Registered number
00709486
Wrights (Gamlingay) Limited
Unaudited Filleted Accounts
30 June 2024
Wrights (Gamlingay) Limited
Registered number: 00709486
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 511,018 286,587
Current assets
Stocks 50,787 37,942
Debtors 5 3,573,267 2,076,425
Cash at bank and in hand 931,546 1,837,298
4,555,600 3,951,665
Creditors: amounts falling due within one year 6 (1,736,519) (1,403,653)
Net current assets 2,819,081 2,548,012
Total assets less current liabilities 3,330,099 2,834,599
Provisions for liabilities (95,932) (57,034)
Net assets 3,234,167 2,777,565
Capital and reserves
Called up share capital 50 50
Capital redemption reserve 7 50 50
Profit and loss account 3,234,067 2,777,465
Shareholders' funds 3,234,167 2,777,565
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N R W Wright
Director
Approved by the board on 4 March 2025
Wrights (Gamlingay) Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery Over 4 and 10 years
Motor vehicles 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 27 23
3 Intangible fixed assets Goodwill
£
Cost
At 1 July 2023 557,904
At 30 June 2024 557,904
Amortisation
At 1 July 2023 557,904
At 30 June 2024 557,904
Net book value
At 30 June 2024 -
4 Tangible fixed assets
Land and buildings Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 22,325 315,850 77,033 415,208
Additions - 240,000 23,750 263,750
At 30 June 2024 22,325 555,850 100,783 678,958
Depreciation
At 1 July 2023 - 83,037 45,584 128,621
Charge for the year - 30,455 8,864 39,319
At 30 June 2024 - 113,492 54,448 167,940
Net book value
At 30 June 2024 22,325 442,358 46,335 511,018
At 30 June 2023 22,325 232,813 31,449 286,587
5 Debtors 2024 2023
£ £
Trade debtors 1,224,344 981,718
Other debtors 2,348,923 1,094,707
3,573,267 2,076,425
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 669,240 661,172
Amounts owed to group undertakings and undertakings in which the company has a participating interest 186,000 118,000
Taxation and social security costs 231,029 170,430
Other creditors 650,250 454,051
1,736,519 1,403,653
7 Capital redemption reserve 2024 2023
£ £
At 1 July 2023 50 50
At 30 June 2024 50 50
8 Controlling party
Wrights Trading Limited is the ultimate parent company of Wrights (Gamlingay) Limited and its principal place of business and registered office is:

Badlingham Manor
Chippenham
Ely
Cambs
CB7 5QQ
9 Other information
Wrights (Gamlingay) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Badlingham Manor
Chippenham
Ely
Cambs
CB7 5QQ
Wrights (Gamlingay) Limited 00709486 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 N R W Wright No description of principal activity 00709486 2022-07-01 2023-06-30 00709486 core:WithinOneYear 2023-06-30 00709486 core:ShareCapital 2023-06-30 00709486 core:OtherReservesSubtotal 2023-06-30 00709486 core:RetainedEarningsAccumulatedLosses 2023-06-30 00709486 core:RevaluationReserve 2022-06-30 00709486 2023-07-01 2024-06-30 00709486 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 00709486 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 00709486 bus:Director40 2023-07-01 2024-06-30 00709486 1 2023-07-01 2024-06-30 00709486 2 2023-07-01 2024-06-30 00709486 core:LandBuildings 2023-07-01 2024-06-30 00709486 core:PlantMachinery 2023-07-01 2024-06-30 00709486 core:Vehicles 2023-07-01 2024-06-30 00709486 countries:England 2023-07-01 2024-06-30 00709486 bus:FRS102 2023-07-01 2024-06-30 00709486 bus:FilletedAccounts 2023-07-01 2024-06-30 00709486 2024-06-30 00709486 core:WithinOneYear 2024-06-30 00709486 core:ShareCapital 2024-06-30 00709486 core:OtherReservesSubtotal 2024-06-30 00709486 core:RetainedEarningsAccumulatedLosses 2024-06-30 00709486 core:Goodwill 2024-06-30 00709486 core:LandBuildings 2024-06-30 00709486 core:PlantMachinery 2024-06-30 00709486 core:Vehicles 2024-06-30 00709486 core:RevaluationReserve 2024-06-30 00709486 2023-06-30 00709486 core:Goodwill 2023-06-30 00709486 core:LandBuildings 2023-06-30 00709486 core:PlantMachinery 2023-06-30 00709486 core:Vehicles 2023-06-30 00709486 core:RevaluationReserve 2023-06-30 iso4217:GBP xbrli:pure