Registered number: 08907525 | ||||||||
FOR THE YEAR ENDED 28/02/2024 | ||||||||
Prepared By: | ||||||||
Delrose Consulting Ltd | ||||||||
Chartered Management Accountants | ||||||||
Wittas House | ||||||||
Two Rivers | ||||||||
Station Lane | ||||||||
Witney | ||||||||
OX28 4BH |
Ben Wright Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
734,133 | 873,189 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 564,597 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 655,903 | 586,866 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Ben Wright Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 28/02/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Depreciation | ||||||||
Short Leasehold Properties | straight line 5% | |||||||
Plant and Machinery | reducing balance 25% | |||||||
Fixtures and Fittings | reducing balance 25% | |||||||
Equipment | reducing balance 25% |
1b. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1c. Foreign Currency | ||||||||
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated. |
1d. Basis Of Accounting FRS 1021 a | ||||||||
These financial statements have been prepared in accordance with the provisions of Section 1A 'Small Entities' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The Financial Statements have been prepared under the historical cost convention. |
Ben Wright Limited | ||||||||
2. TANGIBLE FIXED ASSETS | ||||||||||
Short Leasehold | Plant and | Fixtures | ||||||||
Properties | Machinery | and Fittings | Equipment | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 01/03/2023 | 20,591 | 8,026 | 61,405 | 21,329 | 111,351 | |||||
Additions | - | - | 18,793 | - | 18,793 | |||||
At 28/02/2024 | 20,591 | 8,026 | 80,198 | 21,329 | 130,144 | |||||
Depreciation | ||||||||||
At 01/03/2023 | 9,261 | 6,736 | 54,934 | 17,387 | 88,318 | |||||
For the year | 1,029 | 320 | 6,300 | 1,869 | 9,518 | |||||
At 28/02/2024 | 10,290 | 7,056 | 61,234 | 19,256 | 97,836 | |||||
Net Book Amounts | ||||||||||
At 28/02/2024 | 10,301 | 32,308 | ||||||||
At 28/02/2023 | 11,330 | 23,033 | ||||||||
3. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | - | 252,000 | ||||||
PAYE control | 22 | 22 | ||||||
Prepayments | 5,331 | 5,085 | ||||||
5,353 | 257,107 | |||||||
Ben Wright Limited | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
VAT | 2,346 | 858 | ||||||
Directors current account | 19,102 | 79,230 | ||||||
Credit card | 414 | - | ||||||
Trade creditors | 4,938 | - | ||||||
Other creditors | 72,452 | 67,707 | ||||||
Accruals | 8,760 | 160,797 | ||||||
108,012 | 308,592 | |||||||
6. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
7. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 2,226 | 464 | ||||||
2,226 | 464 | |||||||
8. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
285 | 285 | |||||||
12 | 12 | |||||||
3 | 3 | |||||||
300 | 300 | |||||||