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REGISTERED NUMBER: 07821381 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 October 2023


for



Wrightune Ltd



Wrightune Ltd (Registered number: 07821381)








Contents of the Financial Statements

for the Year Ended 31 October 2023





Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

4





Wrightune Ltd



Company Information

for the Year Ended 31 October 2023









DIRECTORS:

A D Wright


Mr C M Wright







REGISTERED OFFICE:

Boston House


Grove Business park


Downsview Road


Wantage


Oxfordshire


OX12 9FF







REGISTERED NUMBER:

07821381 (England and Wales)







ACCOUNTANTS:

Webb Teasdale Accountancy Ltd


Boston House


Grove Business Park


Downsview Road


Wantage


Oxfordshire


OX12 9FF



Wrightune Ltd (Registered number: 07821381)



Balance Sheet

31 October 2023



2023

2022



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

39,066


8,704




CURRENT ASSETS

Stocks

7,938


13,931



Debtors

5

37,908


17,276



Cash at bank

189,901


218,972



235,747


250,179



CREDITORS

Amounts falling due within one year

6

97,125


76,823



NET CURRENT ASSETS

138,622


173,356



TOTAL ASSETS LESS CURRENT

LIABILITIES

177,688


182,060




CREDITORS

Amounts falling due after more than one

year

7

(25,056

)

(35,168

)



PROVISIONS FOR LIABILITIES

(313

)

(1,654

)


NET ASSETS

152,319


145,238




CAPITAL AND RESERVES

Called up share capital

75


75



Capital redemption reserve

8

25


25



Retained earnings

8

152,219


145,138



SHAREHOLDERS' FUNDS

152,319


145,238




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


The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.



Wrightune Ltd (Registered number: 07821381)



Balance Sheet - continued

31 October 2023



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 Income Statement has not been delivered.


The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





A D Wright - Director




Mr C M Wright - Director




Wrightune Ltd (Registered number: 07821381)



Notes to the Financial Statements

for the Year Ended 31 October 2023


1.

STATUTORY INFORMATION



Wrightune Ltd 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.  


Plant and machinery

-

20% straight line


Motor vehicles

-

20% on reducing balance


Computer equipment

-

33% straight line



Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.


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.



Wrightune Ltd (Registered number: 07821381)



Notes to the Financial Statements - continued

for the Year Ended 31 October 2023


3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 4 (2022 - 4 ) .


4.

TANGIBLE FIXED ASSETS


Plant and


Motor


Computer



machinery


vehicles


equipment


Totals

£   

£   

£   

£   



COST


At 1 November 2022

8,229


17,495


1,961


27,685




Additions

-


40,000


611


40,611




At 31 October 2023

8,229


57,495


2,572


68,296




DEPRECIATION


At 1 November 2022

6,691


10,329


1,961


18,981




Charge for year

613


9,433


203


10,249




At 31 October 2023

7,304


19,762


2,164


29,230




NET BOOK VALUE


At 31 October 2023

925


37,733


408


39,066




At 31 October 2022

1,538


7,166


-


8,704




5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Trade debtors

25,749


14,238




Other debtors

12,159


3,038



37,908


17,276




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Bank loans and overdrafts

26,842


16,389




Hire purchase contracts

-


3,048




Payments on account

15,283


-




Trade creditors

16,430


10,860




Taxation and social security

32,745


30,439




Other creditors

5,825


16,087



97,125


76,823




7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR


2023

2022


£   

£   



Bank loans

25,056


35,168





Wrightune Ltd (Registered number: 07821381)



Notes to the Financial Statements - continued

for the Year Ended 31 October 2023


8.

RESERVES


Capital



Retained


redemption



earnings


reserve


Totals

£   

£   

£   




At 1 November 2022

145,138


25


145,163




Profit for the year

65,231


65,231




Dividends

(58,150

)

(58,150

)



At 31 October 2023

152,219


25


152,244




9.

DIRECTORS' ADVANCES, CREDITS AND GUARANTEES


Directors loans are repayable on demand, and are interest free up to a limit of £10000 above which interest will be charged at the HMRC specified rate.

As at 31st October 2023 the Director's owed the company £8,482.88. This was repaid on 30th April 2024.