REGISTERED NUMBER: 00705212 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Wright Signs & Coachworks Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S M Sommerville

Mr S J Sommerville

Mr M S Sommerville

SECRETARY:

Mrs S M Sommerville

REGISTERED OFFICE:

Travellers Lane

Welham Green

Hatfield

Hertfordshire

AL9 7HF

REGISTERED NUMBER:

00705212 (England and Wales)

ACCOUNTANTS:

Whitemead Accountants Limited

3 Whiteley

Windsor

Berks

SL4 5PJ

FIXED ASSETS

Tangible assets

4

66,626

72,335

CURRENT ASSETS

Stocks

180,492

198,085

Debtors

5

428,556

389,079

Cash at bank

255,412

330,074

864,460

917,238

CREDITORS

Amounts falling due within one year

6

321,516

437,832

NET CURRENT ASSETS

542,944

479,406

TOTAL ASSETS LESS CURRENT LIABILITIES

609,570

551,741

CREDITORS

Amounts falling due after more than one year

7

(2,650

)

(7,523

)

PROVISIONS FOR LIABILITIES

(15,148

)

(15,994

)

NET ASSETS

591,772

528,224

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

590,772

527,224

SHAREHOLDERS' FUNDS

591,772

528,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

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 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 9 September 2025 and were signed on its behalf by:

Mr M S Sommerville - Director

1.	STATUTORY INFORMATION

Wright Signs & Coachworks 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.

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.

Turnover

Turnover represents net invoiced sales of goods and services, excluding VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

10% on reducing balance

Plant and machinery etc

-

25% on reducing balance and at variable rates on reducing balance

Stocks

Stock is stated at the lower of cost and net realisable value.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

80,518

192,136

272,654

DEPRECIATION

At 1 April 2024

73,816

126,503

200,319

Charge for year

670

5,039

5,709

At 31 March 2025

74,486

131,542

206,028

NET BOOK VALUE

At 31 March 2025

6,032

60,594

66,626

At 31 March 2024

6,702

65,633

72,335

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

322,998

355,909

Other debtors

105,558

33,170

428,556

389,079

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

5,266

5,394

Hire purchase contracts

-

2,213

Trade creditors

42,429

143,370

Taxation and social security

92,955

78,403

Other creditors

180,866

208,452

321,516

437,832

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

2,650

7,523

8.	RELATED PARTY DISCLOSURES

During the year the company paid rent of £60,000 (2024 £62,500) to the directors in respect of the rental of land and buildings.

As at 31 March 2025 other debtors includes an associated company loan of £44,164 to All Van Sales Limited.