Registered number: 03849530 | ||||||||
FOR THE YEAR ENDED 28/02/2023 | ||||||||
Prepared By: | ||||||||
Lever Bros & Co | ||||||||
Chartered Accountants | ||||||||
First Floor ,690 Great West Road | ||||||||
Osterley Village | ||||||||
Isleworth | ||||||||
TW7 4PU |
Widernet Communications Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 28/02/2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 03849530 | ||||||||
ACCOUNTANTS | ||||||||
Lever Bros & Co | ||||||||
Chartered Accountants | ||||||||
First Floor ,690 Great West Road | ||||||||
Osterley Village | ||||||||
Isleworth | ||||||||
TW7 4PU |
Widernet Communications Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED28/02/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Widernet Communications Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 2 | |||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
644,563 | 589,062 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 352,886 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Profit and loss account | 412,800 | 429,687 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
............................. | ||||||||||
E M Turner | ||||||||||
Director | ||||||||||
Widernet Communications Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 28/02/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. | ||||||||
Plant And Machinery | straight line25% |
1c. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1d. Foreign Currency | ||||||||
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated. |
1e. Goodwill | ||||||||
1f. Statutory Information | ||||||||
Widernet Communications Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 03849530 and registered office address is 483 Green Lanes, London, England, N13 4BS. |
1g. Financial Instruments | ||||||||
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments. |
1h. Turnover | ||||||||
Turnover derived is from services supplied by the company, net of value added tax and trade discounts and is recognised when services are rendered. |
Widernet Communications Limited | ||||||||
2. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/03/2022 | 350,000 | 350,000 | ||
At 28/02/2023 | 350,000 | 350,000 | ||
Depreciation | ||||
At 01/03/2022 | 193,200 | 193,200 | ||
For the year | 35,000 | 35,000 | ||
At 28/02/2023 | 228,200 | 228,200 | ||
Net Book Amounts | ||||
At 28/02/2023 | ||||
At 28/02/2022 | ||||
3. TANGIBLE FIXED ASSETS | ||||||||
Plant and | ||||||||
Machinery | Equipment | Website | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/03/2022 | - | 12,780 | 83,247 | 96,027 | ||||
Additions | 31,065 | - | - | 31,065 | ||||
At 28/02/2023 | 31,065 | 12,780 | 83,247 | 127,092 | ||||
Depreciation | ||||||||
At 01/03/2022 | - | 12,779 | 83,247 | 96,026 | ||||
For the year | 7,766 | - | - | 7,766 | ||||
At 28/02/2023 | 7,766 | 12,779 | 83,247 | 103,792 | ||||
Net Book Amounts | ||||||||
At 28/02/2023 | 23,299 | 1 | - | 23,300 | ||||
At 28/02/2022 | - | 1 | - | 1 | ||||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 65,379 | 44,254 | ||||||
Other debtors | - | 22,381 | ||||||
Prepayments | 4,145 | - | ||||||
69,524 | 66,635 | |||||||
Widernet Communications Limited | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Taxation and social security | 17,611 | 39,076 | ||||||
Salaries and wages control | - | 800 | ||||||
Trade creditors | 69,302 | 63,583 | ||||||
Other creditors | 162,635 | 98,640 | ||||||
Pension schemes | 103 | 92 | ||||||
Accruals | 47,212 | 33,985 | ||||||
296,863 | 236,176 | |||||||
6. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 1 | |||||
7. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
43,800 | 43,800 | |||||||
14,400 | 14,400 | |||||||
10,400 | 10,400 | |||||||
10,400 Ordinary D shares of £1 each | 10,400 | 10,400 | ||||||
1,000 Ordinary E shares of £1 each | 1,000 | 1,000 | ||||||
80,000 | 80,000 | |||||||