REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 5TH APRIL 2022 TO 30TH APRIL 2023 |
FOR |
WOODS ORTHOTICS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 5TH APRIL 2022 TO 30TH APRIL 2023 |
FOR |
WOODS ORTHOTICS LIMITED |
WOODS ORTHOTICS LIMITED (REGISTERED NUMBER: 14027481) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 5TH APRIL 2022 TO 30TH APRIL 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
WOODS ORTHOTICS LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 5TH APRIL 2022 TO 30TH APRIL 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
25 Grosvenor Road |
Wrexham |
LL11 1BT |
BANKERS: |
250 Bishopsgate |
London |
EC2M 4AA |
WOODS ORTHOTICS LIMITED (REGISTERED NUMBER: 14027481) |
STATEMENT OF FINANCIAL POSITION |
30TH APRIL 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | 10 |
SHAREHOLDERS' FUNDS |
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. |
WOODS ORTHOTICS LIMITED (REGISTERED NUMBER: 14027481) |
STATEMENT OF FINANCIAL POSITION - continued |
30TH APRIL 2023 |
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 Board of Directors and authorised for issue on |
WOODS ORTHOTICS LIMITED (REGISTERED NUMBER: 14027481) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 5TH APRIL 2022 TO 30TH APRIL 2023 |
1. | STATUTORY INFORMATION |
Woods Orthotics Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery | - |
Computer equipment | - |
Taxation |
Taxation for the period 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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
WOODS ORTHOTICS LIMITED (REGISTERED NUMBER: 14027481) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 5TH APRIL 2022 TO 30TH APRIL 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and | Computer |
machinery | equipment | Totals |
£ | £ | £ |
COST |
Additions |
At 30th April 2023 |
DEPRECIATION |
Charge for period |
At 30th April 2023 |
NET BOOK VALUE |
At 30th April 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Directors' current accounts | 4,167 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts (see note 8) |
Tax |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Bank loans (see note 8) |
8. | LOANS |
An analysis of the maturity of loans is given below: |
£ |
Amounts falling due within one year or on demand: |
Bank loans |
Amounts falling due between one and two years: |
Bank loans - 1-2 years |
WOODS ORTHOTICS LIMITED (REGISTERED NUMBER: 14027481) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 5TH APRIL 2022 TO 30TH APRIL 2023 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 100 |
100 Ordinary shares of £1 were issued during the period |
10. | RESERVES |
Retained |
earnings |
£ |
Profit for the period |
Dividends | ( |
) |
At 30th April 2023 |
11. | CAPITAL COMMITMENTS |
£ |
Contracted but not provided for in the |
financial statements |
12. | ULTIMATE CONTROLLING PARTY |
The controlling party is TJ woods and FN Woods. |
13. | COMPARATIVES |
There are no comparatives as this is the first year of trading. |