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REGISTERED NUMBER: 07172151 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Wright & Co (Pontefract) Limited

Wright & Co (Pontefract) Limited (Registered number: 07172151)






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


Wright & Co (Pontefract) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr G Wright
Mrs D McBurney





REGISTERED OFFICE: Micklegate House
Horsefair
Pontefract
West Yorkshire
WF8 1PD





REGISTERED NUMBER: 07172151 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
3 Park Square
Leeds
LS1 2NE

Wright & Co (Pontefract) Limited (Registered number: 07172151)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Stocks 4,565 4,203
Debtors 5 264,123 170,488
Cash at bank and in hand 29,472 47,607
298,160 222,298
CREDITORS
Amounts falling due within one year 6 154,384 135,046
NET CURRENT ASSETS 143,776 87,252
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,776

87,252

CREDITORS
Amounts falling due after more than one
year

7

15,834

25,834
NET ASSETS 127,942 61,418

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 127,842 61,318
SHAREHOLDERS' FUNDS 127,942 61,418

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.

Wright & Co (Pontefract) Limited (Registered number: 07172151)

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 9 January 2025 and were signed on its behalf by:





Mr G Wright - Director


Wright & Co (Pontefract) Limited (Registered number: 07172151)

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

1. STATUTORY INFORMATION

Wright & Co (Pontefract) 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 (£).


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.

Revenue
Revenue represents the fair value of consideration receivable for services provided, net of value added tax. The revenue and profit on contracts is recognised as and when the work is performed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Wright & Co (Pontefract) Limited (Registered number: 07172151)

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 300,000
AMORTISATION
At 1 April 2023
and 31 March 2024 300,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 64,192 56,639
Directors' current accounts 148,441 82,645
Tax recoverable 49,367 27,160
Prepayments 2,123 4,044
264,123 170,488

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 40,073 39,726
Corporation tax 67,048 49,026
Social security and other taxes 674 674
VAT 12,089 12,171
Bank loan 10,000 10,000
Accruals and deferred income 24,500 23,449
154,384 135,046

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loan 15,834 25,834

Wright & Co (Pontefract) Limited (Registered number: 07172151)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

The bank loan represents a loan under HM Government Coronavirus Business Bounce Back Loan Scheme. The bank loan carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules of the scheme.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2023 61,318
Profit for the year 138,524
Dividends (72,000 )
At 31 March 2024 127,842

10. RELATED PARTY DISCLOSURES

At the year end the company was owed a combined sum of £148,441 (2023: £82,645) from its directors.

11. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.