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REGISTERED NUMBER: 06244425 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

D H Wright Joinery Limited

D H Wright Joinery Limited (Registered number: 06244425)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D H Wright Joinery Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M P Cotler
Mrs S L Wright





SECRETARY: Mrs S L Wright





REGISTERED OFFICE: The Barn
Hall Mews
Boston Spa
Wetherby
LS23 6DT





REGISTERED NUMBER: 06244425 (England and Wales)





ACCOUNTANTS: Northern Tonic Ltd
14 Clifton Moor Business Village
James Nicolson Link
York
YO30 4XG

D H Wright Joinery Limited (Registered number: 06244425)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 198,912 180,000
Tangible assets 5 341,516 298,756
540,428 478,756

CURRENT ASSETS
Stocks 6 25,112 12,831
Debtors 7 110,780 96,699
Cash at bank and in hand 109,903 148,011
245,795 257,541
CREDITORS
Amounts falling due within one year 8 530,430 478,385
NET CURRENT LIABILITIES (284,635 ) (220,844 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

255,793

257,912

CREDITORS
Amounts falling due after more than one
year

9

(191,464

)

(200,843

)

PROVISIONS FOR LIABILITIES 10 (55,215 ) (55,280 )
NET ASSETS 9,114 1,789

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9,112 1,787
SHAREHOLDERS' FUNDS 9,114 1,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

D H Wright Joinery Limited (Registered number: 06244425)

Balance Sheet - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





M P Cotler - Director


D H Wright Joinery Limited (Registered number: 06244425)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

D H Wright Joinery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 £.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

IP Agreements are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


D H Wright Joinery Limited (Registered number: 06244425)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
IP
Goodwill Agreements Totals
£    £    £   
COST
At 1 April 2023 200,000 - 200,000
Additions - 152,521 152,521
At 31 March 2024 200,000 152,521 352,521
AMORTISATION
At 1 April 2023 20,000 - 20,000
Amortisation for year 10,000 123,609 133,609
At 31 March 2024 30,000 123,609 153,609
NET BOOK VALUE
At 31 March 2024 170,000 28,912 198,912
At 31 March 2023 180,000 - 180,000

D H Wright Joinery Limited (Registered number: 06244425)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 294,340 24,477 117,806 30,285 466,908
Additions 91,249 - - 3,827 95,076
At 31 March 2024 385,589 24,477 117,806 34,112 561,984
DEPRECIATION
At 1 April 2023 113,734 10,548 19,744 24,126 168,152
Charge for year 28,749 1,393 19,613 2,561 52,316
At 31 March 2024 142,483 11,941 39,357 26,687 220,468
NET BOOK VALUE
At 31 March 2024 243,106 12,536 78,449 7,425 341,516
At 31 March 2023 180,606 13,929 98,062 6,159 298,756

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 25,112 12,831

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 25,647 76,158
Other debtors 10,580 17,911
Prepayments 74,553 2,630
110,780 96,699

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 51,969 55,141
Hire purchase contracts 71,828 47,395
Trade creditors 97,795 120,889
Social security and other taxes 21,505 15,012
VAT - 5,037
Other creditors 98,156 2,752
Deferred income 183,612 203,490
Accrued expenses 5,565 28,669
530,430 478,385

D H Wright Joinery Limited (Registered number: 06244425)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 1,667 11,667
Hire purchase contracts 179,797 179,176
191,464 200,843

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 55,215 55,280

Deferred
tax
£   
Balance at 1 April 2023 55,280
Provided during year (65 )
Balance at 31 March 2024 55,215

11. RELATED PARTY DISCLOSURES

Included within other creditors in an amount of £94,253 (2023 £nil) owed to DHW Joinery LLP, a partnership under common control.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mrs SL Wright and Mr MP Cotler by virtue of their shares in
the company.