Company Registration No. 08937843 (England and Wales)
First Wood Works Limited
Unaudited accounts
for the year ended 31 March 2021
First Wood Works Limited
Unaudited accounts
Contents
First Wood Works Limited
Company Information
for the year ended 31 March 2021
Company Number
08937843 (England and Wales)
Registered Office
220 CHORLEY NEW ROAD
BOLTON
BL1 5AA
Accountants
J F Balshaw & Co
20 Old Kiln Lane
Heaton
Bolton
Lancashire
BL1 5PD
First Wood Works Limited
Statement of financial position
as at 31 March 2021
Tangible assets
2,146
2,682
Cash at bank and in hand
6,011
7,741
Creditors: amounts falling due within one year
(57,258)
(70,425)
Net current assets
24,460
13,023
Called up share capital
1
1
Profit and loss account
26,606
15,705
Shareholders' funds
26,607
15,706
For the year ending 31 March 2021 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 director acknowledges her 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.
The financial statements were approved by the Board and authorised for issue on 18 November 2021 and were signed on its behalf by
Mrs H Statham
Director
Company Registration No. 08937843
First Wood Works Limited
Notes to the Accounts
for the year ended 31 March 2021
First Wood Works Limited is a private company, limited by shares, registered in England and Wales, registration number 08937843. The registered office is 220 CHORLEY NEW ROAD, BOLTON, BL1 5AA.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Investments in associated companies
Investments in associated companies are measured at cost.
4
Tangible fixed assets
Plant & machinery
First Wood Works Limited
Notes to the Accounts
for the year ended 31 March 2021
5
Investments
Other investments
Valuation at 1 April 2020
1
Valuation at 31 March 2021
1
Investment in associated company, Principle Homes Limited.
6
Investments held as current assets
2021
2020
Unlisted investments
75,707
75,707
7
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
2,682
865
Other creditors
54,431
69,420
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Transactions with related parties
The company has loaned an amount of £75,707 (2020 £75,707) to an associated company, Principle Homes Limited. The loan is interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 1 (2020: 1).
