1 April 2025 v2026.30.1 limited_company_frs_102_section_1a_v1_1_3 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP156479662025-04-012026-03-31156479662026-03-31156479662025-03-3115647966core:WithinOneYear2026-03-3115647966core:WithinOneYear2025-03-3115647966core:AfterOneYear2025-03-3115647966core:ShareCapital2026-03-3115647966core:ShareCapital2025-03-3115647966core:RetainedEarningsAccumulatedLosses2026-03-3115647966core:RetainedEarningsAccumulatedLosses2025-03-3115647966bus:Director12025-04-012026-03-3115647966bus:Director22025-04-012026-03-3115647966bus:RegisteredOffice2025-04-012026-03-3115647966core:NetGoodwill2025-04-012026-03-3115647966core:Goodwill2025-04-012026-03-3115647966core:FurnitureFittings2025-04-012026-03-31156479662024-04-152025-03-3115647966core:NetGoodwill2026-03-3115647966core:NetGoodwill2025-04-0115647966core:NetGoodwill2025-03-3115647966core:PlantMachinery2025-04-0115647966core:PlantMachinery2025-04-012026-03-3115647966core:PlantMachinery2026-03-3115647966core:PlantMachinery2025-03-311564796612025-04-012026-03-3115647966countries:EnglandWales2025-04-012026-03-3115647966bus:AuditExemptWithAccountantsReport2025-04-012026-03-3115647966bus:PrivateLimitedCompanyLtd2025-04-012026-03-3115647966bus:SmallEntities2025-04-012026-03-3115647966bus:FullAccounts2025-04-012026-03-31
Company registration number:
15647966
The P Woodforde Ltd
Unaudited Filleted Financial Statements for the year ended
31 March 2026
The P Woodforde Ltd
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of The P Woodforde Ltd
Year ended
31 March 2026
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
The P Woodforde Ltd
for the year ended
31 March 2026
which comprise the income statement, statement of financial position, statement of changes in equity and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
The P Woodforde Ltd
, as a body, in accordance with the terms of my engagement letter dated 5 June 2024. My work has been undertaken solely to prepare for your approval the
financial statements
of
The P Woodforde Ltd
and state those matters that I have agreed to state to the Board of Directors of
The P Woodforde Ltd
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
The P Woodforde Ltd
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
The P Woodforde Ltd
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
The P Woodforde Ltd
. You consider that
The P Woodforde Ltd
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of The P Woodforde Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Ian Nelson BFP FCA CT CLCA
t/a VFM Direct 2U
Karinya,
Bungay Rd,
Norwich
Norfolk
NR15 2NG
United Kingdom
Date:
5 August 2026
The P Woodforde Ltd
Statement of Financial Position
31 March 2026
20262025
Note££
Fixed assets    
Intangible assets 5
37,537
 
42,087
 
Tangible assets 6
19,947
 
22,995
 
57,484
 
65,082
 
Current assets    
Stocks
26,000
 
24,200
 
Debtors 7
3,276
 
3,306
 
Cash at bank and in hand
173,692
 
143,526
 
202,968
 
171,032
 
Creditors: amounts falling due within one year 8
(158,909
 )
(130,098
 )
Net current assets
44,059
 
40,934
 
Total assets less current liabilities 101,543   106,016  
Creditors: amounts falling due after more than one year 9 -  
(38,485
 )
Provisions for liabilities
(4,987
 )
(5,749
 )
Net assets
96,556
 
61,782
 
Capital and reserves    
Called up share capital
2
 
2
 
Profit and loss account
96,554
 
61,780
 
Shareholders funds
96,556
 
61,782
 
For the year ending
31 March 2026
, 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.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
5 August 2026
, and are signed on behalf of the board by:
M Snelling
M Bradford
DirectorDirector
Company registration number:
15647966
The P Woodforde Ltd
Notes to the Financial Statements
Year ended
31 March 2026

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
38 Suffolk Square
,
Norwich
,
Norfolk
,
NR2 2AA
, United Kingdom.

2 Statement of compliance

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

3 Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The financial statements are presented in sterling which is the functional currency of the and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
The following accounting policies have been applied:

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:
Sale of goods
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
- the has transferred the significant risks and rewards of ownership to the buyer;
- the retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of turnover can be measured reliably;
- it is probable that the will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of turnover can be measured reliably;
- it is probable that the will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Current and deferred tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
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 income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Income Statement over its useful economic life. All intangible assets are considered to have a finite useful life.
If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill
10% straight line

Tangible assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
20% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to sell. Provision is made for slow-moving, obsolete or damaged stock where net realisable value is less than cost.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Income Statement in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

Defined contribution pension plan

The operates a defined contribution plan for its employees. a defined contribution plan is a pension plan under which the pays fixed contributions into a separate entity. Once the contributions have been paid the has no further payment obligations.
The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the in independently administered funds.

4 Average number of employees

The average number of persons employed by the company during the year was
31
(2025:
31.00
).

5 Intangible assets

Goodwill
£
Cost  
At
1 April 2025
and
31 March 2026
45,500
 
Amortisation  
At
1 April 2025
3,413
 
Charge
4,550
 
At
31 March 2026
7,963
 
Carrying amount  
At
31 March 2026
37,537
 
At 31 March 2025
42,087
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 April 2025
27,053
 
Additions
472
 
At
31 March 2026
27,525
 
Depreciation  
At
1 April 2025
4,058
 
Charge
3,520
 
At
31 March 2026
7,578
 
Carrying amount  
At
31 March 2026
19,947
 
At 31 March 2025
22,995
 

7 Debtors

20262025
££
Other debtors
3,276
 
3,306
 

8 Creditors: amounts falling due within one year

20262025
££
Bank loans and overdrafts -  
3,594
 
Trade creditors
12,605
 
22,868
 
Taxation and social security
68,173
 
65,543
 
Other creditors
78,131
 
38,093
 
158,909
 
130,098
 

9 Creditors: amounts falling due after more than one year

20262025
££
Bank loans and overdrafts -  
38,485
 

10 Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

11 Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

12 Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

13 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholder.