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Company Registration No. 07267670 (England and Wales)
Eright Limited Unaudited Financial Statements for the year ended 31 May 2025
Eright Limited Unaudited Financial Statements Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Eright Limited Company Information for the year ended 31 May 2025
Directors
A J Meade S Wright G E Morris
Company Number
07267670 (England and Wales)
Registered Office
Eright Centre Carlton Forest, Red Lane Worksop Nottinghamshire S81 8BP United Kingdom
- 3 -
Eright Limited Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
53,206
39,978
Current assets
Inventories
2,721
8,285
Debtors
5
170,201
137,156
Cash at bank and in hand
74,578
60,741
247,500
206,182
Creditors: amounts falling due within one year
6
(160,693)
(124,997)
Net current assets
86,807
81,185
Total assets less current liabilities
140,013
121,163
Creditors: amounts falling due after more than one year
7
(21,462)
(12,458)
Provisions for liabilities
Deferred tax
(12,817)
(9,715)
Net assets
105,734
98,990
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
105,634
98,890
Shareholders' funds
105,734
98,990
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 24 February 2026 and were signed on its behalf by
A J Meade Director Company Registration No. 07267670
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Eright Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Eright Limited is a private company, limited by shares, registered in England and Wales, registration number 07267670. The registered office is Eright Centre, Carlton Forest, Red Lane, Worksop, Nottinghamshire, S81 8BP, United Kingdom.
2
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.
3
Accounting policies
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.
Basis of preparation
These financial statements have been prepared under the historical cost convention in accordance with the 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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Inventories
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.
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 to equity. The current income tax charged is calculated on the basis of the tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax
Deferred tax shall be recognised in respect of all timing differences at the reporting date, except as otherwise required by FRS102. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that 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 income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date. Unrelieved tax losses and other deferred tax assets shall be 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.
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Eright Limited Notes to the Accounts for the year ended 31 May 2025
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
Foreign exchange
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.
Tangible 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
Pension costs
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.
Leased assets
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.
Government grants
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.
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Eright Limited Notes to the Accounts for the year ended 31 May 2025
4
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
3,334
49,595
10,431
28,006
91,366
Additions
-
28,199
406
8,273
36,878
At 31 May 2025
3,334
77,794
10,837
36,279
128,244
Depreciation
At 1 June 2024
804
27,637
5,655
17,292
51,388
Charge for the year
667
13,624
1,653
7,706
23,650
At 31 May 2025
1,471
41,261
7,308
24,998
75,038
Net book value
At 31 May 2025
1,863
36,533
3,529
11,281
53,206
At 31 May 2024
2,530
21,958
4,776
10,714
39,978
2025
2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
36,533
21,958
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
167,004
135,334
Other debtors
3,197
1,822
170,201
137,156
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
50,924
36,505
Taxes and social security
61,034
64,495
Other creditors
48,735
23,997
160,693
124,997
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
21,462
12,458
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
- 7 -
Eright Limited Notes to the Accounts for the year ended 31 May 2025
9
Average number of employees
During the year the average number of employees was 8 (2024: 6).
- 8 -