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Registered number: 04541298










THE WRIGHT DESIGN (EAST ANGLIA) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
THE WRIGHT DESIGN (EAST ANGLIA) LIMITED
REGISTERED NUMBER: 04541298

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
14,273
17,931

  
14,273
17,931

Current assets
  

Stocks
 5 
1,000
1,000

Debtors: amounts falling due within one year
 6 
41,642
46,665

  
42,642
47,665

Creditors: amounts falling due within one year
 7 
(49,764)
(53,595)

Net current liabilities
  
 
 
(7,122)
 
 
(5,930)

Total assets less current liabilities
  
7,151
12,001

Creditors: amounts falling due after more than one year
 8 
(4,068)
(8,136)

Provisions for liabilities
  

Deferred tax
  
(2,712)
(3,407)

  
 
 
(2,712)
 
 
(3,407)

Net assets
  
371
458


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
271
358

  
371
458


Page 1

 
THE WRIGHT DESIGN (EAST ANGLIA) LIMITED
REGISTERED NUMBER: 04541298
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 April 2025.




C J Wright
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
THE WRIGHT DESIGN (EAST ANGLIA) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The Wright Design (East Anglia) Limited is a private company limited by shares and incorporated in England and Wales, registration number 04541298. The registered office is Faiers House, Gilray Road, Diss, Norfolk, IP22 4WR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
THE WRIGHT DESIGN (EAST ANGLIA) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

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

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


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures & fittings
-
20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
THE WRIGHT DESIGN (EAST ANGLIA) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 October 2023
51,425
46,794
1,417
99,636



At 30 September 2024

51,425
46,794
1,417
99,636



Depreciation


At 1 October 2023
49,111
31,903
691
81,705


Charge for the year on owned assets
463
3,050
145
3,658



At 30 September 2024

49,574
34,953
836
85,363



Net book value



At 30 September 2024
1,851
11,841
581
14,273



At 30 September 2023
2,314
14,891
726
17,931

Page 5

 
THE WRIGHT DESIGN (EAST ANGLIA) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Stocks

2024
2023
£
£

Raw materials and consumables
1,000
1,000

1,000
1,000



6.


Debtors

2024
2023
£
£


Other debtors
40,079
46,099

Prepayments and accrued income
1,563
566

41,642
46,665



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
23,038
24,939

Trade creditors
5,361
5,886

Corporation tax
8,885
10,218

Other taxation and social security
5,841
5,242

Obligations under finance lease and hire purchase contracts
4,068
4,068

Accruals and deferred income
2,571
3,242

49,764
53,595


The following liabilities were secured:

2024
2023
£
£



Hire purchase liabilities
4,068
4,068

4,068
4,068

Details of security provided:

Hire purchase liabilities are secured on the assets to which they relate.

Page 6

 
THE WRIGHT DESIGN (EAST ANGLIA) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
4,068
8,136

4,068
8,136


The following liabilities were secured:

2024
2023
£
£



Hire purchase liabilities
4,068
8,136

4,068
8,136

Details of security provided:

Hire purchase liabilities are secured on the assets to which they relate.

 
Page 7