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
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
Richard Wright Accident Repair Centre Limited
Statement of financial position
as at 30 March 2023
Tangible assets
661,876
681,072
Cash at bank and in hand
74,879
115,045
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
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
Richard Wright Accident Repair Centre Limited
Notes to the Accounts
for the year ended 30 March 2023
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.
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 in accordance with the provisions of FRS 102 Section 1A small entities. There were no material departures from that standard
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
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
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
Richard Wright Accident Repair Centre Limited
Notes to the Accounts
for the year ended 30 March 2023
Amounts falling due within one year
Trade debtors
492,210
415,192
Accrued income and prepayments
999
999
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,649
10,649
Trade creditors
260,057
186,349
Taxes and social security
27,764
12,388
Loans from directors
86,033
65,897
7
Creditors: amounts falling due after more than one year
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).