WRIGHTS FLOORING (YORKSHIRE) LTD

Unaudited Financial Statements
for the period ended 31 March 2026

Company registration number 16290017

(England and Wales)

Statement of Financial Position

As at 31 March 2026

Notes

2026

Fixed assets

Tangible assets

79,809

Current assets

Stocks

13,701

Debtors

6,174

Cash at bank and in hand

97,436

117,311

Creditors

Amounts falling due within one year

(138,610)

Net current assets (liabilities)

(21,299)

Total assets less current liabilities

58,510

Creditors

Amounts falling due after one year

(337)

Provisions for liabilities

(19,952)

Net assets (liabilities)

38,221

Capital and reserves

Called up share capital

Profit and loss account

38,211

Total equity

38,221

The company is a private company limited by shares and registered in England and Wales. It 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 financial statements.

The financial statements have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company's profit and loss account under section 444 (5A) of the Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 3 June 2026 and are signed on its behalf by:

Wright, Jack

Director

Company registration number 16290017

Notes to the Financial Statements

For the period 4 March 2025 to 31 March 2026

1. Statutory information

The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling and this is the functional currency of the company.

2. Accounting policies

2.1. Basis of preparation

The financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

The financial statements have been prepared under the historical cost convention in accordance with the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Pensions

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

2.4. Deferred tax

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, in particular accelerated capital allowances and revaluation gains on investment properties. All deferred tax is charged/(credited) to the Income Statement.

2.5. Tangible fixed assets and depreciation

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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.

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:

Rate

Method

Motor vehicles

Reducing balance

Fixtures and fittings

Reducing balance

2.6. 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.

2.7. Stocks and work in progress

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

2.8. Financial Instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement.

3. Employees

The average number of employees during the year was 7.

4. Tangible fixed assets

Motor vehicles

Fixtures and fittings

Total

Cost

Additions

82,745

1,721

84,466

At 31 March 2026

82,745

1,721

84,466

Depreciation and impairment

Charge for the period

4,476

181

4,657

At 31 March 2026

4,476

181

4,657

Net book value

At 31 March 2026

78,269

1,540

79,809

5. Debtors

2026

Trade debtors

5,706

Other debtors

178

Prepayments and accrued income

290

Total due within one year

6,174

Total due after one year

Total

6,174

6. Creditors due within one year

2026

Bank loans and overdrafts

733

Trade creditors

8,955

Other creditors

2,314

Directors loan account

92,729

Taxation and social security

33,879

Total

138,610

7. Creditors due after one year

2026

Bank loans and overdrafts

337

Total

337

Registered office	The Four Columns Broughton Hall Business Park
	Broughton
	Skipton
	BD23 3AE

Accountant	H & M Ltd
	The Four Columns
	Broughton Hall Business Park
	Skipton
	BD23 3AE

Directors	De Meulder, Gitana Marietta
	Wright, Jack
	Wright, Garry