Company Registration No. 06388495 (England and Wales)
A J Wragg Ltd
Unaudited accounts
for the year ended 31 October 2023
A J Wragg Ltd
Unaudited accounts
Contents
A J Wragg Ltd
Company Information
for the year ended 31 October 2023
Director
Andrew John Wragg
Company Number
06388495 (England and Wales)
Registered Office
Jasmine Cottage
Rowland
Bakewell
Derbyshire
DE45 1NR
Accountants
Andrew B Sharkey Ltd
Jasmine Cottage
Rowland
Bakewell
Derbyshire
DE45 1NR
A J Wragg Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
4,350
5,438
Cash at bank and in hand
15,193
7,266
Creditors: amounts falling due within one year
(7,843)
(7,153)
Net current assets
7,350
113
Called up share capital
100
100
Profit and loss account
11,600
5,451
Shareholders' funds
11,700
5,551
For the year ending 31 October 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 20 February 2024 and were signed on its behalf by
Andrew John Wragg
Director
Company Registration No. 06388495
A J Wragg Ltd
Notes to the Accounts
for the year ended 31 October 2023
A J Wragg Ltd is a private company, limited by shares, registered in England and Wales, registration number 06388495. The registered office is Jasmine Cottage, Rowland, Bakewell, Derbyshire, DE45 1NR. The principal place of business is Byways, Brackenfield Lane, Wessington, Derbyshire, DE55 6DW.
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
20% reducing balance
Motor vehicles
20% reducing balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
A J Wragg Ltd
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2022
3,184
7,500
10,684
At 31 October 2023
3,184
7,500
10,684
At 1 November 2022
2,546
2,700
5,246
Charge for the year
128
960
1,088
At 31 October 2023
2,674
3,660
6,334
At 31 October 2023
510
3,840
4,350
At 31 October 2022
638
4,800
5,438
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
5,685
2,927
Loans from directors
2,158
4,226
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).