Witwam Limited 06163430 false 2022-06-01 2023-10-31 2023-10-31 The principal activity of the company is 62020 - Information technology consultancy activities Digita Accounts Production Advanced 6.30.9574.0 true false 06163430 2022-06-01 2023-10-31 06163430 2023-10-31 06163430 core:RetainedEarningsAccumulatedLosses 2023-10-31 06163430 core:ShareCapital 2023-10-31 06163430 core:CurrentFinancialInstruments 2023-10-31 06163430 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 06163430 core:FurnitureFittings 2023-10-31 06163430 core:OfficeEquipment 2023-10-31 06163430 bus:SmallEntities 2022-06-01 2023-10-31 06163430 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-10-31 06163430 bus:FullAccounts 2022-06-01 2023-10-31 06163430 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-10-31 06163430 bus:RegisteredOffice 2022-06-01 2023-10-31 06163430 bus:Director1 2022-06-01 2023-10-31 06163430 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-10-31 06163430 core:ComputerEquipment 2022-06-01 2023-10-31 06163430 core:FurnitureFittings 2022-06-01 2023-10-31 06163430 core:FurnitureFittingsToolsEquipment 2022-06-01 2023-10-31 06163430 core:OfficeEquipment 2022-06-01 2023-10-31 06163430 1 2022-06-01 2023-10-31 06163430 countries:EnglandWales 2022-06-01 2023-10-31 06163430 2022-05-31 06163430 core:FurnitureFittings 2022-05-31 06163430 core:OfficeEquipment 2022-05-31 06163430 2021-06-01 2022-05-31 06163430 2022-05-31 06163430 core:RetainedEarningsAccumulatedLosses 2022-05-31 06163430 core:ShareCapital 2022-05-31 06163430 core:CurrentFinancialInstruments 2022-05-31 06163430 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 06163430 core:FurnitureFittings 2022-05-31 06163430 core:OfficeEquipment 2022-05-31 iso4217:GBP xbrli:pure

Registration number: 06163430

Witwam Limited

Annual Report and Unaudited Financial Statements- Companies house filing

for the Period from 1 June 2022 to 31 October 2023

 

Witwam Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Witwam Limited

(Registration number: 06163430)
Statement of Financial Position as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

985

Current assets

 

Debtors

5

54,033

35,348

Cash at bank and in hand

 

56,882

80,881

 

110,915

116,229

Creditors: Amounts falling due within one year

6

(29,428)

(35,155)

Net current assets

 

81,487

81,074

Net assets

 

81,487

82,059

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

81,387

81,959

Shareholders' funds

 

81,487

82,059

For the financial period ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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 provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the director on 18 March 2024
 

.........................................
Mr J Marchant
Director

 

Witwam Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2022 to 31 October 2023

1

General information

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

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY. United Kingdom.

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 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 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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure of long or short period

The financial statements have been lengthened as it is the director's intention to cease trading at the 31 October 2023, and as a result, the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

Going concern

The financial statements have been prepared on a break-up basis and not a going concern basis as the director intends to wind up the company within 12 months of the reporting date.

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 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.

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in “other income” within profit or loss in the same period as the related expenditure.

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.

 

Witwam Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2022 to 31 October 2023

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.

Tangible assets

Tangible assets are stated in the statement of financial position 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

Fixtures and fittings

25% reducing balance

Computer equipment

25% straight line

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

 

Witwam Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2022 to 31 October 2023

3

Staff numbers

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

4

Tangible assets

Fixtures and fittings
£

Computer equipment
£

Total
£

Cost or valuation

At 1 June 2022

1,217

5,097

6,314

Additions

-

266

266

Disposals

(1,217)

(5,363)

(6,580)

At 31 October 2023

-

-

-

Depreciation

At 1 June 2022

1,148

4,181

5,329

Eliminated on disposal

(1,148)

(4,181)

(5,329)

At 31 October 2023

-

-

-

Carrying amount

At 31 October 2023

-

-

-

At 31 May 2022

69

916

985

5

Debtors

2023
£

2022
£

Trade debtors

-

35,100

Other debtors

54,033

248

54,033

35,348

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Taxation and social security

27,228

32,752

Accruals and deferred income

2,200

1,600

Other creditors

-

803

29,428

35,155