Iron and Wood Ltd - Filleted accounts

Registered number

06698274

Iron and Wood Ltd

Unaudited Filleted Accounts

30 June 2025

Iron and Wood Ltd
Registered number:		06698274
Balance Sheet
as at 30 June 2025

	Notes		2025			2024
£				£
Fixed assets
Tangible assets	3		26,219			35,460
Investments	4		61			61
			26,280			35,521

Current assets
Stocks		142,991			139,859
Debtors	5	189,428			207,323
Cash at bank and in hand		216,436			166,831
		548,855			514,013

Creditors: amounts falling due within one year	6	(216,418)			(184,843)

Net current assets			332,437			329,170

Total assets less current liabilities			358,717			364,691


Provisions for liabilities			(1,330)			(3,109)


Net assets			357,387			361,582

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			356,387			360,582

Shareholders' funds			357,387			361,582

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S Attfield
Director
Approved by the board on 7 January 2026

Iron and Wood Ltd
Notes to the Accounts
for the year ended 30 June 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going Concern
	The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the financial statements.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			over the lease term
	Plant and machinery			over 4 years
	Fixtures, fittings, tools and equipment			over 4 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					5		7


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 July 2024	4,560		44,407		35,195		84,162
	Additions	-		1,566		-		1,566
	At 30 June 2025	4,560		45,973		35,195		85,728

	Depreciation
	At 1 July 2024	1,044		41,855		5,803		48,702
	Charge for the year	1,758		1,701		7,348		10,807
	At 30 June 2025	2,802		43,556		13,151		59,509

	Net book value
	At 30 June 2025	1,758		2,417		22,044		26,219
	At 30 June 2024	3,516		2,552		29,392		35,460


4	Investments
Investments in
subsidiary					Other
undertakings					investments		Total
£					£		£
	Cost
	At 1 July 2024			51		10		61

	At 30 June 2025			51		10		61


5	Debtors					2025		2024
£							£

	Trade debtors					175,973		129,948
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					249		325
	Other debtors					13,206		77,050
						189,428		207,323


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					18,534		18,839
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					258		188
	Taxation and social security costs					51,744		28,880
	Other creditors					145,882		136,936
						216,418		184,843

	Included in other creditors above is deferred income totalling £135,828 (2024: £111,864).


7	Share Capital					2025		2024
£							£

	Allotted, called up share capital which has been paid up
	1000 Ordinary shares of £1.00 each					1,000		1,000

						1,000		1,000


8	Other financial commitments					2025		2024
£							£

	Total future minimum payments under non-cancellable operating leases					12,000		12,000


9	Related party transactions

	In the previous year, the company advanced funds to a company with a common director and shareholder. There are no agreed terms of repayment and interest is not being charged on the loan which totalled £233 (2024: £63,016).


10	Controlling party

	The ultimate controlling party is Mr S Attfield, who owns 60% of the total issued share capital of the company.


11	Other information

	Iron and Wood Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Hillside Farm
	Wroxton Lane
	Horley, Banbury
	Oxfordshire
	OX15 6BD

	The company is exempt from preparing consolidated financial statements on the basis that it qualifies for the small companies regime and is not a member of a group containing an ineligible company. Therefore the accounts present information relating to the company only.