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REGISTERED NUMBER: 05766215 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

P.A. Wright & Son Limited

P.A. Wright & Son Limited (Registered number: 05766215)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P.A. Wright & Son Limited

Company Information
for the year ended 30 June 2024







DIRECTORS: Mr P A Wright
Mrs C D Wright





SECRETARY: Mr P A Wright





REGISTERED OFFICE: The Riverside Business Park
Gravel Lane
Banks
Southport
Merseyside
PR9 8DE





REGISTERED NUMBER: 05766215 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
13a Duke Street
Southport
Merseyside
PR8 1LS

P.A. Wright & Son Limited (Registered number: 05766215)

Balance Sheet
30 June 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 - 16,000
Tangible assets 5 17,285 20,050
17,285 36,050

CURRENT ASSETS
Stocks 18,500 19,150
Debtors 6 138,380 59,635
Cash in hand 2,658 2,736
159,538 81,521
CREDITORS
Amounts falling due within one year 7 (121,189 ) (89,662 )
NET CURRENT ASSETS/(LIABILITIES) 38,349 (8,141 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,634

27,909

CREDITORS
Amounts falling due after more than one year 8 (9,873 ) (20,125 )

PROVISIONS FOR LIABILITIES 10 (4,321 ) (5,012 )
NET ASSETS 41,440 2,772

CAPITAL AND RESERVES
Called up share capital 11 1,100 1,100
Retained earnings 40,340 1,672
SHAREHOLDERS' FUNDS 41,440 2,772

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:



Mr P A Wright - Director


P.A. Wright & Son Limited (Registered number: 05766215)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

P.A. Wright & Son 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.

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


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 represents the net sales value of contracting and goods sold during the year excluding VAT.

Goodwill
Goodwill is the amount paid for the acquisition of a business on 1 July 2006. The cost is being amortised evenly from 1 July 2014 over the asset's estimated remaining useful life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

P.A. Wright & Son Limited (Registered number: 05766215)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 July 2023
and 30 June 2024 160,000
AMORTISATION
At 1 July 2023 144,000
Charge for year 16,000
At 30 June 2024 160,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 16,000

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 July 2023
and 30 June 2024 113,967 15,647 8,400 138,014
DEPRECIATION
At 1 July 2023 97,059 12,505 8,400 117,964
Charge for year 2,136 629 - 2,765
At 30 June 2024 99,195 13,134 8,400 120,729
NET BOOK VALUE
At 30 June 2024 14,772 2,513 - 17,285
At 30 June 2023 16,908 3,142 - 20,050

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 14,487 5,511
Other debtors 123,893 54,124
138,380 59,635

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 59,395 59,029
Trade creditors 28,270 14,625
Taxation and social security 29,492 12,490
Other creditors 4,032 3,518
121,189 89,662

P.A. Wright & Son Limited (Registered number: 05766215)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 9,873 20,125

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank overdrafts 49,267 49,154

10. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 4,321 5,012

Deferred tax
£
Balance at 1 July 2023 5,012
Provided during year (691 )
Balance at 30 June 2024 4,321

The provision for deferred tax is entirely in respect of capital allowances claimed on fixed assets in excess of depreciation charges.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,000 Ordinary £1 1,000 1,000
100 Ordinary A £1 100 100
1,100 1,100

12. RELATED PARTY DISCLOSURES

Debtors include £115,466 due from Melford Construction Limited (debtor £44,505 at 30.6.23) which is controlled by a director, Mr.P.A.Wright. The company has supplied management services to Melford Construction Limited for £33,333 which relates to the year ended 30 June 2024.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P A Wright.

.