REGISTERED NUMBER: 08657378 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ME WRIGHT HOLDINGS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M T J Wright

E A Wright

REGISTERED OFFICE:

5 Everdon Park

Heartlands Industrial Park

Daventry

Northamptonshire

NN11 8YJ

REGISTERED NUMBER:

08657378 (England and Wales)

ACCOUNTANTS:

Shaw Gibbs Limited

Eagle House

28 Billing Road

Northampton

NN1 5AJ

FIXED ASSETS

Tangible assets

4

330,156

340,256

Investments

5

460,000

460,000

790,156

800,256

CURRENT ASSETS

Debtors

6

696

-

Investments

7

-

60,000

Cash at bank

566,152

401,436

566,848

461,436

CREDITORS

Amounts falling due within one year

8

126,150

65,732

NET CURRENT ASSETS

440,698

395,704

TOTAL ASSETS LESS CURRENT LIABILITIES

1,230,854

1,195,960

CREDITORS

Amounts falling due after more than one year

9

(148,917

)

(171,752

)

PROVISIONS FOR LIABILITIES

(3,316

)

(4,455

)

NET ASSETS

1,078,621

1,019,753

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

1,078,521

1,019,653

SHAREHOLDERS' FUNDS

1,078,621

1,019,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

A M Wright - Director

1.	STATUTORY INFORMATION

ME Wright Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

2% on cost

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items of property, plant and equipment.

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

and 31 December 2024

326,282

62,583

195

DEPRECIATION

At 1 January 2024

5,286

43,774

180

Charge for year

5,285

4,702

4

At 31 December 2024

10,571

48,476

184

NET BOOK VALUE

At 31 December 2024

315,711

14,107

11

At 31 December 2023

320,996

18,809

15

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

1

5,891

394,952

DEPRECIATION

At 1 January 2024

1

5,455

54,696

Charge for year

-

109

10,100

At 31 December 2024

1

5,564

64,796

NET BOOK VALUE

At 31 December 2024

-

327

330,156

At 31 December 2023

-

436

340,256

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

460,000

NET BOOK VALUE

At 31 December 2024

460,000

At 31 December 2023

460,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

696

-

7.	CURRENT ASSET INVESTMENTS

2024

2023

£

£

Short term deposits

-

60,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

12,724

12,724

Trade creditors

2,400

-

Amounts owed to group undertakings

98,611

43,611

Tax

8,658

5,974

VAT

1,651

1,399

Directors' current accounts

451

451

Accruals and deferred income

1,655

1,573

126,150

65,732

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

13,224

13,224

Bank loans - 2-5 years

78,895

78,895

Bank loans more than 5 years

56,798

79,633

148,917

171,752

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

56,798

79,633

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

161,641

184,476

National Westminster Bank hold a mortgage over the property at Unit 2 Everdon Park, Heartlands Business Park, NN11 5YJ. Repayments commenced May 2023.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1.00

100

100