Registration number: 04470718

H C Wright Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 9

H C Wright Limited

Company Information

Director

Mr J B Wright

Registered office

Millfield Barn Mansgate Hill Nettleton Market Rasen Lincolnshire LN7 6NT

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
H C Wright Limited
for the Year Ended 29 July 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of H C Wright Limited for the year ended 29 July 2025 as set out on pages 3 to 9 from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of H C Wright Limited, as a body, in accordance with the terms of our engagement letter dated 22 April 2025. Our work has been undertaken solely to prepare for your approval the accounts of H C Wright Limited and state those matters that we have agreed to state to the Board of Directors of H C Wright Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than H C Wright Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that H C Wright Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of H C Wright Limited. You consider that H C Wright Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of H C Wright Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Forrester Boyd Chartered Accountants
66-68 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PG

8 April 2026

H C Wright Limited

(Registration number: 04470718)
Balance Sheet as at 29 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	521,486	634,355
Current assets
Debtors	6	196,848	235,670
Cash at bank and in hand		8,632	5,404
		205,480	241,074
Creditors: Amounts falling due within one year	7	(375,166)	(812,058)
Net current liabilities		(169,686)	(570,984)
Total assets less current liabilities		351,800	63,371
Creditors: Amounts falling due after more than one year	7	(618,104)	(271,346)
Net liabilities		(266,304)	(207,975)
Capital and reserves
Called up share capital		1,000	1,000
Revaluation reserve		7,059	7,059
Retained earnings		(274,363)	(216,034)
Shareholders' deficit		(266,304)	(207,975)

For the financial year ending 29 July 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 April 2026
 

......................................... Mr J B Wright Director

H C Wright Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 July 2025

1	General information

The Company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Millfield Barn
Mansgate Hill
Nettleton
Market Rasen
Lincolnshire
LN7 6NT

These financial statements were authorised for issue by the director on 8 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

The financial statements cover the individual entity, H C Wright Limited.

Going concern

The directors have considered the company’s financial position, including its net liabilities at the year end. Despite this, the directors have forecasted that the company will be able to meet its liabilities as they fall due for at least 12 months from the date of approval of these financial statements

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

H C Wright Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 July 2025

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures & fittings	20% on reducing balance
Plant & Machinery	10% and 12.5% on straightline
Vehicles	20% on reducing balance
Freehold property	10% on straightline

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

H C Wright Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 July 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 7 (2024 - 9).

H C Wright Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 July 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 30 July 2024	100,000	100,000
At 29 July 2025	100,000	100,000
Amortisation
At 30 July 2024	100,000	100,000
At 29 July 2025	100,000	100,000
Carrying amount
At 29 July 2025	-	-

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 30 July 2024	49,537	940,114	25,000	1,014,651
Disposals	-	(599)	-	(599)
At 29 July 2025	49,537	939,515	25,000	1,014,052
Depreciation
At 30 July 2024	12,385	353,364	14,547	380,296
Charge for the year	4,955	105,822	2,091	112,868
Eliminated on disposal	-	(598)	-	(598)
At 29 July 2025	17,340	458,588	16,638	492,566
Carrying amount
At 29 July 2025	32,197	480,927	8,362	521,486
At 29 July 2024	37,152	586,750	10,453	634,355

Included within the net book value of land and buildings above is £32,197 (2024 - £37,152) in respect of freehold land and buildings.
 

H C Wright Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 July 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	183,933	227,502
Other debtors	12,915	8,168
	196,848	235,670

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Bank loans	-	17,230
HP and finance leases	114,566	139,911
Trade creditors	80,446	75,193
Taxation and social security	16,080	179,548
Accruals and deferred income	3,600	3,000
Other creditors	160,474	397,176
	375,166	812,058

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Other financial liabilities	503,245	-
Bank loans	-	39,281
HP and finance lease liabilities	114,859	232,065
	618,104	271,346

Creditors include hire obligations and debt factoring totalling £346,043 (2024 £588,002), the debt factoring has been secured against the trade receivables, and the hire purchase liabilities have been secured against the assets purchased under the agreements.

H C Wright Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 July 2025

8	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	-	34,944
Later than one year and not later than five years	-	8,736
	-	43,680

17. Creditors Voluntary Agreement

On the 31 March 2025 the company entered into a Company Voluntary Arrangement with its creditors. The arrangement provides for the settlement of liabilities totalling £535,245, with an agreed amount of £120,000 to be repaid over a 5 year period. The directors have prepared the financial statements on a going concern basis, taking into account the successful implementation of the CVA.