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REGISTERED NUMBER: 08514159















Financial Statements for the Year Ended 31 March 2025

for

WRIGHT REFINISHING SUPPLIES LIMITED

WRIGHT REFINISHING SUPPLIES LIMITED (REGISTERED NUMBER: 08514159)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


WRIGHT REFINISHING SUPPLIES LIMITED (REGISTERED NUMBER: 08514159)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 11,598 15,464

CURRENT ASSETS
Stocks 3,100 3,108
Debtors 6 24,854 22,924
Cash at bank and in hand 21,005 15,538
48,959 41,570
CREDITORS
Amounts falling due within one year 7 45,593 42,944
NET CURRENT ASSETS/(LIABILITIES) 3,366 (1,374 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,964

14,090

PROVISIONS FOR LIABILITIES 2,204 2,938
NET ASSETS 12,760 11,152

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 12,757 11,149
SHAREHOLDERS' FUNDS 12,760 11,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

WRIGHT REFINISHING SUPPLIES LIMITED (REGISTERED NUMBER: 08514159)

Balance Sheet - continued
31 March 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 June 2025 and were signed on its behalf by:




Mr P Wright - Director



Mrs H S Wright - Director


WRIGHT REFINISHING SUPPLIES LIMITED (REGISTERED NUMBER: 08514159)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Wright Refinishing Supplies Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08514159 and the registered office address is 9 Glendue Grove, Stoke-on-trent, Staffordshire, ST4 8XX.

The principal activity during the year was that of retailers of wholesale trade of motor vehicle parts and accessories.

The presentation of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The preparation of the financial statements in conformity with generally accepted accounting principles requires the Directors to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results in the future could differ from those estimates. Management considers that certain accounting assumptions relating to revenue, taxation and provisions are its critical accounting policies.

Turnover
Turnover is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit or loss over the relevant period. The capital element of the future payments is treated as a liability.


WRIGHT REFINISHING SUPPLIES LIMITED (REGISTERED NUMBER: 08514159)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 27,490 649 28,139
DEPRECIATION
At 1 April 2024 12,026 649 12,675
Charge for year 3,866 - 3,866
At 31 March 2025 15,892 649 16,541
NET BOOK VALUE
At 31 March 2025 11,598 - 11,598
At 31 March 2024 15,464 - 15,464

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 23,322 21,498
Other debtors 1,532 1,426
24,854 22,924

WRIGHT REFINISHING SUPPLIES LIMITED (REGISTERED NUMBER: 08514159)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 39,144 32,194
Taxation and social security 3,348 1,781
Other creditors 3,101 8,969
45,593 42,944