Company Registration No. 5498508 (England and Wales)
Wrightsound Ltd
Unaudited accounts
for the year ended 31 July 2023
Wrightsound Ltd
Unaudited accounts
Contents
Wrightsound Ltd
Company Information
for the year ended 31 July 2023
Director
Christopher Wright
Secretary
Alexandra Duzevic
Company Number
5498508 (England and Wales)
Registered Office
43 SEYMOUR ROAD
LONDON
N8 0BJ
Accountants
David Meyer FCCA
2 Downage
London
NW4 1AA
Wrightsound Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
63,825
63,155
Cash at bank and in hand
8,752
24,491
Creditors: amounts falling due within one year
(68,670)
(83,875)
Net current liabilities
(51,042)
(46,871)
Total assets less current liabilities
12,783
16,284
Creditors: amounts falling due after more than one year
(11,584)
(15,702)
Called up share capital
100
100
Profit and loss account
1,099
482
Shareholders' funds
1,199
582
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 7 February 2024 and were signed on its behalf by
Christopher Wright
Director
Company Registration No. 5498508
Wrightsound Ltd
Notes to the Accounts
for the year ended 31 July 2023
Wrightsound Ltd is a private company, limited by shares, registered in England and Wales, registration number 5498508. The registered office is 43 SEYMOUR ROAD, LONDON, N8 0BJ.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2022
161,986
33,631
195,617
At 31 July 2023
180,547
33,631
214,178
At 1 August 2022
124,054
8,408
132,462
Charge for the year
9,483
8,408
17,891
At 31 July 2023
133,537
16,816
150,353
At 31 July 2023
47,010
16,815
63,825
At 31 July 2022
37,932
25,223
63,155
Wrightsound Ltd
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Trade debtors
8,876
12,513
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
332
-
Obligations under finance leases and hire purchase contracts
3,929
3,929
Taxes and social security
5,113
8,946
Loans from directors
56,188
64,786
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
11,584
15,702
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).