WOODBAY LIMITED

WOODBAY LIMITED

WOODBAY LIMITED - Company Information

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1 April 2021 false No description of principal activity Taxfiler 2022.4.1 SC241458business:PrivateLimitedCompanyLtd2021-04-012022-03-31 SC2414582021-03-31 SC2414582021-04-012022-03-31 SC241458business:AuditExemptWithAccountantsReport2021-04-012022-03-31 SC241458business:FullAccounts2021-04-012022-03-31 SC2414582022-03-31 SC241458business:Director12021-04-012022-03-31 SC241458business:Director22021-04-012022-03-31 SC241458business:Director32021-04-012022-03-31 SC241458business:CompanySecretary12021-04-012022-03-31 SC241458business:RegisteredOffice2021-04-012022-03-31 SC2414582021-03-31 SC241458core:WithinOneYear2022-03-31 SC241458core:WithinOneYear2021-03-31 SC241458core:ShareCapital2022-03-31 SC241458core:ShareCapital2021-03-31 SC241458core:RetainedEarningsAccumulatedLosses2022-03-31 SC241458core:RetainedEarningsAccumulatedLosses2021-03-31 SC241458business:SmallEntities2021-04-012022-03-31 SC241458countries:Scotland2021-04-012022-03-31 SC241458core:LandBuildings2021-04-012022-03-31 SC241458core:MotorVehicles2021-04-012022-03-31 SC241458core:FurnitureFittings2021-04-012022-03-31 SC241458core:LandBuildings2021-03-31 SC241458core:MotorVehicles2021-03-31 SC241458core:FurnitureFittings2021-03-31 SC241458core:LandBuildings2022-03-31 SC241458core:MotorVehicles2022-03-31 SC241458core:FurnitureFittings2022-03-31 SC241458business:OrdinaryShareClass12021-04-012022-03-31 SC241458business:OrdinaryShareClass12020-04-012021-03-31 SC2414582020-04-012021-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC241458 (Scotland)
WOODBAY LIMITED Unaudited accounts for the year ended 31 March 2022
WOODBAY LIMITED Unaudited accounts Contents
Page
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WOODBAY LIMITED Company Information for the year ended 31 March 2022
Directors
Mr N Wanless Mrs L Wanless Mr B Collins
Secretary
Nigel Wanless
Company Number
SC241458 (Scotland)
Registered Office
98 Eglinton Road Ardrossan Ayrshire KA22 8NN Scotland
Accountants
McMorland & Co FTCA Limited 24 York Street Ayr KA8 8AZ
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WOODBAY LIMITED Accountants' report
Accountants' report to the board of directors of WOODBAY LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 March 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of WOODBAY LIMITED for the year ended 31 March 2022 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of WOODBAY LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of WOODBAY LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than WOODBAY LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that WOODBAY LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of WOODBAY LIMITED. You consider that WOODBAY LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of WOODBAY LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
McMorland & Co FTCA Limited 24 York Street Ayr KA8 8AZ 3 May 2022
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WOODBAY LIMITED Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,025,316 
2,087,752 
Current assets
Debtors
5
53,121 
39,116 
Cash at bank and in hand
1,348,126 
901,873 
1,401,247 
940,989 
Creditors: amounts falling due within one year
6
(176,558)
(166,363)
Net current assets
1,224,689 
774,626 
Total assets less current liabilities
3,250,005 
2,862,378 
Provisions for liabilities
Deferred tax
(6,413)
(7,471)
Net assets
3,243,592 
2,854,907 
Capital and reserves
Called up share capital
7
80 
80 
Profit and loss account
3,243,512 
2,854,827 
Shareholders' funds
3,243,592 
2,854,907 
For the year ending 31 March 2022 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 directors acknowledge their 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 of Directors and authorised for issue on 3 May 2022 and were signed on its behalf by
Mr N Wanless Director Company Registration No. SC241458
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WOODBAY LIMITED Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
WOODBAY LIMITED is a private company, limited by shares, registered in Scotland, registration number SC241458. The registered office is 98 Eglinton Road, Ardrossan, Ayrshire, KA22 8NN, Scotland.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Government grants
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Taxation
Taxation for the year comprises current 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 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.
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WOODBAY LIMITED Notes to the Accounts for the year ended 31 March 2022
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2021
2,764,911 
31,693 
443,323 
3,239,927 
Additions
- 
- 
5,771 
5,771 
At 31 March 2022
2,764,911 
31,693 
449,094 
3,245,698 
Depreciation
At 1 April 2021
725,207 
22,720 
404,248 
1,152,175 
Charge for the year
55,298 
2,243 
10,666 
68,207 
At 31 March 2022
780,505 
24,963 
414,914 
1,220,382 
Net book value
At 31 March 2022
1,984,406 
6,730 
34,180 
2,025,316 
At 31 March 2021
2,039,704 
8,973 
39,075 
2,087,752 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
35,770 
25,911 
Accrued income and prepayments
17,351 
13,205 
53,121 
39,116 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
9,454 
- 
Taxes and social security
150,085 
146,922 
Accruals
17,019 
19,441 
176,558 
166,363 
7
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
80 Ordinary shares of £1 each
80 
80 
8
Average number of employees
During the year the average number of employees was 121 (2021: 121).
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