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REGISTERED NUMBER: 05169423 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Steve Wright (Poultry) Limited

Steve Wright (Poultry) Limited (Registered number: 05169423)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Steve Wright (Poultry) Limited

Company Information
for the Year Ended 31 March 2024







Directors: Mr S L Wright
Mrs J M Wright





Registered office: 2 Park Close
Bridge Street
Driffield
East Yorkshire
YO25 6DN





Registered number: 05169423 (England and Wales)





Accountants: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

Steve Wright (Poultry) Limited (Registered number: 05169423)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,536 8,757

CURRENT ASSETS
Debtors 5 10,982 8,218
Cash at bank 48,718 27,497
59,700 35,715
CREDITORS
Amounts falling due within one year 6 40,225 13,963
NET CURRENT ASSETS 19,475 21,752
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,011

30,509

PROVISIONS FOR LIABILITIES 7 1,242 1,664
NET ASSETS 24,769 28,845

CAPITAL AND RESERVES
Called up share capital 8 102 102
Retained earnings 24,667 28,743
SHAREHOLDERS' FUNDS 24,769 28,845

Steve Wright (Poultry) Limited (Registered number: 05169423)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

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 Board of Directors and authorised for issue on 17 July 2024 and were signed on its behalf by:





Mr S L Wright - Director


Steve Wright (Poultry) Limited (Registered number: 05169423)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Steve Wright (Poultry) 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.

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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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.

Steve Wright (Poultry) Limited (Registered number: 05169423)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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 5 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 700 1,346 20,000 3,253 25,299
DEPRECIATION
At 1 April 2023 613 1,156 11,563 3,210 16,542
Charge for year 70 29 2,109 13 2,221
At 31 March 2024 683 1,185 13,672 3,223 18,763
NET BOOK VALUE
At 31 March 2024 17 161 6,328 30 6,536
At 31 March 2023 87 190 8,437 43 8,757

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,765 8,023
Prepayments and accrued income 217 195
10,982 8,218

Steve Wright (Poultry) Limited (Registered number: 05169423)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 6,503 4,950
Social security and other taxes 3,533 2,626
VAT 10,351 3,122
Other creditors 2,423 -
Directors' current accounts 14,436 386
Accruals and deferred income 2,979 2,879
40,225 13,963

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 1,242 1,664

Deferred
tax
£   
Balance at 1 April 2023 1,664
Provided during year (422 )
Balance at 31 March 2024 1,242

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
102 102

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S L Wright.