Wilwright Electrical Contractors Ltd - Accounts to registrar (filleted) - small 22.3

Wilwright Electrical Contractors Ltd - Accounts to registrar (filleted) - small 22.3


IRIS Accounts Production v22.3.3.48 03343487 Board of Directors Board of Directors 1.3.21 28.2.22 28.2.22 false true false false false true false Ordinary 1.00000 Ordinary B Non Voting 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure033434872021-02-28033434872022-02-28033434872021-03-012022-02-28033434872020-02-29033434872020-03-012021-02-28033434872021-02-2803343487ns16:EnglandWales2021-03-012022-02-2803343487ns15:PoundSterling2021-03-012022-02-2803343487ns11:Director12021-03-012022-02-2803343487ns11:Director22021-03-012022-02-2803343487ns11:PrivateLimitedCompanyLtd2021-03-012022-02-2803343487ns11:SmallEntities2021-03-012022-02-2803343487ns11:AuditExemptWithAccountantsReport2021-03-012022-02-2803343487ns11:SmallCompaniesRegimeForDirectorsReport2021-03-012022-02-2803343487ns11:SmallCompaniesRegimeForAccounts2021-03-012022-02-2803343487ns11:AbridgedAccounts2021-03-012022-02-280334348712021-03-012022-02-2803343487ns11:OrdinaryShareClass12021-03-012022-02-2803343487ns11:OrdinaryShareClass22021-03-012022-02-2803343487ns11:Director32021-03-012022-02-2803343487ns11:CompanySecretary12021-03-012022-02-2803343487ns11:RegisteredOffice2021-03-012022-02-2803343487ns6:CurrentFinancialInstruments2022-02-2803343487ns6:CurrentFinancialInstruments2021-02-2803343487ns6:ShareCapital2022-02-2803343487ns6:ShareCapital2021-02-2803343487ns6:SharePremium2022-02-2803343487ns6:SharePremium2021-02-2803343487ns6:RetainedEarningsAccumulatedLosses2022-02-2803343487ns6:RetainedEarningsAccumulatedLosses2021-02-2803343487ns6:NetGoodwill2021-03-012022-02-2803343487ns6:IntangibleAssetsOtherThanGoodwill2021-03-012022-02-2803343487ns6:PlantMachinery2021-03-012022-02-2803343487ns6:FurnitureFittings2021-03-012022-02-2803343487ns6:MotorVehicles2021-03-012022-02-2803343487ns6:ComputerEquipment2021-03-012022-02-2803343487ns6:AfterOneYearns6:Non-currentFinancialInstruments2022-02-2803343487ns6:AfterOneYearns6:Non-currentFinancialInstruments2021-02-2803343487ns11:OrdinaryShareClass12022-02-2803343487ns11:OrdinaryShareClass22022-02-2803343487ns6:RetainedEarningsAccumulatedLosses2021-02-2803343487ns6:SharePremium2021-02-2803343487ns6:RetainedEarningsAccumulatedLosses2021-03-012022-02-28
REGISTERED NUMBER: 03343487 (England and Wales)















WILWRIGHT ELECTRICAL CONTRACTORS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022






WILWRIGHT ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 03343487)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

WILWRIGHT ELECTRICAL CONTRACTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2022







DIRECTORS: G Wright
C Wilson
M Hamer





SECRETARY: G Wright





REGISTERED OFFICE: Coppice House
Halesfield 7
Telford
Shropshire
TF7 4NA





REGISTERED NUMBER: 03343487 (England and Wales)





ACCOUNTANTS: Hollingsworth & Co Ltd
Coppice House
Halesfield 7
Telford
Shropshire
TF7 4NA

WILWRIGHT ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 03343487)

ABRIDGED BALANCE SHEET
28 FEBRUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 466,233 532,845
Tangible assets 5 139,320 116,698
605,553 649,543

CURRENT ASSETS
Stocks 85,976 146,466
Debtors 6 1,160,951 2,061,192
Cash at bank 1,615,586 2,270,474
2,862,513 4,478,132
CREDITORS
Amounts falling due within one year 454,788 1,542,779
NET CURRENT ASSETS 2,407,725 2,935,353
TOTAL ASSETS LESS CURRENT LIABILITIES 3,013,278 3,584,896

PROVISIONS FOR LIABILITIES 13,374 15,915
NET ASSETS 2,999,904 3,568,981

CAPITAL AND RESERVES
Called up share capital 7 120 120
Share premium 8 1,622,540 1,622,540
Retained earnings 8 1,377,244 1,946,321
SHAREHOLDERS' FUNDS 2,999,904 3,568,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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.

WILWRIGHT ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 03343487)

ABRIDGED BALANCE SHEET - continued
28 FEBRUARY 2022


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 November 2022 and were signed on its behalf by:




G Wright - Director



C Wilson - Director


WILWRIGHT ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 03343487)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

1. STATUTORY INFORMATION

Wilwright Electrical Contractors Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


WILWRIGHT ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 03343487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022

2. ACCOUNTING POLICIES - continued
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.

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 44 (2021 - 46 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2021
and 28 February 2022 1,332,178
AMORTISATION
At 1 March 2021 799,333
Amortisation for year 66,612
At 28 February 2022 865,945
NET BOOK VALUE

At 28 February 2022 466,233
At 28 February 2021 532,845

WILWRIGHT ELECTRICAL CONTRACTORS LTD (REGISTERED NUMBER: 03343487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2021 354,306
Additions 74,073
Disposals (82,975 )
At 28 February 2022 345,404
DEPRECIATION
At 1 March 2021 237,608
Charge for year 40,017
Eliminated on disposal (71,541 )
At 28 February 2022 206,084
NET BOOK VALUE
At 28 February 2022 139,320
At 28 February 2021 116,698

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Other debtors 75,000 -

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
20 Ordinary £1 20 20
100 Ordinary B Non Voting £1 100 100
120 120

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 March 2021 1,946,321 1,622,540 3,568,861
Profit for the year 685,933 685,933
Dividends (1,255,010 ) (1,255,010 )
At 28 February 2022 1,377,244 1,622,540 2,999,784

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WILWRIGHT ELECTRICAL CONTRACTORS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wilwright Electrical Contractors Ltd for the year ended 28 February 2022 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Wilwright Electrical Contractors Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wilwright Electrical Contractors Ltd and state those matters that we have agreed to state to the Board of Directors of Wilwright Electrical Contractors Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wilwright Electrical Contractors Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wilwright Electrical Contractors Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wilwright Electrical Contractors Ltd. You consider that Wilwright Electrical Contractors Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wilwright Electrical Contractors Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hollingsworth & Co Ltd
Coppice House
Halesfield 7
Telford
Shropshire
TF7 4NA


17 November 2022