Company Registration No. 07781084 (England and Wales)
Jeremy Wright Ltd
Unaudited accounts
for the year ended 31 March 2023
Jeremy Wright Ltd
Unaudited accounts
Contents
Jeremy Wright Ltd
Company Information
for the year ended 31 March 2023
Company Number
07781084 (England and Wales)
Registered Office
Unit 4G
South Hams Business Park
Kingsbridge
Please select region, state or province
TQ7 3QH
United Kingdom
Accountants
Helen Solomon Ltd
Unit 4G South Hams Business Park
Churchstow
Devon
TQ7 3QH
Jeremy Wright Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
107,713
81,618
Inventories
415,377
583,250
Cash at bank and in hand
321,882
270,535
Creditors: amounts falling due within one year
(523,379)
(388,598)
Net current assets
734,248
698,658
Total assets less current liabilities
841,961
780,276
Creditors: amounts falling due after more than one year
(5,304)
(10,525)
Net assets
836,657
769,751
Called up share capital
100
100
Profit and loss account
836,557
769,651
Shareholders' funds
836,657
769,751
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 December 2023 and were signed on its behalf by
Jeremy Wright
Director
Company Registration No. 07781084
Jeremy Wright Ltd
Notes to the Accounts
for the year ended 31 March 2023
Jeremy Wright Ltd is a private company, limited by shares, registered in England and Wales, registration number 07781084. The registered office is Unit 4G, South Hams Business Park, Kingsbridge, Please select region, state or province, TQ7 3QH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
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 balance
Motor vehicles
20% reducing balance
Fixtures & fittings
10% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Jeremy Wright Ltd
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
51,960
143,425
18,469
213,854
Additions
59,950
-
-
59,950
Disposals
(41,213)
-
-
(41,213)
At 31 March 2023
70,697
143,425
18,469
232,591
At 1 April 2022
42,537
78,055
11,644
132,236
Charge for the year
12,319
13,074
682
26,075
On disposals
(33,433)
-
-
(33,433)
At 31 March 2023
21,423
91,129
12,326
124,878
At 31 March 2023
49,274
52,296
6,143
107,713
At 31 March 2022
9,423
65,370
6,825
81,618
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
19,601
-
- Motor vehicles
15,617
25,051
Amounts falling due within one year
Trade debtors
467,716
186,470
Accrued income and prepayments
2,568
1,412
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
7,374
7,457
Obligations under finance leases and hire purchase contracts
35,219
25,051
Trade creditors
416,955
336,009
Taxes and social security
18,601
6,462
Loans from directors
(7,933)
(9,181)
8
Creditors: amounts falling due after more than one year
2023
2022
Jeremy Wright Ltd
Notes to the Accounts
for the year ended 31 March 2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Current Account
9,180
-
1,247
7,933
11
Transactions with related parties
Rent is paid to the Director of £12,000pa for the market rental of the premises owned by him. A dividend of £5,000 was paid to the director on 31st March 2023.
12
Average number of employees
During the year the average number of employees was 16 (2022: 15).
