REGISTERED NUMBER: 11921575 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Wrightspace Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S J Wright

S Wright

REGISTERED OFFICE:

Unit 2 Williams Brothers Industrial Park

Pingwood Lane

Kirkby

Liverpool

Merseyside

L33 4XZ

REGISTERED NUMBER:

11921575 (England and Wales)

ACCOUNTANTS:

Harding & Humphries

5 Victoria Buildings

Victoria Road

Freshfield

Liverpool

Merseyside

L37 7DB

FIXED ASSETS

Tangible assets

4

188,658

14,838

CURRENT ASSETS

Stocks

5

452,607

306,598

Debtors

6

36,609

8,483

Cash at bank

17,260

30,047

506,476

345,128

CREDITORS

Amounts falling due within one year

7

627,069

292,946

NET CURRENT (LIABILITIES)/ASSETS

(120,593

)

52,182

TOTAL ASSETS LESS CURRENT LIABILITIES

68,065

67,020

CREDITORS

Amounts falling due after more than one year

8

(25,828

)

(31,808

)

PROVISIONS FOR LIABILITIES

9

(566

)

-

NET ASSETS

41,671

35,212

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

41,670

35,211

SHAREHOLDERS' FUNDS

41,671

35,212

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 11 December 2025 and were signed on its behalf by:

S Wright - Director

1.	STATUTORY INFORMATION

Wrightspace 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.

Tangible fixed assets

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

Buildings

-

10% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 7 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Buildings

Land

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

21,200

-

2,039

5,900

29,139

Additions

-

172,229

-

6,000

178,229

At 31 March 2025

21,200

172,229

2,039

11,900

207,368

DEPRECIATION

At 1 April 2024

9,520

-

1,370

3,411

14,301

Charge for year

2,120

-

167

2,122

4,409

At 31 March 2025

11,640

-

1,537

5,533

18,710

NET BOOK VALUE

At 31 March 2025

9,560

172,229

502

6,367

188,658

At 31 March 2024

11,680

-

669

2,489

14,838

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

249,386

179,861

Work-in-progress

203,221

126,737

452,607

306,598

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

35,609

1,327

Other debtors

1,000

7,156

36,609

8,483

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

193,334

6,055

Trade creditors

245,091

123,179

Taxation and social security

180,484

143,010

Other creditors

8,160

20,702

627,069

292,946

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

25,828

31,808

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,115

8,295

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

566

-

Deferred

tax

£

Provided during year

566

Balance at 31 March 2025

566

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

Ordinary

£1

1

1