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Registration number: 06595095

M J Wright Builders Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2024

 

M J Wright Builders Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

M J Wright Builders Ltd

Company Information

Director

Mr M J Wright

Registered office

Manor Bank Barn
Old Newcastle Road
Willaston - Nantwich
Cheshire
CW5 7EL

Accountants

Alextra Group Limited
Chartered Certified Accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

 

M J Wright Builders Ltd

(Registration number: 06595095)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

14,000

17,500

Tangible assets

5

58,877

67,256

 

72,877

84,756

Current assets

 

Debtors

6

75,499

71,177

Cash at bank and in hand

 

10,510

6,528

 

86,009

77,705

Creditors: Amounts falling due within one year

7

(61,855)

(48,019)

Net current assets

 

24,154

29,686

Total assets less current liabilities

 

97,031

114,442

Creditors: Amounts falling due after more than one year

7

(17,606)

(29,871)

Provisions for liabilities

(13,313)

(11,710)

Net assets

 

66,112

72,861

Capital and reserves

 

Called up share capital

100

100

Retained earnings

66,012

72,761

Shareholders' funds

 

66,112

72,861

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

M J Wright Builders Ltd

(Registration number: 06595095)
Balance Sheet as at 30 June 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account or Directors Report has been taken.

Approved and authorised by the director on 14 March 2025
 

.........................................
Mr M J Wright
Director

 

M J Wright Builders Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Manor Bank Barn
Old Newcastle Road
Willaston - Nantwich
Cheshire
CW5 7EL

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

M J Wright Builders Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Asset class

Depreciation method and rate

Computer

33% straight line basis

Motor vehicles

25% on written down value

Plant and machinery

20% on written down value

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

over 20 years

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 July 2023

70,000

70,000

At 30 June 2024

70,000

70,000

Amortisation

At 1 July 2023

52,500

52,500

Amortisation charge

3,500

3,500

At 30 June 2024

56,000

56,000

Carrying amount

At 30 June 2024

14,000

14,000

At 30 June 2023

17,500

17,500

 

M J Wright Builders Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Tangible assets

Computer equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 July 2023

1,306

78,542

84,650

164,498

Additions

-

-

5,768

5,768

At 30 June 2024

1,306

78,542

90,418

170,266

Depreciation

At 1 July 2023

1,306

58,780

37,156

97,242

Charge for the year

-

3,496

10,651

14,147

At 30 June 2024

1,306

62,276

47,807

111,389

Carrying amount

At 30 June 2024

-

16,266

42,611

58,877

At 30 June 2023

-

19,762

47,494

67,256

6

Debtors

Current

2024
£

2023
£

Trade debtors

72,300

70,500

Prepayments

3,199

677

 

75,499

71,177

 

M J Wright Builders Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

12,265

12,265

Trade creditors

 

1,682

-

Taxation and social security

 

34,709

19,873

Accruals and deferred income

 

7,385

3,375

Other creditors

 

5,814

12,506

 

61,855

48,019

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

17,606

29,871