Woodground Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05475401 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

WOODGROUND LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R S Myers

SECRETARY:

Mr S J Marsland

REGISTERED OFFICE:

Unit 4

Brunel Buildings

Brunel Road

Newton Abbot

Devon

TQ12 4PB

REGISTERED NUMBER:

05475401 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Unit 4

Brunel Buildings

Brunel Road

Newton Abbot

Devon

TQ12 4PB

BANKERS:

Natwest

59 High Street

Exeter

Devon

EX3 3DL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

17,940

20,938

17,940

20,938

CURRENT ASSETS

Debtors

6

58,802

60,532

Cash at bank

177

212

58,979

60,744

CREDITORS

Amounts falling due within one year

7

46,453

37,564

NET CURRENT ASSETS

12,526

23,180

TOTAL ASSETS LESS CURRENT LIABILITIES

30,466

44,118

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

30,366

44,018

SHAREHOLDERS' FUNDS

30,466

44,118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 on 13 December 2019 and were signed by:

Mr R S Myers - Director

1.	STATUTORY INFORMATION

Woodground 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 represents net fees received adjusted for opening and closing debtors.

Goodwill

The goodwill was acquired in 2006 and has been written down to £nil.

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.

Short leasehold

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2018 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2018

and 30 September 2019

80,000

AMORTISATION

At 1 October 2018

and 30 September 2019

80,000

NET BOOK VALUE

At 30 September 2019

-

At 30 September 2018

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2018

55,987

21,095

2,226

79,308

Additions

-

167

-

167

At 30 September 2019

55,987

21,262

2,226

79,475

DEPRECIATION

At 1 October 2018

40,292

15,852

2,226

58,370

Charge for year

2,354

811

-

3,165

At 30 September 2019

42,646

16,663

2,226

61,535

NET BOOK VALUE

At 30 September 2019

13,341

4,599

-

17,940

At 30 September 2018

15,695

5,243

-

20,938

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

1,750

1,750

Directors' current accounts

55,552

57,282

Prepayments

1,500

1,500

58,802

60,532

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

11,721

1,585

Payments on account

6,500

6,500

Trade creditors

850

850

Tax

11,173

13,946

Social security and other taxes

1,056

218

Accrued expenses

15,153

14,465

46,453

37,564

8.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank overdrafts

11,721

1,585

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

30 September 2019 and 30 September 2018:

2019

2018

£

£

Mr R S Myers

Balance outstanding at start of year

57,282

46,479

Amounts advanced

59,758

55,437

Amounts repaid

(61,488

)

(44,634

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

55,552

57,282

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.