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REGISTERED NUMBER: 08734725 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2022

for

WII ADJ Limited

WII ADJ Limited (Registered number: 08734725)






Contents of the Financial Statements
for the Year Ended 31 October 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WII ADJ Limited

Company Information
for the Year Ended 31 October 2022







DIRECTORS: Dr W Nolan
Y Wang





REGISTERED OFFICE: Swan House
9 Queens Road
Brentwood
Essex
CM14 4HE





REGISTERED NUMBER: 08734725 (England and Wales)





ACCOUNTANTS: Tiffin Green
Swan House
9 Queens Road
Brentwood
Essex
CM14 4HE

WII ADJ Limited (Registered number: 08734725)

Balance Sheet
31 October 2022

31.10.22 31.10.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 166,909 176,952
Investments 5 169,802 148,361
336,711 325,313

CURRENT ASSETS
Debtors 6 52,737 114,018
Cash at bank and in hand 50,400 35,947
103,137 149,965
CREDITORS
Amounts falling due within one year 7 66,876 61,469
NET CURRENT ASSETS 36,261 88,496
TOTAL ASSETS LESS CURRENT
LIABILITIES

372,972

413,809

CREDITORS
Amounts falling due after more than one
year

8

(98,541

)

(116,803

)

PROVISIONS FOR LIABILITIES (5,522 ) -
NET ASSETS 268,909 297,006

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 268,809 296,906
268,909 297,006

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

WII ADJ Limited (Registered number: 08734725)

Balance Sheet - continued
31 October 2022


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 Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:





Y Wang - Director


WII ADJ Limited (Registered number: 08734725)

Notes to the Financial Statements
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

WII ADJ 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 as modified by the revaluation of certain 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.

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

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.

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.

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 year was 3 (2021 - 3 ) .

WII ADJ Limited (Registered number: 08734725)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2021 132,841 121,808 254,649
Additions - 1,385 1,385
At 31 October 2022 132,841 123,193 256,034
DEPRECIATION
At 1 November 2021 - 77,697 77,697
Charge for year - 11,428 11,428
At 31 October 2022 - 89,125 89,125
NET BOOK VALUE
At 31 October 2022 132,841 34,068 166,909
At 31 October 2021 132,841 44,111 176,952

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 November 2021 148,361
Additions 76,116
Revaluations (54,675 )
At 31 October 2022 169,802
NET BOOK VALUE
At 31 October 2022 169,802
At 31 October 2021 148,361

Cost or valuation at 31 October 2022 is represented by:

Other
investments
£   
Valuation in 0 (54,675 )
Cost 224,477
169,802

WII ADJ Limited (Registered number: 08734725)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Amounts owed by associates 36,818 34,318
Other debtors 15,919 79,700
52,737 114,018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Bank loans and overdrafts 18,687 8,539
Trade creditors 4,183 3,906
Taxation and social security 35,860 32,935
Other creditors 8,146 16,089
66,876 61,469

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.22 31.10.21
£    £   
Bank loans 98,541 80,970
Other creditors - 35,833
98,541 116,803

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 39,866 44,575

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.22 31.10.21
£    £   
Bank loans 117,228 89,509

The bank loans are secured by a fixed and floating charge over the property and undertakings of the company.

WII ADJ Limited (Registered number: 08734725)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2022 and 31 October 2021:

31.10.22 31.10.21
£    £   
Dr W Nolan
Balance outstanding at start of year 32,188 24,964
Amounts advanced - 7,224
Amounts repaid (32,360 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (172 ) 32,188

Y Wang
Balance outstanding at start of year 32,188 24,964
Amounts advanced - 7,224
Amounts repaid (32,360 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (172 ) 32,188

Interest on the overdrawn directors loan account was charged at the official rate of interest 2.50%.