Woodbrooke Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05752464 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2017

for

Woodbrooke Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N Webber

SECRETARY:

Mrs D L Hodge

REGISTERED OFFICE:

Haldon House

4 Castle Road

Torquay

Devon

TQ1 3BG

REGISTERED NUMBER:

05752464 (England and Wales)

FIXED ASSETS

Intangible assets

4

64,350

71,500

Tangible assets

5

6,084

12,259

Investments

6

5,457

5,457

75,891

89,216

CURRENT ASSETS

Stocks

34,173

50,147

Debtors

7

23,268

71,022

Cash at bank

360,679

345,894

418,120

467,063

CREDITORS

Amounts falling due within one year

8

116,508

150,115

NET CURRENT ASSETS

301,612

316,948

TOTAL ASSETS LESS CURRENT LIABILITIES

377,503

406,164

PROVISIONS FOR LIABILITIES

1,156

1,415

NET ASSETS

376,347

404,749

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

376,247

404,649

SHAREHOLDERS' FUNDS

376,347

404,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 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 director on 7 December 2017 and were signed by:

Mr N Webber - Director

1.	STATUTORY INFORMATION

Woodbrooke 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Where goods are partially complete at the year end an amount equal to the work completed at the balance sheet

date is recognised as income.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

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.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2016 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2016

and 30 September 2017

143,000

AMORTISATION

At 1 October 2016

71,500

Charge for year

7,150

At 30 September 2017

78,650

NET BOOK VALUE

At 30 September 2017

64,350

At 30 September 2016

71,500

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2016

12,805

20,318

33,123

Additions

-

1,729

1,729

At 30 September 2017

12,805

22,047

34,852

DEPRECIATION

At 1 October 2016

6,929

13,935

20,864

Charge for year

5,876

2,028

7,904

At 30 September 2017

12,805

15,963

28,768

NET BOOK VALUE

At 30 September 2017

-

6,084

6,084

At 30 September 2016

5,876

6,383

12,259

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2017

2016

£

£

Paintings

4,397

4,397

Registration number

1,060

1,060

5,457

5,457

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

21,055

66,325

Other debtors

2,213

4,697

23,268

71,022

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

43,284

70,632

Taxation and social security

32,057

49,555

Other creditors

41,167

29,928

116,508

150,115

9.	OTHER FINANCIAL COMMITMENTS

The company has total financial commitments under operating leases totalling £35,625 (2016 £6,625) falling due

over the duration of the leases.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2017 and

30 September 2016:

2017

2016

£

£

Mr N Webber

Balance outstanding at start of year

(22,235

)

94,223

Amounts advanced

59,660

33,527

Amounts repaid

(65,296

)

(149,985

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(27,871

)

(22,235

)

The loans are unsecured, repayable on demand and interest is charged at 2.50% - 3.00% on overdrawn

balances.

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £51,837 (2016 - £87,300) were paid to the director .