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REGISTERED NUMBER: 03914979 (England and Wales)















Unaudited Financial Statements

for the Period 1 February 2023 to 30 November 2023

for

Wright Mortgage Company Limited

Wright Mortgage Company Limited (Registered number: 03914979)






Contents of the Financial Statements
for the Period 1 February 2023 to 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wright Mortgage Company Limited

Company Information
for the Period 1 February 2023 to 30 November 2023







DIRECTOR: J Carpenter





REGISTERED OFFICE: 27 Market Place
Bingham
Nottinghamshire
NG13 8JY





REGISTERED NUMBER: 03914979 (England and Wales)





ACCOUNTANTS: Xeinadin
Cabourn House
Station Street
Bingham
Nottinghamshire
NG13 8AQ

Wright Mortgage Company Limited (Registered number: 03914979)

Balance Sheet
30 November 2023

30.11.23 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 123,235

CURRENT ASSETS
Debtors 5 28,979 21,414
Cash at bank 48,111 73,568
77,090 94,982
CREDITORS
Amounts falling due within one year 6 52,994 51,525
NET CURRENT ASSETS 24,096 43,457
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,096

166,692

PROVISIONS FOR LIABILITIES - 20,533
NET ASSETS 24,096 146,159

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 23,996 146,059
SHAREHOLDERS' FUNDS 24,096 146,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2023 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.

Wright Mortgage Company Limited (Registered number: 03914979)

Balance Sheet - continued
30 November 2023


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 director and authorised for issue on 6 November 2024 and were signed by:





J Carpenter - Director


Wright Mortgage Company Limited (Registered number: 03914979)

Notes to the Financial Statements
for the Period 1 February 2023 to 30 November 2023

1. STATUTORY INFORMATION

Wright Mortgage Company 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.

Turnover
Turnover is comprised of commissions from insurance and mortgage companies and fees from customers. Commission income is recognised when the transaction has completed. Fee income is non-refundable and recognised on receipt. The company is exempt from Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office & computer equipment - 25% on cost

Taxation
Taxation for the period 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.

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 period 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 period was 6 (2023 - 11 ) .

Wright Mortgage Company Limited (Registered number: 03914979)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 341,848
Additions 1,825
Disposals (343,673 )
At 30 November 2023 -
DEPRECIATION
At 1 February 2023 218,613
Charge for period 20,241
Eliminated on disposal (238,854 )
At 30 November 2023 -
NET BOOK VALUE
At 30 November 2023 -
At 31 January 2023 123,235

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 31.1.23
£    £   
Trade debtors 24,558 20,762
Other debtors 4,421 652
28,979 21,414

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 31.1.23
£    £   
Taxation and social security 2,349 29,797
Other creditors 50,645 21,728
52,994 51,525

Wright Mortgage Company Limited (Registered number: 03914979)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 30 November 2023

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 November 2023 and the year ended 31 January 2023:

30.11.23 31.1.23
£    £   
B T Wright
Balance outstanding at start of period - 39,570
Amounts repaid - (39,570 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - -