Roy Wright & Company Limited - Filleted accounts

Registered number

03983995

Roy Wright & Company Limited

Filleted Accounts

31 December 2024

Roy Wright & Company Limited
Registered number:		03983995
Balance Sheet
as at 31 December 2024

Notes			2024		2023

Fixed assets
Tangible assets	3		70,714		83,352

Current assets
Stocks		71,855		55,366
Debtors	4	234,707		237,798
Cash at bank and in hand		256,699		295,465
		563,261		588,629

Creditors: amounts falling due within one year	5	(226,192)		(264,889)

Net current assets			337,069		323,740

Total assets less current liabilities			407,783		407,092

Creditors: amounts falling due after more than one year	6		(39,598)		(70,672)

Provisions for liabilities			(16,525)		(19,604)


Net assets			351,660		316,816

Capital and reserves
Called up share capital			100		100
Profit and loss account			351,560		316,716

Shareholders' funds			351,660		316,816

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




D Wright
Director
Approved by the board on 15 September 2025

Roy Wright & Company Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	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).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery and motor vehicles			25% reducing balance basis
	Computer equipment			25% straight line basis

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					12		12


3	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total

	Cost
	At 1 January 2024			5,884		191,280		197,164
	Additions			-		14,533		14,533
	Disposals			-		(17,095)		(17,095)
	At 31 December 2024			5,884		188,718		194,602

	Depreciation
	At 1 January 2024			3,641		110,171		113,812
	Charge for the year			1,101		23,193		24,294
	On disposals			-		(14,218)		(14,218)
	At 31 December 2024			4,742		119,146		123,888

	Net book value
	At 31 December 2024			1,142		69,572		70,714
	At 31 December 2023			2,243		81,109		83,352


4	Debtors					2024		2023


	Trade debtors					221,462		204,965
	Other debtors					13,245		32,833
						234,707		237,798


5	Creditors: amounts falling due within one year					2024		2023


	Bank loans and overdrafts					10,000		10,000
	Obligations under finance lease and hire purchase contracts					21,074		24,714
	Trade creditors					101,644		114,438
	Taxation and social security costs					65,409		79,668
	Other creditors					28,065		36,069
						226,192		264,889


6	Creditors: amounts falling due after one year					2024		2023


	Bank loans					12,500		22,500
	Obligations under finance lease and hire purchase contracts					27,098		48,172
						39,598		70,672


7	Loans					2024		2023

	Creditors include:

	Secured bank loans and hire purchase creditors					70,672		105,385

	The hire purchase creditors are secured on specific assets owned by the company.
	The loan is a Covid Bounce Back Loan and is secured by a guarantee from HM Government.


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd

	Mrs D Wright
	Directors current account	-		10,864		-		10,864

		-		10,864		-		10,864

	Mrs D Wright has repaid £5,688 of the loan subsequent to the year end.

9	Related party transactions

	During the year, the company entered into transactions with companies connected by common control. These transactions were made on an arm's length basis at market value. At the year end there was £25,318 (2023 - £16,972 owed from) owed to these companies.

10	Controlling party

	D Wright, who owns 81% of the issued share capital of the company, is the controlling party.


11	Other information

	Roy Wright & Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Archway House
	Langdale Road
	Barnsley
	South Yorkshire
	S71 1AQ