REGISTERED NUMBER: 03125247 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Wright Electrical Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Danks

REGISTERED OFFICE:

Unit 10, USAM Trading Estate

Wood Lane

Bushbury

Wolverhampton

West Midlands

WV10 8HN

REGISTERED NUMBER:

03125247 (England and Wales)

ACCOUNTANTS:

Clover Chartered Certified Accountants

6 Trinity Place

Midland Drive

Sutton Coldfield

West Midlands

B72 1TX

FIXED ASSETS

Tangible assets

4

40,660

19,988

CURRENT ASSETS

Stocks

247,642

35,000

Debtors

5

286,892

223,562

Cash at bank and in hand

705

5,000

535,239

263,562

CREDITORS

Amounts falling due within one year

6

(410,624

)

(199,654

)

NET CURRENT ASSETS

124,615

63,908

TOTAL ASSETS LESS CURRENT LIABILITIES

165,275

83,896

CREDITORS

Amounts falling due after more than one year

7

(47,740

)

(39,286

)

NET ASSETS

117,535

44,610

CAPITAL AND RESERVES

Called up share capital

40

40

Retained earnings

117,495

44,570

117,535

44,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2025 and were signed by:

A Danks - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 15% on reducing balance

Fixtures and fittings - 15% on reducing balance

Motor vehicles - 25% on reducing balance

Computer equipment - 33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences 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 tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are 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.

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

72,047

Additions

40,500

At 31 May 2025

112,547

DEPRECIATION

At 1 June 2024

52,059

Charge for year

19,828

At 31 May 2025

71,887

NET BOOK VALUE

At 31 May 2025

40,660

At 31 May 2024

19,988

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 June 2024

20,890

Additions

38,500

At 31 May 2025

59,390

DEPRECIATION

At 1 June 2024

5,223

Charge for year

14,847

At 31 May 2025

20,070

NET BOOK VALUE

At 31 May 2025

39,320

At 31 May 2024

15,667

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

286,354

223,024

Other debtors

538

538

286,892

223,562

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

55,553

39,561

Hire purchase contracts

8,856

4,666

Trade creditors

247,041

119,050

Taxation and social security

89,481

29,227

Other creditors

9,693

7,150

410,624

199,654

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

18,427

28,427

Hire purchase contracts

29,313

10,859

47,740

39,286

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.25

31.5.24

£

£

Bank overdrafts

35,553

33,774

Hire purchase contracts

38,169

15,525

73,722

49,299

The bank overdraft is secured by a debenture dated 22/07/1999 creating a fixed and floating charge

over the undertaking and all property and assets present and future.