Woodhart Group Limited - Accounts to registrar (filleted) - small 18.2

Woodhart Group Limited - Accounts to registrar (filleted) - small 18.2

WOODHART GROUP LIMITED - Company Information

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REGISTERED NUMBER: 10214683 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

WOODHART GROUP LIMITED
WOODHART GROUP LIMITED (BY SHARES) (REGISTERED NUMBER: 10214683)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020




Page

Company Information 1

Balance Sheet 2


WOODHART GROUP LIMITED (BY SHARES)

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2020







DIRECTORS: M Woodhart
B Woodhart





REGISTERED OFFICE: Woodhart House
Unit 4 Carlton Terrace
Portslade
East Sussex
BN41 1XF





REGISTERED NUMBER: 10214683 (England and Wales)





ACCOUNTANTS: Cardens Accountants LLP
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ
Page 1
WOODHART GROUP LIMITED (BY SHARES) (REGISTERED NUMBER: 10214683)

BALANCE SHEET
31 MARCH 2020

2020 2019
£    £    £    £   
FIXED ASSETS 8 8

CURRENT ASSETS 133,006 38,819

CREDITORS
Amounts falling due within one year (132,936 ) (39,714 )
NET CURRENT ASSETS/(LIABILITIES) 70 (895 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
78
(887
)

CAPITAL AND RESERVES 78 (887 )

NOTES TO THE FINANCIAL STATEMENTS

1. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was NIL (2019 - 2 ) .

2. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, M Woodhart increased his loan to the company. As at 31 March 2020, the company owed him £59,473 (2019 £19,455). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

During the year, B Woodhart increased his loan to the company. As at 31 March 2020, the company owed him £56,640 (2019 £19,455). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

3. OTHER FINANCIAL COMMITMENTS

Just prior to the balance sheet date an outbreak of COVID-19 virus occurred causing a global pandemic recognised by the World health Organisation (WHO).

The effect of UK government measures to limit the spread of the virus have been widespread, urging people to remain at home wherever possible, including working from home if available and undertake social distancing measures. Part of the measures have been to close all non essential businesses from opening to the public and ensuring social distancing takes place in the work place if unable to work from home.

The building industry is considered a essential business and so large scale works and smaller scale works where social distancing measures can be observed are still allowed to operate.

Due to the above restrictions availability of subcontractors and the amount allowed to work on one site reduced significantly. This coupled with the reduction in sales due to a reduction in consumer spending and the ability to enter properties and sites has presented a difficult final few weeks for the business, it is also likely to continue post balance sheet date as pandemic still remains active.

The affects also extend to the business's premises with social distancing and office closures disrupting business procedures while the business adapts to the changing situation.

The management has assessed the impact of the above measures on the business and will have to wait further announcements by the government before making any further decisions for the office procedures and allowing more flexibility on the work sites.

The directors continue to monitor the situation as it rapidly changes and believe the company is positioned well to react to further developments.



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WOODHART GROUP LIMITED (BY SHARES) (REGISTERED NUMBER: 10214683)

BALANCE SHEET - continued
31 MARCH 2020


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2021 and were signed on its behalf by:




B Woodhart - Director



M Woodhart - Director


Page 3