Wrightform Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04393088 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

WRIGHTFORM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P K Rose

Mr J T Wilby

Mr K L Rose

SECRETARY:

Mr P K Rose

REGISTERED OFFICE:

Mid Suffolk Business Park

Progress Way

Eye

Suffolk

IP23 7HU

REGISTERED NUMBER:

04393088 (England and Wales)

ACCOUNTANTS:

Sexty & Co

Chartered Certified Accountants

124 Thorpe Road

Norwich

Norfolk

NR1 1RS

FIXED ASSETS

Tangible assets

4

506,222

637,215

CURRENT ASSETS

Stocks

5

190,157

341,946

Debtors

6

2,285,444

1,326,243

Cash at bank and in hand

436,519

417,321

2,912,120

2,085,510

CREDITORS

Amounts falling due within one year

7

1,746,970

1,194,904

NET CURRENT ASSETS

1,165,150

890,606

TOTAL ASSETS LESS CURRENT LIABILITIES

1,671,372

1,527,821

CREDITORS

Amounts falling due after more than one year

8

(272,969

)

(354,527

)

PROVISIONS FOR LIABILITIES

(83,600

)

(101,000

)

NET ASSETS

1,314,803

1,072,294

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

1,314,603

1,072,094

SHAREHOLDERS' FUNDS

1,314,803

1,072,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 20 June 2023 and were signed on its behalf by:

Mr P K Rose - Director

1.	STATUTORY INFORMATION

Wrightform 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 or, if held under a finance lease, over the lease term , whichever is shorter.

Plant and machinery etc - Computer equipment, 25% on cost and 13.33% 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 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.

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

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 49 (2021 - 51 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 October 2021

7,468

2,461,454

152,585

2,621,507

Additions

-

2,364

33,741

36,105

At 30 September 2022

7,468

2,463,818

186,326

2,657,612

DEPRECIATION

At 1 October 2021

7,468

1,848,906

127,918

1,984,292

Charge for year

-

156,064

11,034

167,098

At 30 September 2022

7,468

2,004,970

138,952

2,151,390

NET BOOK VALUE

At 30 September 2022

-

458,848

47,374

506,222

At 30 September 2021

-

612,548

24,667

637,215

5.

STOCKS

2022

2021

£

£

Finished goods

190,157

341,946

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

2,061,899

1,290,618

Other debtors

223,545

35,625

2,285,444

1,326,243

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Hire purchase contracts

81,557

81,557

Trade creditors

622,457

567,158

Taxation and social security

380,123

180,984

Other creditors

662,833

365,205

1,746,970

1,194,904

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Hire purchase contracts

272,969

354,527

9.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Hire purchase contracts

354,526

436,084

Hire purchase contracts are secured over the assets financed.