REGISTERED NUMBER: 07517367 (England and Wales)

Financial Statements for the Year Ended 31 March 2026

for

Clem Woodward Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C S Woodward

Mrs L J Woodward

REGISTERED OFFICE:

Paul's House

Tower Street

Taunton

Somerset

TA1 4BH

REGISTERED NUMBER:

07517367 (England and Wales)

ACCOUNTANTS:

Plunkett Yates Limited

1 Charlotte Mews

Pavilion Place

Exeter

Devon

EX2 4HA

FIXED ASSETS

Tangible assets

4

29,350

51,125

CURRENT ASSETS

Debtors

5

219,229

179,744

Cash at bank and in hand

1,021,520

977,602

1,240,749

1,157,346

CREDITORS

Amounts falling due within one year

6

1,245,362

1,116,114

NET CURRENT (LIABILITIES)/ASSETS

(4,613

)

41,232

TOTAL ASSETS LESS CURRENT LIABILITIES

24,737

92,357

CREDITORS

Amounts falling due after more than one year

7

(16,438

)

(72,587

)

PROVISIONS FOR LIABILITIES

(7,338

)

(12,781

)

NET ASSETS

961

6,989

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

960

6,988

SHAREHOLDERS' FUNDS

961

6,989

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 25 August 2026 and were signed on its behalf by:

C S Woodward - Director

1.	STATUTORY INFORMATION

Clem Woodward 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.

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.

Fixtures and fittings

-

25% on cost

Office Equipment

-

33% on cost

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 17 (2025 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Office

machinery

fittings

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

1,499

6,722

108,300

9,138

125,659

Additions

-

-

-

749

749

At 31 March 2026

1,499

6,722

108,300

9,887

126,408

DEPRECIATION

At 1 April 2025

1,499

6,506

57,920

8,609

74,534

Charge for year

-

216

21,660

648

22,524

At 31 March 2026

1,499

6,722

79,580

9,257

97,058

NET BOOK VALUE

At 31 March 2026

-

-

28,720

630

29,350

At 31 March 2025

-

216

50,380

529

51,125

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2025

and 31 March 2026

108,300

DEPRECIATION

At 1 April 2025

57,920

Charge for year

21,660

At 31 March 2026

79,580

NET BOOK VALUE

At 31 March 2026

28,720

At 31 March 2025

50,380

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other debtors

219,229

179,744

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

5,946

11,560

Hire purchase contracts

50,034

13,964

Taxation and social security

170,827

139,949

Other creditors

1,018,555

950,641

1,245,362

1,116,114

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

-

6,115

Hire purchase contracts

16,438

66,472

16,438

72,587

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank loans

5,946

17,615

A personal guarantee has been given by the director, Mr CS Woodward in respect of the bank loan.

9.	OTHER FINANCIAL COMMITMENTS

As at the balance sheet date the company had commitments to operating leases totalling £242,486.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

C S Woodward and Mrs L J Woodward

Balance outstanding at start of year

129,458

129,784

Amounts advanced

30,895

-

Amounts repaid

-

(326

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

160,353

129,458

Interest is charged on the overdrawn directors' loan account at the HMRC Official Rate.