REPORT OF THE DIRECTORS AND
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD
1 JANUARY 2024 - 31 DECEMBER 2024
FOR
GOOD OLD WOOD SC044071
GOOD OLD WOOD SC044071
CONTECTS OF THE FINANCIAL STATEMENTS for the Period 1 January 2024 to 31 December 2024
||Page|
|---|---|
|Company Information|1|
|Report of the Directors|2|
|Profit and Loss Account|3|
|Balance Sheet|4|
|Notes to the Financial Statements|5|
|Report of the Accountants|6|
|Trading and Profit and Loss Account|7|
## GOOD OLD WOOD SC044071
COMPANY INFORMATION for the Period 1 January 2024 to 31 December 2024
## **DIRECTORS:**
## **SECRETARY:**
## **REGISTERED OFFICE:**
## **REGISTERED NUMBER:**
## **ACCOUNTANTS:**
1 Glascairn Place Portlethen Aberdeen Aberdeenshire AB12 4ND
437409 (Scotland)
Acumen Accountants and Advisors Limited City South Office Park Bankhead Dr Portlethen Aberdeen AB12 4XX
## **GOOD OLD WOOD SC044071**
## **REPORTS OF THE DIRECTORS**
for the Period 1 January 2024 to 31 December 2024
The directors present their report with the financial statements of the company for the period 12 June 2023 to 31 Decembr 2023
## **INCORPORATION**
The company was incorporated on 12 June 2013 FROM 12 June 2013 to 31 December 2013
## **PRINCIPAL ACTIVITY**
The principal activity of the company in the period under review was that of manufacturer perfumes & toilet preparations.
## **TRUSTEES**
The directors during the period under review were:
The beneficial interests of the trustees holding office on 12 June 2013 in the issued share capital of the company were as follows: 12.06.13 at date of appointment
## **Ordinary Shares £1 shares**
All the trustees, being eligible, offer themselves for election at the forthcoming Annual General Meeting.
**ON BEHALF OF THE TRUSTEES:**
## **GOOD OLD WOOD SC044071**
## **TRADING PROFIT & LOSS ACCOUNT For the Period 1 January 2024 to 31 December 2024**
|Notes
**TURNOVER**
Cost of Sales
**GROSS PROFIT**
Adminstratvie Expenses
**OPERATING LOSS ON**
**ORDINARY ACTIVITIES**
**BEFORE TAXATION**
2
Tax on loss on ordinary
3
activities
**LOSS FOR THE FINANCIAL PERIOD**
**AFTER TAXATION**
**DEFICIT CARRIED FORWARD**|£
0
0|
|---|---|
||0
0
0
0|
||0|
||0|
## **GOOD OLD WOOD SC044071**
## **BALANCE SHEET 31-Dec-24**
|Notes
**CURRENT ASSETS:**
Stock
Debtors
Cash at Bank
**CREDITORS:**Amounts Falling
due within one year
**NET CURRENT LIABILITIES**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CAPITAL AND RESERVES:**
Called up share capital
Profit and Loss account
**SHAREHOLDERS' FUNDS:**|£
0
0
0|
|---|---|
||0
0|
||0|
||0|
||0
0|
||0|
## **SHAREHOLDERS' FUNDS:**
For the year ending 31 December 2014 the company was entitled to exemption from audit section 477 of the companies Act 2006 relating to small companies.
Directors' responsibilities;
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These account have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
## **ON BEHALF OF THE TRUSTEES**
## **GOOD OLD WOOD SC044071**
NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 January 2024 to 31 December 2024
## 1. **ACCOUNTING POLICIES**
The financial statements have been prepared under the historical cost conventio nand in accordance with the Financial Reporting Standard for Small Entities (effective June 2002).
## **Turnover**
Turnover represents net invoiced sales of goods, excluding value added tax.
## **Stocks**
Stock is valued at the lower of cost and net realisable value, after making due allowanc for obsolete and slow moving ite
## 2. **OPERATING LOSS**
The operating loss is stated after charging:
|Directors' emoluments and other benefits etc
3.
**TAXATION**
**Analysis of the tax charge**
No liability to UK corporation tax arose on ordinary activities for the period.
**DUE WITHIN ONE YEAR**
5.
**CREDITORS: AMOUNTS FALLING**
**DUE WITHIN ONE YEAR**
Directors current accounts
Accruals
6.
**CALLED UP SHARE CAPITAL**
Authorised, allotted, issued and fully paid:
Number:
Class:
Nominal
value:
0
Ordinary Shares
£1|£
0|
|---|---|
||£
0|
||£
0
0|
||0|
||£
0|
Ims.
## **GOOD OLD WOOD SC044071**
## **REPORT OF THE ACCOUNTANTS TO THE TRUSTEES OF GOOD OLD WOOD SC044071.2015.1**
As described on the balance sheet you are responsible for the preparation of the financial statements for the period ended 31 December 2024 set out on pages three to five and you consider that the company is exempt from an audit.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanation supplied to us.
## **GOOD OLD WOOD SC044071**
## **TRADING PROFIT & LOSS ACCOUNT For the Period 1 January 2024 to 31 December 2024**
|**Sales**
**Cost of Sales:**
Purchases
Consumables
Carriage
Closing Stock
**GROSS LOSS**
**Expenditure:**
Telephone
Post & Stationery
Travel & Accommodation
Motor Expenses
Stall Expenses
Computer Expenses
General Expenses
**NET PROFIT/(LOSS)**|£
0
0
0
0
0
0
0
0
0
0
0
0|£
0
0|
|---|---|---|
|||0
0|
|||0|
## **GOOD OLD WOOD SC044071**
**Tax District:795 Scotland North Area Tax Reference:49600 18078**
## **CORPORATION TAX COMPUTATION FOR THE CORPORATION TAX ACCOUNTING PERIOD FROM 1 January 2024 - 31 December 2024**
£ £ £ **SCHEDULED CASE I COMPUTATION** Loss per financial statements 0 Trading losses 0 Net trading profit 0 **PROFITS CHARGEABLE TO CORPORATION TAX** NIL **MEMO: There are no associated companies CORPORATION TAX CHARGEABLE CORPORATION TAC OUTSTANDING** NIL **MEMO: Summary of trading losses** Trading loss 0 Utilized (S393A) current year 0 Loss remaining 0
## **NO CAPITAL ALLOWANCES CLAIMED**