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
Wrights Division Clearances Ltd
Company Information
for the period from 1 March 2023 to 28 February 2024
Company Number
08398872 (England and Wales)
Registered Office
40 Sandpits
Leominster
HR6 8HT
Accountants
Armstrong Rogers & Co
45 Etnam Street
Leominster
Herefordshire
HR6 8AE
Wrights Division Clearances Ltd
Statement of financial position
as at 28 February 2024
Tangible assets
4,356
7,516
Cash at bank and in hand
223
2,253
Creditors: amounts falling due within one year
(22,617)
(29,162)
Net current liabilities
(15,403)
(23,789)
Net liabilities
(11,047)
(16,273)
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
Wrights Division Clearances Ltd
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
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.
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.
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.
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
Wrights Division Clearances Ltd
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
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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
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
At 28 February 2024
619
3,737
4,356
At 28 February 2023
2,533
4,983
7,516
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,526
-
Loans from directors
18,407
28,226
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).