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REGISTERED NUMBER: 12270477 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Wright Business Consultancy Ltd

Wright Business Consultancy Ltd (Registered number: 12270477)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Wright Business Consultancy Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mr W Wright





REGISTERED OFFICE: 7 Regent Street
Kingswood
Bristol
BS15 8JX





REGISTERED NUMBER: 12270477 (England and Wales)





ACCOUNTANTS: Norton Tax Shops Limited
3 & 5 Station Road
Keynsham
Bristol
BS31 2BH

Wright Business Consultancy Ltd (Registered number: 12270477)

Abridged Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 743 992
Investments 5 34,147 26,041
34,890 27,033

CURRENT ASSETS
Debtors 86,251 100,882
Cash at bank 6,100 10,665
92,351 111,547
CREDITORS
Amounts falling due within one year 49,783 49,458
NET CURRENT ASSETS 42,568 62,089
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,458

89,122

PROVISIONS FOR LIABILITIES 6 2,583 619
NET ASSETS 74,875 88,503

CAPITAL AND RESERVES
Called up share capital 7 100 100
Fair value reserve 8 7,193 1,485
Retained earnings 67,582 86,918
SHAREHOLDERS' FUNDS 74,875 88,503

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Wright Business Consultancy Ltd (Registered number: 12270477)

Abridged Balance Sheet - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 November 2024 and were signed by:





Mr W Wright - Director


Wright Business Consultancy Ltd (Registered number: 12270477)

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

1. STATUTORY INFORMATION

Wright Business Consultancy Ltd 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 as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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 3 (2023 - 3 ) .

Wright Business Consultancy Ltd (Registered number: 12270477)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023
and 31 October 2024 2,401
DEPRECIATION
At 1 November 2023 1,409
Charge for year 249
At 31 October 2024 1,658
NET BOOK VALUE
At 31 October 2024 743
At 31 October 2023 992

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 November 2023 26,041
Revaluations 8,106
At 31 October 2024 34,147
NET BOOK VALUE
At 31 October 2024 34,147
At 31 October 2023 26,041

Cost or valuation at 31 October 2024 is represented by:
Totals
£   
Valuation in 2023 1,485
Valuation in 2024 8,106
Cost 24,556
34,147

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.10.24 31.10.23
£    £   
Cost 24,556 24,556

Fixed asset investments were valued on an open market basis on 31 October 2024 by the Director .

Wright Business Consultancy Ltd (Registered number: 12270477)

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

6. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 2,583 619

Deferred
tax
£   
Balance at 1 November 2023 619
Charge to Income Statement during year 1,964
Balance at 31 October 2024 2,583

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary £1 Shares £1 100 100

8. RESERVES
Fair
value
reserve
£   
At 1 November 2023 1,485
Movement in year 5,708

At 31 October 2024 7,193

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
Mr W Wright
Balance outstanding at start of year (26,200 ) (959 )
Amounts repaid (14,250 ) (25,241 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (40,450 ) (26,200 )