Wrights (Attleborough) Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04059021

Wrights (Attleborough) Ltd

Unaudited financial statements

30 April 2025

Wrights (Attleborough) Ltd

Statement of financial position

30 April 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		271,995		577,524

Current assets

Stocks		764,095	939,986
Debtors	6	18,468	5,447
Cash at bank and in hand		754,910	1,798
		-----------	---------
		1,537,473	947,231

Creditors: Amounts falling due within one year	7	( 105,896)		( 5,118)
		-----------		---------
Net current assets			1,431,577		942,113
			-----------		-----------
Total assets less current liabilities			1,703,572		1,519,637

Provisions

Taxation including deferred tax	( 20,836)	( 43,955)
	-----------	-----------
Net assets	1,682,736	1,475,682
	-----------	-----------

Capital and reserves

Called up share capital	1,000	1,000
Revaluation reserve	64,095	161,864
Profit and loss account	1,617,641	1,312,818
	-----------	-----------
Shareholder funds	1,682,736	1,475,682
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Wrights (Attleborough) Ltd

Statement of financial position (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 10 September 2025 , and are signed on behalf of the board by:

E J Wright

Director

Company registration number: 04059021

Wrights (Attleborough) Ltd

Notes to the financial statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor Suite, 2 Hillside Business Park, Bury St Edmunds, Suffolk, IP32 7EA. The company's trading address is High Oak Farm, Swamp Lane, Great Ellingham, Attleborough, NR17 1LH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	15% reducing balance

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Employee numbers

The average number of employees during the year was 2 (2024: 2 ).

5. Tangible assets

	Plant and machinery	Investment property	Total
	£	£	£
Cost or valuation
At 1 May 2024	82,600	525,000	607,600
Additions	2,454	–	2,454
Revaluations	–	( 119,506)	( 119,506)
Transfers	–	( 180,494)	( 180,494)
	-------	---------	---------
At 30 April 2025	85,054	225,000	310,054
	-------	---------	---------
Depreciation
At 1 May 2024	30,076	–	30,076
Charge for the year	7,983	–	7,983
	-------	---------	---------
At 30 April 2025	38,059	–	38,059
	-------	---------	---------
Carrying amount
At 30 April 2025	46,995	225,000	271,995
	-------	---------	---------
At 30 April 2024	52,524	525,000	577,524
	-------	---------	---------

The properties were revalued at 30 April 2025 by the directors at their open market value.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Investment property
	£
At 30 April 2025
Aggregate cost	151,818
Aggregate depreciation	–
	---------
Carrying value	151,818
	---------

At 30 April 2024
Aggregate cost	332,312
Aggregate depreciation	–
	---------
Carrying value	332,312
	---------

6. Debtors

	2025	2024
	£	£
Other debtors	18,468	5,447
	-------	------

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Social security and other taxes	104,096	3,528
Other creditors	1,800	1,590
	---------	------
	105,896	5,118
	---------	------

8. Directors' advances, credits and guarantees

Included within debtors at the year end is a directors loan account of £18,468 (2024: £1,326). The maximum overdrawn balance during the year was £120,119. Interest of £299 (2024: £227) was charged at the official rate.