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Registration number: 07757529

Alan Woodard Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

Alan Woodard Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 13

Alan Woodard Ltd

Company Information

Directors | Mrs N Woodard Mr A J Woodard Mr S N Hayward Mr R Woodard

Registered office | 58 Kinson Road Bournemouth Dorset United Kingdom BH10 4AN

Accountants | Harney & Co Limited Chartered Certified Accountants58 Kinson Road Bournemouth Dorset BH10 4AN

Alan Woodard Ltd

(Registration number: 07757529)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 96,205 | 108,311
Tangible assets | 5 | 294,858 | 203,654
|  | 391,063 | 311,965
Current assets |  |  |
Stocks | 6 | 65,000 | 40,000
Debtors | 7 | 947,775 | 762,789
Cash at bank and in hand |  | 64,602 | 64,933
|  | 1,077,377 | 867,722
Creditors: Amounts falling due within one year | 8 | (1,332,406) | (1,042,948)
Net current liabilities |  | (255,029) | (175,226)
Total assets less current liabilities |  | 136,034 | 136,739
Creditors: Amounts falling due after more than one year | 8 | (79,786) | (85,225)
Provisions for liabilities |  | (51,119) | (47,332)
Net assets |  | 5,129 | 4,182
Capital and reserves |  |  |
Called up share capital | 9 | 2,000 | 2,000
Retained earnings |  | 3,129 | 2,182
Shareholders' funds |  | 5,129 | 4,182

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 January 2026 and signed on its behalf by:

......................................... Mr A J Woodard Director

Alan Woodard Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
58 Kinson Road
Bournemouth
Dorset
BH10 4AN
United Kingdom

The principal place of business is:
506 Wallisdown Road
Bournemouth
Dorset
BH11 8PT

These financial statements were authorised for issue by the Board on 16 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Finance income and costs policy

Interest income is recognised when it is probably that the economic benefits will flow to the company and the amount of revenue can be reliably measured. Interest income is accrued on a time basis, by reference to the principal outstanding and the effective interest rate applicable.

Alan Woodard Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

2 | Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 15% reducing balance
Office equipment | 33% straight line
Motor vehicles | 25% reducing balance or over the term of the lease
Fixture & fittings | 15% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the
company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity
recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently
measured at cost less accumulated amortisation and accumulated impairment losses.

Alan Woodard Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

2 | Accounting policies (continued)

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 10 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold in the ordinary course of business.Trade debtors are recognised at the transaction price.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Alan Woodard Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

2 | Accounting policies (continued)

Leases

Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

The company has basic financial instruments which are classified, measured and accounted for according to the substance of the contractual arrangement, as financial assets or financial liabilities. The company has not entered into any complex financial instruments.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 29 (2024 - 25).

Alan Woodard Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 September 2024 | 121,062 | 121,062
At 31 August 2025 | 121,062 | 121,062
Amortisation
At 1 September 2024 | 12,751 | 12,751
Amortisation charge | 12,106 | 12,106
At 31 August 2025 | 24,857 | 24,857
Carrying amount
At 31 August 2025 | 96,205 | 96,205
At 31 August 2024 | 108,311 | 108,311

Intangible assets with a carrying amount of £96,205 (2024: £108,311) have been pledged to secure the borrowings of the company.

Alan Woodard Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 September 2024 | 9,585 | 11,095 | 253,452 | 33,075 | 307,207
Additions | 26,757 | 7,990 | 103,536 | 24,225 | 162,508
Disposals | - | - | (2,648) | (247) | (2,895)
Transfers | - | (580) | - | 580 | -
At 31 August 2025 | 36,342 | 18,505 | 354,340 | 57,633 | 466,820
Depreciation
At 1 September 2024 | 7,678 | 3,869 | 87,694 | 4,312 | 103,553
Charge for the year | 2,872 | 4,155 | 56,868 | 5,898 | 69,793
Eliminated on disposal | - | - | (1,345) | (39) | (1,384)
Transfers | - | (298) | - | 298 | -
At 31 August 2025 | 10,550 | 7,726 | 143,217 | 10,469 | 171,962
Carrying amount
At 31 August 2025 | 25,792 | 10,779 | 211,123 | 47,164 | 294,858
At 31 August 2024 | 1,907 | 7,226 | 165,758 | 28,763 | 203,654

Alan Woodard Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

5 | Tangible assets (continued)

Included within the net book value of land and buildings above is £1,827 (2024 - £1,907) in respect of freehold land and buildings and £23,965 (2024 - £Nil) in respect of long leasehold land and buildings.

Tangible assets with a carrying amount of £294,858 (2024: £203,654) have been pledged to secure the borrowings of the company.

Alan Woodard Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 65,000 | 40,000

Stock with a carrying amount of £65,000 (2024: £40,000) has been pledged to secure the borrowings of the company.

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 647,558 | 665,975
Prepayments | 6,720 | 4,243
Other debtors | 293,497 | 92,571
| 947,775 | 762,789

Debtors with a carrying amount of £947,775 (2024: £762,789) have been pledged to secure the borrowings of the company.

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 69,845 | 60,121
Trade creditors |  | 622,078 | 371,229
Taxation and social security |  | 115,725 | 89,953
Accruals and deferred income |  | 19,104 | 24,494
Other creditors |  | 505,654 | 497,151
|  | 1,332,406 | 1,042,948

Included within other creditors is an amount of £471,830 (2024: £464,132) in connection with an invoice financing facility. This liability is secured by way of a fixed and floating charge over the assets and undertakings over the company.

Alan Woodard Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

8 | Creditors (continued)

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 79,786 | 85,225

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A shares of £1 each | 1,996 | 1,996 | 1,996 | 1,996
Ordinary B shares of £1 each | 4 | 4 | 4 | 4
| 2,000 | 2,000 | 2,000 | 2,000

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 7,500
Hire purchase contracts | 79,786 | 77,725
| 79,786 | 85,225

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 7,500 | 10,000
Hire purchase contracts | 62,345 | 50,121
| 69,845 | 60,121

Bank borrowings

Bank loan is denominated in £ with a nominal interest rate of 2.50%, and the final instalment is due on 7 May 2026. The carrying amount at year end is £7,500 (2024 - £17,500).

Alan Woodard Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

11 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of £Nil per each Ordinary A shares |  | - |  | -
Interim dividend of £19,200.00 (2024 - £58,000.00) per each Ordinary B shares |  | 76,800 |  | 232,000
|  | 76,800 |  | 232,000

12 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £75,834 (2024 - £100,632).

13 | Related party transactions

Transactions with directors

2025 | At 1 September 2024 £ | Advances to director £ | Repayments by director £ | At 31 August 2025 £
Mr A J Woodard
Transactions during the year | 24,663 | 94,144 | (42,482) | 76,325
Mrs N Woodard
Transactions during the year | 24,663 | 94,144 | (42,482) | 76,325
Mr R Woodard
Transactions during the year | - | 74,993 | (13,913) | 61,080
Mr S N Hayward
Transactions during the year | - | 73,965 | (28,873) | 45,092

Alan Woodard Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

13 | Related party transactions (continued)

2024 | At 1 September 2023 £ | Advances to director £ | Repayments by director £ | At 31 August 2024 £
Mr A J Woodard
Transactions during the year | 4,111 | 98,544 | (77,992) | 24,663
Mrs N Woodard
Transactions during the year | 4,111 | 98,544 | (77,992) | 24,663

Interest is charged on the overdrawn directors' loan accounts at the official rate of interest. Loans are repayable on demand.

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 48,104 | 37,709
Contributions paid to money purchase schemes | 10,728 | 571
| 58,832 | 38,280