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REGISTERED NUMBER: 00675206 (England and Wales)






















Report of the Director and

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

J.E Wright (Home Heating Systems)Limited

J.E Wright (Home Heating Systems)Limited (Registered number: 00675206)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Report of the Director 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Statement of Changes in Equity 6

Notes to the Financial Statements 7


J.E Wright (Home Heating Systems)Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Dr M Woodcock





REGISTERED OFFICE: Inkersall Farmhouse
Inkersall
Bilsthorpe
Nottinghamshire
NG22 8TL





REGISTERED NUMBER: 00675206 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Unit 4B, The Willows
Ransom Wood Business Park
Southwell Road West
Mansfield
Nottinghamshire
NG21 0HJ

J.E Wright (Home Heating Systems)Limited (Registered number: 00675206)

Report of the Director
for the Year Ended 30 September 2024

The director presents his report with the financial statements of the company for the year ended 30 September 2024.

DIRECTOR
Dr M Woodcock held office during the whole of the period from 1 October 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Dr M Woodcock - Director


19 June 2025

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
J.E Wright (Home Heating Systems)Limited


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J.E Wright (Home Heating Systems)Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of J.E Wright (Home Heating Systems)Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J.E Wright (Home Heating Systems)Limited and state those matters that we have agreed to state to the director of J.E Wright (Home Heating Systems)Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J.E Wright (Home Heating Systems)Limited and its director for our work or for this report.

It is your duty to ensure that J.E Wright (Home Heating Systems)Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J.E Wright (Home Heating Systems)Limited. You consider that J.E Wright (Home Heating Systems)Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J.E Wright (Home Heating Systems)Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Unit 4B, The Willows
Ransom Wood Business Park
Southwell Road West
Mansfield
Nottinghamshire
NG21 0HJ


19 June 2025

J.E Wright (Home Heating Systems)Limited (Registered number: 00675206)

Income Statement
for the Year Ended 30 September 2024

2024 2023
Notes £    £   

TURNOVER 1,055,438 1,059,182

Administrative expenses 444,003 672,308
OPERATING PROFIT 4 611,435 386,874

Interest receivable and similar income 30,823 12,147
PROFIT BEFORE TAXATION 642,258 399,021

Tax on profit 166,298 94,100
PROFIT FOR THE FINANCIAL YEAR 475,960 304,921

J.E Wright (Home Heating Systems)Limited (Registered number: 00675206)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 10,607 10,826
Investment property 6 721,544 699,545
732,151 710,371

CURRENT ASSETS
Stocks 365,085 365,085
Debtors 7 6,612,273 7,456,016
Investments 8 10,000 10,000
Cash at bank and in hand 1,967,416 285,493
8,954,774 8,116,594
CREDITORS
Amounts falling due within one year 9 1,803,197 1,424,876
NET CURRENT ASSETS 7,151,577 6,691,718
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,883,728

7,402,089

PROVISIONS FOR LIABILITIES 30,938 25,259
NET ASSETS 7,852,790 7,376,830

CAPITAL AND RESERVES
Called up share capital 10 500 500
Fair value reserve 11 81,902 81,902
Retained earnings 7,770,388 7,294,428
SHAREHOLDERS' FUNDS 7,852,790 7,376,830

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 director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 19 June 2025 and were signed by:





Dr M Woodcock - Director


J.E Wright (Home Heating Systems)Limited (Registered number: 00675206)

Statement of Changes in Equity
for the Year Ended 30 September 2024

Called up Fair
share Retained value Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 October 2022 500 6,989,507 81,902 7,071,909

Changes in equity
Total comprehensive income - 304,921 - 304,921
Balance at 30 September 2023 500 7,294,428 81,902 7,376,830

Changes in equity
Total comprehensive income - 475,960 - 475,960
Balance at 30 September 2024 500 7,770,388 81,902 7,852,790

J.E Wright (Home Heating Systems)Limited (Registered number: 00675206)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

J.E Wright (Home Heating Systems)Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference
between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

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.

J.E Wright (Home Heating Systems)Limited (Registered number: 00675206)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 1,706 1,909

5. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 October 2023 48,396 37,534 85,930
Additions - 1,487 1,487
At 30 September 2024 48,396 39,021 87,417
DEPRECIATION
At 1 October 2023 42,119 32,985 75,104
Charge for year 942 764 1,706
At 30 September 2024 43,061 33,749 76,810
NET BOOK VALUE
At 30 September 2024 5,335 5,272 10,607
At 30 September 2023 6,277 4,549 10,826

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 699,545
Revaluations 21,999
At 30 September 2024 721,544
NET BOOK VALUE
At 30 September 2024 721,544
At 30 September 2023 699,545

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2020 62,818
Valuation in 2022 33,669
Valuation in 2024 21,999
Cost 603,058
721,544

J.E Wright (Home Heating Systems)Limited (Registered number: 00675206)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. INVESTMENT PROPERTY - continued

If Investment Property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 603,058 603,058

Investment Property was valued on an open market basis on 30 September 2024 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 6,612,273 7,456,016

8. CURRENT ASSET INVESTMENTS

The company owns 2 £1 ordinary shares in University Associates International Limited, representing 5% of the share capital of that company. The investment is valued at cost. University Associates International Limited had capital and reserves of £1,405,132 at 31 March 2024.

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 29,418 28,287
Trade creditors 1,634,899 1,267,290
Taxation and social security 123,981 114,732
Other creditors 14,899 14,567
1,803,197 1,424,876

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
500 Ordinary Shares 1.00 500 500

11. RESERVES
Fair
value
reserve
£   
At 1 October 2023
and 30 September 2024 81,902