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Registered number: 02841589
Wainwrights Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 02841589
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 219,267 397,053
Investments 5 98,519 -
317,786 397,053
CURRENT ASSETS
Debtors 75,159 91,532
Cash at bank and in hand 506,227 416,225
581,386 507,757
Creditors: Amounts Falling Due Within One Year (192,126 ) (153,967 )
NET CURRENT ASSETS (LIABILITIES) 389,260 353,790
TOTAL ASSETS LESS CURRENT LIABILITIES 707,046 750,843
Creditors: Amounts Falling Due After More Than One Year (11,847 ) (106,988 )
NET ASSETS 695,199 643,855
CAPITAL AND RESERVES
Called up share capital 7 250,200 250,200
Profit and Loss Account 444,999 393,655
SHAREHOLDERS' FUNDS 695,199 643,855
Page 1
Page 2
For the year ending 31 March 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Andrew Wainwright
Director
26th November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Wainwrights Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02841589 . The registered office is c/o Wainwrights Accountants, Faversham House, Wirral International Business Park, Old Hall Road, Bromborough, Wirral, CH62 3NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 18% reducing balance
Motor Vehicles 18% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 15)
15 15
Page 3
Page 4
4. Tangible Assets
Total
£
Cost
As at 1 April 2023 511,410
Additions 7,339
Disposals (176,249 )
As at 31 March 2024 342,500
Depreciation
As at 1 April 2023 114,357
Provided during the period 8,876
As at 31 March 2024 123,233
Net Book Value
As at 31 March 2024 219,267
As at 1 April 2023 397,053
5. Investments
Total
£
Cost
As at 1 April 2023 -
Additions 98,519
As at 31 March 2024 98,519
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 98,519
As at 1 April 2023 -
Page 4
Page 5
6. Obligations Under Finance Leases and Hire Purchase
31 March 2024 31 March 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,759 4,759
Later than one year and not later than five years 56 5,248
4,815 10,007
4,815 10,007
7. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 250,200 250,200
8. Dividends
31 March 2024 31 March 2023
£ £
On equity shares:
Final dividend paid 115,977 47,414
Page 5