29 February 2024 false No description of principal activity Taxfiler 2024.6 08398872business:PrivateLimitedCompanyLtd2024-02-292025-02-28 083988722024-02-28 083988722024-02-292025-02-28 08398872business:AuditExempt-NoAccountantsReport2024-02-292025-02-28 08398872business:FilletedAccounts2024-02-292025-02-28 083988722025-02-28 08398872business:Director12024-02-292025-02-28 08398872business:RegisteredOffice2024-02-292025-02-28 083988722024-02-28 08398872core:WithinOneYear2025-02-28 08398872core:WithinOneYear2024-02-28 08398872core:AfterOneYear2025-02-28 08398872core:AfterOneYear2024-02-28 08398872core:SharePremiumcore:PreviouslyStatedAmount2025-02-28 08398872core:SharePremiumcore:PreviouslyStatedAmount2024-02-28 08398872core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-02-28 08398872core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-28 08398872core:PreviouslyStatedAmount2025-02-28 08398872core:PreviouslyStatedAmount2024-02-28 08398872business:SmallEntities2024-02-292025-02-28 08398872countries:EnglandWales2024-02-292025-02-28 08398872core:PlantMachinery2024-02-292025-02-28 08398872core:MotorVehicles2024-02-292025-02-28 08398872core:PlantMachinery2024-02-28 08398872core:MotorVehicles2024-02-28 08398872core:PlantMachinery2025-02-28 08398872core:MotorVehicles2025-02-28 083988722023-03-012024-02-28 iso4217:GBP xbrli:pure
Company Registration No. 08398872 (England and Wales)
Wrights Division Clearances Ltd Unaudited accounts for the period from 29 February 2024 to 28 February 2025
Wrights Division Clearances Ltd Unaudited accounts Contents
Page
- 2 -
Wrights Division Clearances Ltd Company Information for the period from 29 February 2024 to 28 February 2025
Director
S R Wright
Company Number
08398872 (England and Wales)
Registered Office
40 Sandpits Leominster HR6 8HT
Accountants
Armstrong Rogers & Co 45 Etnam Street Leominster Herefordshire HR6 8AE
- 3 -
Wrights Division Clearances Ltd Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,817 
4,356 
Current assets
Inventories
4,273 
5,690 
Debtors
1,308 
1,301 
Cash at bank and in hand
3,232 
223 
8,813 
7,214 
Creditors: amounts falling due within one year
(17,710)
(22,617)
Net current liabilities
(8,897)
(15,403)
Total assets less current liabilities
(1,080)
(11,047)
Creditors: amounts falling due after more than one year
(3,848)
- 
Net liabilities
(4,928)
(11,047)
Capital and reserves
Share premium
2 
2 
Profit and loss account
(4,930)
(11,049)
Shareholders' funds
(4,928)
(11,047)
For the period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 August 2025 and were signed on its behalf by
S R Wright Director Company Registration No. 08398872
- 4 -
Wrights Division Clearances Ltd Notes to the Accounts for the period from 29 February 2024 to 28 February 2025
1
Statutory information
Wrights Division Clearances Ltd is a private company, limited by shares, registered in England and Wales, registration number 08398872. The registered office is 40 Sandpits, Leominster, HR6 8HT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance Basis
Motor vehicles
25% Reducing Balance Basis
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 29 February 2024
3,118 
21,000 
24,118 
Additions
6,066 
- 
6,066 
At 28 February 2025
9,184 
21,000 
30,184 
Depreciation
At 29 February 2024
2,499 
17,263 
19,762 
Charge for the period
1,671 
934 
2,605 
At 28 February 2025
4,170 
18,197 
22,367 
Net book value
At 28 February 2025
5,014 
2,803 
7,817 
At 28 February 2024
619 
3,737 
4,356 
- 5 -
Wrights Division Clearances Ltd Notes to the Accounts for the period from 29 February 2024 to 28 February 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Other debtors
1,308 
1,301 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
- 
1,526 
Obligations under finance leases and hire purchase contracts
1,100 
- 
Trade creditors
46 
1,794 
Loans from directors
15,584 
18,407 
Accruals
980 
890 
17,710 
22,617 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Obligations under finance leases and hire purchase contracts
3,848 
- 
8
Transactions with related parties
At the 28 February 2025 the company owed £15,584 (2024 - £18,407) to S R Wright in respect of his Directors Account.
9
Average number of employees
During the period the average number of employees was 2 (2024: 2).
- 6 -