JEREMY WRIGHT LTD

JEREMY WRIGHT LTD

JEREMY WRIGHT LTD - Company Information

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JEREMY WRIGHT LTD

Company Registration Number:
07781084 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2021

Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

JEREMY WRIGHT LTD

Contents of the Financial Statements

for the Period Ended 31 March 2021

Balance sheet
Notes

JEREMY WRIGHT LTD

Balance sheet

As at 31 March 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 69,693 59,007
Total fixed assets: 69,693 59,007
Current assets
Stocks: 444,221 354,029
Debtors:   150,936 224,276
Cash at bank and in hand: 285,408 381,168
Total current assets: 880,565 959,473
Creditors: amounts falling due within one year:   (241,419) (378,148)
Net current assets (liabilities): 639,146 581,325
Total assets less current liabilities: 708,839 640,332
Creditors: amounts falling due after more than one year:   (15,661) (20,915)
Total net assets (liabilities): 693,178 619,417
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 693,078 619,317
Shareholders funds: 693,178 619,417

The notes form part of these financial statements

JEREMY WRIGHT LTD

Balance sheet statements

For the year ending 31 March 2021 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 December 2021
and signed on behalf of the board by:

Name: Jeremy Wright
Status: Director

The notes form part of these financial statements

JEREMY WRIGHT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:Plant & machinery 20% and 10% reducing balanceMotor vehicles 20% reducing balanceFixtures & fittings 10% reducing balance

Intangible fixed assets and amortisation policy

Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Purchases Goodwill of £60,000 has been completely Amortised.

JEREMY WRIGHT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2021

2. Employees

2021 2020
Average number of employees during the period 16 16

JEREMY WRIGHT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Tangible Assets

Total
Cost £
At 01 April 2020 180,449
Additions 27,055
At 31 March 2021 207,504
Depreciation
At 01 April 2020 121,442
Charge for year 16,369
At 31 March 2021 137,811
Net book value
At 31 March 2021 69,693
At 31 March 2020 59,007

JEREMY WRIGHT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Loans to directors

Name of director receiving advance or credit: Jeremy Wright
Description of the loan: Overdrawn Director's Current Account
£
Balance at 01 April 2020 0
Advances or credits made: 5,715
Balance at 31 March 2021 5,715