Registered number
08058464
WRIGHT'S AUTOS LTD
Filleted Accounts
31 July 2023
WRIGHT'S AUTOS LTD
Registered number: 08058464
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 10,232 11,692
Creditors: amounts falling due within one year 3 (6,812) (3,517)
Net current assets 3,420 8,175
Net assets 3,420 8,175
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,320 8,075
Shareholders' funds 3,420 8,175
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Wright
Director
Approved by the board on 11 October 2023
WRIGHT'S AUTOS LTD
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 5,334 2,708
Director's account 38 53
Accruals 1,440 756
6,812 3,517
4 Other information
WRIGHT'S AUTOS LTD is a private company limited by shares and incorporated in England. Its registered office is:
17 Gravel Walks
Oldham
Lancashire
OL4 1JY
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