Thomas Wright and Sons (Builders) Limited 31/12/2025 iXBRL

Company registration number: 00322611

Thomas Wright and Sons (Builders) Limited

Unaudited filleted financial statements

For the year ended

31 December 2025

Thomas Wright and Sons (Builders) Limited

Contents

Statement of financial position

Notes to the financial statements

Thomas Wright and Sons (Builders) Limited

Statement of financial position

31 December 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	2	434,339		441,345
		________		________
			434,339		441,345

Current assets
Stocks		31,366		31,366
Debtors	3	4,075		4,235
Cash at bank and in hand		303,975		303,273
		________		________
		339,416		338,874
Creditors: amounts falling due
within one year	4	( 8,483)		( 10,706)
		________		________
Net current assets			330,933		328,168
			________		________
Total assets less current liabilities			765,272		769,513


Provisions for liabilities
Deferred taxation			( 18,349)		( 18,497)

			________		________
Net assets			746,923		751,016
			________		________

Capital and reserves
Called up share capital			1,000		1,000
Fair value reserve	5		51,686		51,686
Profit and loss account	5		694,237		698,330
			________		________
Shareholders funds			746,923		751,016
			________		________

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 08 May 2026 , and are signed on behalf of the board by:

Mr B C Wright

Director

Company registration number: 00322611

Thomas Wright and Sons (Builders) Limited

Notes to the financial statements

Year ended 31 December 2025

1. Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention (as modified by the revaluation of freehold properties and to include investment properties and retain financial instruments at fair valued in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS 102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property (buildings only)	-	2 %	straight line
Plant and machinery	-	10 %	straight line
Fittings fixtures and equipment	-	10 %	straight line
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and net realisable value.

Provisions

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.Tax deferred or accelerated is accounted for in respect of all material timing differences.

Company information

The company is registered in England and its registered number is 00322611 . The company is a private company limited by shares. Its registered office is Causeway Cottage, Lady Hall, Millom, LA18 5HR.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for fixed asset investments which are measured at fair value, with changes recognised in the fair value reserve.

2. Tangible assets

	Freehold property	Fixtures, fittings and equipment	Motor vehicles	Investment properties	Total
	£	£	£	£	£
Cost
At 1 January 2025	395,768	13,989	18,763	69,000	497,520
Additions	-	833	-	-	833
Disposals	-	( 830)	-	-	( 830)
	________	________	________	________	________
At 31 December 2025	395,768	13,992	18,763	69,000	497,523
	________	________	________	________	________
Depreciation
At 1 January 2025	30,200	8,268	17,707	-	56,175
Charge for the year	6,415	995	264	-	7,674
Disposals	-	( 665)	-	-	( 665)
	________	________	________	________	________
At 31 December 2025	36,615	8,598	17,971	-	63,184
	________	________	________	________	________
Carrying amount
At 31 December 2025	359,153	5,394	792	69,000	434,339
	________	________	________	________	________
At 31 December 2024	365,568	5,721	1,056	69,000	441,345
	________	________	________	________	________

Tangible assets held at valuation

Investment property comprises of garage units held for rent. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 December 2023 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

3. Debtors

	2025	2024
	£	£
Trade debtors	-	250
Other debtors	4,075	3,985
	________	________
	4,075	4,235
	________	________

4. Creditors: amounts falling due within one year

	2025	2024
	£	£
Taxation and social security	1,269	1,192
Directors loan accounts	828	584
Other creditors	6,386	8,930
	________	________
	8,483	10,706
	________	________

5. Reserves

The fair value reserve holds the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. The balance on the fair value reserve may not be distributed legally under section 831(4) of the Companies Act 2006.

6. Related party transactions

Within other creditors, is an amount owed by Thomas Wright (Holdings) Limited, a company in which Mr B C Wright , Mrs F M Wright, Miss H C Wright and Dr S M Lloyd-Williams are also directors. The balance owed at the year end, 31 December 2025, was £3,920.

7. Controlling party

Thomas Wright Builders (Holdings) Limited is the company's parent undertaking by virtue of its 100% shareholding in the company. The registered office of Thomas Wright Builders (Holdings) Limited is Causeway Cottage, Lady Hall, Millom, LA18 5HR.