The Wright Cut Ltd iXBRL

The Wright Cut Ltd

Abridged Unaudited Financial Statements

for the financial year ended 31 March 2025

The Wright Cut Ltd

DIRECTOR AND OTHER INFORMATION


Director	Mr Jay Wright


Company Registration Number	14722612


Registered Office	4 Grenville Avenue,
	BROXBOURNE
	Hertfordshire
	EN10 7DH
	United Kingdom


Accountants	Lincoln Brown & Co Limited
	Chartered Certified Accountants
	Grenville House
	4 Grenville Avenue
	Herts
	EN10 7DH
	United Kingdom

The Wright Cut Ltd

Company Registration Number: 14722612

ABRIDGED STATEMENT OF FINANCIAL POSITION

as at 31 March 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Property, plant and equipment

2,233

2,434

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Current Assets

Cash and cash equivalents

4,295

484

Creditors: amounts falling due within one year

(16,654)

(14,078)

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Net Current Liabilities

(12,359)

(13,594)

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Total Assets less Current Liabilities

(10,126)

(11,160)

═════════

Capital and Reserves

Called up share capital

100

100

Retained earnings

(10,226)

(11,260)

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Shareholders' Deficit

(10,126)

(11,160)

═════════

The financial statements have been prepared 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).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Income Statement and Director's Report.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 4 December 2025



________________________________
Mr Jay Wright
Director

The Wright Cut Ltd

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

General Information

The Wright Cut Ltd is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 14722612. The registered office of the company is 4 Grenville Avenue,, BROXBOURNE, Hertfordshire, EN10 7DH, United Kingdom. 96020 - Hairdressing and other beauty treatment The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Property, plant and equipment and depreciation

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. Cost comprises purchase price and other directly attributable costs. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

20% Reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including director, during the financial year was 0, (2024 - 0).


4.	Property, plant and equipment
		Plant and	Total
		machinery

		£	£
	Cost
	At 1 April 2024	3,042	3,042
	Additions	357	357
		─────────	─────────
	At 31 March 2025	3,399	3,399
		─────────	─────────
	Depreciation
	At 1 April 2024	608	608
	Charge for the financial year	558	558
		─────────	─────────
	At 31 March 2025	1,166	1,166
		─────────	─────────
	Net book value
	At 31 March 2025	2,233	2,233
		═════════	═════════
	At 31 March 2024	2,434	2,434
		═════════	═════════

Capital commitments

The company had no material capital commitments at the financial year-ended 31 March 2025.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the financial year-end.