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Company No: 14750520 (England and Wales)

WRIGHT HOLDINGS (DEVON) LTD

Unaudited Financial Statements
For the financial year ended 28 February 2025
Pages for filing with the registrar

WRIGHT HOLDINGS (DEVON) LTD

Unaudited Financial Statements

For the financial year ended 28 February 2025

Contents

WRIGHT HOLDINGS (DEVON) LTD

STATEMENT OF FINANCIAL POSITION

As at 28 February 2025
WRIGHT HOLDINGS (DEVON) LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 28 February 2025
Note 28.02.2025 28.02.2024
£ £
Fixed assets
Investments 3 110 110
110 110
Current assets
Debtors 4 8,590 3,590
Cash at bank and in hand 4,953 2,060
13,543 5,650
Creditors: amounts falling due within one year 5 ( 12,641) ( 5,100)
Net current assets 902 550
Total assets less current liabilities 1,012 660
Net assets 1,012 660
Capital and reserves
Called-up share capital 6 200 200
Profit and loss account 812 460
Total shareholders' funds 1,012 660

For the financial year ending 28 February 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Wright Holdings (Devon) Ltd (registered number: 14750520) were approved and authorised for issue by the Board of Directors on 06 June 2025. They were signed on its behalf by:

Chris Wright
Director
WRIGHT HOLDINGS (DEVON) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
WRIGHT HOLDINGS (DEVON) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Wright Holdings (Devon) Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Orchards Allercombe, Rockbeare, Exeter, EX5 2HD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Reporting period length

Reporting period length in the previous period was less than 12 months due to the incorporation date of the Company and to bring the year end in line with other group companies. As a result of this, the comparative figures shown in the financial statements, and the supporting notes, are not entirely comparable.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

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.

2. Employees

Year ended
28.02.2025
Period from
22.03.2023 to
28.02.2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

28.02.2025
£
Cost
At 29 February 2024 110
At 28 February 2025 110
Carrying value at 28 February 2025 110
Carrying value at 28 February 2024 110

4. Debtors

28.02.2025 28.02.2024
£ £
Amounts owed by own subsidiaries 8,390 3,390
Amounts owed by directors 200 200
8,590 3,590

5. Creditors: amounts falling due within one year

28.02.2025 28.02.2024
£ £
Amounts owed to own subsidiaries 10,100 5,100
Accruals 2,541 0
12,641 5,100

6. Called-up share capital

28.02.2025 28.02.2024
£ £
Allotted, called-up and fully-paid
200 Ordinary shares of £ 1.00 each 200 200