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REGISTERED NUMBER: 06244425 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

D H Wright Joinery Limited

D H Wright Joinery Limited (Registered number: 06244425)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


D H Wright Joinery Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M P Cotler
Ms S L Wright





SECRETARY: Ms S L Wright





REGISTERED OFFICE: The Barn
Hall Mews
Boston Spa
Wetherby
LS23 6DT





REGISTERED NUMBER: 06244425 (England and Wales)





ACCOUNTANTS: Northern Tonic Ltd
14 Clifton Moor Business Village
James Nicolson Link
York
YO30 4XG

D H Wright Joinery Limited (Registered number: 06244425)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 180,000 190,000
Property, plant and equipment 5 298,756 285,230
478,756 475,230

CURRENT ASSETS
Inventories 6 12,831 16,620
Debtors 7 96,699 90,573
Cash at bank and in hand 148,011 135,679
257,541 242,872
CREDITORS
Amounts falling due within one year 8 478,385 589,507
NET CURRENT LIABILITIES (220,844 ) (346,635 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

257,912

128,595

CREDITORS
Amounts falling due after more than
one year

9

(200,843

)

(64,371

)

PROVISIONS FOR LIABILITIES 10 (55,280 ) (53,192 )
NET ASSETS 1,789 11,032

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 12 1,787 11,030
SHAREHOLDERS' FUNDS 1,789 11,032

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.

D H Wright Joinery Limited (Registered number: 06244425)

Statement of Financial Position - 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 9 October 2023 and were signed on its behalf by:





M P Cotler - Director


D H Wright Joinery Limited (Registered number: 06244425)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

D H Wright Joinery Limited is a private company, limited by shares , registered in England and Wales. 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

D H Wright Joinery Limited (Registered number: 06244425)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 4 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 200,000
AMORTISATION
At 1 April 2022 10,000
Amortisation for year 10,000
At 31 March 2023 20,000
NET BOOK VALUE
At 31 March 2023 180,000
At 31 March 2022 190,000

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 331,290 24,477 48,660 28,546 432,973
Additions - - 87,179 1,739 88,918
Disposals (36,950 ) - (18,033 ) - (54,983 )
At 31 March 2023 294,340 24,477 117,806 30,285 466,908
DEPRECIATION
At 1 April 2022 107,673 9,000 9,733 21,337 147,743
Charge for year 33,729 1,548 13,618 2,789 51,684
Eliminated on disposal (27,668 ) - (3,607 ) - (31,275 )
At 31 March 2023 113,734 10,548 19,744 24,126 168,152
NET BOOK VALUE
At 31 March 2023 180,606 13,929 98,062 6,159 298,756
At 31 March 2022 223,617 15,477 38,927 7,209 285,230

6. INVENTORIES
31.3.23 31.3.22
£    £   
Stocks 12,831 16,620

D H Wright Joinery Limited (Registered number: 06244425)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 76,158 54,243
Other debtors 17,911 -
Directors' current accounts - 29,662
Prepayments 2,630 6,668
96,699 90,573

The Director's Loan Account balance at the year end has been repaid in full within 9 months of the balance sheet date.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 55,141 70,106
Hire purchase contracts 47,395 13,469
Trade creditors 120,889 233,089
Social security and other taxes 15,012 33,734
VAT 5,037 280
Other creditors 2,752 7,093
Accruals and deferred income 203,490 230,736
Accrued expenses 28,669 1,000
478,385 589,507

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 11,667 21,667
Hire purchase contracts 179,176 32,704
200,843 64,371

10. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 55,280 53,192

Deferred
tax
£   
Balance at 1 April 2022 53,192
Provided during year 2,088
Balance at 31 March 2023 55,280

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
2 Ordinary £1 2 2

D H Wright Joinery Limited (Registered number: 06244425)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

12. RESERVES
Retained
earnings
£   

At 1 April 2022 11,030
Profit for the year 52,386
Dividends (61,629 )
At 31 March 2023 1,787

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Ms S L Wright
Balance outstanding at start of year 29,662 32,320
Amounts advanced - 29,662
Amounts repaid (29,662 ) (32,320 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 29,662