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REGISTERED NUMBER: 04613995










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

WINGEDCHARIOT LTD

WINGEDCHARIOT LTD (REGISTERED NUMBER: 04613995)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WINGEDCHARIOT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: N Hoskins





SECRETARY: B Hoskins





REGISTERED OFFICE: 2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 04613995





ACCOUNTANTS: Barber & Company
A trading name of PCM Accounting Limited
2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

WINGEDCHARIOT LTD (REGISTERED NUMBER: 04613995)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 154 206
Property, plant and equipment 5 6,565 9,229
6,719 9,435

CURRENT ASSETS
Inventories - 284
Debtors 6 18,176 15,976
Cash at bank 5,090 11,235
23,266 27,495
CREDITORS
Amounts falling due within one year 7 8,099 8,683
NET CURRENT ASSETS 15,167 18,812
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,886

28,247

CAPITAL AND RESERVES
Called up share capital 8 1,100 1,100
Share premium 39,825 39,825
Retained earnings (19,039 ) (12,678 )
SHAREHOLDERS' FUNDS 21,886 28,247

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

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

WINGEDCHARIOT LTD (REGISTERED NUMBER: 04613995)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2023 and were signed by:





N Hoskins - Director


WINGEDCHARIOT LTD (REGISTERED NUMBER: 04613995)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Wingedchariot Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared in accordance with applicable accounting standards. The particular accounting policies adopted are described below.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Intangible fixed assets
Amortisation is provided at the rate of 25% on reducing balance in order to write off each asset over its estimated life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Inventories 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 statement of financial position date.


WINGEDCHARIOT LTD (REGISTERED NUMBER: 04613995)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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 statement of financial position 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.

Government grants
Government grants are recognised on a received basis. Capital grants are taken to income over the depreciation period for the assets they are intended to cover.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 April 2022
and 31 March 2023 19,886
AMORTISATION
At 1 April 2022 19,680
Amortisation for year 52
At 31 March 2023 19,732
NET BOOK VALUE
At 31 March 2023 154
At 31 March 2022 206

WINGEDCHARIOT LTD (REGISTERED NUMBER: 04613995)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2022 6,732 58,811 65,543
Additions - 352 352
At 31 March 2023 6,732 59,163 65,895
DEPRECIATION
At 1 April 2022 4,902 51,412 56,314
Charge for year 458 2,558 3,016
At 31 March 2023 5,360 53,970 59,330
NET BOOK VALUE
At 31 March 2023 1,372 5,193 6,565
At 31 March 2022 1,830 7,399 9,229

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 13,722 13,722
Directors' current accounts 4,454 2,254
18,176 15,976

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Social security and other taxes 1,012 1,596
Other creditors 4,987 4,987
Accruals and deferred income 2,100 2,100
8,099 8,683

8. CALLED UP SHARE CAPITAL


Allotted and issued:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1,100 Ordinary shares £1 1,100 1,100

9. ULTIMATE CONTROL

During the year under review, the company was under the control of Mr N Hoskins, it's director and majority equity shareholder.