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REGISTERED NUMBER: 03648388 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Wright Residential Limited

Wright Residential Limited (Registered number: 03648388)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Wright Residential Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mr P Buamah





REGISTERED OFFICE: 176 Chillingham Road
Newcastle Upon Tyne
Tyne and Wear
NE6 5BU





REGISTERED NUMBER: 03648388 (England and Wales)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ

Wright Residential Limited (Registered number: 03648388)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 39,608 52,516

CURRENT ASSETS
Debtors 5 307,100 341,640
Cash at bank and in hand 54,144 35,919
361,244 377,559
CREDITORS
Amounts falling due within one year 6 294,421 335,716
NET CURRENT ASSETS 66,823 41,843
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,431

94,359

CREDITORS
Amounts falling due after more than one
year

7

51,753

57,906
NET ASSETS 54,678 36,453

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 54,558 36,333
SHAREHOLDERS' FUNDS 54,678 36,453

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 Residential Limited (Registered number: 03648388)

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.

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 10 March 2025 and were signed by:





Mr P Buamah - Director


Wright Residential Limited (Registered number: 03648388)

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

1. STATUTORY INFORMATION

Wright Residential 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.
Fixtures and fittings - 15% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

Wright Residential Limited (Registered number: 03648388)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 November 2023
and 31 October 2024 35,801 63,175 33,804 132,780
DEPRECIATION
At 1 November 2023 33,594 15,794 30,876 80,264
Charge for year 331 11,845 732 12,908
At 31 October 2024 33,925 27,639 31,608 93,172
NET BOOK VALUE
At 31 October 2024 1,876 35,536 2,196 39,608
At 31 October 2023 2,207 47,381 2,928 52,516

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£ £
Other debtors 25,492 25,996
Directors' loan accounts 23,331 20,179
Tax 5,934 5,930
Client bank balances 252,343 289,535
307,100 341,640

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£ £
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 5,088 14,024
Trade creditors 5,187 4,686
Tax 6,706 1,625
Social security and other taxes - 2,727
VAT 15,097 13,120
Client ledger balance 252,343 289,534
294,421 335,716

Wright Residential Limited (Registered number: 03648388)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£ £
Bank loans - 1-2 years 5,834 15,834
Hire purchase contracts 45,919 42,072
51,753 57,906

8. 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 P Buamah
Balance outstanding at start of year 20,179 35,157
Amounts advanced 6,267 7,153
Amounts repaid (3,115 ) (22,131 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,331 20,179

Wright Residential Limited

Report of the Accountants to the Director of
Wright Residential Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2024 set out on pages one to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ


10 March 2025