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REGISTERED NUMBER: 08855928 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31st January 2023

for

W. Wright Silverware (Sheffield) Limited

W. Wright Silverware (Sheffield) Limited (Registered number: 08855928)






Contents of the Financial Statements
for the Year Ended 31st January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

W. Wright Silverware (Sheffield) Limited

Company Information
for the Year Ended 31st January 2023







DIRECTOR: S Wright





REGISTERED OFFICE: Unit 2 Aztec Works
Hicks Street
Sheffield
South Yorkshire
S3 8BL





REGISTERED NUMBER: 08855928 (England and Wales)





ACCOUNTANTS: Hewson & Howson
8 Shepcote Office Village
Shepcote Lane
Sheffield
South Yorkshire
S9 1TG

W. Wright Silverware (Sheffield) Limited (Registered number: 08855928)

Balance Sheet
31st January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 99,997 116,664
Tangible assets 5 8,358 9,150
108,355 125,814

CURRENT ASSETS
Stocks 308,283 52,850
Debtors 6 90,436 93,325
Cash at bank and in hand 81,187 78,846
479,906 225,021
CREDITORS
Amounts falling due within one year 7 305,896 172,625
NET CURRENT ASSETS 174,010 52,396
TOTAL ASSETS LESS CURRENT
LIABILITIES

282,365

178,210

CREDITORS
Amounts falling due after more than one
year

8

(33,140

)

(43,788

)

PROVISIONS FOR LIABILITIES (2,090 ) (1,759 )
NET ASSETS 247,135 132,663

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 247,035 132,563
SHAREHOLDERS' FUNDS 247,135 132,663

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

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

W. Wright Silverware (Sheffield) Limited (Registered number: 08855928)

Balance Sheet - continued
31st January 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 director and authorised for issue on 27th September 2023 and were signed by:





S Wright - Director


W. Wright Silverware (Sheffield) Limited (Registered number: 08855928)

Notes to the Financial Statements
for the Year Ended 31st January 2023

1. STATUTORY INFORMATION

W. Wright Silverware (Sheffield) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of fifteen 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 - 15% on cost
Computer equipment - 25% on cost

Stocks
Stocks 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 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.

W. Wright Silverware (Sheffield) Limited (Registered number: 08855928)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS

On 1 June 2014 the company acquired the goodwill and trading activities of an unincorporated business owned by the director.

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st February 2022 47,905 7,532 4,180 59,617
Additions 5,029 - 2,281 7,310
At 31st January 2023 52,934 7,532 6,461 66,927
DEPRECIATION
At 1st February 2022 40,287 6,000 4,180 50,467
Charge for year 6,000 1,532 570 8,102
At 31st January 2023 46,287 7,532 4,750 58,569
NET BOOK VALUE
At 31st January 2023 6,647 - 1,711 8,358
At 31st January 2022 7,618 1,532 - 9,150

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 78,448 93,325
Other debtors 11,988 -
90,436 93,325

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 239,242 107,872
Taxation and social security 25,085 15,868
Other creditors 41,569 48,885
305,896 172,625

W. Wright Silverware (Sheffield) Limited (Registered number: 08855928)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 33,140 43,788

9. RESERVES
Retained
earnings
£   

At 1st February 2022 132,563
Profit for the year 155,922
Dividends (41,450 )
At 31st January 2023 247,035

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company is controlled by the director who owns all the issued share capital.
Creditors include £40,334 (2022 - £48009) owing to the director.

W. Wright Silverware (Sheffield) Limited

Report of the Accountants to the Director of
W. Wright Silverware (Sheffield) Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st January 2023 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Hewson & Howson
8 Shepcote Office Village
Shepcote Lane
Sheffield
South Yorkshire
S9 1TG


27th September 2023