Wright & Company Property Consultants Li - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC274338 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

WRIGHT & COMPANY PROPERTY CONSULTANTS

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Wright

Mrs P Wright

SECRETARY:

Mrs P Wright

REGISTERED OFFICE:

3 Rutherford Road

Woodilee Village

Lenzie

Glasgow

G66 3UT

REGISTERED NUMBER:

SC274338 (Scotland)

ACCOUNTANTS:

Kean Jarman & Company

Chartered Accountants

27 Ingram Street

Glasgow

G1 1HA

FIXED ASSETS

Tangible assets

4

1,156

1,541

CURRENT ASSETS

Debtors

5

1,052

65,029

Cash at bank

1,114

20,603

2,166

85,632

CREDITORS

Amounts falling due within one year

6

70,912

89,361

NET CURRENT LIABILITIES

(68,746

)

(3,729

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(67,590

)

(2,188

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(67,592

)

(2,190

)

SHAREHOLDERS' FUNDS

(67,590

)

(2,188

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2020 and were signed on its behalf by:

A Wright - Director

1.	STATUTORY INFORMATION

Wright & Company Property Consultants Limited is a private company, limited by shares , registered in Scotland. 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Hire purchase and leasing commitments

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 2 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2019

and 31 March 2020

11,117

6,591

17,708

DEPRECIATION

At 1 April 2019

10,105

6,062

16,167

Charge for year

253

132

385

At 31 March 2020

10,358

6,194

16,552

NET BOOK VALUE

At 31 March 2020

759

397

1,156

At 31 March 2019

1,012

529

1,541

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

-

64,337

Other debtors

495

-

Prepayments and accrued income

557

692

1,052

65,029

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

303

766

Tax

56,123

50,193

Social security and other taxes

214

540

VAT

10,131

33,929

Directors' current accounts

-

1,025

Accrued expenses

4,141

2,908

70,912

89,361