Acorah Software Products - Accounts Production 16.8.200 false true 31 July 2024 1 August 2023 true 19 November 2025 true 1 August 2024 31 July 2025 31 July 2025 SC136012 Mr David Wood Mrs Donna Wood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC136012 2024-07-31 SC136012 2025-07-31 SC136012 2024-08-01 2025-07-31 SC136012 frs-core:CurrentFinancialInstruments 2025-07-31 SC136012 frs-core:Non-currentFinancialInstruments 2025-07-31 SC136012 frs-core:BetweenOneFiveYears 2025-07-31 SC136012 frs-core:ComputerEquipment 2025-07-31 SC136012 frs-core:ComputerEquipment 2024-08-01 2025-07-31 SC136012 frs-core:ComputerEquipment 2024-07-31 SC136012 frs-core:FurnitureFittings 2025-07-31 SC136012 frs-core:FurnitureFittings 2024-08-01 2025-07-31 SC136012 frs-core:FurnitureFittings 2024-07-31 SC136012 frs-core:NetGoodwill 2025-07-31 SC136012 frs-core:NetGoodwill 2024-08-01 2025-07-31 SC136012 frs-core:NetGoodwill 2024-07-31 SC136012 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-07-31 SC136012 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-01 2025-07-31 SC136012 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 SC136012 frs-core:MotorVehicles 2025-07-31 SC136012 frs-core:MotorVehicles 2024-08-01 2025-07-31 SC136012 frs-core:MotorVehicles 2024-07-31 SC136012 frs-core:PlantMachinery 2025-07-31 SC136012 frs-core:PlantMachinery 2024-08-01 2025-07-31 SC136012 frs-core:PlantMachinery 2024-07-31 SC136012 frs-core:WithinOneYear 2025-07-31 SC136012 frs-core:ShareCapital 2025-07-31 SC136012 frs-core:RetainedEarningsAccumulatedLosses 2024-08-01 2025-07-31 SC136012 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 SC136012 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 SC136012 frs-bus:FullAccounts 2024-08-01 2025-07-31 SC136012 frs-bus:MediumEntities 2024-08-01 2025-07-31 SC136012 frs-bus:Audited 2024-08-01 2025-07-31 SC136012 frs-bus:Medium-sizedCompaniesRegimeForAccounts 2024-08-01 2025-07-31 SC136012 frs-bus:Medium-sizedCompaniesRegimeForDirectorsReport 2024-08-01 2025-07-31 SC136012 frs-bus:OrdinaryShareClass1 2024-08-01 2025-07-31 SC136012 frs-bus:OrdinaryShareClass1 2025-07-31 SC136012 frs-core:DeferredTaxation 2024-08-01 2025-07-31 SC136012 frs-core:DeferredTaxation 2024-07-31 SC136012 frs-core:DeferredTaxation 2025-07-31 SC136012 frs-bus:Director1 2024-08-01 2025-07-31 SC136012 frs-bus:CompanySecretary1 2024-08-01 2025-07-31 SC136012 1 2024-08-01 2025-07-31 SC136012 2 2024-08-01 2025-07-31 SC136012 frs-countries:Scotland 2024-08-01 2025-07-31 SC136012 2023-07-31 SC136012 2024-07-31 SC136012 2023-08-01 2024-07-31 SC136012 frs-core:CurrentFinancialInstruments 2024-07-31 SC136012 frs-core:Non-currentFinancialInstruments 2024-07-31 SC136012 frs-core:BetweenOneFiveYears 2024-07-31 SC136012 frs-core:WithinOneYear 2024-07-31 SC136012 frs-core:ShareCapital 2023-07-31 SC136012 frs-core:ShareCapital 2024-07-31 SC136012 frs-core:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 SC136012 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-07-31 SC136012 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 SC136012 frs-bus:OrdinaryShareClass1 2023-08-01 2024-07-31 SC136012 1 2023-08-01 2024-07-31 SC136012 2 2023-08-01 2024-07-31
Registered number: SC136012
Woody's Express Parcels Limited
Strategic Report, Director's Report and
Financial Statements
For The Year Ended 31 July 2025
Leitch Accountancy Services Limited
Woody's Express Parcels Limited
Contents
Contents

| Page
--- | ---
Company Information | 1
Strategic Report | 2
Director's Report | 3—4
Independent Auditor's Report | 5—8
Profit and Loss Account | 9
Statement of Comprehensive Income | 10
Balance Sheet | 11
Statement of Changes in Equity | 12
Statement of Cash Flows | 13
Notes to the Statement of Cash Flows | 14
Notes to the Financial Statements | 15—22

Page 1
Woody's Express Parcels Limited
Company Information
For The Year Ended 31 July 2025
Company Information

Director | Mr David Wood
Secretary | Mrs Donna Wood
Company Number | SC136012
Registered Office | Rigs Road Industrial Estate
| Stornoway
| Isle of Lewis
| HS1 2RF
Accountants | Leitch Accountancy Services Limited
| ACCA
| 3 Beech Avenue
| Inverness
| IV2 4NN
Auditors | A9 Accountancy Limited
| Elm House
| Cradlehall Business Park
| Inverness
| IV2 5GH

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Woody's Express Parcels Limited
Strategic Report
For The Year Ended 31 July 2025
Strategic Report
The director presents his strategic report for the year ended 31 July 2025.
Review of the Business
2024/2025 was a strong year for Woodys Express Parcels, marked by growth in all areas of the business, especially the pallet division. The growth was achieved through new contracts going live in early 2025 along with mergering with another local haulier who left the Highlands and Islands area. We achieved higher revenue and a good level of profitability, thanks to our team’s commitment to delivering quality service in everything we have to offer.
Principal Risks and Uncertainties
Running a haulage business comes with a unique set of risks and uncertainties that can impact operations, profitability, and long-term sustainability:
Operational Risks
- Vehicle breakdowns or accidents: Can lead to delays, reputational damage, and increased insurance premiums.
- Driver shortages or turnover: Recruiting and retaining qualified drivers is a persistent challenge.
- Fuel price volatility: Sudden increases in fuel costs can erode profit margins.
- Compliance with regulations: Changes in transport laws, emissions standards, or working time directives can require costly adjustments.
Financial Risks
- Cash flow constraints: Late payments from clients or high upfront costs (e.g. vehicle maintenance) can strain liquidity.
- Ferry rises and the difficulty in passing on the costs
- Insurance costs: Rising premiums or claims can significantly impact profitability.
- Interest rate changes: If the business relies on financing for vehicles or infrastructure, rate hikes can increase debt servicing costs.
External & Market Risks
- Economic downturns: Reduced demand for goods can lead to fewer transport contracts.
- Competition: Pressure from larger logistics firms or low-cost operators can squeeze margins.
- Client dependency: Overreliance on a few major customers poses a risk if contracts are lost or scaled back
Environmental & Geopolitical Risks
- Extreme weather events: Floods, snowstorms, or heatwaves can disrupt routes and schedules.
- Geopolitical instability: Border delays, trade restrictions, or fuel supply issues can affect international haulage.
- Sustainability pressures: Increasing demand for low-emission vehicles and carbon reporting may require investment in greener fleets.
Technological Risks
- Cybersecurity threats: Fleet management systems and customer data are vulnerable to breaches.
- System failures: GPS, routing software, or logistics platforms going down can halt operations.
- Automation disruption: Long-term uncertainty around autonomous vehicles and AI-driven logistics.
On behalf of the board

Mr David Wood Director
19/11/2025

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Woody's Express Parcels Limited
Company No. SC136012
Director's Report For The Year Ended 31 July 2025
Director's Report
The director presents his report and the financial statements for the year ended 31 July 2025.
Principal Activity
The company's principal activity continues to be that of carrying out haulage and courier services throughout the whole of the UK.
Future Developments
Strategic Vision
The company aims to position itself as a leading regional logistics provider, known for reliability, sustainability, and technological innovation. Future development will focus on expanding service capacity, improving operational efficiency, and enhancing customer experience.
Operational Expansion
- Fleet Growth: May look to invest in additional vehicles, including low-emission or electric HGVs, to meet growing demand and align with environmental targets.
- Depot Infrastructure: Evaluation of new depot locations to improve route coverage and reduce empty mileage.
- Driver Development: Enhanced recruitment and training programs to address industry-wide driver shortages and improve retention.
Technology & Innovation
- Telematics & Fleet Management: Upgrading tracking systems for real-time route optimisation, fuel efficiency monitoring, and predictive maintenance.
- Customer Portal: Continued development of the Woody's portal (version 3) which allows all customers to book, track, and manage deliveries seamlessly.
- Automation & AI: Exploring automation in scheduling, load planning, and document processing to reduce admin overhead.
Sustainability Initiatives
- Carbon Reduction Strategy: Commitment to reducing emissions through fleet electrification, route optimization, and offset programs.
- Eco Partnerships: Collaborating with clients and suppliers to promote greener logistics solutions.
- Compliance Readiness: Preparing for future regulatory changes around emissions, clean air zones, and ESG reporting.
Service Diversification
- Specialist Haulage: Expansion into niche markets such as refrigerated transport, hazardous goods, or oversized loads.
- Contract Logistics: Offering end-to-end logistics solutions including warehousing, inventory management, and last-mile delivery.
- Cross-border Services: Strengthening international haulage capabilities, particularly post-Brexit compliance and customs handling.
Financial & Risk Management
- Investment Planning: Strategic capital allocation for fleet upgrades, tech adoption, and infrastructure development.
- Risk Mitigation: Ongoing review of insurance coverage, cyber security protocols, and contingency planning for fuel price volatility and economic shifts.
- Performance Monitoring: Implementation of KPIs across departments to track efficiency, profitability, and service quality.
Dividends
The value of dividends paid amounted to £90,000 .
The director recommended a final dividend of £NIL .
Directors
The director who held office during the year were as follows:

Mr David Wood

Acknowledgements
I would like to thank the entire team at Woody's Express Parcels Limited for their hard work, dedication, and professionalism. Their efforts have been key to our success and continued growth. With a clear strategy, a strong customer following, and a talented workforce, we are well-positioned for the year ahead.
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Woody's Express Parcels Limited
Director's Report (continued)
For The Year Ended 31 July 2025
Statement of Director's Responsibilities
The director is responsible for preparing the Strategic Report, the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement of Disclosure of Information to Auditors
In the case of each director in office at the date the Director's Report is approved:

- so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
- they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors
The auditors, A9 Accountancy Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.
On behalf of the board

Mr David Wood Director
19/11/2025

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Independent Auditor's Report
to the Members of
Woody's Express Parcels Limited
Independent Auditor's Report
Opinion
We have audited the financial statements of Woody's Express Parcels Limited for the year ended 31 July 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 July 2025 and of its profit/(loss) for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions Relating to Going Concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other Information
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on Other Matters Prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the director’s report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)
to the Members of
Woody's Express Parcels Limited
Matters on Which We Are Required to Report by Exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Director's Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of Directors
As explained more fully in the director’s responsibilities statement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
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Independent Auditor's Report (continued)
to the Members of
Woody's Express Parcels Limited
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Extent to which our procedures are capable of detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below.
We obtained an understanding of the legal and regulatory frameworks that are applicable to the company, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The most relevant frameworks we identified include:

- United Kingdom Generally Accepted Accounting Practice

- Companies Act 2006

- Corporation Tax legislation

- VAT legislation

- Health and safety

We gained an understanding of how the company is complying with these laws and regulations by making enquiries of management. We corroborated these enquiries through our review of external inspections and relevant correspondence with regulatory bodies.
We assessed the susceptibility of the company’s financial statements to material misstatement, including how fraud might occur, by meeting with management to understand where it was considered there was susceptibility to fraud. This evaluation also considered how management were remunerated and whether this provided an incentive for fraudulent activity. We considered the overall control environment and how management oversee the implementation and operation of controls. In areas of the financial statements where the risks were considered to be higher, we performed procedures to address each identified risk.
The following procedures were performed to provide reasonable assurance that the financial statements were free of material fraud or error:

- Reviewing the level of and reasoning behind the company’s procurement of legal and professional services;

- Performing audit work procedures over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing judgements made by management in their calculation of accounting estimates for potential management bias.

- Procedures to confirm the existence and completeness of revenue ensuring recognised in line with the company’s accounting policies.

- Enquiries with management regarding the compliance with laws and regulations, including health and safety requirements, including health and safety requirements.

Our audit procedures were designed to respond to the risk of material misstatements in the financial statements, recognising that the risk of not detecting a material risk due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve intentional concealment, forgery, collusion, omission or misrepresentation. There are inherent limitations in the audit procedures performed and the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
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Independent Auditor's Report (continued)
to the Members of
Woody's Express Parcels Limited
Use Of Our Report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Hollie Mackay-Bungaroo BSc CA (Senior Statutory Auditor) for and on behalf of A9 Accountancy Limited , Statutory Auditor
19/11/2025
A9 Accountancy Limited Elm House Cradlehall Business Park Inverness IV2 5GH

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Woody's Express Parcels Limited
Profit and Loss Account
For The Year Ended 31 July 2025
Profit and Loss Account

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| Notes | £ |  | £
TURNOVER | 3 | 11,693,747 |  | 8,647,036
Cost of sales |  | (9,180,103 ) |  | (6,954,081 )
GROSS PROFIT |  | 2,513,644 |  | 1,692,955
Administrative expenses |  | (1,411,289 ) |  | (1,236,789 )
Other operating income |  | 5,058 |  | 5,000
OPERATING PROFIT | 5 | 1,107,413 |  | 461,166
Profit/(loss) on disposal of fixed assets |  | 18,246 |  | (10,798 )
Other interest receivable and similar income | 10 | 20,903 |  | 19,522
Interest payable and similar charges | 11 | (16,022 ) |  | (33,029 )
PROFIT BEFORE TAXATION |  | 1,130,540 |  | 436,861
Tax on Profit | 12 | (352,105 ) |  | (94,476 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |  | 778,435 |  | 342,385

The notes on pages 14 to 22 form part of these financial statements.
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Woody's Express Parcels Limited
Statement of Comprehensive Income
For The Year Ended 31 July 2025
Statement of Comprehensive Income

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
PROFIT FOR THE FINANCIAL YEAR |  | 778,435 |  | 342,385
OTHER COMPREHENSIVE INCOME FOR THE YEAR |  | - |  | -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |  | 778,435 |  | 342,385

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Woody's Express Parcels Limited
Balance Sheet
As At 31 July 2025
Balance Sheet

| 2025 | 2024 as restated
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 13 |  | 204,623 |  | 306,934
Tangible Assets | 14 |  | 2,196,552 |  | 1,790,028
|  |  | 2,401,175 |  | 2,096,962
CURRENT ASSETS
Debtors | 15 | 2,694,034 |  | 2,034,606 |
Cash at bank and in hand |  | 2,531,402 |  | 1,843,609 |
|  | 5,225,436 |  | 3,878,215 |
Creditors: Amounts Falling Due Within One Year | 16 | (1,680,342 ) |  | (945,035 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 3,545,094 |  | 2,933,180
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 5,946,269 |  | 5,030,142
Creditors: Amounts Falling Due After More Than One Year | 17 |  | (506,660 ) |  | (422,932 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 19 |  | (484,855 ) |  | (340,891 )
NET ASSETS |  |  | 4,954,754 |  | 4,266,319
CAPITAL AND RESERVES
Called up share capital | 21 |  | 2 |  | 2
Profit and Loss Account |  |  | 4,954,752 |  | 4,266,317
SHAREHOLDERS' FUNDS |  |  | 4,954,754 |  | 4,266,319

On behalf of the board

Mr David Wood Director
19/11/2025

The notes on pages 14 to 22 form part of these financial statements.
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Woody's Express Parcels Limited
Statement of Changes in Equity
For The Year Ended 31 July 2025
Statement of Changes in Equity

| Share Capital | Profit and Loss Account | Total
--- | --- | --- | ---
| £ | £ | £
As at 1 August 2023 | 2 | 3,973,932 | 3,973,934
Profit for the year and total comprehensive income | - | 342,385 | 342,385
Dividends paid | - | (50,000) | (50,000)
As at 31 July 2024 and 1 August 2024 as restated | 2 | 4,266,317 | 4,266,319
Profit for the year and total comprehensive income | - | 778,435 | 778,435
Dividends paid | - | (90,000) | (90,000)
As at 31 July 2025 | 2 | 4,954,752 | 4,954,754

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Woody's Express Parcels Limited
Statement of Cash Flows
For The Year Ended 31 July 2025
Statement of Cash Flows

| 2025 |  | 2024 as restated
| Notes | £ |  | £
Cash flows from operating activities
Net cash generated from operations | 1 | 1,265,460 |  | 966,796
Interest paid |  | (16,022 ) |  | (33,029 )
Tax paid |  | (7,984 ) |  | -
Net cash generated from operating activities |  | 1,241,454 |  | 933,767
Cash flows from investing activities
Purchase of tangible assets |  | (971,653 ) |  | (831,869 )
Proceeds from disposal of tangible assets |  | 96,500 |  | 66,206
Interest received |  | 20,903 |  | 19,522
Net cash used in investing activities |  | (854,250 ) |  | (746,141 )
Cash flows from financing activities
Equity dividends paid |  | (90,000 ) |  | (50,000 )
Repayment of finance leases |  | 410,482 |  | 446,922
Amount introduced by directors |  | - |  | 19,602
Amount withdrawn by directors |  | (19,893) |  | -
Net cash generated from financing activities |  | 300,589 |  | 416,524
Increase in cash and cash equivalents |  | 687,793 |  | 604,150
Cash and cash equivalents at beginning of year | 2 | 1,843,609 |  | 1,239,459
Cash and cash equivalents at end of year | 2 | 2,531,402 |  | 1,843,609

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Woody's Express Parcels Limited
Notes to the Statement of Cash Flows
For The Year Ended 31 July 2025
Notes to the Statement of Cash Flows
1. Reconciliation of profit for the financial year to cash generated from operations

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Profit for the financial year | 778,435 |  | 342,385
Adjustments for:
Tax on profit | 352,105 |  | 94,476
Interest expense | 16,022 |  | 33,029
Interest income | (20,903 ) |  | (19,522 )
Amortisation of intangible assets | 102,311 |  | 102,311
Depreciation of tangible assets | 486,875 |  | 419,918
(Profit)/loss on disposal of tangible assets | (18,246) |  | 10,798
Movements in working capital:
Increase in trade and other debtors | (659,428 ) |  | (44,389 )
Increase in trade and other creditors | 228,289 |  | 27,790
Net cash generated from operations | 1,265,460 |  | 966,796

2. Cash and cash equivalents
Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Cash at bank and in hand | 2,531,402 |  | 1,843,609

3. Analysis of changes in net funds

| As at 1 August 2024 | Cash flows | As at 31 July 2025
--- | --- | --- | ---
| £ | £ | £
Cash at bank and in hand | 1,843,609 | 687,793 | 2,531,402
Finance leases | (596,224) | (410,482) | (1,006,706)
| 1,247,385 | 277,311 | 1,524,696

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Woody's Express Parcels Limited
Notes to the Financial Statements
For The Year Ended 31 July 2025
Notes to the Financial Statements
1. General Information
Woodys Express Parcels Limited is a private company, limited by shares, incorporated in Scotland, registered number SC136012 . The registered office is Rigs Road Industrial Estate, Stornoway, Isle of Lewis, HS1 2RF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold | 2% Straight Line
Plant & Machinery | 15% Straight Line
Motor Vehicles | 25% Reducing Balance
Fixtures & Fittings | 15% Reducing Balance
Computer Equipment | 30% Straight Line

2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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Page 16
Woody's Express Parcels Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
2.7. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Employee Benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Turnover
Analysis of turnover by class of business is as follows:

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Distribution Services | 11,685,590 |  | 8,647,036
Other Income | 8,157 |  | 5,000
| 11,693,747 |  | 8,652,036

4. Other Operating Income

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Rental income | 5,058 |  | 5,000
| 5,058 |  | 5,000

5. Operating Profit
The operating profit is stated after charging:

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Bad debts | - |  | 10,984
Depreciation of tangible fixed assets | 486,875 |  | 419,918
Amortisation of intangible fixed assets | 102,311 |  | 102,311

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Page 17
Woody's Express Parcels Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
6. Auditor's Remuneration
Remuneration received by the company's auditors and their associates during the year was as follows:

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Audit Services
Audit of the company's financial statements | 22,990 |  | -
Other Services
Taxation compliance service | 2,336 |  | -

7. Staff Costs
Staff costs, including directors' remuneration, were as follows:

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Wages and salaries | 3,992,141 |  | 3,080,033
Social security costs | 411,260 |  | 301,249
Other pension costs | 81,978 |  | 68,461
| 4,485,379 |  | 3,449,743

8. Average Number of Employees
Average number of employees, including directors, during the year was as follows:

| 2025 |  | 2024
--- | --- | --- | ---
Office and administration | 22 |  | 20
Drivers | 70 |  | 59
Warehouse Operatives | 25 |  | 20
| 117 |  | 99

9. Director's remuneration

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Emoluments | 12,000 |  | 12,000

10. Interest Receivable and Similar Income

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Bank interest receivable | 20,903 |  | 19,522

Page 17
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Woody's Express Parcels Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
11. Interest Payable and Similar Charges

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Finance charges payable under finance leases and hire purchase contracts | 16,022 |  | 33,029

12. Tax on Profit

The tax charge on the profit for the year was as follows:
| Tax Rate | 2025 |  | 2024 as restated
--- | --- | --- | --- | ---
| 2025 | 2024 | £ |  | £
Current tax
UK Corporation Tax | 25.0% | 25.0% | 208,141 |  | 7,576
Deferred Tax
Deferred taxation | 143,964 |  | 86,900
Total tax charge for the period | 352,105 |  | 94,476
The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
| 2025 |  | 2024
| £ |  | £
Profit before tax | 1,130,540 |  | 436,861
Tax on profit at 25% (UK standard rate) | 282,635 |  | 109,215
Goodwill/depreciation not allowed for tax | 147,297 |  | 130,557
Expenses not deductible for tax purposes | 6,249 |  | 9,891
Tax losses utilised | - |  | (45,155 )
Capital allowances | (228,040 ) |  | (196,932 )
Short term timing differences | 143,964 |  | 86,900
Total tax charge for the period | 352,105 |  | 94,476

13. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 August 2024 | 511,556
As at 31 July 2025 | 511,556
Amortisation
As at 1 August 2024 | 204,622
Provided during the period | 102,311
As at 31 July 2025 | 306,933
Net Book Value
As at 31 July 2025 | 204,623
As at 1 August 2024 | 306,934

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Page 19
Woody's Express Parcels Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
14. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings
| £ | £ | £ | £
Cost
As at 1 August 2024 | 297,924 | 76,257 | 2,338,068 | 54,845
Additions | - | 98,518 | 821,349 | -
Disposals | - | - | (200,415 ) | -
As at 31 July 2025 | 297,924 | 174,775 | 2,959,002 | 54,845
Depreciation
As at 1 August 2024 | 36,607 | 36,018 | 920,191 | 15,090
Provided during the period | 5,958 | 14,979 | 436,953 | 6,192
Disposals | - | - | (122,161 ) | -
As at 31 July 2025 | 42,565 | 50,997 | 1,234,983 | 21,282
Net Book Value
As at 31 July 2025 | 255,359 | 123,778 | 1,724,019 | 33,563
As at 1 August 2024 | 261,317 | 40,239 | 1,417,877 | 39,755

| Computer Equipment | Total
--- | --- | ---
| £ | £
Cost
As at 1 August 2024 | 173,242 | 2,940,336
Additions | 51,786 | 971,653
Disposals | - | (200,415 )
As at 31 July 2025 | 225,028 | 3,711,574
Depreciation
As at 1 August 2024 | 142,402 | 1,150,308
Provided during the period | 22,793 | 486,875
Disposals | - | (122,161 )
As at 31 July 2025 | 165,195 | 1,515,022
Net Book Value
As at 31 July 2025 | 59,833 | 2,196,552
As at 1 August 2024 | 30,840 | 1,790,028

Page 19
Page 20
Woody's Express Parcels Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
15. Debtors

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1,998,516 |  | 1,346,597
Other debtors | 695,518 |  | 608,009
| 2,694,034 |  | 1,954,606
Due after more than one year
Other debtors | - |  | 80,000
| 2,694,034 |  | 2,034,606

16. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 500,046 |  | 273,292
Trade creditors | 457,488 |  | 300,525
Other creditors | 222,497 |  | 137,813
Corporation tax | 207,733 |  | 7,576
Taxation and social security | 169,518 |  | 160,735
Accruals and deferred income | 123,060 |  | 65,094
| 1,680,342 |  | 945,035

Obligations under hire purchase contracts are secured over the related assets.
17. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 506,660 |  | 322,932
Other creditors | - |  | 100,000
| 506,660 |  | 422,932

Obligations under hire purchase contracts are secured over the related assets.
18. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 500,046 |  | 273,292
Later than one year and not later than five years | 506,660 |  | 322,932
| 1,006,706 |  | 596,224
| 1,006,706 |  | 596,224

Page 20
Page 21
Woody's Express Parcels Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
19. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Other timing differences | 484,855 |  | 340,891

20. Provisions for Liabilities

| Deferred Tax | Total
--- | --- | ---
| £ | £
As at 1 August 2024 | 340,891 | 340,891
Additions | 143,964 | 143,964
Balance at 31 July 2025 | 484,855 | 484,855

21. Share Capital

| 2025 |  | 2024 as restated
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
2 Ordinary Shares of £ 1.00 each | 2 |  | 2

22. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
Not later than one year | 752,001 |  | 595,000
Later than one year and not later than five years | 898,433 |  | 775,000
| 1,650,434 |  | 1,370,000

23. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
During the year the charge to the profit and loss account in respect of defined contribution schemes was £81,978 (2024 - £68,461)
At the balance sheet date contributions of £392 (2024: £0) were due to the fund and are included in creditors.
24. Dividends

| 2025 |  | 2024 as restated
--- | --- | --- | ---
| £ |  | £
On equity shares:
Final dividend paid | 90,000 |  | 50,000

Page 21
Page 22
Woody's Express Parcels Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
25. Related Party Disclosures
As at the year end the company owed the director £8,942 (2024 - £9,233). This balance is unsecured, interest free and has no fixed terms of repayment.
A partnership in which the directors are partners of owe £374,611 to the company. There is a loan agreement in place to repay this over 15 years with repayments starting within financial year ended 31 July 2026. This loan is unsecured and interest free.
26. Reclassification of Comparative Information
During the current financial year, the company reviewed the presentation of certain expenses within the profit and loss account. As a result of this review, certain costs previously classified within administrative expenses have been reclassified as cost of sales to provide a more appropriate analysis of the company’s operating activities.
The reclassification has no impact on turnover, operating profit, profit for the financial year, net assets or equity, but affects the presentation of functional expense categories.
Comparative figures for the year ended 31 July 2024 have been restated accordingly to ensure consistency of presentation between periods.
The effect of the reclassification on the prior year’s profit and loss account is summarised below:

| As previously reported | Reclassification | As restated
Cost of Sales | £3,516,338 | +£3,437,743 | £6,954,081
Administrative expenses | £4,674,532 | -£3,437,743 | £1,236,789
Gross Profit | £5,130,698 |  | £1,692,955

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