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REGISTERED NUMBER: 12452551 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

JS Wrights & Co. Limited

JS Wrights & Co. Limited (Registered number: 12452551)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JS Wrights & Co. Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mrs L Jiang
M Shi





REGISTERED OFFICE: 25 Cabot Square
Canary Wharf
London
E14 4QZ





REGISTERED NUMBER: 12452551 (England and Wales)





ACCOUNTANTS: Londongate Accountancy Ltd
124 City Road
London
EC1V 2NX

JS Wrights & Co. Limited (Registered number: 12452551)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,690 32,465

CURRENT ASSETS
Debtors 5 176,824 155,508
Cash at bank 7,569 29,735
184,393 185,243
CREDITORS
Amounts falling due within one year 6 46,857 50,388
NET CURRENT ASSETS 137,536 134,855
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,226

167,320

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 71,226 67,320
SHAREHOLDERS' FUNDS 171,226 167,320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

JS Wrights & Co. Limited (Registered number: 12452551)

Balance Sheet - continued
28 February 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 Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by:





M Shi - Director


JS Wrights & Co. Limited (Registered number: 12452551)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

JS Wrights & Co. 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.
Office equipment - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Taxation
Taxation for the year 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.

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 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.

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

JS Wrights & Co. Limited (Registered number: 12452551)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Office Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 1,484 31,087 6,695 39,266
Additions 2,784 3,941 2,204 8,929
At 28 February 2023 4,268 35,028 8,899 48,195
DEPRECIATION
At 1 March 2022 379 5,409 1,013 6,801
Charge for year 718 5,792 1,194 7,704
At 28 February 2023 1,097 11,201 2,207 14,505
NET BOOK VALUE
At 28 February 2023 3,171 23,827 6,692 33,690
At 28 February 2022 1,105 25,678 5,682 32,465

5. DEBTORS
28.2.23 28.2.22
£    £   
Amounts falling due within one year:
Trade debtors 27,224 27,224
Other debtors - 24,880
27,224 52,104

Amounts falling due after more than one year:
Other debtors 149,600 103,404

Aggregate amounts 176,824 155,508

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 1,678 1,676
Taxation and social security 9,346 5,005
Other creditors 35,833 43,707
46,857 50,388