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REGISTERED NUMBER: 04470718 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

H C WRIGHT LIMITED

H C WRIGHT LIMITED (REGISTERED NUMBER: 04470718)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


H C WRIGHT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr. J. B. Wright



REGISTERED OFFICE: Millfield Barn
Mansgate Hill
Nettleton
MARKET RASEN
LN7 6NT



REGISTERED NUMBER: 04470718 (England and Wales)



ACCOUNTANTS: Smethurst & Co LLP
12 Abbey Road
GRIMSBY
DN32 0HL



BANKERS: Lloyds Bank plc
24 Mercer Row
LOUTH
LN11 9JQ

H C WRIGHT LIMITED (REGISTERED NUMBER: 04470718)

ABRIDGED BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 682,774 668,684
682,774 668,684

CURRENT ASSETS
Debtors 391,753 486,761
Cash at bank 2,442 13,587
394,195 500,348
CREDITORS
Amounts falling due within one year 949,917 864,119
NET CURRENT LIABILITIES (555,722 ) (363,771 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,052

304,913

CREDITORS
Amounts falling due after more than one
year

(340,869

)

(391,075

)

PROVISIONS FOR LIABILITIES (8,820 ) (17,551 )
NET LIABILITIES (222,637 ) (103,713 )

CAPITAL AND RESERVES
Allotted, called up and
fully paid share capital 1,000 1,000
Revaluation reserve 6 7,059 7,059
Profit and loss account (230,696 ) (111,772 )
SHAREHOLDERS' FUNDS (222,637 ) (103,713 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

H C WRIGHT LIMITED (REGISTERED NUMBER: 04470718)

ABRIDGED BALANCE SHEET - continued
31 JULY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 March 2024 and were signed by:





Mr. J. B. Wright - Director


H C WRIGHT LIMITED (REGISTERED NUMBER: 04470718)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

H C Wright Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of the sales of goods and services to customers.

Goodwill
Goodwill arising on the acquisition of businesses, represents the excess of the fair value of consideration over the fair value of identifiable assets and liabilities acquired.

Goodwill is amortised in equal instalments over its expected useful life which is estimated at ten years, except where it has been identified as impaired in the period, in which case it is written down as appropriate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 12.5% on cost and 10% Straight Line
Fixtures and fittings - 20% Reducing Balance
Motor vehicles - 20% Reducing Balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

H C WRIGHT LIMITED (REGISTERED NUMBER: 04470718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022
and 31 July 2023 100,000
AMORTISATION
At 1 August 2022
and 31 July 2023 100,000
NET BOOK VALUE

At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 August 2022 1,171,673
Additions 147,043
Disposals (21,413 )
At 31 July 2023 1,297,303
DEPRECIATION
At 1 August 2022 502,989
Charge for year 112,915
Eliminated on disposal (1,375 )
At 31 July 2023 614,529
NET BOOK VALUE
At 31 July 2023 682,774
At 31 July 2022 668,684

Cost or valuation at 31 July 2023 is represented by:

Totals
£   
Valuation in 2011 10,926
Cost 1,286,377
1,297,303

H C WRIGHT LIMITED (REGISTERED NUMBER: 04470718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST OR VALUATION
At 1 August 2022
and 31 July 2023 544,653
DEPRECIATION
At 1 August 2022 81,759
Charge for year 78,536
At 31 July 2023 160,295
NET BOOK VALUE
At 31 July 2023 384,358
At 31 July 2022 462,894

6. RESERVES
Revaluation
reserve
£   
At 1 August 2022
and 31 July 2023 7,059

7. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the company to the scheme and amounted to £7,796 (2022: £7,034)

The amount outstanding at the Balance Sheet date amounted to £1,273 (2022: £1,991).

8. GOING CONCERN

The financial statements have been prepared on a going concern basis as the Director continues to offer financial support. The company also has continued support from the bank as a result of charges over assets held privately by the shareholder. Should the company no longer be a going concern the Director believes that there are no material adjustments to the value of assets held in the balance sheet.