WOOD INNOVATIONS LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +12.3%

  £16,715,886 → £18,775,847

• Cash

  -60.7%

  £1,843,745 → £725,079

• Net assets

  -6%

  £5,838,262 → £5,489,506

• Employees

  +17.4%

  46 → 54

• Operating profit

  -45.4%

  £1,868,453 → £1,019,858

• Profit before tax

  -44.5%

  £1,846,387 → £1,024,453

• Wages

  +25%

  £1,223,827 → £1,529,941

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

GMCG BELFAST

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “Against the goal of delivering profitable and sustainable growth, the directors are pleased to note a year-on-year increase in turnover. The company also completed the move to a larger site in Great Britain, strengthening its footprint and capacity.”
• “In embedding digital value into the business, progress was made in stock management, barcoding, scanning within the warehouse operations. A HR software upgrade was implemented on a phased basis, while payroll outsourcing remains a priority for 2025.”
• “To make the business and its people fit for purpose, the company achieved Silver Investors in People accreditation. The first company-wide employee survey was completed, and actions have been initiated to support wellbeing and engagement.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.