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REGISTERED NUMBER: 02552337 (England and Wales)















Wright Publications Limited

Unaudited Financial Statements for the Year Ended 31 December 2024






Wright Publications Limited (Registered number: 02552337)

Contents of the Financial Statements
for the year ended 31 December 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


Wright Publications Limited (Registered number: 02552337)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 373,137 383,284
Investments 6 320,000 320,000
693,137 703,284

CURRENT ASSETS
Debtors 7 169,710 202,479
Cash at bank 1,322,589 1,180,767
1,492,299 1,383,246
CREDITORS
Amounts falling due within one year 8 157,340 173,198
NET CURRENT ASSETS 1,334,959 1,210,048
TOTAL ASSETS LESS CURRENT LIABILITIES 2,028,096 1,913,332

CAPITAL AND RESERVES
Called up share capital 1,002 1,002
Share premium 450 450
Capital redemption reserve 50 50
Retained earnings 2,026,594 1,911,830
SHAREHOLDERS' FUNDS 2,028,096 1,913,332

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Publications Limited (Registered number: 02552337)

Balance Sheet - continued
31 December 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 26 February 2025 and were signed on its behalf by:





S N Wood - Director


Wright Publications Limited (Registered number: 02552337)

Notes to the Financial Statements
for the year ended 31 December 2024


1. STATUTORY INFORMATION

Wright Publications Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02552337

Registered office: River House
Miry Lane
Thongsbridge
Holmfirth
HD9 7SA

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of goods, provided that the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Wright Publications Limited (Registered number: 02552337)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price and any costs directly attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter:
Freehold property- 2% straight line
Fixtures and fittings- 33% reducing balance
Computer equipment- 33% reducing balance

At each reporting period end, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount is the higher of fair value less costs to sell and value in use. An impairment loss is recognised immediately in profit or loss.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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 Publications Limited (Registered number: 02552337)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 420,000 19,403 22,033 461,436
DEPRECIATION
At 1 January 2024 42,000 18,145 18,007 78,152
Charge for year 8,400 419 1,328 10,147
At 31 December 2024 50,400 18,564 19,335 88,299
NET BOOK VALUE
At 31 December 2024 369,600 839 2,698 373,137
At 31 December 2023 378,000 1,258 4,026 383,284

6. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST
At 1 January 2024
and 31 December 2024 320,000
NET BOOK VALUE
At 31 December 2024 320,000
At 31 December 2023 320,000

Wright Publications Limited (Registered number: 02552337)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 162,291 199,791
Other debtors 7,419 2,688
169,710 202,479

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 10,365 2,739
Taxation and social security 139,210 141,409
Other creditors 7,765 29,050
157,340 173,198