2022-04-01 09825415 2023-03-31 09825415 2022-04-01 2023-03-31 09825415 2022-03-31 09825415 2021-04-01 2022-03-31 09825415 uk-core:WithinOneYear 2022-03-31 09825415 uk-core:WithinOneYear 2023-03-31 09825415 uk-core:AfterOneYear 2022-03-31 09825415 uk-core:AfterOneYear 2023-03-31 09825415 uk-core:ShareCapital 2023-03-31 09825415 uk-core:ShareCapital 2022-03-31 09825415 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 09825415 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 09825415 uk-bus:Director1 2022-04-01 2023-03-31 09825415 uk-core:NetGoodwill 2022-04-01 2023-03-31 09825415 uk-core:Goodwill 2022-03-31 09825415 uk-core:Goodwill 2023-03-31 09825415 uk-core:Goodwill 2022-04-01 2023-03-31 09825415 uk-core:WithinOneYear 2023-03-31 09825415 uk-core:WithinOneYear 2022-03-31 09825415 uk-core:AfterOneYear uk-core:Secured 2023-03-31 09825415 uk-core:AfterOneYear uk-core:Secured 2022-03-31 iso4217:GBP xbrli:pure 09825415 uk-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 09825415 uk-bus:FRS102 2022-04-01 2023-03-31 09825415 uk-bus:FullAccounts 2022-04-01 2023-03-31 09825415 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
Wright Choice Carpets Limited
Registered Number:09825415
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
Registered Number :
09825415
As at 31 March 2023
Wright Choice Carpets Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
37,208
48,708
2
Property, plant and equipment
14,756
-
3
51,964
48,708
Current assets
Inventories
136,398
182,783
4
Trade and other receivables
6,614
17,061
5
116,146
Cash and cash equivalents
78,607
278,451
259,158
Trade and other payables: amounts falling due within one year
(198,442)
(310,018)
6
60,716
(31,567)
Net current liabilities
Total assets less current liabilities
20,397
109,424
Trade and other payables: amounts falling due after more than one year
(31,667)
(21,667)
7
(1,270)
Net assets/liabilities
77,757
Capital and reserves
Called up share capital
20,000
20,000
Retained earnings
(21,270)
57,757
(1,270)
77,757
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 director acknowledges his 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.
Mrs Marion Wright Director
These financial statements were approved and authorised for issue by the Board on 12 January 2024 and were signed by:
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3
Registered Number :
09825415
For the year ended 31 March 2023
Wright Choice Carpets Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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4
For the year ended 31 March 2023
Wright Choice Carpets Limited
Notes to the Financial Statements
Statutory Information
Wright Choice Carpets Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
09825415.
Principal place of business:
31 Mansfield Road
Daybrook
Nottingham
NG5 6AJ
Registered address:
Horizon House
2 Whiting Street
Sheffield
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.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015 and 2017, is being amortised evenly over its estimated useful life of 10 years.
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.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2022
115,000
At 31 March 2023
115,000
Amortisation
77,792
Charge for year
At 31 March 2023
77,792
Net book value
At 31 March 2023
37,208
At 31 March 2022
115,000
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For the year ended 31 March 2023
Wright Choice Carpets Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Fixtures and fittings
£
Cost or valuation
15,670
Additions
At 31 March 2023
15,670
Provision for depreciation and impairment
Charge for year
914
At 31 March 2023
914
At 31 March 2023
Net book value
14,756
4. Inventories
2022
2023
£
£
Stocks
182,783
136,398
5. Trade and other receivables
2022
2023
£
£
Trade debtors
2,828
1,965
Other debtors
14,233
4,649
6,614
17,061
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
10,000
10,000
Trade creditors
15,553
32,553
Taxation and social security
6,057
18,937
Other creditors
278,408
136,952
310,018
198,442
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6
For the year ended 31 March 2023
Wright Choice Carpets Limited
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
21,667
31,667
8. Average number of persons employed
During the year the average number of employees was 4 (2022 : 4)
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