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REGISTERED NUMBER: 07542487 (England and Wales)















Financial Statements for the Year Ended 28 February 2023

for

Intelligent Storage WGC Ltd

Intelligent Storage WGC Ltd (Registered number: 07542487)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Intelligent Storage WGC Ltd

Company Information
for the Year Ended 28 February 2023







Directors: N W Goode
A B Goode
P G Smith





Registered office: 25 Brownfields
Welwyn Garden City
Hertfordshire
AL7 1AN





Registered number: 07542487 (England and Wales)





Accountants: Jordan Thomas Lane
135 High Street
Great Abington
Cambridgeshire
CB21 6AE

Intelligent Storage WGC Ltd (Registered number: 07542487)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 14,379 19,172

Current assets
Debtors 5 298,676 308,685
Cash at bank 38,819 30,294
337,495 338,979
Creditors
Amounts falling due within one year 6 83,583 66,064
Net current assets 253,912 272,915
Total assets less current liabilities 268,291 292,087

Creditors
Amounts falling due after more than one
year

7

(25,645

)

(35,876

)

Provisions for liabilities (2,732 ) (3,643 )
Net assets 239,914 252,568

Capital and reserves
Called up share capital 7 6
Retained earnings 239,907 252,562
239,914 252,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Intelligent Storage WGC Ltd (Registered number: 07542487)

Balance Sheet - continued
28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:





P G Smith - Director


Intelligent Storage WGC Ltd (Registered number: 07542487)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Intelligent Storage WGC Ltd 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.

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.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Intelligent Storage WGC Ltd (Registered number: 07542487)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 25,606 1,665 27,271
DEPRECIATION
At 1 March 2022 6,434 1,665 8,099
Charge for year 4,793 - 4,793
At 28 February 2023 11,227 1,665 12,892
NET BOOK VALUE
At 28 February 2023 14,379 - 14,379
At 28 February 2022 19,172 - 19,172

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 75,084 54,888
Other debtors 223,282 253,281
Directors' loan accounts - 4
Prepayments 310 512
298,676 308,685

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 10,000 10,000
Trade creditors 32,717 26,834
Tax 4,979 5,436
VAT 35,090 22,993
Directors' loan accounts 67 71
Accrued expenses 730 730
83,583 66,064

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans 25,645 35,876