Company Registration No. 04594717 (England and Wales)
WIZBIT INTERNET SERVICES LTD
Unaudited accounts
for the year ended 31 March 2023
WIZBIT INTERNET SERVICES LTD
Unaudited accounts
Contents
WIZBIT INTERNET SERVICES LTD
Company Information
for the year ended 31 March 2023
Directors
R Martin
P Martin
Company Number
04594717 (England and Wales)
Registered Office
KEPPEL K1
DAEDALUS PARK
LEE ON THE SOLENT
HAMPSHIRE
PO13 9FX
UNITED KINGDOM
Accountants
Premier UK Business LLP
Lyndum House
12 High street
Petersfield
United Kingdom
GU32 3JG
WIZBIT INTERNET SERVICES LTD
Statement of financial position
as at 31 March 2023
Tangible assets
305,595
320,154
Cash at bank and in hand
44,700
144,386
Creditors: amounts falling due within one year
(102,786)
(103,468)
Net current assets
203,543
252,103
Total assets less current liabilities
509,138
572,257
Creditors: amounts falling due after more than one year
(167,860)
(237,887)
Provisions for liabilities
Deferred tax
(54,586)
(56,589)
Net assets
286,692
277,781
Called up share capital
100
100
Profit and loss account
286,592
277,681
Shareholders' funds
286,692
277,781
For the year 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 directors acknowledge their 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 of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by
R Martin
Director
Company Registration No. 04594717
WIZBIT INTERNET SERVICES LTD
Notes to the Accounts
for the year ended 31 March 2023
WIZBIT INTERNET SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 04594717. The registered office is KEPPEL K1, DAEDALUS PARK, LEE ON THE SOLENT, HAMPSHIRE, PO13 9FX, UNITED KINGDOM.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2022
833
651,204
652,037
At 31 March 2023
833
726,366
727,199
At 1 April 2022
653
331,230
331,883
Charge for the year
45
89,676
89,721
At 31 March 2023
698
420,906
421,604
At 31 March 2023
135
305,460
305,595
At 31 March 2022
180
319,974
320,154
WIZBIT INTERNET SERVICES LTD
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
135,892
96,704
Accrued income and prepayments
16,068
15,535
Other debtors
23,369
36,436
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,005
14,874
Obligations under finance leases and hire purchase contracts
6,749
6,749
Trade creditors
29,551
24,291
Taxes and social security
35,887
35,181
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Creditors: amounts falling due after more than one year
2023
2022
Bank loans
159,623
222,901
Obligations under finance leases and hire purchase contracts
8,237
14,986
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Average number of employees
During the year the average number of employees was 25 (2022: 25).