2023-04-012024-03-312024-03-31false13971526WRIGHT BROTHERS 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WRIGHT BROTHERS LIMITED

Registered Number
13971526
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

WRIGHT BROTHERS LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

WRIGHT, Alexander Paterson
WRIGHT, Angus Harry

Registered Address

15 Riverside Studios Amethyst Road
Newcastle Business Park
Newcastle Upon Tyne
NE4 7YL

Registered Number

13971526 (England and Wales)
WRIGHT BROTHERS LIMITED
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3733,300733,300
733,300733,300
Current assets
Debtors7502,111
Cash at bank and on hand5,04414,195
5,79416,306
Creditors amounts falling due within one year(5,509)(5,008)
Net current assets (liabilities)28511,298
Total assets less current liabilities733,585744,598
Creditors amounts falling due after one year(695,052)(727,552)
Net assets38,53317,046
Capital and reserves
Called up share capital100100
Profit and loss account38,43316,946
Shareholders' funds38,53317,046
The financial statements were approved and authorised for issue by the Board of Directors on 19 June 2024, and are signed on its behalf by:
WRIGHT, Angus Harry
Director
Registered Company No. 13971526
WRIGHT BROTHERS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 23733,300
At 31 March 24733,300
Net book value
At 31 March 24733,300
At 31 March 23733,300