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REGISTERED NUMBER: 03843008 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 15 MARCH 2023

FOR

WRAGG ENGINEERING LIMITED

WRAGG ENGINEERING LIMITED (REGISTERED NUMBER: 03843008)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 15 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WRAGG ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 15 MARCH 2023







DIRECTOR: C Wragg





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 03843008 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

WRAGG ENGINEERING LIMITED (REGISTERED NUMBER: 03843008)

BALANCE SHEET
15 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 80 153

CURRENT ASSETS
Debtors 5 21,575 10,428
Cash at bank 24,313 89,929
45,888 100,357
CREDITORS
Amounts falling due within one year 6 8,364 54,015
NET CURRENT ASSETS 37,524 46,342
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,604

46,495

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 37,504 46,395
SHAREHOLDERS' FUNDS 37,604 46,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 15 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 15 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 3 October 2023 and were signed by:





C Wragg - Director


WRAGG ENGINEERING LIMITED (REGISTERED NUMBER: 03843008)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 15 MARCH 2023

1. STATUTORY INFORMATION

Wragg Engineering 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.

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 - 33% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 1 (2022 - 1 ) .

WRAGG ENGINEERING LIMITED (REGISTERED NUMBER: 03843008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 15 MARCH 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 16 March 2022
and 15 March 2023 280 4,769 5,049
DEPRECIATION
At 16 March 2022 268 4,628 4,896
Charge for year 3 70 73
At 15 March 2023 271 4,698 4,969
NET BOOK VALUE
At 15 March 2023 9 71 80
At 15 March 2022 12 141 153

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,335 10,428
Director's current account 8,042 -
Prepayments 198 -
21,575 10,428

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 6,966 8,226
Social security and other taxes (342 ) (69 )
Director's current account - 44,148
Accrued expenses 1,740 1,710
8,364 54,015

7. RESERVES
Retained
earnings
£   

At 16 March 2022 46,395
Profit for the year 29,109
Dividends (38,000 )
At 15 March 2023 37,504