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COMPANY REGISTRATION NUMBER: SC378034
Andrew Wright 2010 Holdings Limited
Filleted Unaudited Financial Statements
31 December 2023
Andrew Wright 2010 Holdings Limited
Financial Statements
Period from 1 September 2022 to 31 December 2023
Contents
Page
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
3
Andrew Wright 2010 Holdings Limited
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Andrew Wright 2010 Holdings Limited
Period from 1 September 2022 to 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Andrew Wright 2010 Holdings Limited for the period ended 31 December 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Andrew Wright 2010 Holdings Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Andrew Wright 2010 Holdings Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Andrew Wright 2010 Holdings Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Andrew Wright 2010 Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Andrew Wright 2010 Holdings Limited. You consider that Andrew Wright 2010 Holdings Limited is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of Andrew Wright 2010 Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
GILLILAND & COMPANY Chartered Accountants
216 West George Street Glasgow G2 2PQ
20 September 2024
Andrew Wright 2010 Holdings Limited
Statement of Financial Position
31 December 2023
31 Dec 23
31 Aug 22
Note
£
£
£
Fixed assets
Investments
4
103
103
Current assets
Debtors
5
27,500
Cash at bank and in hand
14,364
209,553
--------
---------
41,864
209,553
Creditors: amounts falling due within one year
6
2,167
169,332
--------
---------
Net current assets
39,697
40,221
--------
--------
Total assets less current liabilities
39,800
40,324
--------
--------
Net assets
39,800
40,324
--------
--------
Capital and reserves
Called up share capital
102
102
Profit and loss account
39,698
40,222
--------
--------
Shareholders funds
39,800
40,324
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 20 September 2024 , and are signed on behalf of the board by:
Mr M Bradford
Mr A Fraser
Director
Director
Company registration number: SC378034
Andrew Wright 2010 Holdings Limited
Notes to the Financial Statements
Period from 1 September 2022 to 31 December 2023
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 9/11 Telford Place, South Newmoor Industrial Estate,, Irvine, Ayrshire, KA11 4HW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change of value.
Reporting period
The company is presenting the financial statements for a 16 month period to align the accounting period end with the end of the calendar year and with the other group companies. Therefore the comparative amounts are not entirely comparable.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Investments
Shares in group undertakings
£
Cost
At 1 September 2022 and 31 December 2023
103
----
Impairment
At 1 September 2022 and 31 December 2023
----
Carrying amount
At 31 December 2023
103
----
At 31 August 2022
103
----
Details of the company's subsidiaries at 31 December 2023 are as follows:
Name of undertaking- Andrew Wright Windows Limited
Registered Office- 9/11 Telford Place, South Newmoor Industrial Estate, Irvine KA11 4HW Class of shares held- Ordinary
% held Direct- 100.00%
Name of undertaking- Andrew Wright (PVC) Limited
Registered Office- 9/11 Telford Place, South Newmoor Industrial Estate, Irvine KA11 4HW Class of shares held- Ordinary
% held Direct- 100.00%
5. Debtors
31 Dec 23
31 Aug 22
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
27,500
--------
----
6. Creditors: amounts falling due within one year
31 Dec 23
31 Aug 22
£
£
Amounts owed to group undertakings
807
168,307
Accruals and deferred income
960
625
Director loan accounts
400
400
-------
---------
2,167
169,332
-------
---------
7. Securities
Charles and Bernadine Berry hold a floating charge over the company's property and assets containing negative pledge.
8. Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
9. Controlling party
Andrew Wright Holdings Limited is regarded by the directors as being the company's ultimate parent company, registered office 9/11 Telford Place, South Newmoor Industrial Estate, Irvine, Ayrshire, Scotland, KA11 4HW.