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Company Registration No. 09580706 (England and Wales)
Wizme Ltd Unaudited accounts for the period from 1 May 2022 to 31 March 2023
Wizme Ltd Unaudited accounts Contents
Page
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Wizme Ltd Company Information for the period from 1 May 2022 to 31 March 2023
Director
Nour Mouakke
Company Number
09580706 (England and Wales)
Registered Office
128 City Road London EC1V 2NX
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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Wizme Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
71 
460 
Current assets
Debtors
6,927 
5,466 
Cash at bank and in hand
20,772 
8,573 
27,699 
14,039 
Creditors: amounts falling due within one year
(149,555)
(42,405)
Net current liabilities
(121,856)
(28,366)
Net liabilities
(121,785)
(27,906)
Capital and reserves
Called up share capital
1 
1 
Share premium
543,547 
543,547 
Profit and loss account
(665,333)
(571,454)
Shareholders' funds
(121,785)
(27,906)
For the period 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 11 May 2023 and were signed on its behalf by
Nour Mouakke Director Company Registration No. 09580706
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Wizme Ltd Notes to the Accounts for the period from 1 May 2022 to 31 March 2023
1
Statutory information
Wizme Ltd is a private company, limited by shares, registered in England and Wales, registration number 09580706. The registered office is 128 City Road, London, EC1V 2NX.
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 period, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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:
Computer equipment
Straightline over a useful life of 3 years
Presentation currency
The accounts are presented in £ sterling.
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Wizme Ltd Notes to the Accounts for the period from 1 May 2022 to 31 March 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 May 2022
1,275 
At 31 March 2023
1,275 
Depreciation
At 1 May 2022
815 
Charge for the period
389 
At 31 March 2023
1,204 
Net book value
At 31 March 2023
71 
At 30 April 2022
460 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
5,900 
5,466 
Other debtors
1,027 
- 
6,927 
5,466 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
4,638 
7,587 
Other creditors
110,000 
- 
Loans from directors
34,917 
34,818 
149,555 
42,405 
7
Average number of employees
During the period the average number of employees was 1 (2022: 1).
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