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REGISTERED NUMBER: 03944885















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

DAVID WRIGHT ACCOUNTANTS LIMITED

DAVID WRIGHT ACCOUNTANTS LIMITED (REGISTERED NUMBER: 03944885)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVID WRIGHT ACCOUNTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: S A Griffiths





SECRETARY: S A Griffiths





REGISTERED OFFICE: Unit 10 Bridgend Business Park
Bennett Street
Bridgend Industrial Estate
Bridgend
Mid Glamorgan
CF31 3SH





REGISTERED NUMBER: 03944885





ACCOUNTANTS: DAVID WRIGHT ACCOUNTANTS LIMITED
Unit 10
Bridgend Business Park
Bennett Street
Bridgend
Glamorgan
CF31 3SH

DAVID WRIGHT ACCOUNTANTS LIMITED (REGISTERED NUMBER: 03944885)

BALANCE SHEET
30 APRIL 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 23,645 32,547
Investments 6 4 4
23,649 32,551

CURRENT ASSETS
Stocks 51,830 57,267
Debtors 7 315,325 378,994
Cash at bank and in hand 3,568 18,974
370,723 455,235
CREDITORS
Amounts falling due within one year 8 196,098 260,105
NET CURRENT ASSETS 174,625 195,130
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,274

227,681

CREDITORS
Amounts falling due after more than one year 9 (101,670 ) (141,670 )

PROVISIONS FOR LIABILITIES (5,227 ) (5,227 )
NET ASSETS 91,377 80,784

DAVID WRIGHT ACCOUNTANTS LIMITED (REGISTERED NUMBER: 03944885)

BALANCE SHEET - continued
30 APRIL 2024

30/4/24 30/4/23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Capital redemption reserve 2,000 2,000
Retained earnings 88,377 77,784
SHAREHOLDERS' FUNDS 91,377 80,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 director and authorised for issue on 30 January 2025 and were signed by:





S A Griffiths - Director


DAVID WRIGHT ACCOUNTANTS LIMITED (REGISTERED NUMBER: 03944885)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

David Wright Accountants Limited is a private company, limited by shares , registered in Not specified/Other. 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 relates to a business that was purchased in 1998 and has now been fully amortised.

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.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

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

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.


DAVID WRIGHT ACCOUNTANTS LIMITED (REGISTERED NUMBER: 03944885)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
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.

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 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 425,000
AMORTISATION
At 1 May 2023
and 30 April 2024 425,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

DAVID WRIGHT ACCOUNTANTS LIMITED (REGISTERED NUMBER: 03944885)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 67,595
Additions 1,209
Disposals (135 )
At 30 April 2024 68,669
DEPRECIATION
At 1 May 2023 35,048
Charge for year 9,976
At 30 April 2024 45,024
NET BOOK VALUE
At 30 April 2024 23,645
At 30 April 2023 32,547

6. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 May 2023
and 30 April 2024 121,500
PROVISIONS
At 1 May 2023
and 30 April 2024 121,496
NET BOOK VALUE
At 30 April 2024 4
At 30 April 2023 4

DAVID WRIGHT ACCOUNTANTS LIMITED (REGISTERED NUMBER: 03944885)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 170,390 176,271
Other debtors 144,935 202,723
315,325 378,994

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 38,026 83,976
Trade creditors 38,161 55,594
Taxation and social security 85,053 85,671
Other creditors 34,858 34,864
196,098 260,105

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Bank loans 10,033 20,033
Other creditors 91,637 121,637
101,670 141,670