Bassingfield Woodyard Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08598028

BASSINGFIELD WOODYARD LIMITED

Filleted Unaudited Financial Statements

31 July 2025

BASSINGFIELD WOODYARD LIMITED

Statement of Financial Position

31 July 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	1	1
Tangible assets	6	12,769	16,443
		--------	--------
		12,770	16,444

Current assets

Stocks		176,986	202,634
Debtors	7	65,996	79,152
Cash at bank and in hand		39,541	41,115
		---------	---------
		282,523	322,901

Creditors: amounts falling due within one year	8	194,280		198,481
		---------		---------
Net current assets			88,243	124,420
			---------	---------
Total assets less current liabilities			101,013	140,864

Creditors: amounts falling due after more than one year	9		–	9,200

Provisions

Taxation including deferred tax	1,696	2,234
	---------	---------
Net assets	99,317	129,430
	---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	99,315	129,428
	--------	---------
Shareholders funds	99,317	129,430
	--------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st July 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

BASSINGFIELD WOODYARD LIMITED

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 29 April 2026 , and are signed on behalf of the board by:

Mr P M Allison	Mrs N D Allison
Director	Director

Company registration number: 08598028

BASSINGFIELD WOODYARD LIMITED

Notes to the Financial Statements

Year ended 31st July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 17 Newstead Grove, NOTTINGHAM, NG1 4GZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold improvements	-	20% straight line
Plant and machinery	-	15% reducing balance
Motor Vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 8 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1st August 2024 and 31st July 2025	1
	----
Amortisation
At 1st August 2024 and 31st July 2025	–
	----
Carrying amount
At 31st July 2025	1
	----
At 31st July 2024	1
	----

6. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1st August 2024 and 31st July 2025	19,802	34,831	27,695	82,328
	--------	--------	--------	--------
Depreciation
At 1st August 2024	19,802	26,210	19,873	65,885
Charge for the year	–	1,718	1,956	3,674
	--------	--------	--------	--------
At 31st July 2025	19,802	27,928	21,829	69,559
	--------	--------	--------	--------
Carrying amount
At 31st July 2025	–	6,903	5,866	12,769
	--------	--------	--------	--------
At 31st July 2024	–	8,621	7,822	16,443
	--------	--------	--------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	57,787	78,091
Other debtors	8,209	1,061
	--------	--------
	65,996	79,152
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	9,617	10,648
Trade creditors	157,198	145,769
Corporation tax	1,631	14,261
Social security and other taxes	1,216	2,542
Other creditors	24,618	25,261
	---------	---------
	194,280	198,481
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	9,200
	----	-------

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	10,998	21,996
Later than 1 year and not later than 5 years	–	10,998
	--------	--------
	10,998	32,994
	--------	--------

11. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr P M Allison	( 15,611)	116	( 15,495)
	--------	----	--------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr P M Allison	( 15,611)	–	( 15,611)
	--------	----	--------