Registered number
10326483
J A Wright Electrical Ltd
Filleted Accounts
31 August 2024
J A Wright Electrical Ltd
Registered number: 10326483
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 794 1,058
Current assets
Stocks 225 225
Cash at bank and in hand 18,538 18,605
18,763 18,830
Creditors: amounts falling due within one year 4 (19,537) (19,844)
Net current liabilities (774) (1,014)
Net assets 20 44
Capital and reserves
Called up share capital 10 10
Profit and loss account 10 34
Shareholder's funds 20 44
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J A Wright
Director
Approved by the board on 8 April 2025
J A Wright Electrical Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 6,430
At 31 August 2024 6,430
Depreciation
At 1 September 2023 5,372
Charge for the year 264
At 31 August 2024 5,636
Net book value
At 31 August 2024 794
At 31 August 2023 1,058
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,064 1,679
Taxation and social security costs 7,891 4,975
Other creditors 8,582 13,190
19,537 19,844
5 Other information
J A Wright Electrical Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Fieldcroft
Banbury Road
Stratford-upon-Avon
Warwickshire
CV37 7NF
J A Wright Electrical Ltd 10326483 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts July 2024 J A Wright No description of principal activity 10326483 2022-09-01 2023-08-31 10326483 core:WithinOneYear 2023-08-31 10326483 core:ShareCapital 2023-08-31 10326483 core:RetainedEarningsAccumulatedLosses 2023-08-31 10326483 2023-09-01 2024-08-31 10326483 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10326483 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 10326483 bus:Director40 2023-09-01 2024-08-31 10326483 1 2023-09-01 2024-08-31 10326483 2 2023-09-01 2024-08-31 10326483 core:PlantMachinery 2023-09-01 2024-08-31 10326483 countries:England 2023-09-01 2024-08-31 10326483 bus:FRS102 2023-09-01 2024-08-31 10326483 bus:FilletedAccounts 2023-09-01 2024-08-31 10326483 2024-08-31 10326483 core:WithinOneYear 2024-08-31 10326483 core:ShareCapital 2024-08-31 10326483 core:RetainedEarningsAccumulatedLosses 2024-08-31 10326483 core:PlantMachinery 2024-08-31 10326483 2023-08-31 10326483 core:PlantMachinery 2023-08-31 iso4217:GBP xbrli:pure