IRIS Accounts Production v24.2.0.383 06523868 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh065238682023-03-31065238682024-03-31065238682023-04-012024-03-31065238682022-03-31065238682022-04-012023-03-31065238682023-03-3106523868ns15:EnglandWales2023-04-012024-03-3106523868ns14:PoundSterling2023-04-012024-03-3106523868ns10:Director12023-04-012024-03-3106523868ns10:Director22023-04-012024-03-3106523868ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106523868ns10:SmallEntities2023-04-012024-03-3106523868ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106523868ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106523868ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106523868ns10:FullAccounts2023-04-012024-03-310652386812023-04-012024-03-3106523868ns10:CompanySecretary12023-04-012024-03-3106523868ns10:RegisteredOffice2023-04-012024-03-3106523868ns5:CurrentFinancialInstruments2024-03-3106523868ns5:CurrentFinancialInstruments2023-03-3106523868ns5:Non-currentFinancialInstruments2024-03-3106523868ns5:Non-currentFinancialInstruments2023-03-3106523868ns5:ShareCapital2024-03-3106523868ns5:ShareCapital2023-03-3106523868ns5:RetainedEarningsAccumulatedLosses2024-03-3106523868ns5:RetainedEarningsAccumulatedLosses2023-03-3106523868ns5:NetGoodwill2023-04-012024-03-3106523868ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106523868ns5:NetGoodwill2023-03-3106523868ns5:NetGoodwill2024-03-3106523868ns5:NetGoodwill2023-03-3106523868ns5:FurnitureFittings2023-03-3106523868ns5:FurnitureFittings2023-04-012024-03-3106523868ns5:FurnitureFittings2024-03-3106523868ns5:FurnitureFittings2023-03-3106523868ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106523868ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 06523868 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

WRIGHTS ESTATE AGENTS LIMITED

WRIGHTS ESTATE AGENTS LIMITED (Registered number: 06523868)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WRIGHTS ESTATE AGENTS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D R Wright
Mrs M L Wright





SECRETARY: R J H Baker





REGISTERED OFFICE: 211 The Broadway
Broadstone
Dorset
BH18 8DN





REGISTERED NUMBER: 06523868 (England and Wales)





ACCOUNTANTS: Richard Baker & Co.
The Gatehouse
Wick Drive
New Milton
Hampshire
BH25 6SJ

WRIGHTS ESTATE AGENTS LIMITED (Registered number: 06523868)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 50,000 62,500
Tangible assets 5 18,233 14,601
68,233 77,101

CURRENT ASSETS
Debtors 6 4,775 5,988
Cash at bank and in hand 124,998 200,802
129,773 206,790
CREDITORS
Amounts falling due within one year 7 11,934 20,241
NET CURRENT ASSETS 117,839 186,549
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,072

263,650

CREDITORS
Amounts falling due after more than one
year

8

(967

)

-

PROVISIONS FOR LIABILITIES (2,731 ) (2,731 )
NET ASSETS 182,374 260,919

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 182,274 260,819
SHAREHOLDERS' FUNDS 182,374 260,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

WRIGHTS ESTATE AGENTS LIMITED (Registered number: 06523868)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 27 September 2024 and were signed on its behalf by:




Mrs M L Wright - Director



D R Wright - Director


WRIGHTS ESTATE AGENTS LIMITED (Registered number: 06523868)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

WRIGHTS ESTATE AGENTS 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Fixtures & fittings 15% reducing balance.

Taxation
Taxation for the year 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

WRIGHTS ESTATE AGENTS LIMITED (Registered number: 06523868)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 year was 7 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 250,000
AMORTISATION
At 1 April 2023 187,500
Charge for year 12,500
At 31 March 2024 200,000
NET BOOK VALUE
At 31 March 2024 50,000
At 31 March 2023 62,500

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 41,957
Additions 6,849
At 31 March 2024 48,806
DEPRECIATION
At 1 April 2023 27,356
Charge for year 3,217
At 31 March 2024 30,573
NET BOOK VALUE
At 31 March 2024 18,233
At 31 March 2023 14,601

WRIGHTS ESTATE AGENTS LIMITED (Registered number: 06523868)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 4,775 5,988

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 203 (119 )
Taxation and social security 8,314 16,027
Other creditors 3,417 4,333
11,934 20,241

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 967 -