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REGISTERED NUMBER: 00915896 (England and Wales)
























MAX WRIGHT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






MAX WRIGHT LIMITED (REGISTERED NUMBER: 00915896)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


MAX WRIGHT LIMITED (REGISTERED NUMBER: 00915896)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 1,715,766 1,741,886
1,715,767 1,741,887

CURRENT ASSETS
Stocks 859,454 715,226
Debtors 6 596,644 266,094
Cash at bank and in hand 2,055,271 1,093,678
3,511,369 2,074,998
CREDITORS
Amounts falling due within one year 7 1,634,792 626,443
NET CURRENT ASSETS 1,876,577 1,448,555
TOTAL ASSETS LESS CURRENT LIABILITIES 3,592,344 3,190,442

CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 8 827,018 827,018
Retained earnings 2,765,126 2,363,224
3,592,344 3,190,442

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 May 2025 and were signed on its behalf by:



D M Wright - Director


MAX WRIGHT LIMITED (REGISTERED NUMBER: 00915896)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Max Wright Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00915896

Registered office: Woodlands Works
Woodlands Road
Thundridge
Ware
Hertfordshire
SG12 0SP

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 20% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


MAX WRIGHT LIMITED (REGISTERED NUMBER: 00915896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2023 - 42 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 29,385
AMORTISATION
At 1 October 2023
and 30 September 2024 29,384
NET BOOK VALUE
At 30 September 2024 1
At 30 September 2023 1

MAX WRIGHT LIMITED (REGISTERED NUMBER: 00915896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Motor
property property machinery vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 1,580,000 63,805 438,406 183,141 2,265,352
Additions - - 2,275 - 2,275
Disposals - - (44,315 ) - (44,315 )
At 30 September 2024 1,580,000 63,805 396,366 183,141 2,223,312
DEPRECIATION
At 1 October 2023 - - 418,254 105,212 523,466
Charge for year - 3,190 5,568 19,482 28,240
Eliminated on disposal - - (44,160 ) - (44,160 )
At 30 September 2024 - 3,190 379,662 124,694 507,546
NET BOOK VALUE
At 30 September 2024 1,580,000 60,615 16,704 58,447 1,715,766
At 30 September 2023 1,580,000 63,805 20,152 77,929 1,741,886

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 530,611 199,918
Other debtors 66,033 66,176
596,644 266,094

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 819,313 332,651
Taxation and social security 222,419 42,717
Other creditors 593,060 251,075
1,634,792 626,443

8. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 827,018

9. RELATED PARTY DISCLOSURES

Previously the freehold property known as Woodlands House was introduced jointly by David M Wright and Andrew S Wright at a total value of £425,000. There was no amount outstanding to the directors at the year end to either director.

MAX WRIGHT LIMITED (REGISTERED NUMBER: 00915896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the Wright family.