F.R. Wright & Co. Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00598762 (England and Wales)

Unaudited Financial Statements

for the Period

9 March 2018 to 31 May 2019

for

F.R. Wright & Co. Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

F R A Emmett

SECRETARY:

Ms J O Stanley

REGISTERED OFFICE:

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

REGISTERED NUMBER:

00598762 (England and Wales)

ACCOUNTANTS:

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

The following reproduces the text of the report prepared for the director 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 Director 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 F.R. Wright & Co. Limited for the period ended 31 May 2019 which

comprise the Income Statement, 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 director of F.R. Wright & Co. Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of F.R. Wright & Co. Limited and state those matters that we have agreed to state to the director of F.R. Wright & Co. Limited 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 F.R. Wright & Co. Limited and its director for our work or for this report.

It is your duty to ensure that F.R. Wright & Co. Limited 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 loss of F.R. Wright & Co. Limited. You consider that F.R. Wright & Co. Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of F.R. Wright & Co. Limited. 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.

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

27 February 2020

FIXED ASSETS

Tangible assets

4

29

56

CURRENT ASSETS

Stocks

5,620

8,202

Debtors

5

38,957

28,757

Cash at bank

12,073

7,584

56,650

44,543

CREDITORS

Amounts falling due within one year

6

86,410

66,455

NET CURRENT LIABILITIES

(29,760

)

(21,912

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(29,731

)

(21,856

)

CAPITAL AND RESERVES

Called up share capital

7

500

500

Retained earnings

(30,231

)

(22,356

)

SHAREHOLDERS' FUNDS

(29,731

)

(21,856

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 27 February 2020 and were signed by:

F R A Emmett - Director

1.	STATUTORY INFORMATION

F.R. Wright & Co. 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 represents amounts receivable to goods and services net of VAT and trade discounts and is

recognised when the work is completed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making

due allowance for obsolete and slow moving items.

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.

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 period was 4 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 9 March 2018

and 31 May 2019

1,111

100

1,211

DEPRECIATION

At 9 March 2018

1,105

50

1,155

Charge for period

2

25

27

At 31 May 2019

1,107

75

1,182

NET BOOK VALUE

At 31 May 2019

4

25

29

At 8 March 2018

6

50

56

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

8.3.18

£

£

Trade debtors

17,585

14,795

Other debtors

21,372

13,962

38,957

28,757

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

8.3.18

£

£

Trade creditors

4,313

8,280

Other creditors

82,097

58,175

86,410

66,455

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.19

8.3.18

value:

£

£

500

Ordinary

£1.00

500

500

8.	GOING CONCERN

The financial statements have been prepared on the going concern basis as the director has agreed

to support the company for the foreseeable future.