Company Registration No. 07530013 (England and Wales)
WRIGHT & SPILLANE LIMITED
Unaudited accounts
for the year ended 31 March 2024
WRIGHT & SPILLANE LIMITED
Unaudited accounts
Contents
WRIGHT & SPILLANE LIMITED
Company Information
for the year ended 31 March 2024
Directors
Mr Patrick Thomas Spillane
Miss Paula Jane Wright
Company Number
07530013 (England and Wales)
Registered Office
UNIT 27 STATION HILL
THURSTON
BURY ST. EDMUNDS
SUFFOLK
IP31 3QU
ENGLAND
Accountants
ABBEYGATE ACCOUNTANCY LTD
UNIT 27 STATION HILL
THURSTON
BURY ST. EDMUNDS
ENGLAND
IP31 3QU
WRIGHT & SPILLANE LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
273,597
273,130
Cash at bank and in hand
42,816
122,115
Creditors: amounts falling due within one year
(118,953)
(249,528)
Net current liabilities
(71,170)
(123,803)
Total assets less current liabilities
202,427
149,327
Creditors: amounts falling due after more than one year
(15,937)
(17,993)
Provisions for liabilities
Deferred tax
(9,894)
(10,032)
Net assets
176,596
121,302
Called up share capital
2
2
Profit and loss account
176,594
121,300
Shareholders' funds
176,596
121,302
For the year ending 31 March 2024 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 19 July 2024 and were signed on its behalf by
Mr Patrick Thomas Spillane
Director
Company Registration No. 07530013
WRIGHT & SPILLANE LIMITED
Notes to the Accounts
for the year ended 31 March 2024
WRIGHT & SPILLANE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07530013. The registered office is UNIT 27 STATION HILL, THURSTON, BURY ST. EDMUNDS, SUFFOLK, IP31 3QU, ENGLAND.
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.
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
10% on straight line method
Fixtures & fittings
20% on reducing balance method
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
221,523
25,729
83,539
330,791
Additions
-
-
11,430
11,430
At 31 March 2024
221,523
25,729
94,969
342,221
At 1 April 2023
-
13,653
44,008
57,661
Charge for the year
-
2,212
8,751
10,963
At 31 March 2024
-
15,865
52,759
68,624
At 31 March 2024
221,523
9,864
42,210
273,597
At 31 March 2023
221,523
12,076
39,531
273,130
Amounts falling due within one year
Accrued income and prepayments
940
497
WRIGHT & SPILLANE LIMITED
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
15,933
13,478
Loans from directors
95,176
231,463
7
Creditors: amounts falling due after more than one year
2024
2023
Amount due to directors at balance sheet date is £93,176 (2023: £231,463).
9
Average number of employees
During the year the average number of employees was 4 (2023: 2).