Registered number
08608590
Wand Technology Limited
Unaudited Filleted Accounts
31 July 2023
Wand Technology Limited
Registered number: 08608590
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,155 3,944
Current assets
Debtors 4 - 850
Cash at bank and in hand 351 1,615
351 2,465
Creditors: amounts falling due within one year 5 (1,104) (18)
Net current (liabilities)/assets (753) 2,447
Net assets 2,402 6,391
Capital and reserves
Called up share capital 82 82
Share premium 69,990 69,990
Profit and loss account (67,670) (63,681)
Shareholders' funds 2,402 6,391
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L Horwich
Director
Approved by the board on 12 April 2024
Wand Technology Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
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).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 4,930
At 31 July 2023 4,930
Depreciation
At 1 August 2022 986
Charge for the year 789
At 31 July 2023 1,775
Net book value
At 31 July 2023 3,155
At 31 July 2022 3,944
4 Debtors 2023 2022
£ £
Trade debtors - 850
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,104 -
Other creditors - 18
1,104 18
6 Controlling party
No single party holds enough shares to control the company.
7 Other information
Wand Technology Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 4, The Cottages
Deva City Office Park
Trinity Way
Manchester
M3 7BE
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