IRIS Accounts Production v23.1.0.753 07620625 director 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure076206252022-03-31076206252023-03-31076206252022-04-012023-03-31076206252021-03-31076206252021-04-012022-03-31076206252022-03-3107620625ns15:EnglandWales2022-04-012023-03-3107620625ns14:PoundSterling2022-04-012023-03-3107620625ns10:Director12022-04-012023-03-3107620625ns10:PrivateLimitedCompanyLtd2022-04-012023-03-3107620625ns10:SmallEntities2022-04-012023-03-3107620625ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3107620625ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3107620625ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-3107620625ns10:AbridgedAccounts2022-04-012023-03-310762062512022-04-012023-03-3107620625ns10:CompanySecretary12022-04-012023-03-3107620625ns10:RegisteredOffice2022-04-012023-03-3107620625ns5:CurrentFinancialInstruments2023-03-3107620625ns5:CurrentFinancialInstruments2022-03-3107620625ns5:Non-currentFinancialInstruments2023-03-3107620625ns5:Non-currentFinancialInstruments2022-03-3107620625ns5:ShareCapital2023-03-3107620625ns5:ShareCapital2022-03-3107620625ns5:RetainedEarningsAccumulatedLosses2023-03-3107620625ns5:RetainedEarningsAccumulatedLosses2022-03-3107620625ns5:NetGoodwill2022-04-012023-03-3107620625ns5:PlantMachinery2022-04-012023-03-31
REGISTERED NUMBER: 07620625 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Wray & McKenna Limited

Wray & McKenna Limited (Registered number: 07620625)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Wray & McKenna Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr Keerthi Kumar Ujjini Basavaiah



SECRETARY: Ms Yashaswini S Nanjundaiah



REGISTERED OFFICE: Unit 3 Cedar Court
1 Royal Oak Yard
London
SE1 3GA



REGISTERED NUMBER: 07620625 (England and Wales)



ACCOUNTANTS: ElanTax.com
Unit 3 Cedar Court
1 Royal Oak Yard
London
SE1 3GA



BANKER: Lloyds Bank plc
102 Grey Street
Newcastle-Upon-Tyne
Tyne & Wear
NE99 1SL

Wray & McKenna Limited (Registered number: 07620625)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 151,667 169,167
Tangible assets 5 44,641 32,028
196,308 201,195

CURRENT ASSETS
Stocks 2,455 2,451
Debtors 27,419 18,456
Cash at bank and in hand 8,450 50,839
38,324 71,746
CREDITORS
Amounts falling due within one year 73,567 95,622
NET CURRENT LIABILITIES (35,243 ) (23,876 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

161,065

177,319

CREDITORS
Amounts falling due after more than one
year

11,300

44,484
NET ASSETS 149,765 132,835

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 149,665 132,735
SHAREHOLDERS' FUNDS 149,765 132,835

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 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.

Wray & McKenna Limited (Registered number: 07620625)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 October 2023 and were signed by:





Mr Keerthi Kumar Ujjini Basavaiah - Director


Wray & McKenna Limited (Registered number: 07620625)

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

1. STATUTORY INFORMATION

Wray & McKenna 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
Fees receivable 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 2011, is being amortised evenly over its estimated useful life of twenty years.

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 etc - 25% on reducing balance, 25% on cost and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
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.

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 7 (2022 - 7 ) .

Wray & McKenna Limited (Registered number: 07620625)

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 350,000
AMORTISATION
At 1 April 2022 180,833
Amortisation for year 17,500
At 31 March 2023 198,333
NET BOOK VALUE

At 31 March 2023 151,667
At 31 March 2022 169,167

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 78,698
Additions 25,236
At 31 March 2023 103,934
DEPRECIATION
At 1 April 2022 46,670
Charge for year 12,623
At 31 March 2023 59,293
NET BOOK VALUE
At 31 March 2023 44,641
At 31 March 2022 32,028