2023-04-01 09825415 2024-03-31 09825415 2023-04-01 2024-03-31 09825415 2023-03-31 09825415 2022-04-01 2023-03-31 09825415 uk-core:WithinOneYear 2023-03-31 09825415 uk-core:WithinOneYear 2024-03-31 09825415 uk-core:AfterOneYear 2023-03-31 09825415 uk-core:AfterOneYear 2024-03-31 09825415 uk-core:ShareCapital 2024-03-31 09825415 uk-core:ShareCapital 2023-03-31 09825415 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 09825415 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 09825415 uk-bus:Director1 2023-04-01 2024-03-31 09825415 uk-core:NetGoodwill 2023-04-01 2024-03-31 09825415 uk-core:Goodwill 2023-03-31 09825415 uk-core:Goodwill 2024-03-31 09825415 uk-core:Goodwill 2023-04-01 2024-03-31 09825415 uk-core:WithinOneYear 2024-03-31 09825415 uk-core:WithinOneYear 2023-03-31 09825415 uk-core:AfterOneYear uk-core:Secured 2024-03-31 09825415 uk-core:AfterOneYear uk-core:Secured 2023-03-31 iso4217:GBP xbrli:pure 09825415 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09825415 uk-bus:FRS102 2023-04-01 2024-03-31 09825415 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 09825415 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Wright Choice Carpets Limited
Registered Number:09825415
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
09825415
As at 31 March 2024
Wright Choice Carpets Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
25,708
37,208
2
Property, plant and equipment
13,189
14,756
3
38,897
51,964
Current assets
Inventories
182,783
214,852
4
Trade and other receivables
17,061
20,728
5
78,607
Cash and cash equivalents
43,386
278,966
278,451
Trade and other payables: amounts falling due within one year
(310,018)
(393,273)
6
(31,567)
(114,307)
Net current liabilities
Total assets less current liabilities
(75,410)
20,397
Trade and other payables: amounts falling due after more than one year
(21,667)
(11,667)
7
(87,077)
Net liabilities
(1,270)
Capital and reserves
Called up share capital
20,000
20,000
Retained earnings
(107,077)
(21,270)
(87,077)
(1,270)
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs Marion Wright Director
These financial statements were approved and authorised for issue by the Board on 12 March 2025 and were signed by:
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3
Registered Number :
09825415
For the year ended 31 March 2024
Wright Choice Carpets Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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4
For the year ended 31 March 2024
Wright Choice Carpets Limited
Notes to the Financial Statements
Statutory Information
Wright Choice Carpets Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
09825415.
Principal place of business:
31 Mansfield Road
Daybrook
Nottingham
NG5 6AJ
Registered address:
Horizon House
2 Whiting Street
Sheffield
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015 and 2017, is being amortised evenly over its estimated useful life of 10 years.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2023
115,000
At 31 March 2024
115,000
Amortisation
At 01 April 2023
77,792
11,500
Charge for year
At 31 March 2024
89,292
Net book value
At 31 March 2024
25,708
At 31 March 2023
37,208
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For the year ended 31 March 2024
Wright Choice Carpets Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Fixtures and fittings
£
Cost or valuation
At 01 April 2023
15,670
At 31 March 2024
15,670
Provision for depreciation and impairment
At 01 April 2023
914
Charge for year
1,567
At 31 March 2024
2,481
At 31 March 2024
Net book value
13,189
At 31 March 2023
14,756
4. Inventories
2023
2024
£
£
Stocks
214,852
182,783
5. Trade and other receivables
2023
2024
£
£
Trade debtors
2,125
2,828
Other debtors
18,603
14,233
17,061
20,728
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
10,000
10,000
Trade creditors
97,808
15,553
Taxation and social security
4,623
6,057
Other creditors
280,842
278,408
393,273
310,018
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6
For the year ended 31 March 2024
Wright Choice Carpets Limited
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
11,667
21,667
8. Average number of persons employed
During the year the average number of employees was 5 (2023 : 4)
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