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Company Registration No. 2625645 (England and Wales)
WITS Warehouse Solutions Ltd Unaudited accounts for the year ended 30 June 2023
WITS Warehouse Solutions Ltd Unaudited accounts Contents
Page
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WITS Warehouse Solutions Ltd Company Information for the year ended 30 June 2023
Directors
Mr I J Churchill Mrs L A Churchill
Secretary
Mrs L A Churchill
Company Number
2625645 (England and Wales)
Registered Office
86 Leeds Road Oulton Leeds LS26 8JY
Accountants
John Shackleton & Co Ltd, 10 Claro Court Business Centre Claro Road Harrogate North Yorkshire HG1 4BA
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WITS Warehouse Solutions Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,815 
10,064 
Current assets
Inventories
3,000 
3,000 
Debtors
28,810 
29,224 
Cash at bank and in hand
47,135 
61,122 
78,945 
93,346 
Creditors: amounts falling due within one year
(29,226)
(14,528)
Net current assets
49,719 
78,818 
Net assets
64,534 
88,882 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
64,434 
88,782 
Shareholders' funds
64,534 
88,882 
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by
Mrs L A Churchill Director Company Registration No. 2625645
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WITS Warehouse Solutions Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
WITS Warehouse Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 2625645. The registered office is 86 Leeds Road, Oulton, Leeds, LS26 8JY.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
5 years straight line
Fixtures & fittings
5 years straight line
Computer equipment
3 years straight line
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2022
5,727 
- 
9,722 
15,449 
Additions
- 
1,869 
10,713 
12,582 
At 30 June 2023
5,727 
1,869 
20,435 
28,031 
Depreciation
At 1 July 2022
1,145 
- 
4,240 
5,385 
Charge for the year
1,145 
374 
6,312 
7,831 
At 30 June 2023
2,290 
374 
10,552 
13,216 
Net book value
At 30 June 2023
3,437 
1,495 
9,883 
14,815 
At 30 June 2022
4,582 
- 
5,482 
10,064 
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WITS Warehouse Solutions Ltd Notes to the Accounts for the year ended 30 June 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
15,471 
29,224 
Other debtors
13,339 
- 
28,810 
29,224 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,712 
7,191 
Trade creditors
1,149 
721 
Taxes and social security
11,871 
1,472 
Other creditors
489 
471 
Loans from directors
780 
780 
Accruals
7,225 
3,893 
29,226 
14,528 
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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