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REGISTERED NUMBER: 00431477 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

WAINWRIGHT & SONS (RISBOROUGH) LIMITED

WAINWRIGHT & SONS (RISBOROUGH) LIMITED (REGISTERED NUMBER: 00431477)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company information 1

Chartered accountants' report 2

Balance sheet 3

Notes to the financial statements 5


WAINWRIGHT & SONS (RISBOROUGH) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: D R Wainwright



SECRETARY: A L Wainwright



REGISTERED OFFICE: 56 High Street
Princes Risborough
Buckinghamshire
HP27 0BA



REGISTERED NUMBER: 00431477 (England and Wales)



ACCOUNTANTS: Johnsons, Chartered Accountants
1-2 Craven Road
Ealing
London
W5 2UA



BANKERS: National Westminster Bank plc
Aylesbury Branch
22 Market Square
Aylesbury
Buckinghamshire
HP20 1TR

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WAINWRIGHT & SONS (RISBOROUGH) LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wainwright & Sons (Risborough) Limited for the year ended 31 January 2024 which comprise the Statement of income and retained earnings, Balance sheet 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Wainwright & Sons (Risborough) Limited in accordance with the terms of our engagement letter dated 20 May 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Wainwright & Sons (Risborough) Limited and state those matters that we have agreed to state to the director of Wainwright & Sons (Risborough) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wainwright & Sons (Risborough) Limited and its director for our work or for this report.

It is your duty to ensure that Wainwright & Sons (Risborough) 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 Wainwright & Sons (Risborough) Limited. You consider that Wainwright & Sons (Risborough) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wainwright & Sons (Risborough) 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.






Johnsons, Chartered Accountants
1-2 Craven Road
Ealing
London
W5 2UA


11 October 2024

WAINWRIGHT & SONS (RISBOROUGH) LIMITED (REGISTERED NUMBER: 00431477)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 44,655 37,862

CURRENT ASSETS
Stocks 648,419 648,689
Debtors 5 14,469 10,579
Prepayments and accrued income 1,228 1,183
Cash at bank and in hand 84,441 102,153
748,557 762,604
CREDITORS
Amounts falling due within one year 6 (127,041 ) (123,157 )
NET CURRENT ASSETS 621,516 639,447
TOTAL ASSETS LESS CURRENT
LIABILITIES

666,171

677,309

CREDITORS
Amounts falling due after more than one
year

7

(60,667

)

(83,588

)
NET ASSETS 605,504 593,721

CAPITAL AND RESERVES
Called up share capital 10 12,825 12,825
Revaluation reserve 11 36,509 36,509
Capital redemption reserve 32,375 32,375
Retained earnings 523,795 512,012
SHAREHOLDERS' FUNDS 605,504 593,721

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

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

The director acknowledges his 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.

WAINWRIGHT & SONS (RISBOROUGH) LIMITED (REGISTERED NUMBER: 00431477)

BALANCE SHEET - continued
31 JANUARY 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 October 2024 and were signed by:





D R Wainwright - Director


WAINWRIGHT & SONS (RISBOROUGH) LIMITED (REGISTERED NUMBER: 00431477)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Wainwright & Sons (Risborough) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

TURNOVER
Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Land and buildings - 2% on cost and Straight line over the life of the lease
Short leasehold -15% on cost
Plant and machinery etc - 33% on cost and 25% on reducing balance
Motor vehicles - 25% 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.

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.

PREFERENCE SHARES
The 3.5% preference shares are a compound financial instrument (having the characteristics of both a financial liability and equity). The net present value of the financial liability element using a discount rate of 5% is £4,800 (2023: £4,800).

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 20 ) .

WAINWRIGHT & SONS (RISBOROUGH) LIMITED (REGISTERED NUMBER: 00431477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and Motor
property leasehold machinery vehicles Totals
£    £    £    £    £   
COST
At 1 February 2023 73,000 49,010 163,396 4,999 290,405
Additions - - 11,145 - 11,145
At 31 January 2024 73,000 49,010 174,541 4,999 301,550
DEPRECIATION
At 1 February 2023 42,040 49,010 156,494 4,999 252,543
Charge for year 940 - 3,412 - 4,352
At 31 January 2024 42,980 49,010 159,906 4,999 256,895
NET BOOK VALUE
At 31 January 2024 30,020 - 14,635 - 44,655
At 31 January 2023 30,960 - 6,902 - 37,862

Included in cost of land and buildings is freehold land of £ 26,000 (2023 - £ 26,000 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 14,469 10,579

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,001 33,080
Trade creditors 19,793 4,718
Taxation and social security 44,856 55,792
Other creditors 34,391 29,567
127,041 123,157

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 60,667 83,588

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 77,500 90,128
Between one and five years 219,583 297,083
297,083 387,211

WAINWRIGHT & SONS (RISBOROUGH) LIMITED (REGISTERED NUMBER: 00431477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. LEASING AGREEMENTS - continued

Non-cancellable operating lease commitments relate to leases for premises and vehicles.

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 88,668 116,668

Bank borrowings are secured by a legal charge over the freehold property of the company and a debenture over all assets of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,375 Ordinary 1 10,375 10,375
2,450 3.5% Preference 1 2,450 2,450
12,825 12,825

The 3.5% preference shares entitle the holders to a fixed preferential cumulative dividend of 3.5% per annum and a preferential repayment of capital in a winding up of the company and rank both for dividend and capital in priority to the holders of ordinary shares. The holders are not entitled to any further participation in the profits or assets of the company, receive notice of, attend or vote at company meetings unless the dividends on the preference shares are twelve months in arrears.

11. RESERVES
Revaluation
reserve
£   
At 1 February 2023
and 31 January 2024 36,509