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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
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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
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WIZBIT INTERNET SERVICES LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
305,595 
320,154 
Current assets
Inventories
86,300 
62,510 
Debtors
175,329 
148,675 
Cash at bank and in hand
44,700 
144,386 
306,329 
355,571 
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 
Capital and reserves
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
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WIZBIT INTERNET SERVICES LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
- 
75,162 
75,162 
At 31 March 2023
833 
726,366 
727,199 
Depreciation
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 
Net book value
At 31 March 2023
135 
305,460 
305,595 
At 31 March 2022
180 
319,974 
320,154 
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WIZBIT INTERNET SERVICES LTD Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
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 
175,329 
148,675 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,005 
14,874 
VAT
20,746 
21,250 
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 
Other creditors
48 
83 
Accruals
800 
1,040 
102,786 
103,468 
7
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 
167,860 
237,887 
8
Average number of employees
During the year the average number of employees was 25 (2022: 25).
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