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REGISTERED NUMBER: 04209316 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

S K WRIGHT BUILDING CONTRACTORS LIMITED

S K WRIGHT BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04209316)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


S K WRIGHT BUILDING CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: S Wright





REGISTERED OFFICE: 2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Milton Keynes
Buckinghamshire
MK12 5NN





REGISTERED NUMBER: 04209316 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

S K WRIGHT BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04209316)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 46,647 51,297
46,647 51,297

CURRENT ASSETS
Stocks 6 53,824 55,844
Debtors 7 172,358 196,389
Cash at bank and in hand 354,767 504,635
580,949 756,868
CREDITORS
Amounts falling due within one year 8 130,833 173,602
NET CURRENT ASSETS 450,116 583,266
TOTAL ASSETS LESS CURRENT
LIABILITIES

496,763

634,563

PROVISIONS FOR LIABILITIES 9 8,765 9,627
NET ASSETS 487,998 624,936

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 487,996 624,934
SHAREHOLDERS' FUNDS 487,998 624,936

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 director acknowledges his 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.

S K WRIGHT BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04209316)

STATEMENT OF FINANCIAL POSITION - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2024 and were signed by:





S Wright - Director


S K WRIGHT BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04209316)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

S K Wright Building Contractors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's place of business is Rear of 41 High Street, Ivinghoe, Leighton Buzzard, Bedforshire, LU7 9EP.

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
The company's turnover represents the value of building work undertaken and of any goods and services supplied to customers during the year. A sale is recognised when revenue and associated costs can be measured reliably and future economic benefits are probable. Revenue is measured at the fair value of the consideration received or receivable for building work undertaken and for goods and services provided in the normal course of business, net of discounts and VAT.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, has been amortised evenly over its over its estimated useful life of ten 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to rented property - 10% on cost
Plant and machinery - 15% on cost
Office equipment - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

STOCKS
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


S K WRIGHT BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04209316)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
TAXATION
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. it is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date that are expected to apply to the reversal of timing differences. Deferred tax on non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

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.

AMOUNTS RECOVERABLE ON CONTRACTS
Amounts recoverable on contracts in progress at the end of an accounting period are included in debtors. These sums are stated at the net sales value of the work done after provisions for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments received on account.

DEBTORS AND CREDITORS RECEIVABLE/PAYABLE WITHIN ONE YEAR
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

S K WRIGHT BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04209316)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 April 2023
and 31 March 2024 15,000
AMORTISATION
At 1 April 2023
and 31 March 2024 15,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
to rented Plant and Office
property machinery equipment
£ £ £
COST
At 1 April 2023 1,800 31,975 652
Additions - 634 -
At 31 March 2024 1,800 32,609 652
DEPRECIATION
At 1 April 2023 1,620 22,198 636
Charge for year 179 2,023 11
At 31 March 2024 1,799 24,221 647
NET BOOK VALUE
At 31 March 2024 1 8,388 5
At 31 March 2023 180 9,777 16

S K WRIGHT BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04209316)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 April 2023 104,899 3,581 142,907
Additions 10,650 - 11,284
At 31 March 2024 115,549 3,581 154,191
DEPRECIATION
At 1 April 2023 63,579 3,577 91,610
Charge for year 13,721 - 15,934
At 31 March 2024 77,300 3,577 107,544
NET BOOK VALUE
At 31 March 2024 38,249 4 46,647
At 31 March 2023 41,320 4 51,297

6. STOCKS
2024 2023
£ £
Stocks 3,900 4,490
Work-in-progress 49,924 51,354
53,824 55,844

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 95,267 97,612
Other debtors 77,091 98,777
172,358 196,389

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 64,640 64,667
Taxation and social security 14,186 60,367
Other creditors 52,007 48,568
130,833 173,602

9. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax
Accelerated tax allowances 8,765 9,627

S K WRIGHT BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04209316)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. PROVISIONS FOR LIABILITIES - continued

Deferred tax
£
Balance at 1 April 2023 9,627
Provided during year (862 )
Balance at 31 March 2024 8,765

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary 1 2 2