REGISTERED NUMBER: 03191380 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Woodland Oil Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs N J Bradshaw

J W Bradshaw

K R L Brailsford

S C Mallinson

Mrs K V Mills

REGISTERED OFFICE:

The New Depot Naylor Street

Parkgate

Rotherham

South Yorkshire

S62 6BP

REGISTERED NUMBER:

03191380 (England and Wales)

FIXED ASSETS

Intangible assets

4

550

625

Tangible assets

5

716,401

845,388

716,951

846,013

CURRENT ASSETS

Stocks

10,500

10,000

Debtors

6

797,831

1,091,592

Cash at bank and in hand

93,700

298,569

902,031

1,400,161

CREDITORS

Amounts falling due within one year

7

478,967

1,013,719

NET CURRENT ASSETS

423,064

386,442

TOTAL ASSETS LESS CURRENT LIABILITIES

1,140,015

1,232,455

CREDITORS

Amounts falling due after more than one year

8

(46,499

)

(107,858

)

PROVISIONS FOR LIABILITIES

(121,639

)

(152,806

)

NET ASSETS

971,877

971,791

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

971,875

971,789

SHAREHOLDERS' FUNDS

971,877

971,791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

S C Mallinson - Director

Mrs N J Bradshaw - Director

1.	STATUTORY INFORMATION

Woodland Oil Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost, 25% on cost, 25% on reducing balance and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company makes employer pension contributions in accordance with auto enrolment legislation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

10,000

750

10,750

AMORTISATION

At 1 April 2024

10,000

125

10,125

Charge for year

-

75

75

At 31 March 2025

10,000

200

10,200

NET BOOK VALUE

At 31 March 2025

-

550

550

At 31 March 2024

-

625

625

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

304,671

1,376,465

1,681,136

Additions

-

33,107

33,107

At 31 March 2025

304,671

1,409,572

1,714,243

DEPRECIATION

At 1 April 2024

77,577

758,171

835,748

Charge for year

3,894

158,200

162,094

At 31 March 2025

81,471

916,371

997,842

NET BOOK VALUE

At 31 March 2025

223,200

493,201

716,401

At 31 March 2024

227,094

618,294

845,388

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

369,409

DEPRECIATION

At 1 April 2024

158,740

Charge for year

52,667

At 31 March 2025

211,407

NET BOOK VALUE

At 31 March 2025

158,002

At 31 March 2024

210,669

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

650,758

1,047,258

Amounts owed by group undertakings

112,995

-

Other debtors

34,078

44,334

797,831

1,091,592

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

10,000

Hire purchase contracts

44,792

44,792

Trade creditors

189,126

378,837

Amounts owed to group undertakings

-

420,340

Taxation and social security

154,776

131,072

Other creditors

90,273

28,678

478,967

1,013,719

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

20,833

Hire purchase contracts

46,499

87,025

46,499

107,858

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

91,291

131,817

10.	ULTIMATE CONTROLLING PARTY

The controlling party is NGJ Ltd.

Parent company

Monies were loaned between the companies.

The balance owing from the parent company at 31st March 2025: £112,995, this is reflected in current assets.

The balance owing to the parent company at 31st March 2024: £420,440, this is reflected in current liabilities.

NGJ Ltd disposed of its majority shareholding on 24th November 2025 to Millson Ford Ltd.