08907525falseAntique Clock Dealers2023-03-012024-02-28http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2023-02-28http://www.companieshouse.gov.uk/cd:Director12023-03-012024-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2023-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2024-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2024-02-28http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-02-28http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-02-28http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-03-012024-02-28http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22023-03-012024-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass32023-03-012024-02-28http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-03-012024-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-02-28http://www.companieshouse.gov.uk/2023-03-012024-02-28http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/cd:FRS1022023-03-012024-02-28http://www.companieshouse.gov.uk/2024-02-28http://www.companieshouse.gov.uk/cd:FullAccounts2023-03-012024-02-28http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-03-012024-02-28iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 08907525

Ben Wright Limited

ACCOUNTS
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 28/02/2024
20242023
Notes££
FIXED ASSETS
Tangible assets232,30823,033
CURRENT ASSETS
Stock442,490499,129
Debtors45,353257,107
Cash at bank and in hand286,290116,953
734,133873,189
CREDITORS: Amounts falling due within one year5108,012308,592
NET CURRENT ASSETS626,121564,597
TOTAL ASSETS LESS CURRENT LIABILITIES658,429587,630
PROVISIONS FOR LIABILITIES AND CHARGES72,226464
NET ASSETS656,203587,166
CAPITAL AND RESERVES
Called up share capital8300300
Profit and loss account655,903586,866
SHAREHOLDERS' FUNDS656,203587,166
For the year ending 28/02/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 30/09/2024 and signed on their behalf by
.............................
B P WRIGHT
Director

Ben Wright Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2024
1. ACCOUNTING POLICIES
1a. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Propertiesstraight line 5%
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 25%
Equipmentreducing 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 LeaseholdPlant andFixtures
PropertiesMachineryand FittingsEquipmentTotal
£££££
Cost
At 01/03/202320,5918,02661,40521,329111,351
Additions--18,793-18,793
At 28/02/202420,5918,02680,19821,329130,144
Depreciation
At 01/03/20239,2616,73654,93417,38788,318
For the year1,0293206,3001,8699,518
At 28/02/202410,2907,05661,23419,25697,836
Net Book Amounts
At 28/02/202410,30197018,9642,07332,308
At 28/02/202311,3301,2906,4713,94223,033
3. STOCK 20242023
££
Stock comprises:
Stock442,490499,129
442,490499,129
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors-252,000
PAYE control2222
Prepayments5,3315,085
5,353257,107

Ben Wright Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
VAT2,346858
Directors current account19,10279,230
Credit card414-
Trade creditors4,938-
Other creditors72,45267,707
Accruals8,760160,797
108,012308,592
6. EMPLOYEES
20242023
No.No.
Average number of employees22
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation2,226464
2,226464
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
285 A Ordinary shares of £1 each285285
12 B Ordinary shares of £1 each1212
3 C Ordinary shares of £1 each33
300300