1 March 2023 false No description of principal activity Taxfiler 2024.5 08398872business:PrivateLimitedCompanyLtd2023-03-012024-02-28 083988722023-02-28 083988722023-03-012024-02-28 08398872business:AuditExempt-NoAccountantsReport2023-03-012024-02-28 08398872business:FilletedAccounts2023-03-012024-02-28 083988722024-02-28 08398872business:Director12023-03-012024-02-28 08398872business:RegisteredOffice2023-03-012024-02-28 083988722023-02-28 08398872core:WithinOneYear2024-02-28 08398872core:WithinOneYear2023-02-28 08398872core:SharePremiumcore:PreviouslyStatedAmount2024-02-28 08398872core:SharePremiumcore:PreviouslyStatedAmount2023-02-28 08398872core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-28 08398872core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 08398872core:PreviouslyStatedAmount2024-02-28 08398872core:PreviouslyStatedAmount2023-02-28 08398872business:SmallEntities2023-03-012024-02-28 08398872countries:EnglandWales2023-03-012024-02-28 08398872core:PlantMachinery2023-03-012024-02-28 08398872core:MotorVehicles2023-03-012024-02-28 08398872core:PlantMachinery2023-02-28 08398872core:MotorVehicles2023-02-28 08398872core:PlantMachinery2024-02-28 08398872core:MotorVehicles2024-02-28 083988722022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 08398872 (England and Wales)
Wrights Division Clearances Ltd Unaudited accounts for the period from 1 March 2023 to 28 February 2024
Wrights Division Clearances Ltd Unaudited accounts Contents
Page
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Wrights Division Clearances Ltd Company Information for the period from 1 March 2023 to 28 February 2024
Director
S R Wright
Company Number
08398872 (England and Wales)
Registered Office
40 Sandpits Leominster HR6 8HT
Accountants
Armstrong Rogers & Co 45 Etnam Street Leominster Herefordshire HR6 8AE
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Wrights Division Clearances Ltd Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,356 
7,516 
Current assets
Inventories
5,690 
2,240 
Debtors
1,301 
880 
Cash at bank and in hand
223 
2,253 
7,214 
5,373 
Creditors: amounts falling due within one year
(22,617)
(29,162)
Net current liabilities
(15,403)
(23,789)
Net liabilities
(11,047)
(16,273)
Capital and reserves
Share premium
2 
2 
Profit and loss account
(11,049)
(16,275)
Shareholders' funds
(11,047)
(16,273)
For the period ending 28 February 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 director acknowledges his 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 and authorised for issue on 12 September 2024 and were signed on its behalf by
S R Wright Director Company Registration No. 08398872
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Wrights Division Clearances Ltd Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
Wrights Division Clearances Ltd is a private company, limited by shares, registered in England and Wales, registration number 08398872. The registered office is 40 Sandpits, Leominster, HR6 8HT.
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 period, 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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
25% Reducing Balance Basis
Motor vehicles
25% Reducing Balance Basis
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Wrights Division Clearances Ltd Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
10,313 
21,000 
31,313 
Disposals
(7,195)
- 
(7,195)
At 28 February 2024
3,118 
21,000 
24,118 
Depreciation
At 1 March 2023
7,780 
16,017 
23,797 
Charge for the period
207 
1,246 
1,453 
On disposals
(5,488)
- 
(5,488)
At 28 February 2024
2,499 
17,263 
19,762 
Net book value
At 28 February 2024
619 
3,737 
4,356 
At 28 February 2023
2,533 
4,983 
7,516 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
880 
Other debtors
1,301 
- 
1,301 
880 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,526 
- 
Trade creditors
1,794 
156 
Loans from directors
18,407 
28,226 
Accruals
890 
780 
22,617 
29,162 
7
Transactions with related parties
At the 28 February 2024 the company owed £18,407 (2023 - £28,226) to S R Wright in respect of his Directors Account.
8
Average number of employees
During the period the average number of employees was 2 (2023: 2).
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