Woodbrim Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

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Woodbrim Limited

Balance Sheet

As At 31 January 2026

Balance Sheet

Registered number: 02313502

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		1,888,879		1,908,592

			1,888,879		1,908,592
CURRENT ASSETS
Stocks	6	568,031		582,419
Debtors	7	49,329		24,307
Cash at bank and in hand		1,714		1,348

		619,074		608,074
Creditors: Amounts Falling Due Within One Year	8	(344,486 )		(349,045 )

NET CURRENT ASSETS (LIABILITIES)			274,588		259,029

TOTAL ASSETS LESS CURRENT LIABILITIES			2,163,467		2,167,621

Creditors: Amounts Falling Due After More Than One Year	9		(322,081 )		(322,300 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(20,709 )		(23,066 )

NET ASSETS			1,820,677		1,822,255

CAPITAL AND RESERVES
Called up share capital	12		100,000		100,000
Revaluation reserve			971,982		981,982
Profit and Loss Account			748,695		740,273

SHAREHOLDERS' FUNDS			1,820,677		1,822,255

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Woodbrim Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Simon Russell Director	Mr Nicholas Russell Director
17 September 2026

The notes on pages 4 to 7 form part of these financial statements.

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Woodbrim Limited

Notes to the Financial Statements

For The Year Ended 31 January 2026

Notes to the Financial Statements

1. General Information

Woodbrim Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02313502 . The registered office is The Corner Shop, Main Road, Windermere, Cumbria, LA23 1PY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	1% straight line
Motor Vehicles	20% straight line
Fixtures & Fittings	20% straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Woodbrim Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 28 (2025: 30)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 February 2025	570,440

As at 31 January 2026	570,440

Amortisation
As at 1 February 2025	570,440

As at 31 January 2026	570,440

Net Book Value
As at 31 January 2026	-

As at 1 February 2025	-

5. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 February 2025	1,900,000	16,265	124,383	2,040,648
Additions	-	-	2,585	2,585

As at 31 January 2026	1,900,000	16,265	126,968	2,043,233

Depreciation
As at 1 February 2025	-	16,265	115,791	132,056
Provided during the period	19,000	-	3,298	22,298

As at 31 January 2026	19,000	16,265	119,089	154,354

Net Book Value
As at 31 January 2026	1,881,000	-	7,879	1,888,879

As at 1 February 2025	1,900,000	-	8,592	1,908,592

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Woodbrim Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:

	Land & Property
	Freehold
	£
Cost	879,100
Accumulated depreciation and impairment	8,791

Carrying amount	870,309

6. Stocks

	2026	2025
	£	£
Stock	568,031	582,419

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	500	812
Other debtors	48,829	23,495

	49,329	24,307

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	116,077	115,617
Bank loans and overdrafts	124,327	131,738
Other creditors	14,201	16,308
Taxation and social security	89,881	85,382

	344,486	349,045

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	322,081	322,300

10. Secured Creditors

Of the creditors the following amounts are secured.

	2026		2025
	£		£
Bank loans and overdrafts	446,408		454,038

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Woodbrim Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

11. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 February 2025	23,066	23,066
Reversals	(2,357 )	(2,357)

Balance at 31 January 2026	20,709	20,709

12. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100,000	100,000

13. Controlling Party

The company's controlling party is Mr Simon Russell, a Director of the Company by virtue of his ownership of 90% of the issued share capital in the company.

14. Prior Year Adjustment

The prior years balance sheet has been adjusted to take effect of the provision for deferred taxation arsing on the revaluation of the Company's freehold property and the release to the Profit and Loss reserve for the reversal of the increased depreciation charged through the profit and loss account on the revalued freehold property in prior years. The effect of this adjustment was to increase the provision for deferred taxation by £20,918, increase the Profit and Loss Reserve by £400,020 and reduce the Revaluation Reserve by £420,938. There was no effect on the reported Profit for the year.

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Directors	Mr Simon Russell
	Mr Nicholas Russell

Company Number	02313502

Registered Office	The Corner Shop
	Main Road
	Windermere
	Cumbria
	LA23 1PY

Accountants	Paramount Accountancy WS Ltd
	12 Greenhead Road
	Huddersfield
	West Yorkshire
	HD1 4EN