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WRIGHTWAY SAFETY LTD

Registered Number
07754796
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

WRIGHTWAY SAFETY LTD
Company Information
for the year from 1 September 2023 to 31 August 2024

Directors

WRIGHT, Phillip David
WRIGHT, Tina Joy

Registered Address

191 Malling Road
Snodland
ME6 5EE

Registered Number

07754796 (England and Wales)
WRIGHTWAY SAFETY LTD
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,1062,808
2,1062,808
Current assets
Debtors13,60420,087
Cash at bank and on hand3,4931,130
17,09721,217
Creditors amounts falling due within one year4(25,509)(20,655)
Net current assets (liabilities)(8,412)562
Total assets less current liabilities(6,306)3,370
Creditors amounts falling due after one year5(28,513)(30,794)
Net assets(34,819)(27,424)
Capital and reserves
Called up share capital22
Profit and loss account(34,821)(27,426)
Shareholders' funds(34,819)(27,424)
The financial statements were approved and authorised for issue by the Board of Directors on 20 August 2025, and are signed on its behalf by:
WRIGHT, Tina Joy
Director
Registered Company No. 07754796
WRIGHTWAY SAFETY LTD
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 September 2315021,1492,06123,360
At 31 August 2415021,1492,06123,360
Depreciation and impairment
At 01 September 2313118,5581,86320,552
Charge for year564849702
At 31 August 2413619,2061,91221,254
Net book value
At 31 August 24141,9431492,106
At 31 August 23192,5911982,808
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,015980
Taxation and social security20,52817,189
Accrued liabilities and deferred income2,9662,486
Total25,50920,655
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts28,51330,794
Total28,51330,794