Deep In Wood Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07478541

DEEP IN WOOD LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2026

DEEP IN WOOD LIMITED

BALANCE SHEET

31 March 2026

	2026		2025
Note	£	£	£	£

FIXED ASSETS

Tangible assets	4		174,880		148,968

CURRENT ASSETS

Stocks		504,493	540,470
Debtors	5	129,715	127,418
Cash at bank and in hand		378,920	301,720
		-----------	--------
		1,013,128	969,608

CREDITORS: amounts falling due within one year	6	( 156,050)		( 145,892)
		-----------		--------
NET CURRENT ASSETS			857,078		823,716
			-----------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			1,031,958		972,684

PROVISIONS

Taxation including deferred tax	( 43,720)	( 28,304)
	-----------	--------
NET ASSETS	988,238	944,380
	-----------	--------

CAPITAL AND RESERVES

Called up share capital	7	179,000	179,000
Profit and loss account		809,238	765,380
		--------	--------
SHAREHOLDERS FUNDS		988,238	944,380
		--------	--------

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 profit and loss account has not been delivered.

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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 18 August 2026 , and are signed on behalf of the board by:

J Binning
Director

Company registration number: 07478541

DEEP IN WOOD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Crossways Business Centre, Bicester Road, Aylesbury, HP18 0RA.

2. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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 and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:

Plant and machinery	-	25% straight line
Motor vehicles	-	25% straight line
Office Equipment	-	25% straight line

Impairment of fixed assets

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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.

3. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2025: 1 ).

4. Tangible assets

	Plant and machinery	Equipment	Total
	£	£	£
Cost
At 1 April 2025	367,132	7,796	374,928
Additions	80,100	2,367	82,467
Disposals	( 5,200)	–	( 5,200)
	--------	-------	--------
At 31 March 2026	442,032	10,163	452,195
	--------	-------	--------
Depreciation
At 1 April 2025	218,668	7,292	225,960
Charge for the year	54,793	462	55,255
Disposals	( 3,900)	–	( 3,900)
	--------	-------	--------
At 31 March 2026	269,561	7,754	277,315
	--------	-------	--------
Carrying amount
At 31 March 2026	172,471	2,409	174,880
	--------	-------	--------
At 31 March 2025	148,464	504	148,968
	--------	-------	--------

5. Debtors

	2026	2025
	£	£
Trade debtors	129,028	121,978
Other debtors	687	5,440
	--------	--------
	129,715	127,418
	--------	--------

6. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	540	3,419
Corporation tax	10,060	9,474
Social security and other taxes	2,271	298
Other creditors	143,179	132,701
	--------	--------
	156,050	145,892
	--------	--------

7. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	179,000	179,000	179,000	179,000
	--------	--------	--------	--------