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Company Registration No. 12930154 (England and Wales)
WRIGHTS JOINERY LIMITED
Financial Statements
for the Period from 01 April 2023 to 31 March 2024

WRIGHTS JOINERY LIMITED

Financial Statements for the period ending 31 March 2024

WRIGHTS JOINERY LIMITED

Financial Statements for the period ending 31 March 2024

Notes to the Accounts

1. Statutory Information
WRIGHTS JOINERY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12930154.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

WRIGHTS JOINERY LIMITED

Financial Statements for the period ending 31 March 2024

Notes to the Accounts

Tangible Fixed Asset Policy
Depreciation is provided at 25% on cost, to write off each asset over its estimated useful life.

WRIGHTS JOINERY LIMITED

Financial Statements for the period ending 31 March 2024

Notes to the Accounts

Intangible Asset Policy
Goodwill, being the amount paid in connection with the acquisition of the business in 2021, is being amortised evenly over its useful life of ten years.

WRIGHTS JOINERY LIMITED

Financial Statements for the period ending 31 March 2024

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2024 12
2023 11
4. Principal Activity
The principle activity of the company is that of joinery manufacturing, fitting and related services.

WRIGHTS JOINERY LIMITED

Financial Statements for the period ending 31 March 2024

Notes to the Accounts

5. Intangible Assets
Goodwill Other Total
Cost £ £ £
At 01/04/2023 7,500 - 7,500
Additions - - -
Disposals - - -
Revaluations - - -
At 31/03/2024 7,500 - 7,500
Amortisation
At 01/04/2023 1,813 - 1,813
Charge for the Year 1,063 - 1,063
On Disposals - - -
Other increases/(decreases) - - -
At end of period 2,876 - 2,876
Net book value
At 31/03/2024 4,624 - 4,624
At 31/03/2023 5,687 - 5,687
6. Fixed Assets
Plant and Machinery Total
Cost or valuation £ £
At 01/04/2023 69,811 69,811
Additions 13,385 13,385
At 31/03/2024 83,196 83,196
Depreciation
At 01/04/2023 30,565 30,565
Charge for the year 22,188 22,188
At 31/03/2024 52,753 52,753
Net Book Value
At 31/03/2024 30,443 30,443
At 31/03/2023 39,246 39,246

WRIGHTS JOINERY LIMITED

Financial Statements for the period ending 31 March 2024

Notes to the Accounts

7. Debtors
2024 2023
£ £
Trade debtors 224,101 58,033
Prepayment and accrued income 27,670 3,328
251,771 61,361
8. Creditors: amount falling due within one year
2024 2023
£ £
Trade Creditors 152,766 96,846
Other tax and social security 146,365 179,397
Other Creditors 227,213 194,067
Accruals and deferred income 16,067 5,632
542,411 475,942