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Company Registration No. 11763708 (England and Wales)
W.I.S.C Isle of Wight Ltd Unaudited accounts for the year ended 31 January 2024
W.I.S.C Isle of Wight Ltd Unaudited accounts Contents
Page
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W.I.S.C Isle of Wight Ltd Company Information for the year ended 31 January 2024
Directors
John Elford Annabelle Elford
Company Number
11763708 (England and Wales)
Registered Office
Somerton Lodge 43 Victoria Avenue Shanklin Isle of Wight PO37 6LT
Accountants
Vision Accounting Fortis House Cothey Way Ryde Isle of Wight PO33 1QT
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W.I.S.C Isle of Wight Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
612,407 
625,941 
Current assets
Debtors
670 
1,509 
Cash at bank and in hand
227 
224 
897 
1,733 
Creditors: amounts falling due within one year
(267,838)
(282,112)
Net current liabilities
(266,941)
(280,379)
Total assets less current liabilities
345,466 
345,562 
Creditors: amounts falling due after more than one year
(352,825)
(366,061)
Net liabilities
(7,359)
(20,499)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(7,361)
(20,501)
Shareholders' funds
(7,359)
(20,499)
For the year ending 31 January 2024 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 1 August 2024 and were signed on its behalf by
John Elford Director Company Registration No. 11763708
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W.I.S.C Isle of Wight Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
W.I.S.C Isle of Wight Ltd is a private company, limited by shares, registered in England and Wales, registration number 11763708. The registered office is Somerton Lodge, 43 Victoria Avenue, Shanklin, Isle of Wight, PO37 6LT.
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:
Land & buildings
2% Straight Line
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 February 2023
676,693 
At 31 January 2024
676,693 
Depreciation
At 1 February 2023
50,752 
Charge for the year
13,534 
At 31 January 2024
64,286 
Net book value
At 31 January 2024
612,407 
At 31 January 2023
625,941 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
148 
Trade debtors
- 
855 
Other debtors
670 
506 
670 
1,509 
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W.I.S.C Isle of Wight Ltd Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
46,990 
43,141 
VAT
272 
- 
Taxes and social security
- 
2,567 
Other creditors
96,493 
112,860 
Loans from directors
123,583 
123,044 
Accruals
500 
500 
267,838 
282,112 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
352,825 
366,061 
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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