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J Wright & Co Ltd
Registered Number:06776815
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
J Wright & Co Ltd
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
3
Registered Number :
06776815
As at 31 March 2023
J Wright & Co Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
144,026
144,026
2
Property, plant and equipment
54,196
55,031
3
Financial assets
45,000
45,000
4
243,222
244,057
Current assets
Trade and other receivables
36,719
11,040
5
10,199
Cash and cash equivalents
80,097
91,137
46,918
Trade and other payables: amounts falling due within one
year
(44,232)
(118,538)
6
2,686
(27,401)
Net current liabilities
Total assets less current liabilities
215,821
246,743
Trade and other payables: amounts falling due after more
than one year
(150,180)
(130,915)
7
84,906
Net assets
96,563
Capital and reserves
Called up share capital
100
100
Revaluation reserve
144,025
144,025
8
Retained earnings
(59,219)
(47,562)
84,906
96,563
Shareholders' funds
For the year ended 31 March 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 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 proper 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
Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
06776815
For the year ended 31 March 2023
J Wright & Co Ltd
Statement of Financial Position Continued
James W Wright-Anderson Director
These financial statements were approved and authorised for issue by the Board on 24 November 2023 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2023
J Wright & Co Ltd
Notes to the Financial Statements
Statutory Information
J Wright & Co Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 06776815.
Registered address:
5 Whytecliffe Road South
Purley
Surrey
CR8 2AY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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6
For the year ended 31 March 2023
J Wright & Co Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2022
247,067
At 31 March 2023
247,067
Amortisation
At 01 April 2022
103,041
At 31 March 2023
103,041
Net book value
At 31 March 2023
144,026
At 31 March 2022
144,026
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor
vehicles
£
£
£
£
Cost or
valuation
At 01 April 2022
59,335
3,062
773
55,500
5,400
-
-
5,400
Additions
At 31 March 2023
60,900
773
3,062
64,735
Provision for depreciation and impairment
At 01 April 2022
4,304
2,907
772
625
Charge for year
6,235
145
-
6,090
At 31 March 2023
10,539
3,052
772
6,715
At 31 March 2023
Net book value
54,185
1
10
54,196
At 31 March 2022
54,875
1
155
55,031
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7
For the year ended 31 March 2023
J Wright & Co Ltd
Notes to the Financial Statements Continued
4. Investments held as fixed assets
Other investments
Total
At 01 April 2022
45,000
45,000
Cost
£
£
At 31 March 2023
45,000
45,000
At 31 March 2023
Net book value
45,000
45,000
At 01 April 2022
45,000
45,000
5. Trade and other receivables
2022
2023
£
£
Trade debtors
11,040
14,242
Other debtors
-
22,477
36,719
11,040
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
38,449
40,232
Other creditors
80,089
4,000
118,538
44,232
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
54,137
59,913
Other creditors
76,778
90,267
130,915
150,180
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8
For the year ended 31 March 2023
J Wright & Co Ltd
Notes to the Financial Statements Continued
8. Reserves
Total
£
Revaluation reserve at 01 April 2022
144,025
144,025
Revaluation reserve at 31 March 2023
9. Average number of persons employed
During the year the average number of employees was 4 (2022 : 4)
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