Registered number
04669274
Wraytec Limited
Filleted Accounts
31 March 2025
Wraytec Limited
Registered number: 04669274
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 419,154 419,154
Current assets
Cash at bank and in hand 42,974 28,822
Creditors: amounts falling due within one year 4 (5,328) (4,103)
Net current assets 37,646 24,719
Total assets less current liabilities 456,800 443,873
Creditors: amounts falling due after more than one year 5 (309,000) (309,000)
Net assets 147,800 134,873
Capital and reserves
Called up share capital 100 100
Revaluation reserve 6 104,781 104,781
Profit and loss account 42,919 29,992
Shareholders' funds 147,800 134,873
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr A Douglas Wray
Director
Approved by the board on 16 May 2025
Wraytec Limited
Notes to the Accounts
for the year ended 31 March 2025
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 over 5 years
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2024 419,154 16,622 435,776
At 31 March 2025 419,154 16,622 435,776
Depreciation
At 1 April 2024 - 16,622 16,622
At 31 March 2025 - 16,622 16,622
Net book value
At 31 March 2025 419,154 - 419,154
At 31 March 2024 419,154 - 419,154
4 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 87 133
Taxation and social security costs 3,033 2,063
Other creditors 2,208 1,907
5,328 4,103
5 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors 309,000 309,000
6 Revaluation reserve 2025 2024
£ £
At 1 April 2024 104,781 104,781
At 31 March 2025 104,781 104,781
7 Other information
Wraytec Limited is a private company limited by shares and incorporated in England. Its registered office is:
36 Dents Close
Letchworth Garden City
Herts
SG6 2TP
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