| The Wright Tile, Stone & Bathroom Centre Ltd |
|
|
|
|
| |
| Balance Sheet |
|
|
|
|
|
|
|
| for the Period Ended 31 March 2026 |
|
|
|
|
|
| |
| |
| |
| These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. |
| The option not to file the profit and loss account has been taken. |
|
|
| |
| For the year ending 31 March 2026 the company was entitled to exemption 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 members have agreed to the preparation of abridged accounts. |
| The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
| |
| The financial statements were approved by the Board of Directors on |
2026-10-14 |
|
| |
| SIGNED ON BEHALF OF THE BOARD BY |
|
|
|
|
|
| |
| |
| |
| |
| |
| |
| |
| Name |
Peter Andrew Wright |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| The notes form part of these financial statements |
|
|
|
|
| Average number of employees during period |
5 |
|
|
|
| |
| |
| |
| |
| |
| |
| |
|
|
|
|
|
|
|
Page 5 |
|
| The Wright Tile, Stone & Bathroom Centre Ltd |
|
|
|
|
| Notes to the Financial Statements |
|
|
|
|
|
| for the Period Ended 31 March 2026 |
|
|
|
|
|
| 1. Accounting policies |
|
|
|
|
|
|
| Basis of preparation |
|
|
|
|
|
|
|
| The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime. |
| Tangible fixed assets Depreciation |
|
|
|
|
|
| Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. |
| Fixtures and fittings |
20% Written Down Value |
|
|
|
|
|
| Office equipment |
|
20% Written Down Value |
|
|
|
|
|
| Motor vehicles |
|
10% and 25% Written Down Value |
|
|
|
|
|
| Plant and machinery |
|
20% Written Down Value |
|
|
|
|
|
| Stocks |
|
|
|
|
|
|
|
|
| Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Hire purchase and leasing commitments |
|
|
|
|
|
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. |
| Pension costs |
|
|
|
|
|
|
|
| The company operates a defined contribution pension scheme for employees. The annual contributionspayable are charged to the profit and loss account. |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
|
|
|
|
|
|
Page 6 |
|
| The Wright Tile, Stone & Bathroom Centre Ltd |
|
|
|
|
| Notes to the Financial Statements |
|
|
|
|
|
| for the Period Ended 31 March 2026 |
|
|
|
|
|
| 3. Stocks |
|
|
|
|
|
2026 |
2,025 |
|
| Raw materials |
|
|
|
|
110,446 |
140,305 |
|
| Total |
|
|
|
|
|
110,446 |
140,305 |
|
| 4. Debtors |
|
|
|
|
|
2026 |
2,025 |
|
| Trade debtors |
|
|
|
|
110,748 |
65,937 |
|
|
|
|
|
|
|
______ |
_____ |
|
| Total |
|
|
|
|
|
110,748 |
65,937 |
|
| 5. Creditors amounts falling due within one year |
|
2026 |
2,025 |
|
| Trade creditors |
|
|
|
|
119,968 |
128,496 |
|
| Corporation tax |
|
|
|
|
27,244 |
(3,304) |
|
| Other taxation and social security |
|
|
40,287 |
81,130 |
|
| Accruals and deferred income |
|
|
|
1,500 |
1,350 |
|
|
|
|
|
|
|
______ |
______ |
|
| Total |
|
|
|
|
|
188,999 |
207,672 |
|
| 6. Creditors amounts falling due after more than one year |
2026 |
2,025 |
|
| Bank loans |
|
|
|
|
|
1,672 |
7,755 |
|
| Amounts due under finance leases and |
|
|
|
|
|
| hire purchase contracts |
|
|
|
41,517 |
65,757 |
|
| Other creditors |
|
|
|
|
38 |
42,449 |
|
|
|
|
|
|
|
_____ |
______ |
|
| Total |
|
|
|
|
|
43,227 |
115,961 |
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
|
|
|
|
|
|
Page 8 |
|