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REGISTERED NUMBER: 05781125 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 April 2024

for

Wrights Services UK Limited

Wrights Services UK Limited (Registered number: 05781125)






Contents of the Financial Statements
For The Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Wrights Services UK Limited

Company Information
For The Year Ended 30 April 2024







DIRECTOR: G E Jewkes





SECRETARY: L Jewkes





REGISTERED OFFICE: Gate 6
Stanlow Manufacturing Complex
Ellesmere Port
South Wirral
CH65 4HB





REGISTERED NUMBER: 05781125 (England and Wales)





ACCOUNTANTS: Fact3
3 Hardman Square
Spinningfields
Manchester
M3 3EB

Wrights Services UK Limited (Registered number: 05781125)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 119,445 143,479

CURRENT ASSETS
Stocks 383,000 250,000
Debtors 5 625,177 328,682
Cash at bank 206,429 474,800
1,214,606 1,053,482
CREDITORS
Amounts falling due within one year 6 612,835 559,765
NET CURRENT ASSETS 601,771 493,717
TOTAL ASSETS LESS CURRENT
LIABILITIES

721,216

637,196

CREDITORS
Amounts falling due after more than one year 7 (33,543 ) (71,173 )

PROVISIONS FOR LIABILITIES (23,150 ) (28,204 )
NET ASSETS 664,523 537,819

CAPITAL AND RESERVES
Called up share capital 8 2 2
Capital redemption reserve 9 32,999 32,999
Retained earnings 9 631,522 504,818
SHAREHOLDERS' FUNDS 664,523 537,819

Wrights Services UK Limited (Registered number: 05781125)

Statement of Financial Position - continued
30 April 2024


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:





G E Jewkes - Director


Wrights Services UK Limited (Registered number: 05781125)

Notes to the Financial Statements
For The Year Ended 30 April 2024

1. STATUTORY INFORMATION

Wrights Services UK 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.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Wrights Services UK Limited (Registered number: 05781125)

Notes to the Financial Statements - continued
For The Year Ended 30 April 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.

Financial instruments
The Company holds or issues financial instruments in order to finance its operations. Various financial instruments, for example trade debtors and creditors, arise directly from the company's operations.
Transactions involving financial instruments result in the Company assuming or transferring to another party one or more of the following financial risks:-

Liquidity risk
The Company manages its cash and borrowing requirements in order to minimise interest expense, whilst ensuring the company has sufficient liquid resources to meet the operating needs of the business. Cash flows are forecast and monitored on a regular basis.

Credit risk
Trade debtors are monitored on an ongoing basis and provision is made against doubtful debts for the proportion of the debts which are considered to be irrecoverable. Bad debts are written off at the point where the probability of a recovery becomes unlikely. Exposure to credit risk is limited by the monitoring of customer risk profiles using both internal and external sources. Appropriate action is taken with customers to limit the associated credit risks where a change in risk is identified.

Going concern
The financial statements have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 29 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 193,544 1,111 194,655
Additions 15,950 - 15,950
At 30 April 2024 209,494 1,111 210,605
DEPRECIATION
At 1 May 2023 51,023 153 51,176
Charge for year 39,618 366 39,984
At 30 April 2024 90,641 519 91,160
NET BOOK VALUE
At 30 April 2024 118,853 592 119,445
At 30 April 2023 142,521 958 143,479

Wrights Services UK Limited (Registered number: 05781125)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 386,219 295,986
Amounts owed by group undertakings 218,225 -
Other debtors 20,733 32,696
625,177 328,682

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 33,689 44,680
Factoring advance 297,912 220,064
Trade creditors 95,016 92,556
Taxation and social security 160,381 180,971
Other creditors 15,189 10,846
612,835 559,765

The factoring advance is secured with a charge over the Trade debtors of the Company as disclosed in Note 8.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,705 22,519
Hire purchase contracts 21,838 48,654
33,543 71,173

8. CALLED UP SHARE CAPITAL

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

Wrights Services UK Limited (Registered number: 05781125)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 May 2023 504,818 32,999 537,817
Profit for the year 128,454 128,454
Dividends (1,750 ) (1,750 )
At 30 April 2024 631,522 32,999 664,521