WIZARD OF THE NORTH LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Company registration number SC710293 (Scotland)
PAGES FOR FILING WITH REGISTRAR
WIZARD OF THE NORTH LTD
BALANCE SHEET
AS AT 30 SEPTEMBER 2023
30 September 2023
- 1 -
2023
2022
£
£
£
£
Fixed assets
31,920
36,617
Current assets
42,795
19,373
Prepayments and accrued income
10,348
2,609
Creditors: amounts falling due within one year
(115,876)
(96,888)
Net current liabilities
(62,733)
(74,906)
Total assets less current liabilities
(30,813)
(38,289)
Net liabilities
(30,813)
(38,289)
Capital and reserves
(30,813)
(38,289)
Notes to the financial statements
1
Financial commitments, guarantees and contingencies
At the year-end, the company had outstanding lease commitments of £222,292. The lease of the property expires in October 2031.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
6
6
3
Going concern
The company has net liabilities at 30 September 2023 of £30,813. The director has indicated his willingness to continue his financial support of the company and for this reason the going concern basis is considered appropriate for the preparation of the financial statements.
4
Related parties
Included within creditors due within one year is the amount of £63,333 due by the company to its director. The loan is repayable on demand and does not bear interest.
Wizard of the North Ltd is a private company limited by shares incorporated in Scotland. The registered office is 5 Firhill Street, Ellon, Aberdeenshire, AB41 9JQ.
For the year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
WIZARD OF THE NORTH LTD
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023
30 September 2023
- 2 -
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 21 November 2023
..............................................
Mr Scott Leslie
Director
Company registration number SC710293 (Scotland)