Company Registration No. 13352313 (England and Wales)
Wright Renewable Heating Limited
Unaudited accounts
for the year ended 31 May 2025
Wright Renewable Heating Limited
Unaudited accounts
Contents
Wright Renewable Heating Limited
Company Information
for the year ended 31 May 2025
Directors
S Wright
C J Boden-Hook
L Rolfe
Company Number
13352313 (England and Wales)
Registered Office
Carlton Forest, Red Lane
Off Blyth Road
Worksop
Nottinghamshire
S81 8BP
United Kingdom
Wright Renewable Heating Limited
Statement of financial position
as at 31 May 2025
Tangible assets
111,809
89,762
Cash at bank and in hand
57,085
103,247
Creditors: amounts falling due within one year
(656,545)
(533,045)
Net current assets
64,704
127,253
Total assets less current liabilities
176,513
217,015
Creditors: amounts falling due after more than one year
(140,184)
(23,908)
Provisions for liabilities
Deferred tax
(27,953)
(22,441)
Called up share capital
200
200
Profit and loss account
8,176
170,466
Shareholders' funds
8,376
170,666
For the year ending 31 May 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2025 and were signed on its behalf by
L Rolfe
Director
Company Registration No. 13352313
Wright Renewable Heating Limited
Notes to the Accounts
for the year ended 31 May 2025
Wright Renewable Heating Limited is a private company, limited by shares, registered in England and Wales, registration number 13352313. The registered office is Carlton Forest, Red Lane, Off Blyth Road, Worksop, Nottinghamshire, S81 8BP, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
25% straight line
Fixtures & fittings
20% straight line
Computer equipment
33% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Wright Renewable Heating Limited
Notes to the Accounts
for the year ended 31 May 2025
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual accounts.
The company receives financial support from Wright Brothers Industrial Services Limited, a company with a shareholder in common. Following a review at year end, the support has been set to a maximum amount of £200,000 (2024 - £100,000) for a period of 12 months from the date of these financial statements. This support will be reviewed at that time.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2024
29,443
23,342
27,321
35,454
115,560
Additions
703
53,607
124
6,213
60,647
At 31 May 2025
30,146
76,949
27,445
41,667
176,207
At 1 June 2024
3,609
2,506
3,956
15,727
25,798
Charge for the year
5,961
15,887
5,562
11,190
38,600
At 31 May 2025
9,570
18,393
9,518
26,917
64,398
At 31 May 2025
20,576
58,556
17,927
14,750
111,809
At 31 May 2024
25,834
20,836
23,365
19,727
89,762
Wright Renewable Heating Limited
Notes to the Accounts
for the year ended 31 May 2025
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
5,580
7,004
- Motor vehicles
54,490
14,683
Amounts falling due within one year
Trade debtors
373,308
270,034
Accrued income and prepayments
120,843
152,705
Other debtors
91,629
47,175
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Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
19,037
6,324
Trade creditors
334,635
281,188
Taxes and social security
67,910
127,358
Other creditors
46,774
70,318
Deferred income
188,189
47,857
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Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
35,572
12,471
Other creditors
104,612
11,437
Obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
9
Operating lease commitments
2025
2024
At 31 May 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
8,400
8,400
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Average number of employees
During the year the average number of employees was 33 (2024: 29).