Wightwick Uk Ltd 11265190 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Buying And Selling Of Own Real Estate Digita Accounts Production Advanced 6.30.9574.0 true true 11265190 2022-04-01 2023-03-31 11265190 2023-03-31 11265190 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11265190 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 11265190 core:OfficeEquipment 2023-03-31 11265190 bus:SmallEntities 2022-04-01 2023-03-31 11265190 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11265190 bus:AbridgedAccounts 2022-04-01 2023-03-31 11265190 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 11265190 bus:RegisteredOffice 2022-04-01 2023-03-31 11265190 bus:Director1 2022-04-01 2023-03-31 11265190 bus:Director3 2022-04-01 2023-03-31 11265190 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11265190 core:OfficeEquipment 2022-04-01 2023-03-31 11265190 countries:England 2022-04-01 2023-03-31 11265190 2021-04-01 2022-03-31 11265190 2022-03-31 11265190 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 11265190 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 11265190

Wightwick Uk Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2023

 

Wightwick Uk Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Wightwick Uk Ltd

Company Information

Directors

Mr Amandeep Saini

Mrs Surjit Kaur Saini

Registered office

14 High Street
Tettenhall
Wolverhampton
West Midlands
WV6 8QT

Accountants

Onyx Accountants Limited
Chartered Management Accountants
Onyx House
12 Phoenix Business Park
Avenue Close
Birmingham
West Midlands
B7 4NU

 

Wightwick Uk Ltd

(Registration number: 11265190)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

235

-

Current assets

 

Stocks

120,131

-

Cash at bank and in hand

 

192,369

189,825

 

312,500

189,825

Creditors: Amounts falling due within one year

(202,932)

(108,859)

Net current assets

 

109,568

80,966

Total assets less current liabilities

 

109,803

80,966

Creditors: Amounts falling due after more than one year

(23,333)

(33,333)

Accruals and deferred income

 

(1,200)

(1,200)

Net assets

 

85,270

46,433

Capital and reserves

 

Called up share capital

100

100

Retained earnings

85,170

46,333

Shareholders' funds

 

85,270

46,433

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 December 2023 and signed on its behalf by:
 

 

Wightwick Uk Ltd

(Registration number: 11265190)
Abridged Balance Sheet as at 31 March 2023

.........................................
Mr Amandeep Saini
Director

 

Wightwick Uk Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
14 High Street
Tettenhall
Wolverhampton
West Midlands
WV6 8QT
England

These financial statements were authorised for issue by the Board on 21 December 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Wightwick Uk Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% on straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Wightwick Uk Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

Additions

313

313

At 31 March 2023

313

313

Depreciation

Charge for the year

78

78

At 31 March 2023

78

78

Carrying amount

At 31 March 2023

235

235

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.