L G Wood Limited - Accounts to registrar (filleted) - small 18.2

L G Wood Limited - Accounts to registrar (filleted) - small 18.2

L G WOOD LTD - Company Information

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REGISTERED NUMBER: 07162805 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2018

FOR

L G WOOD LIMITED
L G WOOD LIMITED (REGISTERED NUMBER: 07162805)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


L G WOOD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2018







DIRECTOR: L G Wood





SECRETARY: J E Wood





REGISTERED OFFICE: The Granary
Hones Yard
1 Waverley Lane
Farnham
Surrey
GU9 8BB





REGISTERED NUMBER: 07162805 (England and Wales)





ACCOUNTANTS: Maxwell & Co
The Granary
Hones Yard
1 Waverley Lane
Farnham
Surrey
GU9 8BB
Page 1
L G WOOD LIMITED (REGISTERED NUMBER: 07162805)

ABRIDGED BALANCE SHEET
31 JANUARY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,425 42,285

CURRENT ASSETS
Debtors 592,145 517,049
Cash at bank and in hand 142,489 91,588
734,634 608,637
CREDITORS
Amounts falling due within one year 415,822 352,432
NET CURRENT ASSETS 318,812 256,205
TOTAL ASSETS LESS CURRENT
LIABILITIES
368,237
298,490

CREDITORS
Amounts falling due after more than one
year
(36,509
)
(16,741
)

PROVISIONS FOR LIABILITIES (10,234 ) (2,057 )
NET ASSETS 321,494 279,692

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 321,492 279,690
SHAREHOLDERS' FUNDS 321,494 279,692

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 notes form part of these financial statements

Page 2 continued...
L G WOOD LIMITED (REGISTERED NUMBER: 07162805)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2018


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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 15 October 2018 and were signed by:





L Wood - Director


The notes form part of these financial statements

Page 3
L G WOOD LIMITED (REGISTERED NUMBER: 07162805)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018

1. STATUTORY INFORMATION

L G Wood 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipmt - 33% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital
element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company does not operate a pension scheme. Contributions payable to the employees' personal pension
scheme are charged to profit or loss in the period to which they relate.

Page 4 continued...
L G WOOD LIMITED (REGISTERED NUMBER: 07162805)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2017 121,749
Additions 45,364
Disposals (52,927 )
At 31 January 2018 114,186
DEPRECIATION
At 1 February 2017 79,464
Charge for year 17,120
Eliminated on disposal (31,823 )
At 31 January 2018 64,761
NET BOOK VALUE
At 31 January 2018 49,425
At 31 January 2017 42,285

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 February 2017 33,819
Additions 41,765
Disposals (33,819 )
At 31 January 2018 41,765
DEPRECIATION
At 1 February 2017 19,552
Charge for year 10,441
Eliminated on disposal (19,552 )
At 31 January 2018 10,441
NET BOOK VALUE
At 31 January 2018 31,324
At 31 January 2017 14,267

5. ULTIMATE CONTROLLING PARTY

The controlling party is L G Wood.

Page 5