REGISTERED NUMBER: 00690229 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Laurence Wright & Sons Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mr J L Wright

Mr G L Wright

Secretary:

Mr J L Wright

Registered office:

Grove Farm

Kessingland

Lowestoft

Suffolk

NR33 7TF

Registered number:

00690229 (England and Wales)

Accountants:

Stephenson Smart (East Anglia) Limited

Chartered Accountants

22-26 King Street

King's Lynn

Norfolk

PE30 1HJ

Fixed assets

Tangible assets

5

157,657

158,007

Current assets

Stocks

500

500

Debtors

6

1,895

1,800

Cash at bank

2,499,418

2,496,712

2,501,813

2,499,012

Creditors

Amounts falling due within one year

7

(11,252

)

(11,642

)

Net current assets

2,490,561

2,487,370

Total assets less current liabilities

2,648,218

2,645,377

Provisions for liabilities

6,274

9,405

Net assets

2,654,492

2,654,782

Capital and reserves

Called up share capital

5,000

5,000

Retained earnings

2,649,492

2,649,782

2,654,492

2,654,782

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2025 and were signed on its behalf by:

Mr J L Wright - Director

1.	Statutory information

Laurence Wright & Sons 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.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

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

-

1% on cost

Plant and machinery

-

10% p.a. reducing balance

Fixtures and fittings

-

10% p.a. reducing balance

Motor vehicles

-

25% p.a. reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company classifies its financial instruments in the following categories: measured at amortised cost; and measured at fair value through profit and loss. The classification is determined at initial recognition and depends on the purpose for which the financial instruments are required.

Measured at amortised cost includes non-derivative financial assets and liabilities with fixed or determinable payments that are not quoted in an active market. Financial assets are included in current assets, except where the maturity date is more than 12 months after the end of the reporting period. They are initially recorded at fair value and subsequently recorded at amortised cost. Financial liabilities are included in current liabilities, except where the maturity date is more than 12 months after the end of the reporting period. They are initially measured at original cost, less amortisation or provisions raised.

Measured at fair value through profit and loss includes financial assets and liabilities. They are classified according to maturity date, within current and non-current assets and liabilities respectively.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

4.	Employees and directors

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

5.	Tangible fixed assets

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

Cost

At 1 April 2024

76,097

206,658

2,718

54,845

340,318

Additions

-

2,564

-

30,183

32,747

Disposals

-

-

-

(32,168

)

(32,168

)

At 31 March 2025

76,097

209,222

2,718

52,860

340,897

Depreciation

At 1 April 2024

3,088

148,955

2,085

28,183

182,311

Charge for year

761

5,877

64

929

7,631

Eliminated on disposal

-

-

-

(6,702

)

(6,702

)

At 31 March 2025

3,849

154,832

2,149

22,410

183,240

Net book value

At 31 March 2025

72,248

54,390

569

30,450

157,657

At 31 March 2024

73,009

57,703

633

26,662

158,007

6.

Debtors: amounts falling due within one year

31.3.25

31.3.24

£

£

Other debtors

1,895

1,800

7.

Creditors: amounts falling due within one year

31.3.25

31.3.24

£

£

Taxation and social security

3,653

4,282

Other creditors

7,599

7,360

11,252

11,642