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REGISTERED NUMBER: 01281670 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Chris Wright (Baildon) Limited

Chris Wright (Baildon) Limited (Registered number: 01281670)






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

Chartered Accountants' Report 9

Chris Wright (Baildon) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: C Wright
N P Roberts
D A Patchett
J T Morton
G Tanner



SECRETARY: C Wright



REGISTERED OFFICE: Hollins Hill Depot
Centenary Road
Baildon
West Yorkshire
BD17 7QB



REGISTERED NUMBER: 01281670 (England and Wales)



ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
BD21 3DS



SOLICITORS: Kennedy Thompson and Davies
27 Ridings Road
Ilkley
West Yorkshire
LS29 9LX

Chris Wright (Baildon) Limited (Registered number: 01281670)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,911,812 1,999,736

CURRENT ASSETS
Stocks 21,644 19,030
Debtors 5 1,233,720 1,952,818
Cash at bank and in hand 674,553 226,314
1,929,917 2,198,162
CREDITORS
Amounts falling due within one year 6 762,244 951,864
NET CURRENT ASSETS 1,167,673 1,246,298
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,079,485

3,246,034

CREDITORS
Amounts falling due after more than one
year

7

(328,293

)

(538,880

)

PROVISIONS FOR LIABILITIES 9 (271,165 ) (225,087 )
NET ASSETS 2,480,027 2,482,067

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Share premium 3,000 3,000
Capital redemption reserve 5,000 5,000
Retained earnings 2,452,027 2,454,067
SHAREHOLDERS' FUNDS 2,480,027 2,482,067

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.

Chris Wright (Baildon) Limited (Registered number: 01281670)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:





J T Morton - Director


Chris Wright (Baildon) Limited (Registered number: 01281670)

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

1. STATUTORY INFORMATION

Chris Wright (Baildon) 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 represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Improvements to property - 5% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Chris Wright (Baildon) Limited (Registered number: 01281670)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 36 (2022 - 42 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2022 151,496 507,930 527,219
Additions - 195,490 76,702
Disposals - - (1,250 )
At 31 March 2023 151,496 703,420 602,671
DEPRECIATION
At 1 April 2022 33,279 180,470 472,038
Charge for year 3,030 29,355 21,228
Eliminated on disposal - - (1,135 )
At 31 March 2023 36,309 209,825 492,131
NET BOOK VALUE
At 31 March 2023 115,187 493,595 110,540
At 31 March 2022 118,217 327,460 55,181

Chris Wright (Baildon) Limited (Registered number: 01281670)

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

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2022 118,586 4,434,223 5,739,454
Additions 18,180 101,338 391,710
Disposals (34,060 ) (73,593 ) (108,903 )
At 31 March 2023 102,706 4,461,968 6,022,261
DEPRECIATION
At 1 April 2022 54,029 2,999,902 3,739,718
Charge for year 10,772 379,340 443,725
Eliminated on disposal (25,287 ) (46,572 ) (72,994 )
At 31 March 2023 39,514 3,332,670 4,110,449
NET BOOK VALUE
At 31 March 2023 63,192 1,129,298 1,911,812
At 31 March 2022 64,557 1,434,321 1,999,736

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022 1,256,808
Additions 53,951
Transfer to ownership (284,300 )
At 31 March 2023 1,026,459
DEPRECIATION
At 1 April 2022 397,822
Charge for year 196,259
Transfer to ownership (161,572 )
At 31 March 2023 432,509
NET BOOK VALUE
At 31 March 2023 593,950
At 31 March 2022 858,986

Chris Wright (Baildon) Limited (Registered number: 01281670)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 740,642 927,733
Other debtors 427,235 768,945
Directors' current accounts - 1,031
Tax - 55,099
Prepayments 65,843 200,010
1,233,720 1,952,818

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 44,546 44,546
Hire purchase contracts 204,480 273,597
Trade creditors 195,058 362,653
Tax 27,097 -
Social security and other taxes 140,135 107,037
Other creditors - 10,000
Directors' current accounts 1,553 1,310
Accruals and deferred income 149,375 152,721
762,244 951,864

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 44,545 44,545
Bank loans - 2-5 years 55,681 100,227
Hire purchase contracts 228,067 394,108
328,293 538,880

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 144,772 189,318
Hire purchase contracts 432,547 667,705
577,319 857,023

The bank overdraft is secured by fixed and floating charges over the company's assets, a personal guarantee from a director Mr C Wright and a cross guarantee and debenture from subsidiary company Chris Wright Road Planing Limited.

Finance leases and hire purchase creditors are secured on the assets which are the subject of the agreement.

Invoice discounting loan is secured against the factored debts.

Chris Wright (Baildon) Limited (Registered number: 01281670)

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

9. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 271,165 225,087

Deferred
tax
£   
Balance at 1 April 2022 225,087
Provided during year 46,078
Balance at 31 March 2023 271,165

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.23 31.3.22
£    £   
J T Morton
Balance outstanding at start of year - 4,113
Amounts repaid - (4,113 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

D A Patchett
Balance outstanding at start of year 1,031 -
Amounts advanced - 1,031
Amounts repaid (1,031 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,031

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Chris Wright (Baildon) Limited

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chris Wright (Baildon) Limited for the year ended 31 March 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Chris Wright (Baildon) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chris Wright (Baildon) Limited and state those matters that we have agreed to state to the Board of Directors of Chris Wright (Baildon) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chris Wright (Baildon) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Chris Wright (Baildon) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chris Wright (Baildon) Limited. You consider that Chris Wright (Baildon) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chris Wright (Baildon) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
BD21 3DS


20 October 2023