Woodside Homes Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC313758 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Woodside Homes Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R W Baird

I P Darby

Mrs B H Ashton

I P Wardle

SECRETARY:

Mrs S E Blaeford

REGISTERED OFFICE:

95 South Woodside Road

Glasgow

Lanarkshire

G20 6NT

REGISTERED NUMBER:

SC313758 (Scotland)

ACCOUNTANTS:

Blaeford Richardson

Victoria Building

14 Elwin Lane

Darlington

Co. Durham

DL1 5RX

CURRENT ASSETS

Stocks

34,191

Debtors

3

262

34,453

CREDITORS

Amounts falling due within one year

4

73,985

73,535

NET CURRENT LIABILITIES

(39,532

)

(39,082

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(39,532

)

(39,082

)

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

(40,532

)

(40,082

)

SHAREHOLDERS' FUNDS

(39,532

)

(39,082

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 27 December 2019 and were signed on its behalf
by:

R W Baird - Director

Mrs B H Ashton - Director

1.	STATUTORY INFORMATION

Woodside Homes Ltd is a private company, limited by shares , registered in Scotland. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

Directors' current accounts

262

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

Loan canon & kirk

70,000

Trade creditors

3,673

1,985

Accrued expenses

312

1,550

73,985

73,535

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2019 and

31 March 2018:

31.3.19

31.3.18

£

R W Baird

Balance outstanding at start of year

132

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

132

I P Darby

Balance outstanding at start of year

130

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

130

The company has a loan to provide working capital from Canon & Kirk which is controlled by Michael Canon

and Owen Kirk. This will be repaid once land options held in stock are sold.

Woodside Homes Ltd - Accounts to registrar (filleted) - small 18.2

Woodside Homes Ltd - Accounts to registrar (filleted) - small 18.2