2023-03-012024-02-292024-02-29false13195416WHEATSTONE SOLUTIONS 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WHEATSTONE SOLUTIONS LIMITED

Registered Number
13195416
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

WHEATSTONE SOLUTIONS LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

ELLIS, Christopher

Registered Address

11 Wheatstone Road
Southsea
PO4 0LJ

Registered Number

13195416 (England and Wales)
WHEATSTONE SOLUTIONS LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,567748
2,567748
Current assets
Debtors1,81725,268
Cash at bank and on hand126,49498,699
128,311123,967
Creditors amounts falling due within one year4(22,175)(26,606)
Net current assets (liabilities)106,13697,361
Total assets less current liabilities108,70398,109
Net assets108,70398,109
Capital and reserves
Called up share capital101101
Profit and loss account108,60298,008
Shareholders' funds108,70398,109
The financial statements were approved and authorised for issue by the Director on 16 April 2024, and are signed on its behalf by:
ELLIS, Christopher
Director
Registered Company No. 13195416
WHEATSTONE SOLUTIONS LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment5
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 March 23943943
Additions2,1812,181
At 29 February 243,1243,124
Depreciation and impairment
At 01 March 23195195
Charge for year362362
At 29 February 24557557
Net book value
At 29 February 242,5672,567
At 28 February 23748748
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables737737
Bank borrowings and overdrafts1,050-
Taxation and social security20,38825,869
Total22,17526,606