Company Registration No. SC241458 (Scotland)
WOODBAY LIMITED
Unaudited accounts
for the year ended 31 March 2019
WOODBAY LIMITED
Unaudited accounts
Contents
WOODBAY LIMITED
Company Information
for the year ended 31 March 2019
Directors
Mr N Wanless
Mrs L Wanless
Mr B Collins
Company Number
SC241458 (Scotland)
Registered Office
98 Eglinton Road
Ardrossan
Ayrshire
KA22 8NN
Scotland
Accountants
McMorland & Co FTCA Limited
24 York Street
Ayr
KA8 8AZ
WOODBAY LIMITED
Statement of financial position
as at 31 March 2019
Tangible assets
2,207,327
2,273,504
Cash at bank and in hand
225,137
91,059
Creditors: amounts falling due within one year
(191,029)
(195,574)
Net current assets/(liabilities)
72,977
(25,431)
Total assets less current liabilities
2,280,304
2,248,073
Creditors: amounts falling due after more than one year
(278,347)
(398,083)
Provisions for liabilities
Deferred tax
(4,163)
(5,858)
Net assets
1,997,794
1,844,132
Called up share capital
80
80
Profit and loss account
1,997,714
1,844,052
Shareholders' funds
1,997,794
1,844,132
For the year ending 31 March 2019 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 11 April 2019.
Mr N Wanless
Director
Company Registration No. SC241458
WOODBAY LIMITED
Notes to the Accounts
for the year ended 31 March 2019
WOODBAY LIMITED is a private company, limited by shares, registered in Scotland, registration number SC241458. The registered office is 98 Eglinton Road, Ardrossan, Ayrshire, KA22 8NN, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2018
2,764,911
46,118
421,495
3,232,524
At 31 March 2019
2,764,911
53,618
421,495
3,240,024
At 1 April 2018
559,302
31,583
368,135
959,020
Charge for the year
55,298
5,039
13,340
73,677
At 31 March 2019
614,600
36,622
381,475
1,032,697
At 31 March 2019
2,150,311
16,996
40,020
2,207,327
At 31 March 2018
2,205,609
14,535
53,360
2,273,504
Trade debtors
38,869
79,084
WOODBAY LIMITED
Notes to the Accounts
for the year ended 31 March 2019
6
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
100,677
100,676
Taxes and social security
90,352
94,029
7
Creditors: amounts falling due after more than one year
2019
2018
Bank loans
278,347
398,083
Allotted, called up and fully paid:
80 Ordinary shares of £1 each
80
80
9
Average number of employees
During the year the average number of employees was 130 (2018: 133).
