100 Acre Wood Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05233748 (England and Wales)

Unaudited Financial Statements

for the Period 1 October 2018 to 30 November 2018

for

100 Acre Wood Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L Woodman

Mr S Woodman

Mrs J A Johnson

Mr D W Johnson

REGISTERED OFFICE:

Ridgway House

Progress Way

Denton

Manchester

Lancashire

M34 2GP

REGISTERED NUMBER:

05233748 (England and Wales)

ACCOUNTANTS:

Norton Tax Shops Limited

3 & 5 Station Road

Keynsham

Bristol

BS31 2BH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

280,959

282,362

280,959

282,362

CURRENT ASSETS

Debtors

3,062

1,905

Cash at bank

18,273

8,610

21,335

10,515

CREDITORS

Amounts falling due within one year

202,120

188,417

NET CURRENT LIABILITIES

(180,785

)

(177,902

)

TOTAL ASSETS LESS CURRENT LIABILITIES

100,174

104,460

CREDITORS

Amounts falling due after more than one year

(39,446

)

(41,201

)

PROVISIONS FOR LIABILITIES

8

(1,964

)

(1,272

)

NET ASSETS

58,764

61,987

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

10

58,762

61,985

SHAREHOLDERS' FUNDS

58,764

61,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 30 November 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 19 April 2019 and were signed on its behalf by:

Mrs J A Johnson - Director

Mr D W Johnson - Director

1.	STATUTORY INFORMATION

100 Acre Wood 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Long leasehold

-

in accordance with the property

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the period 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 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.

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 period was 33 (2018 - 34 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2018

and 30 November 2018

115,904

AMORTISATION

At 1 October 2018

and 30 November 2018

115,904

NET BOOK VALUE

At 30 November 2018

-

At 30 September 2018

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2018

and 30 November 2018

453,911

DEPRECIATION

At 1 October 2018

171,549

Charge for period

1,403

At 30 November 2018

172,952

NET BOOK VALUE

At 30 November 2018

280,959

At 30 September 2018

282,362

6.

LOANS

An analysis of the maturity of loans is given below:

30.11.18

30.9.18

£

£

Amounts falling due within one year or on demand:

Bank loans

11,364

11,364

Amounts falling due between one and two years:

Bank loans - 1-2 years

39,446

41,201

7.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.18

30.9.18

£

£

Bank loans

50,810

52,565

A legal charge in favour of National Westminster Bank Plc is held over the property at 1 Hawkesbury Road,

Fishponds, Bristol and 3 Hawkesbury Road, Fishponds, Bristol.

8.	PROVISIONS FOR LIABILITIES

30.11.18

30.9.18

£

£

Deferred tax

1,964

1,272

Deferred

tax

£

Balance at 1 October 2018

1,272

Charge to Income Statement during period

692

Balance at 30 November 2018

1,964

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.18

30.9.18

value:

£

£

2

Ordinary

£1

2

2

10.

RESERVES

Retained

earnings

£

At 1 October 2018

61,985

Profit for the period

1,777

Dividends

(5,000

)

At 30 November 2018

58,762

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 November 2018 and the

year ended 30 September 2018:

30.11.18

30.9.18

£

£

Mr S Woodman and Mrs L Woodman

Balance outstanding at start of period

(1,170

)

(26,775

)

Amounts advanced

1,170

25,605

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

(1,170

)

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D W Johnson.