Company Registration No. 6273600 (England and Wales)
Woolnough Contractors Ltd
Unaudited accounts
for the year ended 30 June 2021
Woolnough Contractors Ltd
Unaudited accounts
Contents
Woolnough Contractors Ltd
Company Information
for the year ended 30 June 2021
Directors
Mark Victor Woolnough
Julie Kathleen Woolnough
Company Number
6273600 (England and Wales)
Registered Office
Low Farm
Wenhaston
HALESWORTH
Suffolk
IP19 9EL
UK
Accountants
MBS Accountancy Services Ltd
Garden House, 11 Judith Avenue
Knodishall
SAXMUNDHAM
Suffolk
IP17 1UY
Woolnough Contractors Ltd
Accountants' report
Accountants' report to the board of directors of Woolnough Contractors Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 June 2021.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 30 June 2021. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
MBS Accountancy Services Ltd
Garden House, 11 Judith Avenue
Knodishall
SAXMUNDHAM
Suffolk
IP17 1UY
20 July 2021
Woolnough Contractors Ltd
Statement of financial position
as at
30 June 2021
Intangible assets
36,000
42,000
Tangible assets
437,019
442,451
Cash at bank and in hand
107,835
53,326
Creditors: amounts falling due within one year
(96,335)
(101,767)
Net current assets
209,118
144,198
Total assets less current liabilities
682,137
628,649
Creditors: amounts falling due after more than one year
(20,674)
(13,490)
Provisions for liabilities
Deferred tax
(83,034)
(84,066)
Net assets
578,429
531,093
Called up share capital
100
100
Profit and loss account
578,329
530,993
Shareholders' funds
578,429
531,093
For the year ending 30 June 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 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 20 July 2021 and were signed on its behalf by
Julie Kathleen Woolnough
Director
Company Registration No. 6273600
Woolnough Contractors Ltd
Notes to the Accounts
for the year ended 30 June 2021
Woolnough Contractors Ltd is a private company, limited by shares, registered in England and Wales, registration number 6273600. The registered office is Low Farm, Wenhaston, HALESWORTH, Suffolk, IP19 9EL, UK.
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.
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:
Plant & machinery
20% on reducing balance
Motor vehicles
20% on reducing balance
Fixtures & fittings
20% on reducing balance
Computer equipment
20% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Charge for the year
6,000
Woolnough Contractors Ltd
Notes to the Accounts
for the year ended 30 June 2021
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2020
757,373
180,500
1,287
939,160
Additions
115,600
-
-
115,600
Disposals
(60,500)
-
-
(60,500)
At 30 June 2021
812,473
180,500
1,287
994,260
At 1 July 2020
437,342
58,377
990
496,709
Charge for the year
82,566
15,592
60
98,218
On disposals
(37,686)
-
-
(37,686)
At 30 June 2021
482,222
73,969
1,050
557,241
At 30 June 2021
330,251
106,531
237
437,019
At 30 June 2020
320,031
122,123
297
442,451
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
101,453
92,576
Other debtors
96,165
100,063
7
Creditors: amounts falling due within one year
2021
2020
Trade creditors
72,000
75,587
Taxes and social security
4,934
6,419
Loans from directors
17,551
17,911
8
Creditors: amounts falling due after more than one year
2021
2020
Taxes and social security
20,674
13,490
Woolnough Contractors Ltd
Notes to the Accounts
for the year ended 30 June 2021
9
Deferred taxation
2021
2020
Accelerated capital allowances
83,034
84,066
Provision at start of year
84,066
79,099
(Credited)/charged to the profit and loss account
(1,032)
4,967
Provision at end of year
83,034
84,066
10
Share capital
2021
2020
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Average number of employees
During the year the average number of employees was 3 (2020: 3).