REGISTERED NUMBER: 07162805 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2026

FOR

L G WOOD LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L G Wood

SECRETARY:

Mrs J E Wood

REGISTERED OFFICE:

Old Halls Barn

Brows Farm Business Park

Farnham Road

Liss

Hampshire

GU33 6JG

REGISTERED NUMBER:

07162805 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

118,684

235,168

CURRENT ASSETS

Debtors

5

495,499

1,008,708

Cash at bank and in hand

53,796

42,992

549,295

1,051,700

CREDITORS

Amounts falling due within one year

6

263,536

783,548

NET CURRENT ASSETS

285,759

268,152

TOTAL ASSETS LESS CURRENT LIABILITIES

404,443

503,320

CREDITORS

Amounts falling due after more than one year

7

-

(63,164

)

PROVISIONS FOR LIABILITIES

(19,875

)

(31,502

)

NET ASSETS

384,568

408,654

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

384,468

408,554

384,568

408,654

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th September 2026 and were signed by:

L G Wood - Director

1.	STATUTORY INFORMATION

L G Wood Ltd 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.

Plant and machinery

-

33% on reducing balance and 25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office Equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

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 5 (2025 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Office

machinery

fittings

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1st February 2025

94,499

2,569

304,984

39,127

441,179

Additions

1,038

-

-

2,360

3,398

Disposals

-

-

(156,743

)

(5,830

)

(162,573

)

At 31st January 2026

95,537

2,569

148,241

35,657

282,004

DEPRECIATION

At 1st February 2025

58,480

1,358

120,248

25,925

206,011

Charge for year

9,114

303

46,184

4,824

60,425

Eliminated on disposal

-

-

(98,054

)

(5,062

)

(103,116

)

At 31st January 2026

67,594

1,661

68,378

25,687

163,320

NET BOOK VALUE

At 31st January 2026

27,943

908

79,863

9,970

118,684

At 31st January 2025

36,019

1,211

184,736

13,202

235,168

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

205,773

564,872

Amounts owed by group undertakings

172,962

128,123

Other debtors

9,000

11,116

CIS tax suffered

107,264

287,518

VAT

-

15,912

Prepayments and accrued income

500

1,167

495,499

1,008,708

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

18,750

45,000

Hire purchase contracts

44,414

83,845

Trade creditors

58,117

154,374

Amounts owed to group undertakings

52,840

-

Tax

6,205

192,187

Social security and other taxes

46,901

138,495

VAT

1,595

-

Other creditors

-

(257

)

CIS tax deducted

27,407

141,907

Directors' current accounts

-

36

Accruals and deferred income

7,307

27,961

263,536

783,548

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

-

18,750

Hire purchase contracts

-

44,414

-

63,164

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

18,750

63,750

Hire purchase contracts

44,414

128,259

63,164

192,009

The hire purchase liabilities are secured against the assets to which they relate to.

The bank have a fixed and floating charge over all assets of the company dated 28 September 2020.

9.	OTHER FINANCIAL COMMITMENTS

Future commitments for operating leases ending with one year total £64,050 (2025: £80,396) and for those ending in more than one year £16,526 (2025: £24,941).

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2026 and 31st January 2025:

2026

2025

£

£

L G Wood

Balance outstanding at start of year

(35

)

(280

)

Amounts advanced

5,118

2,245

Amounts repaid

(5,083

)

(2,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(35

)

Interest has been charged at HM Revenue and Customs stated rate on advances to the director.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is MEC Holdings Limited.

MEC Holdings Limited has no ultimate controlling party. A number of shareholders can combine to hold a controlling interest.