Company registration number 13732992 (England and Wales)
M J WRIGHT PLASTERING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
M J WRIGHT PLASTERING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
M J WRIGHT PLASTERING LIMITED (REGISTERED NUMBER: 13732992)
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
7,418
9,891
Current assets
Debtors
4
2,970
2,282
Cash at bank and in hand
6,872
16,289
9,842
18,571
Creditors: amounts falling due within one year
5
(9,658)
(20,164)
Net current assets/(liabilities)
184
(1,593)
Net assets
7,602
8,298
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
7,601
8,297
Total equity
7,602
8,298

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 17 July 2024
Mr M J Wright
Director
M J WRIGHT PLASTERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information

M J Wright Plastering Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Upper Grosvenor Road, Tunbridge Wells, England, TN1 2EP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is represents amounts receivable for plastering goods and services.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.5
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

M J WRIGHT PLASTERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
2
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 December 2022 and 30 November 2023
13,188
Depreciation and impairment
At 1 December 2022
3,297
Depreciation charged in the year
2,473
At 30 November 2023
5,770
Carrying amount
At 30 November 2023
7,418
At 30 November 2022
9,891
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
2,970
2,282
5
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
9,213
15,715
Other creditors
445
4,449
9,658
20,164
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