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REGISTERED NUMBER: SC274338 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

WRIGHT & COMPANY PROPERTY CONSULTANTS
LIMITED

WRIGHT & COMPANY PROPERTY CONSULTANTS
LIMITED (REGISTERED NUMBER: SC274338)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WRIGHT & COMPANY PROPERTY CONSULTANTS
LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: A Wright
Mrs P Wright





SECRETARY: Mrs P Wright





REGISTERED OFFICE: 12 Fern Avenue
Lenzie
Glasgow
G66 4LE





REGISTERED NUMBER: SC274338 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

WRIGHT & COMPANY PROPERTY CONSULTANTS
LIMITED (REGISTERED NUMBER: SC274338)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 488 650

CURRENT ASSETS
Debtors 5 5,110 48,898
Cash at bank 6,169 6,229
11,279 55,127
CREDITORS
Amounts falling due within one year 6 52,038 95,855
NET CURRENT LIABILITIES (40,759 ) (40,728 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(40,271

)

(40,078

)

CREDITORS
Amounts falling due after more than one
year

7

28,136

31,767
NET LIABILITIES (68,407 ) (71,845 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (68,409 ) (71,847 )
SHAREHOLDERS' FUNDS (68,407 ) (71,845 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

WRIGHT & COMPANY PROPERTY CONSULTANTS
LIMITED (REGISTERED NUMBER: SC274338)

BALANCE SHEET - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 6 October 2023 and were signed on its behalf by:





A Wright - Director


WRIGHT & COMPANY PROPERTY CONSULTANTS
LIMITED (REGISTERED NUMBER: SC274338)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Wright & Company Property Consultants Limited 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.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 11,117 6,591 17,708
DEPRECIATION
At 1 April 2022 10,690 6,368 17,058
Charge for year 107 55 162
At 31 March 2023 10,797 6,423 17,220
NET BOOK VALUE
At 31 March 2023 320 168 488
At 31 March 2022 427 223 650

WRIGHT & COMPANY PROPERTY CONSULTANTS
LIMITED (REGISTERED NUMBER: SC274338)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 4,800 48,294
Other debtors 240 -
Prepayments and accrued income 70 604
5,110 48,898

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 4,440 9,900
Trade creditors 928 4,094
Tax 34,096 42,685
Social security and other taxes 176 106
VAT 10,090 13,031
Directors' current accounts 936 25,624
Accrued expenses 1,372 415
52,038 95,855

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 4,440 9,900
Bank loans - 2-5 years 13,320 21,867
Bank loans more 5 yr by instal 10,376 -
28,136 31,767

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,376 -

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 11,150 11,160
Between one and five years 11,150 11,160
In more than five years - 1,332
22,300 23,652

9. RELATED PARTY DISCLOSURES

The company directors were owed £936 (2022-£25,624) at the year end. £25,624 was the maximum amount outstanding during the year.