IRIS Accounts Production v23.3.0.418 13145212 director 1.2.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh131452122022-01-31131452122023-03-31131452122022-02-012023-03-31131452122021-01-18131452122021-01-192022-01-31131452122022-01-3113145212ns10:Originalns15:EnglandWales2022-02-012023-03-3113145212ns14:PoundSterlingns10:Original2022-02-012023-03-3113145212ns10:Originalns10:Director12022-02-012023-03-3113145212ns10:Original2022-02-012023-03-3113145212ns10:Original2023-03-3113145212ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-03-3113145212ns10:Originalns10:SmallEntities2022-02-012023-03-3113145212ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-03-3113145212ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-03-3113145212ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-03-3113145212ns10:Originalns10:FullAccounts2022-02-012023-03-3113145212ns10:Originalns10:OrdinaryShareClass12022-02-012023-03-3113145212ns10:Originalns10:RegisteredOffice2022-02-012023-03-3113145212ns10:Original2022-01-3113145212ns10:Originalns5:CurrentFinancialInstruments2023-03-3113145212ns10:Originalns5:CurrentFinancialInstruments2022-01-3113145212ns5:ShareCapitalns10:Original2023-03-3113145212ns5:ShareCapitalns10:Original2022-01-3113145212ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3113145212ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3113145212ns10:Originalns5:PlantMachinery2022-02-012023-03-3113145212ns10:Originalns5:MotorVehicles2022-02-012023-03-3113145212ns10:Original2021-01-192022-01-3113145212ns10:Originalns5:PlantMachinery2022-01-3113145212ns10:Originalns5:MotorVehicles2022-01-3113145212ns10:Original2022-01-3113145212ns10:Originalns5:PlantMachinery2023-03-3113145212ns10:Originalns5:MotorVehicles2023-03-3113145212ns10:Originalns5:PlantMachinery2022-01-3113145212ns10:Originalns5:MotorVehicles2022-01-3113145212ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3113145212ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-3113145212ns10:Originalns10:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 13145212 (England and Wales)















Unaudited Financial Statements

for the Period 1 February 2022 to 31 March 2023

for

Nick Wright Limited

Nick Wright Limited (Registered number: 13145212)






Contents of the Financial Statements
for the Period 1 February 2022 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nick Wright Limited

Company Information
for the Period 1 February 2022 to 31 March 2023







DIRECTOR: N Wright





REGISTERED OFFICE: 43 De Moulham Road
Swanage
Dorset
BH19 1NU





REGISTERED NUMBER: 13145212 (England and Wales)





ACCOUNTANTS: Simon Scott Accounts
17 Donnelly Road
Bournemouth
Dorset
BH6 5NW

Nick Wright Limited (Registered number: 13145212)

Balance Sheet
31 March 2023

31.3.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,048 44,692

CURRENT ASSETS
Stocks 842,399 760,075
Debtors 5 32,581 4,604
874,980 764,679
CREDITORS
Amounts falling due within one year 6 860,597 745,145
NET CURRENT ASSETS 14,383 19,534
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,431

64,226

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 78,331 64,126
SHAREHOLDERS' FUNDS 78,431 64,226

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

Nick Wright Limited (Registered number: 13145212)

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.

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 16 November 2023 and were signed by:





N Wright - Director


Nick Wright Limited (Registered number: 13145212)

Notes to the Financial Statements
for the Period 1 February 2022 to 31 March 2023

1. STATUTORY INFORMATION

Nick Wright 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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period 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.


Nick Wright Limited (Registered number: 13145212)

Notes to the Financial Statements - continued
for the Period 1 February 2022 to 31 March 2023

2. ACCOUNTING POLICIES - continued
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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2022 51,000 - 51,000
Additions 15,250 19,995 35,245
At 31 March 2023 66,250 19,995 86,245
DEPRECIATION
At 1 February 2022 6,308 - 6,308
Charge for period 10,265 5,624 15,889
At 31 March 2023 16,573 5,624 22,197
NET BOOK VALUE
At 31 March 2023 49,677 14,371 64,048
At 31 January 2022 44,692 - 44,692

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.1.22
£    £   
Trade debtors 888 -
Other debtors 31,693 4,604
32,581 4,604

Nick Wright Limited (Registered number: 13145212)

Notes to the Financial Statements - continued
for the Period 1 February 2022 to 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.1.22
£    £   
Bank loans and overdrafts 105,635 19,849
Trade creditors 124,080 66,143
Taxation and social security 14,616 6,718
Other creditors 616,266 652,435
860,597 745,145

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.1.22
value: £    £   
100 Ordinary £1 100 100