31 March 2022 false No description of principal activity Taxfiler 2023.11 04402775business:PrivateLimitedCompanyLtd2022-03-312023-03-30 044027752022-03-30 044027752022-03-312023-03-30 04402775business:AuditExemptWithAccountantsReport2022-03-312023-03-30 04402775business:FilletedAccounts2022-03-312023-03-30 044027752023-03-30 04402775business:Director12022-03-312023-03-30 04402775business:Director22022-03-312023-03-30 04402775business:RegisteredOffice2022-03-312023-03-30 044027752022-03-30 04402775core:WithinOneYear2023-03-30 04402775core:WithinOneYear2022-03-30 04402775core:AfterOneYear2023-03-30 04402775core:AfterOneYear2022-03-30 04402775core:ShareCapitalcore:PreviouslyStatedAmount2023-03-30 04402775core:ShareCapitalcore:PreviouslyStatedAmount2022-03-30 04402775core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-30 04402775core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-30 04402775core:PreviouslyStatedAmount2023-03-30 04402775core:PreviouslyStatedAmount2022-03-30 04402775business:SmallEntities2022-03-312023-03-30 04402775countries:EnglandWales2022-03-312023-03-30 04402775core:PlantMachinery2022-03-312023-03-30 04402775core:MotorVehicles2022-03-312023-03-30 04402775core:FurnitureFittings2022-03-312023-03-30 04402775core:ComputerEquipment2022-03-312023-03-30 04402775core:LandBuildings2022-03-30 04402775core:PlantMachinery2022-03-30 04402775core:MotorVehicles2022-03-30 04402775core:FurnitureFittings2022-03-30 04402775core:LandBuildings2023-03-30 04402775core:PlantMachinery2023-03-30 04402775core:MotorVehicles2023-03-30 04402775core:FurnitureFittings2023-03-30 04402775core:LandBuildings2022-03-312023-03-30 04402775business:OrdinaryShareClass12022-03-312023-03-30 04402775business:OrdinaryShareClass12021-03-312022-03-30 044027752021-03-312022-03-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 04402775 (England and Wales)
Richard Wright Accident Repair Centre Limited Unaudited accounts for the year ended 30 March 2023
Richard Wright Accident Repair Centre Limited Unaudited accounts Contents
Page
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Richard Wright Accident Repair Centre Limited Company Information for the year ended 30 March 2023
Directors
Mr Richard Wright Mrs Jacqueline Wright
Company Number
04402775 (England and Wales)
Registered Office
TILCON AVENUE STAFFORD STAFFORDSHIRE ST18 0YJ
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Richard Wright Accident Repair Centre Limited Statement of financial position as at 30 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
661,876 
681,072 
Current assets
Inventories
84,634 
58,632 
Debtors
493,209 
416,191 
Cash at bank and in hand
74,879 
115,045 
652,722 
589,868 
Creditors: amounts falling due within one year
(398,949)
(351,012)
Net current assets
253,773 
238,856 
Total assets less current liabilities
915,649 
919,928 
Creditors: amounts falling due after more than one year
(20,714)
(31,364)
Provisions for liabilities
Deferred tax
(8,264)
(8,264)
Net assets
886,671 
880,300 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
886,669 
880,298 
Shareholders' funds
886,671 
880,300 
For the year ending 30 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 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 22 December 2023 and were signed on its behalf by
Mr Richard Wright Director Company Registration No. 04402775
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Richard Wright Accident Repair Centre Limited Notes to the Accounts for the year ended 30 March 2023
1
Statutory information
Richard Wright Accident Repair Centre Limited is a private company, limited by shares, registered in England and Wales, registration number 04402775. The registered office is TILCON AVENUE, STAFFORD, STAFFORDSHIRE, ST18 0YJ.
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.
3
Accounting policies
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.
Basis of preparation
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
Presentation currency
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 31 March 2022
604,283 
483,747 
146,680 
76,093 
1,310,803 
At 30 March 2023
604,283 
483,747 
146,680 
76,093 
1,310,803 
Depreciation
At 31 March 2022
- 
439,580 
114,787 
75,364 
629,731 
Charge for the year
- 
11,041 
7,973 
182 
19,196 
At 30 March 2023
- 
450,621 
122,760 
75,546 
648,927 
Net book value
At 30 March 2023
604,283 
33,126 
23,920 
547 
661,876 
At 30 March 2022
604,283 
44,167 
31,893 
729 
681,072 
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Richard Wright Accident Repair Centre Limited Notes to the Accounts for the year ended 30 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
492,210 
415,192 
Accrued income and prepayments
999 
999 
493,209 
416,191 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,649 
10,649 
VAT
14,446 
65,772 
Trade creditors
260,057 
186,349 
Taxes and social security
27,764 
12,388 
Other creditors
- 
9,957 
Loans from directors
86,033 
65,897 
398,949 
351,012 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,714 
31,364 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 25 (2022: 26).
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