AJ Wright (Electrical) Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 06411646

Financial Statements

for the Year Ended 31 December 2022

for

AJ Wright (Electrical) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms C H Pitt

J R Tansey

REGISTERED OFFICE:

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

REGISTERED NUMBER:

06411646

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

FIXED ASSETS

Tangible assets

4

19,227

22,854

CURRENT ASSETS

Stocks

119,926

125,387

Debtors

5

290,348

324,863

Cash at bank and in hand

91

3,535

410,365

453,785

CREDITORS

Amounts falling due within one year

6

319,505

261,846

NET CURRENT ASSETS

90,860

191,939

TOTAL ASSETS LESS CURRENT LIABILITIES

110,087

214,793

CREDITORS

Amounts falling due after more than one year

7

(53,135

)

(106,003

)

PROVISIONS FOR LIABILITIES

(234

)

(645

)

NET ASSETS

56,718

108,145

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

56,618

108,045

SHAREHOLDERS' FUNDS

56,718

108,145

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 13 July 2023 and were signed on its behalf by:

Ms C H Pitt - Director

1.	STATUTORY INFORMATION

AJ Wright (Electrical) Limited is a private company, limited by shares , registered in Not specified/Other. 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 the shorter.

Plant and machinery etc

-

20% on reducing balance and 15% on reducing balance

Stocks

Stocks have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture or completion.

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

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.

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 7 (2021 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2022

44,934

Additions

823

At 31 December 2022

45,757

DEPRECIATION

At 1 January 2022

22,080

Charge for year

4,450

At 31 December 2022

26,530

NET BOOK VALUE

At 31 December 2022

19,227

At 31 December 2021

22,854

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

Plant and

machinery

etc

£

COST

At 1 January 2022

and 31 December 2022

22,025

DEPRECIATION

At 1 January 2022

7,929

Charge for year

2,819

At 31 December 2022

10,748

NET BOOK VALUE

At 31 December 2022

11,277

At 31 December 2021

14,096

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

169,105

199,171

Amounts owed by group undertakings

105,693

113,622

Other debtors

15,550

12,070

290,348

324,863

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade creditors

206,588

199,700

Amounts owed to group undertakings

1,195

-

Other creditors

111,722

62,146

319,505

261,846

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.22

31.12.21

£

£

Other creditors

53,135

106,003

8.	ULTIMATE CONTROLLING PARTY

The controlling party is HCompanyOne Limited.

Incorporated in England and Wales

Registered office: 41-43 Market Place, Chippenham, Wiltshire, SN15 3HR