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Company Registration No. 5498508 (England and Wales)
Wrightsound Ltd Unaudited accounts for the year ended 31 July 2024
Wrightsound Ltd Unaudited accounts Contents
Page
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Wrightsound Ltd Company Information for the year ended 31 July 2024
Director
Christopher Wright
Secretary
Alexandra Duzevic
Company Number
5498508 (England and Wales)
Registered Office
43 SEYMOUR ROAD LONDON N8 0BJ
Accountants
David Meyer FCCA 2 Downage London NW4 1AA
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Wrightsound Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
49,455 
63,825 
Current assets
Debtors
3,784 
8,876 
Cash at bank and in hand
7,131 
8,752 
10,915 
17,628 
Creditors: amounts falling due within one year
(52,624)
(68,669)
Net current liabilities
(41,709)
(51,041)
Total assets less current liabilities
7,746 
12,784 
Creditors: amounts falling due after more than one year
(7,466)
(11,584)
Net assets
280 
1,200 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
180 
1,100 
Shareholders' funds
280 
1,200 
For the year ending 31 July 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 November 2024 and were signed on its behalf by
Christopher Wright Director Company Registration No. 5498508
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Wrightsound Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Wrightsound Ltd is a private company, limited by shares, registered in England and Wales, registration number 5498508. The registered office is 43 SEYMOUR ROAD, LONDON, N8 0BJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
180,547 
33,631 
214,178 
Additions
2,115 
- 
2,115 
At 31 July 2024
182,662 
33,631 
216,293 
Depreciation
At 1 August 2023
133,537 
16,816 
150,353 
Charge for the year
12,281 
4,204 
16,485 
At 31 July 2024
145,818 
21,020 
166,838 
Net book value
At 31 July 2024
36,844 
12,611 
49,455 
At 31 July 2023
47,010 
16,815 
63,825 
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Wrightsound Ltd Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,784 
8,876 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
332 
VAT
3,091 
3,108 
Obligations under finance leases and hire purchase contracts
3,929 
3,929 
Taxes and social security
6,908 
5,113 
Other creditors
(1,453)
- 
Loans from directors
40,149 
56,187 
52,624 
68,669 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
7,466 
11,584 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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