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REGISTERED NUMBER: 07638188 (England and Wales)















Financial Statements for the Year Ended 31 May 2023

for

Widezone Intl (Uk) Ltd

Widezone Intl (Uk) Ltd (Registered number: 07638188)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Widezone Intl (Uk) Ltd (Registered number: 07638188)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £ £
Fixed assets
Tangible assets 4 84,422 -

Current assets
Stocks 5 65,000 65,000
Debtors 6 518,160 397,743
Cash at bank 159,190 9,954
742,350 472,697
Creditors
Amounts falling due within one year 7 (326,449 ) (254,823 )
Net current assets 415,901 217,874
Total assets less current liabilities 500,323 217,874

Capital and reserves
Called up share capital 8 2 2
Retained earnings 9 500,321 217,872
Shareholders' funds 500,323 217,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

Widezone Intl (Uk) Ltd (Registered number: 07638188)

Balance Sheet - continued
31 May 2023


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 and authorised for issue on 13 July 2023 and were signed by:





Bashir Ahmad - Director


Widezone Intl (Uk) Ltd (Registered number: 07638188)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. Statutory information

Widezone Intl (Uk) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07638188

Registered office: Unit 17, G4 Cranmer Road
West Meadows Industrial Estate
Derby
DE21 6JL

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.

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.


Widezone Intl (Uk) Ltd (Registered number: 07638188)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. Accounting policies - continued
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.

3. Employees and directors

The average number of employees during the year was 3 (2022 - 3 ) .

4. Tangible fixed assets
Motor
vehicles
£
Cost
Additions 105,528
At 31 May 2023 105,528
Depreciation
Charge for year 21,106
At 31 May 2023 21,106
Net book value
At 31 May 2023 84,422

5. Stocks
31.5.23 31.5.22
£ £
Finished goods 65,000 65,000

6. Debtors: amounts falling due within one year
31.5.23 31.5.22
£ £
Trade debtors 518,160 397,743

Widezone Intl (Uk) Ltd (Registered number: 07638188)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. Creditors: amounts falling due within one year
31.5.23 31.5.22
£ £
Trade creditors 43,434 43,436
Corporation tax 88,957 69,002
Social security and other taxes 6,000 31,000
VAT 137,810 111,138
Proposed dividends 50,001 -
Other creditors 247 247
326,449 254,823

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £ £
100 Ordinary shares 1 2 2

9. Reserves
Retained
earnings
£

At 1 June 2022 217,872
Profit for the year 353,659
Dividends (71,210 )
At 31 May 2023 500,321