Wright Engineering (Rainham) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 00955343

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		3,820		3,820
Tangible Assets	5		7,294		20,248

			11,114		24,068
CURRENT ASSETS
Stocks	6	4,950		5,825
Debtors	7	(5,210 )		2,336
Cash at bank and in hand		2,551		1,354

		2,291		9,515
Creditors: Amounts Falling Due Within One Year	8	(35,996 )		(55,503 )

NET CURRENT ASSETS (LIABILITIES)			(33,705 )		(45,988 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(22,591 )		(21,920 )

NET LIABILITIES			(22,591 )		(21,920 )

CAPITAL AND RESERVES
Called up share capital	9		1,000		1,000
Profit and Loss Account			(23,591 )		(22,920 )

SHAREHOLDERS' FUNDS			(22,591)		(21,920)

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Wright Engineering (Rainham) Limited

Balance Sheet (continued)

As At 30 April 2025

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Richard De Smedt

Director

07/08/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Wright Engineering (Rainham) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00955343 . The registered office is Unit 3 Deans Industrial Estate, Lambs Lane North, Rainham, Essex, RM13 9XL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

As at the balance sheet date the Company had a net deficiency of assets. The Director (major creditor) is continuing to support the Company into the forseeable future with the intention to make a profit. The financial statements have therefore been prepared on the going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	5% reducing balance

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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Wright Engineering (Rainham) Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 May 2024	3,820

As at 30 April 2025	3,820

Net Book Value
As at 30 April 2025	3,820

As at 1 May 2024	3,820

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 May 2024	70,357	30,220	9,495	110,072
Disposals	-	(30,220 )	-	(30,220 )

As at 30 April 2025	70,357	-	9,495	79,852

Depreciation
As at 1 May 2024	63,686	18,000	8,138	89,824
Provided during the period	667	-	67	734
Disposals	-	(18,000 )	-	(18,000 )

As at 30 April 2025	64,353	-	8,205	72,558

Net Book Value
As at 30 April 2025	6,004	-	1,290	7,294

As at 1 May 2024	6,671	12,220	1,357	20,248

6. Stocks

	2025	2024
	£	£
Finished goods	4,950	5,825

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	2,164
Other debtors	(5,210)	172

	(5,210 )	2,336

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Wright Engineering (Rainham) Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	(1,364 )	(1,224 )
Other creditors	37,360	55,123
Taxation and social security	-	1,604

	35,996	55,503

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

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