REGISTERED NUMBER: 02014653 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

WOOD & CO (LEICESTER) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M R Spencer

Mrs J A Spencer

REGISTERED OFFICE:

5 The Rookery

Groby

Leicester

LE6 0GP

REGISTERED NUMBER:

02014653 (England and Wales)

ACCOUNTANTS:

PWH Accountancy Ltd

The Counting House

High Street

Lutterworth

Leicestershire

LE17 4AY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,814,105

1,936,158

Investment property

6

549,876

669,876

2,363,981

2,606,034

CURRENT ASSETS

Stocks

181,000

181,000

Debtors

7

910,920

921,483

Cash at bank and in hand

99,626

61,619

1,191,546

1,164,102

CREDITORS

Amounts falling due within one year

8

929,267

952,662

NET CURRENT ASSETS

262,279

211,440

TOTAL ASSETS LESS CURRENT LIABILITIES

2,626,260

2,817,474

CREDITORS

Amounts falling due after more than one year

9

(656,932

)

(785,762

)

PROVISIONS FOR LIABILITIES

(343,443

)

(282,072

)

NET ASSETS

1,625,885

1,749,640

CAPITAL AND RESERVES

Called up share capital

275

275

Revaluation reserve

10

647,124

647,124

Capital redemption reserve

225

225

Retained earnings

978,261

1,102,016

1,625,885

1,749,640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 May 2026 and were signed on its behalf by:

Mrs J A Spencer - Director

M R Spencer - Director

1.	STATUTORY INFORMATION

Wood & Co (Leicester) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

at varying rates on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

10% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2024 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

200,000

AMORTISATION

At 1 September 2024

and 31 August 2025

200,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 September 2024

561,850

121,249

90,226

2,531,518

3,304,843

Additions

-

4,831

2,493

37,516

44,840

At 31 August 2025

561,850

126,080

92,719

2,569,034

3,349,683

DEPRECIATION

At 1 September 2024

110,282

85,974

78,556

1,093,873

1,368,685

Charge for year

11,237

6,016

2,124

147,516

166,893

At 31 August 2025

121,519

91,990

80,680

1,241,389

1,535,578

NET BOOK VALUE

At 31 August 2025

440,331

34,090

12,039

1,327,645

1,814,105

At 31 August 2024

451,568

35,275

11,670

1,437,645

1,936,158

Fixed assets, included in the above, which are held under finance leases are as follows:

Motor

vehicles

£

COST

At 1 September 2024

and 31 August 2025

1,451,159

DEPRECIATION

At 1 September 2024

305,541

Charge for year

114,562

At 31 August 2025

420,103

NET BOOK VALUE

At 31 August 2025

1,031,056

At 31 August 2024

1,145,618

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

669,876

Disposals

(120,000

)

At 31 August 2025

549,876

NET BOOK VALUE

At 31 August 2025

549,876

At 31 August 2024

669,876

The 2017 valuations were made by the directors, on an open market value for existing use basis - no material movement in value from 2016.

On an historical cost basis the properties basis an original cost of £769,288.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

740,769

710,248

S455 tax

57,951

62,439

Other debtors

-

11,092

Directors' loan accounts

112,200

135,477

Prepayments

-

2,227

910,920

921,483

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

64,883

56,939

Finance leases

190,905

233,743

Trade creditors

581,290

587,888

Tax

-

13,500

Social security and other taxes

(6,298

)

(4,967

)

Pension

562

-

VAT

75,626

41,810

Accrued expenses

22,299

23,749

929,267

952,662

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

360,755

371,331

Finance leases

296,177

414,431

656,932

785,762

10.

RESERVES

Revaluation

reserve

£

At 1 September 2024

and 31 August 2025

647,124

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 August 2025, an amount of £112,200 (2024 £135,477) was due from the directors' which

amount is included within debtors on the balance sheet.