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REGISTERED NUMBER: 01946854 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

D.J. WRIGHT ELECTRICAL CONTRACTORS
LIMITED

D.J. WRIGHT ELECTRICAL CONTRACTORS
LIMITED (REGISTERED NUMBER: 01946854)






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

Report of the Accountants 7

D.J. WRIGHT ELECTRICAL CONTRACTORS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A P Mcgowan
Mrs L J Warwick





REGISTERED OFFICE: 376a Gressel Lane
Birmingham
B33 9UX





REGISTERED NUMBER: 01946854 (England and Wales)





ACCOUNTANTS: Bytheway & Co Accountants Ltd
23 Bilston Street
Sedgley
Dudley
West Midlands
DY3 1JA

D.J. WRIGHT ELECTRICAL CONTRACTORS
LIMITED (REGISTERED NUMBER: 01946854)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,174 54,530
Investment property 5 314,407 212,522
354,581 267,052

CURRENT ASSETS
Stocks 3,873 5,000
Debtors 6 452,180 403,123
Cash at bank and in hand 191,035 282,554
647,088 690,677
CREDITORS
Amounts falling due within one year 7 350,377 336,254
NET CURRENT ASSETS 296,711 354,423
TOTAL ASSETS LESS CURRENT
LIABILITIES

651,292

621,475

CREDITORS
Amounts falling due after more than one
year

8

(100,808

)

(22,560

)

PROVISIONS FOR LIABILITIES (9,464 ) (10,361 )
NET ASSETS 541,020 588,554

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 541,018 588,552
541,020 588,554

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.

D.J. WRIGHT ELECTRICAL CONTRACTORS
LIMITED (REGISTERED NUMBER: 01946854)

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 18 December 2024 and were signed on its behalf by:




Mrs L J Warwick - Director



A P Mcgowan - Director


D.J. WRIGHT ELECTRICAL CONTRACTORS
LIMITED (REGISTERED NUMBER: 01946854)

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

1. STATUTORY INFORMATION

D.j. Wright Electrical 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 20% on cost and 10% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

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.

D.J. WRIGHT ELECTRICAL CONTRACTORS
LIMITED (REGISTERED NUMBER: 01946854)

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 20 (2023 - 25 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 122,434
Additions 3,634
At 31 March 2024 126,068
DEPRECIATION
At 1 April 2023 67,904
Charge for year 17,990
At 31 March 2024 85,894
NET BOOK VALUE
At 31 March 2024 40,174
At 31 March 2023 54,530

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 212,522
Additions 101,885
At 31 March 2024 314,407
NET BOOK VALUE
At 31 March 2024 314,407
At 31 March 2023 212,522

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 268,501 223,594
Amounts owed by group undertakings 160,237 160,237
Other debtors 23,442 19,292
452,180 403,123

D.J. WRIGHT ELECTRICAL CONTRACTORS
LIMITED (REGISTERED NUMBER: 01946854)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Hire purchase contracts 3,947 6,143
Trade creditors 301,851 185,044
Taxation and social security 38,337 58,708
Other creditors 6,242 86,359
350,377 336,254

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans 80,000 -
Hire purchase contracts 20,808 22,560
100,808 22,560

D.J. WRIGHT ELECTRICAL CONTRACTORS
LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
D.J. WRIGHT ELECTRICAL CONTRACTORS
LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Bytheway & Co Accountants Ltd
23 Bilston Street
Sedgley
Dudley
West Midlands
DY3 1JA


18 December 2024