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REGISTERED NUMBER: 00525329 (England and Wales)















Wright Brothers Partnership Limited

Unaudited Financial Statements For The Year Ended 31 March 2025






Wright Brothers Partnership Limited (Registered number: 00525329)






Contents of the Financial Statements
For The Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wright Brothers Partnership Limited

Company Information
For The Year Ended 31 March 2025







DIRECTORS: P L Ross
S R Foster



SECRETARY: S R Foster



REGISTERED OFFICE: City Heating Works
Waverley Road
Darnall
Sheffield
South Yorkshire
S9 4PL



REGISTERED NUMBER: 00525329 (England and Wales)



ACCOUNTANTS: Kingswood Allotts Limited
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU



BANKERS: National Westminster Bank
42 High Street
Sheffield
S1 2GE

Wright Brothers Partnership Limited (Registered number: 00525329)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 64,817 85,878

CURRENT ASSETS
Stocks 5 8,814 4,000
Debtors 6 319,937 260,730
Cash at bank 373,231 410,021
701,982 674,751
CREDITORS
Amounts falling due within one year 7 391,586 389,092
NET CURRENT ASSETS 310,396 285,659
TOTAL ASSETS LESS CURRENT LIABILITIES 375,213 371,537

PROVISIONS FOR LIABILITIES 9 15,454 39,532
NET ASSETS 359,759 332,005

CAPITAL AND RESERVES
Called up share capital 10 15,000 15,000
Revaluation reserve 11 1,685 1,685
Retained earnings 343,074 315,320
SHAREHOLDERS' FUNDS 359,759 332,005

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





S R Foster - Director


Wright Brothers Partnership Limited (Registered number: 00525329)

Notes to the Financial Statements
For The Year Ended 31 March 2025

1. STATUTORY INFORMATION

Wright Brothers Partnership 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 represents the value of work done for which the company has earned the right to consideration in exchange for performance less a provision for rectification. This brings in as income part of the profit on contracts as they progress.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on cost
Plant and machinery - 20% on reducing balance
Office equipment - 25% on cost
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Grants receivable
Grants received in respect of revenue expenditure are credited to the profit and loss account in the year to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

Wright Brothers Partnership Limited (Registered number: 00525329)

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and Office Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2024
and 31 March 2025 17,500 18,076 6,591 150,589 192,756
DEPRECIATION
At 1 April 2024 14,500 17,999 6,130 68,249 106,878
Charge for year - 15 461 20,585 21,061
At 31 March 2025 14,500 18,014 6,591 88,834 127,939
NET BOOK VALUE
At 31 March 2025 3,000 62 - 61,755 64,817
At 31 March 2024 3,000 77 461 82,340 85,878

Included in cost or valuation of land and buildings is freehold land of £ 3,000 (2024 - £ 3,000 ) which is not depreciated.

Cost or valuation at 31 March 2025 is represented by:

Freehold Plant and Office Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
Valuation in 1977 9,764 - - - 9,764
Cost 7,736 18,076 6,591 150,589 182,992
17,500 18,076 6,591 150,589 192,756

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025 2024
£    £   
Cost 7,736 7,736
Aggregate depreciation 6,421 6,421

Value of land in freehold land and buildings 1,315 1,315

Freehold land and buildings were valued on an open market basis on 4 March 1977 by Mark Jenkinson & Son Incorporated Valuers .

The company has not adopted a policy of revaluing the freehold property.

5. STOCKS
2025 2024
£    £   
Stocks 8,814 4,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 318,079 260,106
Other debtors 781 624
Prepayments 1,077 -
319,937 260,730

Wright Brothers Partnership Limited (Registered number: 00525329)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 89,879 92,558
Taxation 14,849 5,625
Social security and other taxes 35,876 33,104
VAT 74,698 71,435
Other creditors 151,258 155,404
Accrued expenses 25,026 30,966
391,586 389,092

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 8,072 6,392
Between one and five years 6,219 3,925
14,291 10,317

9. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax
Accelerated capital allowances 15,454 20,720
Rectification provision - 18,812
15,454 39,532

Deferred Other
tax provisions
£    £   
Balance at 1 April 2024 20,720 18,812
Provided during year (5,266 ) -
Rectification movement - (18,812 )
Balance at 31 March 2025 15,454 -

Other provisions includes an amount set aside for rectification work calculated at 1.25% of the company turnover.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
15,000 Ordinary £1 15,000 15,000

11. RESERVES
Revaluation
reserve
£   
At 1 April 2024
and 31 March 2025 1,685

No provision for tax has been made on the revaluation reserve.