Daniel Woodman & Co. Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Daniel Woodman & Co. Limited

Company Information

Director

D Woodman

Company secretary

P E Fews

Registered Office

41-43 High Street Hanham Bristol BS15 3DQ

Registered Number

04624829

Accountants

Verinder Powell Associates Limited Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

Daniel Woodman & Co. Limited

(Registration number: 04624829)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	6,387	6,228
Current assets
Stocks		280,836	179,113
Debtors	6	88,511	60,772
Cash at bank and in hand		205,187	174,693
		574,534	414,578
Creditors: Amounts falling due within one year	7	(375,348)	(265,237)
Net current assets		199,186	149,341
Total assets less current liabilities		205,573	155,569
Creditors: Amounts falling due after more than one year	7	-	(7,833)
Net assets		205,573	147,736
Capital and reserves
Called up share capital		10,000	10,000
Retained earnings		195,573	137,736
Shareholders' funds		205,573	147,736

Daniel Woodman & Co. Limited

(Registration number: 04624829)
Balance Sheet as at 31 July 2025

For the financial year ending 31 July 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 April 2026
 

......................................... D Woodman Director

Daniel Woodman & Co. Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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:
41-43 High Street
Hanham
Bristol
BS15 3DQ

These financial statements were authorised for issue by the director on 29 April 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). There have been no material departures from the Financial Reporting Standard 102 1A.

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 Pounds Sterling (£), and are rounded to the nearest pound.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Daniel Woodman & Co. Limited

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

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

The current 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 provided at the following annual rates in order to write off each asset over its estimated useful life:

Asset class	Depreciation method and rate
Fixtures and fittings	- 15% reducing balance
Computer equipment	- 33% straight line

Goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and has been amortised on a systematic basis over its expected life, which is 5 years.

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.

Daniel Woodman & Co. Limited

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks represent professional services that are work in progress. The work in progress is valued at the expected net realisable value.

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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Daniel Woodman & Co. Limited

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

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

The company operates a define contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. Once the contributions have been paid, the company has no further payment obligations.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 19 (2024 - 20).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 August 2024	14,000	14,000
At 31 July 2025	14,000	14,000
Amortisation
At 1 August 2024	14,000	14,000
At 31 July 2025	14,000	14,000
Carrying amount
At 31 July 2025	-	-
At 31 July 2024	-	-

Daniel Woodman & Co. Limited

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

5	Tangible assets

	Fixtures and fittings £	Computer equipment £	Total £
Cost or valuation
At 1 August 2024	5,589	22,474	28,063
Additions	-	3,204	3,204
At 31 July 2025	5,589	25,678	31,267
Depreciation
At 1 August 2024	4,797	17,038	21,835
Charge for the year	119	2,926	3,045
At 31 July 2025	4,916	19,964	24,880
Carrying amount
At 31 July 2025	673	5,714	6,387
At 31 July 2024	792	5,436	6,228

6

Debtors

	2025 £	2024 £
Trade debtors	64,807	59,529
Prepayments	23,704	1,243
	88,511	60,772

Daniel Woodman & Co. Limited

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

7

Creditors

Due within one year	Note	2025 £	2024 £
Bank borrowings		7,833	14,000
Trade creditors		19,369	22,242
Amounts owed to related parties	9	481	224
Taxation and social security		144,911	179,295
Accruals and deferred income		39,961	36,254
Other creditors		162,793	13,222
		375,348	265,237

 

		2025 £	2024 £
Due after one year
Bank borrowings		-	7,833

Included in bank borrowings is a balance of £7,833 (2024 - £21,833) which is guaranteed by the government and unsecured.

8	Financial commitments, guarantees and contingencies

Pension commitments

Included in the balance sheet are pensions of £3,652 (2024 - £8,701). The company participates in a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

Off balance sheet commitments

At the year end the company had future minimum lease payments due under non-cancellable operating leases totalling £99,000 (2024 - £132,000).

Daniel Woodman & Co. Limited

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

9	Related party transactions

Loans from related parties

2025	Key management £	Total £
At start of period	224	224
Advanced	200,332	200,332
Repaid	(200,075)	(200,075)
At end of period	481	481

2024	Key management £	Total £
At start of period	388	388
Advanced	169,864	169,864
Repaid	(170,028)	(170,028)
At end of period	224	224

Terms of loans from related parties

The loans from key management are interest free and repayable on demand.