Woodbrook Precision Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05778217 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

FOR

WOODBROOK PRECISION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

C Hogg

S Hogg

Mrs R Hogg

SECRETARY:

C Hogg

REGISTERED OFFICE:

Unit 1, Winton Street

Ashton under Lyne

Lancashire

OL6 8NL

REGISTERED NUMBER:

05778217 (England and Wales)

ACCOUNTANTS:

Beaumont & Co

Suite 5

Martland Mill

Mart Lane

Burscough

Lancashire

L40 0SD

FIXED ASSETS

Tangible assets

4

734,118

487,931

CURRENT ASSETS

Stocks

11,284

10,843

Debtors

5

101,723

106,912

Cash at bank and in hand

3,582

111,466

116,589

229,221

CREDITORS

Amounts falling due within one year

6

209,487

169,527

NET CURRENT (LIABILITIES)/ASSETS

(92,898

)

59,694

TOTAL ASSETS LESS CURRENT LIABILITIES

641,220

547,625

CREDITORS

Amounts falling due after more than one year

7

244,337

319,088

NET ASSETS

396,883

228,537

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

396,880

228,534

SHAREHOLDERS' FUNDS

396,883

228,537

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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.

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 August 2019 and were signed on its behalf by:

C Hogg - Director

1.	STATUTORY INFORMATION

Woodbrook Precision 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.

Tangible fixed assets

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2018 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2018

23,016

724,296

747,312

Additions

70,000

267,973

337,973

Disposals

-

(191,511

)

(191,511

)

At 30 April 2019

93,016

800,758

893,774

DEPRECIATION

At 1 May 2018

-

259,381

259,381

Charge for year

-

91,786

91,786

Eliminated on disposal

-

(191,511

)

(191,511

)

At 30 April 2019

-

159,656

159,656

NET BOOK VALUE

At 30 April 2019

93,016

641,102

734,118

At 30 April 2018

23,016

464,915

487,931

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade debtors

101,723

106,912

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Hire purchase contracts

56,736

48,025

Trade creditors

84,778

88,305

Taxation and social security

18,664

2,484

Other creditors

49,309

30,713

209,487

169,527

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.19

30.4.18

£

£

Hire purchase contracts

244,337

319,088

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2019 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Beaumont & Co

Suite 5

Martland Mill

Mart Lane

Burscough

Lancashire

L40 0SD

19 August 2019