Company Registration No. 364026 (England and Wales)
W.S.WRIGHT LIMITED
Unaudited accounts
for the year ended 30 September 2023
W.S.WRIGHT LIMITED
Unaudited accounts
Contents
W.S.WRIGHT LIMITED
Company Information
for the year ended 30 September 2023
Directors
M J SWAINE
KHJ LEAVER
RW APPERLY
GG SAY
SDM LEAVER
Company Number
364026 (England and Wales)
Registered Office
71-75 SHELTON STREET
COVENT GARDEN
LONDON
WC2H 9JQ
UNITED KINGDOM
Accountants
RFM Associates
10 Carew Way
Watford
WD19 5GB
W.S.WRIGHT LIMITED
Statement of financial position
as at 30 September 2023
Tangible assets
300,466
311,389
Inventories
258,506
290,882
Debtors
2,209,599
2,254,644
Cash at bank and in hand
1,917
4,816
Creditors: amounts falling due within one year
(2,208,021)
(2,510,682)
Net current assets
262,001
39,660
Total assets less current liabilities
562,467
353,272
Creditors: amounts falling due after more than one year
(260,236)
(251,482)
Net assets
302,231
101,790
Called up share capital
7,142
7,142
Revaluation reserve
9,341
9,341
Profit and loss account
283,186
82,745
Shareholders' funds
302,231
101,790
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by
M J SWAINE
Director
Company Registration No. 364026
W.S.WRIGHT LIMITED
Notes to the Accounts
for the year ended 30 September 2023
W.S.WRIGHT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 364026. The registered office is 71-75 SHELTON STREET, COVENT GARDEN, LONDON, WC2H 9JQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over the term of the lease
Plant & machinery
20% reducing balance basis
Motor vehicles
25% reducing balance basis
Fixtures & fittings
20% reducing balance basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost Goodwill is amortised over 20 years straight lineess accumulated amortisation.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 October 2022
89,133
9,000
98,133
At 30 September 2023
89,133
9,000
98,133
At 1 October 2022
86,910
9,000
95,910
Charge for the year
2,223
-
2,223
At 30 September 2023
89,133
9,000
98,133
At 30 September 2023
-
-
-
At 30 September 2022
2,223
-
2,223
W.S.WRIGHT LIMITED
Notes to the Accounts
for the year ended 30 September 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At valuation
At cost
At 1 October 2022
150,000
771,974
921,974
Revaluations
70,000
-
70,000
Disposals
-
(49,194)
(49,194)
At 30 September 2023
220,000
722,780
942,780
At 1 October 2022
10,896
599,689
610,585
Charge for the year
1,531
30,198
31,729
At 30 September 2023
12,427
629,887
642,314
At 30 September 2023
207,573
92,893
300,466
At 30 September 2022
139,104
172,285
311,389
Amounts falling due within one year
Trade debtors
127,004
196,083
Accrued income and prepayments
2,082,595
2,058,561
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,239,568
1,210,901
Trade creditors
250,439
467,211
Taxes and social security
140,414
306,183
Other creditors
211,758
140,498
Loans from directors
41,804
106,158
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
200,716
156,250
The total amount of financial commitments not included in the balance sheet is £nil ( 2021 £7420).
W.S.WRIGHT LIMITED
Notes to the Accounts
for the year ended 30 September 2023
10
Transactions with related parties
At the balance sheet date the company owed £41,804 ( 2022:£106,158) to its directors and the amount is included as a creditor due in less than one year.
11
Average number of employees
During the year the average number of employees was 30 (2022: 32).