Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30178502023-10-01falsefalseMixed farming and property rental77truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05915625 2023-10-01 2024-09-30 05915625 2022-10-01 2023-09-30 05915625 2024-09-30 05915625 2023-09-30 05915625 2022-10-01 05915625 c:Director1 2023-10-01 2024-09-30 05915625 d:Buildings d:LongLeaseholdAssets 2023-10-01 2024-09-30 05915625 d:Buildings d:LongLeaseholdAssets 2024-09-30 05915625 d:Buildings d:LongLeaseholdAssets 2023-09-30 05915625 d:PlantMachinery 2023-10-01 2024-09-30 05915625 d:PlantMachinery 2024-09-30 05915625 d:PlantMachinery 2023-09-30 05915625 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05915625 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 05915625 d:OfficeEquipment 2023-10-01 2024-09-30 05915625 d:OfficeEquipment 2024-09-30 05915625 d:OfficeEquipment 2023-09-30 05915625 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05915625 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 05915625 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05915625 d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 05915625 d:PatentsTrademarksLicencesConcessionsSimilar 2024-09-30 05915625 d:PatentsTrademarksLicencesConcessionsSimilar 2023-09-30 05915625 d:Goodwill 2024-09-30 05915625 d:Goodwill 2023-09-30 05915625 d:CurrentFinancialInstruments 2024-09-30 05915625 d:CurrentFinancialInstruments 2023-09-30 05915625 d:Non-currentFinancialInstruments 2024-09-30 05915625 d:Non-currentFinancialInstruments 2023-09-30 05915625 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 05915625 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 05915625 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 05915625 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 05915625 d:ShareCapital 2024-09-30 05915625 d:ShareCapital 2023-09-30 05915625 d:RetainedEarningsAccumulatedLosses 2024-09-30 05915625 d:RetainedEarningsAccumulatedLosses 2023-09-30 05915625 c:FRS102 2023-10-01 2024-09-30 05915625 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05915625 c:FullAccounts 2023-10-01 2024-09-30 05915625 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05915625 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 05915625 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 05915625 d:TaxLossesCarry-forwardsDeferredTax 2024-09-30 05915625 d:TaxLossesCarry-forwardsDeferredTax 2023-09-30 05915625 d:RetirementBenefitObligationsDeferredTax 2024-09-30 05915625 d:RetirementBenefitObligationsDeferredTax 2023-09-30 05915625 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-09-30 05915625 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-09-30 05915625 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2024-09-30 05915625 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-09-30 05915625 d:LeasedAssetsHeldAsLessee 2024-09-30 05915625 d:LeasedAssetsHeldAsLessee 2023-09-30 05915625 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 05915625










R M WRIGHT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
R M WRIGHT LIMITED
REGISTERED NUMBER: 05915625

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
23,207
23,207

Tangible assets
 5 
589,838
574,696

  
613,045
597,903

Current assets
  

Stocks
  
409,078
353,935

Debtors: amounts falling due within one year
 6 
123,527
126,215

  
532,605
480,150

Creditors: amounts falling due within one year
 7 
(739,288)
(747,525)

Net current liabilities
  
 
 
(206,683)
 
 
(267,375)

Total assets less current liabilities
  
406,362
330,528

Creditors: amounts falling due after more than one year
 8 
(50,011)
(93,854)

Provisions for liabilities
  

Deferred tax
 9 
(102,111)
(72,215)

Net assets
  
254,240
164,459


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
254,140
164,359

  
254,240
164,459


Page 1

 
R M WRIGHT LIMITED
REGISTERED NUMBER: 05915625
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 June 2025.




R M Wright
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
R M WRIGHT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

R M Wright Limited is a private Company limited by shares, incorporated in England and Wales (registration number: 05915625). Its registered office is Scarcliffe Lanes Farm, Scarcliffe Lanes, Upper Langwith, Mansfield, Derbyshire, NG20 9RQ. The principal activity of the Company during the year continued to be that of mixed farming and property rental.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
R M WRIGHT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Leasehold property
-
10 years straight line
Plant and machinery
-
20% reducing balance
Equipment
-
20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each Balance Sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings. 
Page 4

 
R M WRIGHT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.7

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of Income and Retained Earnings so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.8

Government grants

Grants relating to expenditure on tangible fixed assets are credited to the Statement of Income and Retained Earnings at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure. 

 
2.9

Pensions

Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
R M WRIGHT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. 


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 7).


4.


Intangible assets




SFP Entitlements
Goodwill
Total

£
£
£



Cost


At 1 October 2023
23,207
32,250
55,457



At 30 September 2024

23,207
32,250
55,457



Amortisation


At 1 October 2023
-
32,250
32,250



At 30 September 2024

-
32,250
32,250



Net book value



At 30 September 2024
23,207
-
23,207



At 30 September 2023
23,207
-
23,207



Page 6

 
R M WRIGHT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Equipment
Total

£
£
£
£



Cost or valuation


At 1 October 2023
188,221
408,933
442,261
1,039,415


Additions
52,424
23,022
57,500
132,946


Disposals
-
(43,500)
(16,590)
(60,090)



At 30 September 2024

240,645
388,455
483,171
1,112,271



Depreciation


At 1 October 2023
44,353
214,934
205,432
464,719


Charge for the year on owned assets
17,850
26,957
24,685
69,492


Charge for the year on financed assets
-
12,861
29,300
42,161


Disposals
-
(40,088)
(13,851)
(53,939)



At 30 September 2024

62,203
214,664
245,566
522,433



Net book value



At 30 September 2024
178,442
173,791
237,605
589,838



At 30 September 2023
143,868
193,999
236,829
574,696

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
51,444
103,934

Equipment
133,242
145,902

184,686
249,836

Page 7

 
R M WRIGHT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
49,272
82,474

Other debtors
74,255
43,741

123,527
126,215



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
95,031
72,586

Bank loans
10,311
53,200

Trade creditors
93,393
122,135

Corporation tax
227
-

Other taxation and social security
1,388
972

Hire purchase contracts
56,367
65,715

Other creditors
441,605
432,917

Accruals and deferred income
40,966
-

739,288
747,525


See note 8 for details of security.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
7,892
17,688

Hire purchase contracts
42,119
76,166

50,011
93,854


Secured loans
Included in creditors are bank loans and net obligations under hire purchase contracts for which security has been given.

Page 8

 
R M WRIGHT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Deferred taxation




2024
2023


£

£






At beginning of year
72,215
76,318


Charged to profit or loss
29,896
(4,103)



At end of year
102,111
72,215

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
102,122
109,820

Tax losses carried forward
-
(37,598)

Pension surplus
(11)
(7)

102,111
72,215


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,782 (2023: £1,465). Contributions totalling £43 (2023: £27) were payable to the fund at the Balance Sheet date and are included in creditors.

 
Page 9