Company No: 13091723 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Financial Statements

DIRECTOR

D C Adams

REGISTERED OFFICE	Wey Court West
	Union Road
	Farnham
	Surrey
	GU9 7PT
	United Kingdom

COMPANY NUMBER

13091723 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	Wey Court West
	Union Road
	Farnham
	Surrey
	GU9 7PT

	Note	31.03.2025		31.12.2023
		£		£
Fixed assets
Tangible assets	3	185,069		88,847
		185,069		88,847
Current assets
Stocks	4	190,190		0
Debtors	5	191,259		15,490
Cash at bank and in hand	6	54,401		12,642
		435,850		28,132
Creditors: amounts falling due within one year	7	( 526,478)		( 50,892)
Net current liabilities		(90,628)		(22,760)
Total assets less current liabilities		94,441		66,087
Creditors: amounts falling due after more than one year	8, 11	( 52,835)		( 6,788)
Provision for liabilities	9, 10	( 9,031)		( 16,034)
Net assets		32,575		43,265
Capital and reserves
Called-up share capital		100		100
Profit and loss account		32,475		43,165
Total shareholders' funds		32,575		43,265

For the financial period ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Woodbox Limited (registered number: 13091723) were approved and authorised for issue by the Director on 24 December 2025. They were signed on its behalf by:

D C Adams Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Woodbox Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The company has changed its accounting reference date from 31 December to 31 March. This change was made to align the company's year end to be more closely aligned with the UK Tax year end for administrative convenience.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	10 years straight line
Computer equipment	3 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	Period from 01.01.2024 to 31.03.2025		Year ended 31.12.2023
	Number		Number
Monthly average number of persons employed by the Company during the period, including the director	3		4

3. Tangible assets

	Vehicles		Computer equipment		Total
	£		£		£
Cost
At 01 January 2024	115,256		2,833		118,089
Additions	116,649		3,064		119,713
Disposals	( 8,500)		0		( 8,500)
At 31 March 2025	223,405		5,897		229,302
Accumulated depreciation
At 01 January 2024	27,956		1,286		29,242
Charge for the financial period	15,063		2,053		17,116
Disposals	( 2,125)		0		( 2,125)
At 31 March 2025	40,894		3,339		44,233
Net book value
At 31 March 2025	182,511		2,558		185,069
At 31 December 2023	87,300		1,547		88,847

4. Stocks

	31.03.2025		31.12.2023
	£		£
Stocks	190,190		0

5. Debtors

	31.03.2025		31.12.2023
	£		£
Trade debtors	141,883		15,390
VAT recoverable	49,276		0
Other debtors	100		100
	191,259		15,490

6. Cash and cash equivalents

	31.03.2025		31.12.2023
	£		£
Cash at bank and in hand	54,401		12,642

7. Creditors: amounts falling due within one year

	31.03.2025		31.12.2023
	£		£
Trade creditors	324,050		7,098
Amounts owed to director	192,010		13,000
Accruals	2,500		2,500
Other taxation and social security	0		7,626
Obligations under finance leases and hire purchase contracts	7,918		20,362
Other creditors	0		306
	526,478		50,892

8. Creditors: amounts falling due after more than one year

	31.03.2025		31.12.2023
	£		£
Obligations under finance leases and hire purchase contracts	52,835		6,788

9. Provision for liabilities

	31.03.2025		31.12.2023
	£		£
Deferred tax	9,031		16,034

10. Deferred tax

	31.03.2025		31.12.2023
	£		£
At the beginning of financial period/year	( 16,034)		( 8,987)
Credited/(charged) to the Statement of Income and Retained Earnings	7,003		( 7,047)
At the end of financial period/year	( 9,031)		( 16,034)

The deferred taxation balance is made up as follows:

	31.03.2025		31.12.2023
	£		£
Accelerated capital allowances	( 46,267)		( 22,212)
Tax losses carry forward	37,232		6,145
Pension surplus	4		33
	( 9,031)		( 16,034)

11. Hire purchase and finance leases

Minimum lease payments under hire purchase fall due as follows:

	31.03.2025		31.12.2023
	£		£
Within one year	(7,918)		(20,362)
Between 1-5 years	(52,835)		(6,788)
	(60,753)		(27,150)