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REGISTERED NUMBER: 08374061 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

WIRED-RIGHT ELECTRICAL LTD

WIRED-RIGHT ELECTRICAL LTD (REGISTERED NUMBER: 08374061)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WIRED-RIGHT ELECTRICAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: M J Dent





REGISTERED OFFICE: 10 Beech Court
Hurst
Berkshire
RG10 0RQ





REGISTERED NUMBER: 08374061 (England and Wales)





ACCOUNTANTS: Vernon Gosling Friday Limited
10 Beech Court
Wokingham Road
Hurst
Reading
Berkshire
RG10 0RQ

WIRED-RIGHT ELECTRICAL LTD (REGISTERED NUMBER: 08374061)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 28,067 9,993
28,067 9,993

CURRENT ASSETS
Debtors 6 39,572 71,142
Cash at bank and in hand 9,335 33,057
48,907 104,199
CREDITORS
Amounts falling due within one year 7 52,523 83,708
NET CURRENT (LIABILITIES)/ASSETS (3,616 ) 20,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,451

30,484

CREDITORS
Amounts falling due after more than one
year

8

23,618

15,511
NET ASSETS 833 14,973

CAPITAL AND RESERVES
Called up share capital 2 1
Retained earnings 831 14,972
SHAREHOLDERS' FUNDS 833 14,973

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.

WIRED-RIGHT ELECTRICAL LTD (REGISTERED NUMBER: 08374061)

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 31 October 2024 and were signed by:





M J Dent - Director


WIRED-RIGHT ELECTRICAL LTD (REGISTERED NUMBER: 08374061)

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

1. STATUTORY INFORMATION

Wired-Right Electrical Ltd 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten 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.

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 etc - 25% on reducing balance and 25% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2023 - 3 ) .

WIRED-RIGHT ELECTRICAL LTD (REGISTERED NUMBER: 08374061)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 1,700
AMORTISATION
At 1 February 2023
and 31 January 2024 1,700
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 23,250
Additions 22,995
At 31 January 2024 46,245
DEPRECIATION
At 1 February 2023 13,257
Charge for year 4,921
At 31 January 2024 18,178
NET BOOK VALUE
At 31 January 2024 28,067
At 31 January 2023 9,993

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,147 11,727
Other debtors 33,425 59,415
39,572 71,142

WIRED-RIGHT ELECTRICAL LTD (REGISTERED NUMBER: 08374061)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts 6,266 8,517
Trade creditors 15,245 40,304
Taxation and social security 22,863 26,739
Other creditors 2,149 2,148
52,523 83,708

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,511 15,511
Hire purchase contracts 14,107 -
23,618 15,511

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
M J Dent
Balance outstanding at start of year 24,226 34,547
Amounts advanced 10,722 1,179
Amounts repaid (34,948 ) (11,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 24,226

There was an amount of £34,948 owed to the company by the director at the year end. This was not repaid within 9 months of the company year-end and therefore S455 tax has been included.