Company Registration No. 5498508 (England and Wales)
Wrightsound Ltd
Unaudited accounts
for the year ended 31 July 2024
Wrightsound Ltd
Unaudited accounts
Contents
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
Wrightsound Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
49,455
63,825
Cash at bank and in hand
7,131
8,752
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)
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
Wrightsound Ltd
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in ã sterling.
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
At 31 July 2024
182,662
33,631
216,293
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
At 31 July 2024
36,844
12,611
49,455
At 31 July 2023
47,010
16,815
63,825
Wrightsound Ltd
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
332
Obligations under finance leases and hire purchase contracts
3,929
3,929
Taxes and social security
6,908
5,113
Loans from directors
40,149
56,187
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
7,466
11,584
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).