2 2 David A Wright Limited 11216929 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is specialists medical practice activities. Digita Accounts Production Advanced 6.30.9574.0 true 11216929 2023-04-01 2024-03-31 11216929 2024-03-31 11216929 bus:OrdinaryShareClass1 2024-03-31 11216929 bus:OrdinaryShareClass2 2024-03-31 11216929 bus:OrdinaryShareClass3 2024-03-31 11216929 bus:OrdinaryShareClass4 2024-03-31 11216929 core:CurrentFinancialInstruments 2024-03-31 11216929 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11216929 core:OfficeEquipment 2024-03-31 11216929 bus:SmallEntities 2023-04-01 2024-03-31 11216929 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11216929 bus:FullAccounts 2023-04-01 2024-03-31 11216929 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11216929 bus:RegisteredOffice 2023-04-01 2024-03-31 11216929 bus:Director1 2023-04-01 2024-03-31 11216929 bus:Director2 2023-04-01 2024-03-31 11216929 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 11216929 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 11216929 bus:OrdinaryShareClass3 2023-04-01 2024-03-31 11216929 bus:OrdinaryShareClass4 2023-04-01 2024-03-31 11216929 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11216929 bus:Agent1 2023-04-01 2024-03-31 11216929 core:OfficeEquipment 2023-04-01 2024-03-31 11216929 core:UKTax 2023-04-01 2024-03-31 11216929 countries:AllCountries 2023-04-01 2024-03-31 11216929 2023-03-31 11216929 core:OfficeEquipment 2023-03-31 11216929 2022-04-01 2023-03-31 11216929 2023-03-31 11216929 bus:OrdinaryShareClass1 2023-03-31 11216929 bus:OrdinaryShareClass2 2023-03-31 11216929 bus:OrdinaryShareClass3 2023-03-31 11216929 bus:OrdinaryShareClass4 2023-03-31 11216929 core:CurrentFinancialInstruments 2023-03-31 11216929 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11216929 core:OfficeEquipment 2023-03-31 11216929 bus:OrdinaryShareClass3 2022-04-01 2023-03-31 11216929 bus:OrdinaryShareClass4 2022-04-01 2023-03-31 11216929 core:UKTax 2022-04-01 2023-03-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 11216929

David A Wright Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

David A Wright Limited

Contents

Company Information

1

Directors' Report

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 9

 

David A Wright Limited

Company Information

Directors

D Wright

J Wright

Registered office

Anglo House
Worcester Road
Stourport on Severn
DY13 9AW

Accountants

Perrigo Consultants Limited
Chartered Certified AccountantsAnglo House
Worcester Road
Stourport on Severn
DY13 9AW

 

David A Wright Limited

Directors' Report for the Year Ended 31 March 2024

The directors present their report and the financial statements for the year ended 31 March 2024.

Directors of the company

The directors who held office during the year were as follows:

D Wright

J Wright

Principal activity

The principal activity of the company is specialists medical practice activities.

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 26 March 2025 and signed on its behalf by:
 

.........................................
D Wright
Director

 

David A Wright Limited

Profit and Loss Account for the Year Ended 31 March 2024

Note

2024
£

2023
£

Turnover

 

96,017

93,320

Gross profit

 

96,017

93,320

Administrative expenses

 

(17,056)

(12,337)

Operating profit

 

78,961

80,983

Other interest receivable and similar income

 

2,050

-

Profit before tax

5

81,011

80,983

Tax on profit

 

(17,170)

(15,181)

Profit for the financial year

 

63,841

65,802

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

David A Wright Limited

(Registration number: 11216929)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

6

3,142

3,840

Current assets

 

Debtors

7

100

100

Cash at bank and in hand

 

294,834

270,597

 

294,934

270,697

Creditors: Amounts falling due within one year

8

(19,643)

(16,640)

Net current assets

 

275,291

254,057

Total assets less current liabilities

 

278,433

257,897

Provisions for liabilities

-

(723)

Net assets

 

278,433

257,174

Capital and reserves

 

Called up share capital

9

400

400

Retained earnings

278,033

256,774

Shareholders' funds

 

278,433

257,174

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 26 March 2025 and signed on its behalf by:
 

.........................................
D Wright
Director

 

David A Wright Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

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

The address of its registered office is:
Anglo House
Worcester Road
Stourport on Severn
DY13 9AW

These financial statements were authorised for issue by the Board on 26 March 2025.

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.

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 sales/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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

David A Wright Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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:

Asset class

Depreciation method and rate

Office equipment

25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

David A Wright Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

3

Staff numbers

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

4

Taxation

Tax charged/(credited) in the profit and loss account

2024
£

2023
£

Current taxation

UK corporation tax

17,893

14,736

Deferred taxation

Arising from reclassification from equity to profit or loss

(723)

445

Tax expense in the income statement

17,170

15,181

5

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

1,047

1,281

 

David A Wright Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

6,541

6,541

Additions

349

349

At 31 March 2024

6,890

6,890

Depreciation

At 1 April 2023

2,701

2,701

Charge for the year

1,047

1,047

At 31 March 2024

3,748

3,748

Carrying amount

At 31 March 2024

3,142

3,142

At 31 March 2023

3,840

3,840

7

Debtors

Current

2024
£

2023
£

Other debtors

100

100

 

100

100

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

17,893

14,736

Accruals and deferred income

1,518

900

Other creditors

232

1,004

19,643

16,640

 

David A Wright Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

100

100

100

100

Ordinary B of £1 each

100

100

100

100

Redeemable C of £1 each

100

100

100

100

Redeemable D of £1 each

100

100

100

100

400

400

400

400

10

Dividends

Final dividends paid

2024
£

2023
£

Final dividend of £323.76 (2023 - £50.00) per each Redeemable C

32,376

5,000

Final dividend of £102.06 (2023 - £Nil) per each Redeemable D

10,206

-

42,582

5,000