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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
Page
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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
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WRIGHT & SPILLANE LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
273,597 
273,130 
Current assets
Inventories
4,027 
3,113 
Debtors
940 
497 
Cash at bank and in hand
42,816 
122,115 
47,783 
125,725 
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 
Capital and reserves
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
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WRIGHT & SPILLANE LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 March 2024
221,523 
9,864 
42,210 
273,597 
At 31 March 2023
221,523 
12,076 
39,531 
273,130 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
940 
497 
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WRIGHT & SPILLANE LIMITED Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,165 
3,974 
Trade creditors
2,633 
- 
Taxes and social security
15,933 
13,478 
Other creditors
2,046 
613 
Loans from directors
95,176 
231,463 
118,953 
249,528 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,937 
17,993 
8
Loans to directors
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).
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