REGISTERED NUMBER: 08374061 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

WIRED-RIGHT ELECTRICAL LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M J Dent

REGISTERED OFFICE:

10 Beech Court

Hurst

Berkshire

RG10 0RQ

REGISTERED NUMBER:

08374061 (England and Wales)

ACCOUNTANTS:

Vernon Gosling Friday Limited

10 Beech Court

Wokingham Road

Hurst

Reading

Berkshire

RG10 0RQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

22,699

28,067

22,699

28,067

CURRENT ASSETS

Debtors

6

29,399

39,572

Cash at bank and in hand

11,302

9,335

40,701

48,907

CREDITORS

Amounts falling due within one year

7

47,754

52,523

NET CURRENT LIABILITIES

(7,053

)

(3,616

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,646

24,451

CREDITORS

Amounts falling due after more than one year

8

14,830

23,618

NET ASSETS

816

833

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

814

831

SHAREHOLDERS' FUNDS

816

833

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 31 October 2025 and were signed by:

M J Dent - Director

1.	STATUTORY INFORMATION

Wired-Right Electrical Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 25% on cost

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 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

1,700

AMORTISATION

At 1 February 2024

and 31 January 2025

1,700

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

46,245

Additions

509

At 31 January 2025

46,754

DEPRECIATION

At 1 February 2024

18,178

Charge for year

5,877

At 31 January 2025

24,055

NET BOOK VALUE

At 31 January 2025

22,699

At 31 January 2024

28,067

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,622

6,147

Other debtors

25,777

33,425

29,399

39,572

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,000

6,000

Hire purchase contracts

4,527

6,266

Trade creditors

17,953

15,245

Taxation and social security

12,126

22,863

Other creditors

7,148

2,149

47,754

52,523

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,511

9,511

Hire purchase contracts

11,319

14,107

14,830

23,618