| Registered Number:06776815 |
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2025
J Wright & Co Ltd
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
J Wright & Co Ltd
Statement of Financial Position
2024
2025
15,000
144,026
2
| Property, plant and equipment |
28,683
50,522
3
45,000
-
43,683
239,548
| Trade and other receivables |
27,043
27,485
4
16,020
| Cash and cash equivalents |
932
28,417
43,063
| Trade and other payables: amounts falling due within one |
| year |
(55,146)
(270,409)
5
(12,083)
(241,992)
Net current liabilities
| Total assets less current liabilities |
(198,309)
227,465
| Trade and other payables: amounts falling due after more |
| than one year |
(150,590)
-
6
(198,309)
Net assets/liabilities
76,875
100
100
14,999
144,025
7
(213,408)
(67,250)
(198,309)
76,875
Shareholders' funds
| For the year ended 31 March 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 of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2025
J Wright & Co Ltd
Statement of Financial Position Continued
| James W Wright-Anderson Director |
| These financial statements were approved and authorised for issue by the Board on 12 September 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2025
J Wright & Co Ltd
Notes to the Financial Statements
Statutory Information
| J Wright & Co Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 06776815. |
5 Whytecliffe Road South
Purley
Surrey
CR8 2AY
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Intangible assets
| Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Motor vehicles
Fixtures and fittings
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 March 2025
J Wright & Co Ltd
Notes to the Financial Statements Continued
| 2. Intangible fixed assets |
Goodwill
247,067
(129,026)
118,041
103,041
103,041
15,000
144,026
| 3. Property, plant and equipment |
Motor vehicles
66,023
3,584
891
61,548
-
-
(12,500)
(12,500)
49,048
891
3,584
53,523
| Provision for depreciation and impairment |
15,501
3,410
861
11,230
Charge for year
12,464
173
29
12,262
(3,125)
-
-
(3,125)
24,840
3,583
890
20,367
28,681
1
1
28,683
50,318
30
174
50,522
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For the year ended 31 March 2025
J Wright & Co Ltd
Notes to the Financial Statements Continued
| 4. Trade and other receivables |
2024
2025
25,178
20,870
2,307
6,173
27,043
27,485
| The debtors above include the following amounts falling due after more than one year: |
11,479
12,208
| 5. Trade and other payables: amounts falling due within one year |
2024
2025
| Taxation and social security |
40,502
44,425
229,907
10,721
270,409
55,146
| 6. Trade and other payables: amounts falling due after more than one year |
2024
2025
-
69,530
-
81,060
-
150,590
| Revaluation reserve at 01 April 2024 |
144,025
| Revaluation of fixed assets |
(129,026)
14,999
| Revaluation reserve at 31 March 2025 |
| The customer base of the company has declined significantly over the last eighteen months resulting in the value of |
| its "Goodwill" being permanently eroded due to of adverse economic conditions facing its own customers. |
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For the year ended 31 March 2025
J Wright & Co Ltd
Notes to the Financial Statements Continued
| 8. Related party transactions |
| The company was owed £47,599.89 as at the balance sheet date by Dart Digital UK Ltd, who went into "Creditors |
| Voluntary Liquidation" on 29 August 2025 and there is no reasonable prospect of a recovery, despite the debt being |
| secured by a floating charge. |
| The company owes Duffy Regan Ltd £15,657 at the balance sheet date; during the year Duffy Regan Ltd also |
| offered a guarantee in the sum of £75,000 to secure a business loan for which the balance outstanding at the |
| balance sheet date was £70,222. |
| Going Concern & Guarantees These accounts have not been prepared on a going concern basis following the liquidation of the company's principal debtor and the concurrent deterioration of its own customer base The company is encumbered with a floating charge for securing £130,000 for a related party,Duffy Regan Ltd, in July 2020; most of the liability has been satisfactorily repaid at the balance sheet date. |
| 10. Average number of persons employed |
During the year the average number of employees was 4 (2024 : 4)
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