Company Registration No. 12265125 (England and Wales)
Woodend Pharma Ltd
Filleted accounts
for the year ended 31 December 2024
Woodend Pharma Ltd
Filleted accounts
Contents
Woodend Pharma Ltd
Company Information
for the year ended 31 December 2024
Directors
Gulam Jaffer Nabi
Jasjeev Singh Rai
Danish Ahmed Vitran
Company Number
12265125 (England and Wales)
Registered Office
104 Hinckley Road
Coventry
CV2 2EU
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
Woodend Pharma Ltd
Statement of financial position
as at 31 December 2024
Intangible assets
639,897
701,516
Cash at bank and in hand
122,864
(258,367)
Creditors: amounts falling due within one year
(399,392)
(475,139)
Net current assets/(liabilities)
189,562
(277,731)
Total assets less current liabilities
829,459
427,785
Creditors: amounts falling due after more than one year
(769,304)
(388,996)
Called up share capital
3
3
Profit and loss account
60,152
38,786
Shareholders' funds
60,155
38,789
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2025 and were signed on its behalf by
Gulam Jaffer Nabi
Director
Company Registration No. 12265125
Woodend Pharma Ltd
Notes to the Accounts
for the year ended 31 December 2024
Woodend Pharma Ltd is a private company, limited by shares, registered in England and Wales, registration number 12265125. The registered office is 104 Hinckley Road, Coventry, CV2 2EU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight line
Fixtures & fittings
20% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Woodend Pharma Ltd
Notes to the Accounts
for the year ended 31 December 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
At 31 December 2024
947,992
Charge for the year
61,619
At 31 December 2024
308,095
At 31 December 2024
639,897
At 31 December 2023
701,516
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2024
7,000
20,000
27,000
At 31 December 2024
7,000
20,000
27,000
At 1 January 2024
7,000
16,000
23,000
Charge for the year
-
4,000
4,000
At 31 December 2024
7,000
20,000
27,000
At 31 December 2023
-
4,000
4,000
Finished goods
50,000
25,000
Woodend Pharma Ltd
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
97,781
101,646
Amounts falling due after more than one year
Amounts due from group undertakings etc.
302,851
302,851
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
62,951
230,294
Trade creditors
131,711
159,524
Taxes and social security
54,648
44,843
Other creditors
147,110
38,992
9
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
265,048
348,718
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3
3
11
Average number of employees
During the year the average number of employees was 10 (2023: 8).