THE WRIGHT GLAZING CO. LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S D Groombridge-Wright

Mrs E L Groombridge-Wright

REGISTERED OFFICE:

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

REGISTERED NUMBER:

05851933 (England and Wales)

ACCOUNTANTS:

Halsey & Co (Accountants) Ltd.

Chartered Certified Accountants

Registered Auditors

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

FIXED ASSETS

Tangible assets

4

47,411

48,679

Investment property

5

325,000

325,000

372,411

373,679

CURRENT ASSETS

Stocks

40,592

36,817

Debtors

6

219,054

136,724

Cash at bank and in hand

138,744

83,421

398,390

256,962

CREDITORS

Amounts falling due within one year

7

428,605

343,925

NET CURRENT LIABILITIES

(30,215

)

(86,963

)

TOTAL ASSETS LESS CURRENT LIABILITIES

342,196

286,716

CREDITORS

Amounts falling due after more than one year

8

(139,569

)

(138,611

)

PROVISIONS FOR LIABILITIES

(38,143

)

(41,938

)

NET ASSETS

164,484

106,167

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

163,484

105,167

SHAREHOLDERS' FUNDS

164,484

106,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 26th November 2025 and were signed on its behalf by:

S D Groombridge-Wright - Director

1.	STATUTORY INFORMATION

The Wright Glazing Co. Limited 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 as modified by the revaluation of certain assets.

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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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 11 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st July 2024

27,560

101,882

4,033

133,475

Additions

6,850

7,495

191

14,536

At 30th June 2025

34,410

109,377

4,224

148,011

DEPRECIATION

At 1st July 2024

16,955

65,798

2,043

84,796

Charge for year

4,364

10,895

545

15,804

At 30th June 2025

21,319

76,693

2,588

100,600

NET BOOK VALUE

At 30th June 2025

13,091

32,684

1,636

47,411

At 30th June 2024

10,605

36,084

1,990

48,679

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st July 2024

and 30th June 2025

325,000

NET BOOK VALUE

At 30th June 2025

325,000

At 30th June 2024

325,000

Fair value at 30th June 2025 is represented by:

£

Valuation in 2022

105,159

Cost

219,841

325,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

113,395

113,841

Amounts owed by group undertakings

117

117

Other debtors

105,542

22,766

219,054

136,724

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Hire purchase contracts

4,821

14,465

Trade creditors

22,654

74,408

Taxation and social security

159,863

104,915

Other creditors

241,267

150,137

428,605

343,925

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans

136,238

136,288

Hire purchase contracts

3,331

2,323

139,569

138,611

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

136,238

136,288

9.	RELATED PARTY DISCLOSURES

At 30th June 2025 the director S Groombridge-Wright owed the company £69,940. (2024: the company owed the director £145.)

The company was owed £117 (2024: £117) by Wright Glazing Investments Ltd, a company under common control.