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REGISTERED NUMBER: 01187594 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Chris Wright Road Planing Limited

Chris Wright Road Planing Limited (Registered number: 01187594)






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 8

Chris Wright Road Planing Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J C Wright
Miss C E Ward
G O Armitage
A Cole



SECRETARY: Miss C E Ward



REGISTERED OFFICE: Baildon Bridge Depot
Dockfield Road
Shipley
West Yorkshire
BD17 7SG



REGISTERED NUMBER: 01187594 (England and Wales)



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



BANKERS: Bank Of Scotland
116 Wellington Street
Leeds
LS1 4LT

Chris Wright Road Planing Limited (Registered number: 01187594)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,691,051 2,397,559

CURRENT ASSETS
Stocks 46,122 16,648
Debtors 5 676,542 572,148
Cash at bank and in hand 44,146 437,210
766,810 1,026,006
CREDITORS
Amounts falling due within one year 6 803,950 1,002,663
NET CURRENT (LIABILITIES)/ASSETS (37,140 ) 23,343
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,653,911

2,420,902

CREDITORS
Amounts falling due after more than one
year

7

(485,247

)

(308,558

)

PROVISIONS FOR LIABILITIES 9 (333,884 ) (241,996 )
NET ASSETS 1,834,780 1,870,348

CAPITAL AND RESERVES
Called up share capital 2,432 2,432
Retained earnings 1,832,348 1,867,916
SHAREHOLDERS' FUNDS 1,834,780 1,870,348

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.

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.

Chris Wright Road Planing Limited (Registered number: 01187594)

Statement of Financial Position - continued
31 March 2023



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 C Wright - Director


Chris Wright Road Planing Limited (Registered number: 01187594)

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

1. STATUTORY INFORMATION

Chris Wright Road Planing 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 land and buildings - 5% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% 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 Road Planing Limited (Registered number: 01187594)

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 the profit and loss account 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 37 (2022 - 40 ) .

4. TANGIBLE FIXED ASSETS
Freehold Fixtures
land and Plant and and Motor
buildings machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 534,314 2,821,147 29,375 2,010,538 5,395,374
Additions 105,042 355,505 3,670 304,665 768,882
Disposals - (25,925 ) (18,204 ) (248,687 ) (292,816 )
At 31 March 2023 639,356 3,150,727 14,841 2,066,516 5,871,440
DEPRECIATION
At 1 April 2022 13,426 1,834,159 22,207 1,128,023 2,997,815
Charge for year 12,787 162,150 1,780 274,710 451,427
Eliminated on disposal - (27,589 ) (16,403 ) (224,861 ) (268,853 )
At 31 March 2023 26,213 1,968,720 7,584 1,177,872 3,180,389
NET BOOK VALUE
At 31 March 2023 613,143 1,182,007 7,257 888,644 2,691,051
At 31 March 2022 520,888 986,988 7,168 882,515 2,397,559

Included in cost of land and buildings is freehold land of £ 309,649 (2022 - £ 309,649 ) which is not depreciated.

Chris Wright Road Planing Limited (Registered number: 01187594)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 377,614 833,332 1,210,946
Additions 341,240 87,200 428,440
At 31 March 2023 718,854 920,532 1,639,386
DEPRECIATION
At 1 April 2022 142,308 378,247 520,555
Charge for year 47,216 129,189 176,405
Transfer to ownership - 6,007 6,007
At 31 March 2023 189,524 513,443 702,967
NET BOOK VALUE
At 31 March 2023 529,330 407,089 936,419
At 31 March 2022 235,306 455,085 690,391

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 476,738 448,284
Other debtors 80,759 239
Tax 16,677 16,692
Prepayments 102,368 106,933
676,542 572,148

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 44,545 44,545
Hire purchase contracts 169,163 245,928
Trade creditors 196,261 297,805
Tax - 16
Social security and other taxes 33,658 45,885
Other creditors 257,579 261,579
Directors' current accounts 7,706 8,049
Accrued expenses 56,239 60,656
Deferred government grants 38,799 38,200
803,950 1,002,663

Chris Wright Road Planing Limited (Registered number: 01187594)

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

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 55,682 100,227
Hire purchase contracts 264,102 74,312
Deferred government grants 120,918 89,474
485,247 308,558

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 144,772 189,317
Hire purchase contracts 433,265 320,240
578,037 509,557

The hire purchase creditors are secured against the assets to which they relate.

The bank overdraft is secured by a cross guarantee and debenture from Chris Wright (Baildon) Limited.

9. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 333,884 241,996

Deferred
tax
£   
Balance at 1 April 2022 241,996
Provided during year 91,888
Balance at 31 March 2023 333,884

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Chris Wright Road Planing 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 Road Planing 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 Road Planing 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 Road Planing Limited and state those matters that we have agreed to state to the Board of Directors of Chris Wright Road Planing 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 Road Planing 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 Road Planing 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 loss of Chris Wright Road Planing Limited. You consider that Chris Wright Road Planing 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 Road Planing 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