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REGISTERED NUMBER: 08731706 (England and Wales)












Unaudited Financial Statements

for the Period 1 October 2022 to 31 March 2024

for

Wizard Developments Limited

Wizard Developments Limited (Registered number: 08731706)






Contents of the Financial Statements
for the period 1 October 2022 to 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Wizard Developments Limited

Company Information
for the period 1 October 2022 to 31 March 2024







DIRECTORS: M I D'ivry
Mrs K D D'Ivry





SECRETARY:





REGISTERED OFFICE: Williamston House
7 Goat Street
HAVERFORDWEST
Pembrokeshire
SA61 1PX





REGISTERED NUMBER: 08731706 (England and Wales)

Wizard Developments Limited (Registered number: 08731706)

Abridged Balance Sheet
31 March 2024

31.3.24 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,579 81,442
Investments 5 1 1
58,580 81,443

CURRENT ASSETS
Stocks - 113,806
Debtors 321,754 517,268
Cash at bank 169,943 20,506
491,697 651,580
CREDITORS
Amounts falling due within one year 97,905 302,953
NET CURRENT ASSETS 393,792 348,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

452,372

430,070

CREDITORS
Amounts falling due after more than one year (37,236 ) (80,116 )

PROVISIONS FOR LIABILITIES (11,130 ) (15,474 )
NET ASSETS 404,006 334,480

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 404,002 334,476
SHAREHOLDERS' FUNDS 404,006 334,480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Wizard Developments Limited (Registered number: 08731706)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2024 and were signed on its behalf by:





M I D'ivry - Director


Wizard Developments Limited (Registered number: 08731706)

Notes to the Financial Statements
for the period 1 October 2022 to 31 March 2024

1. STATUTORY INFORMATION

Wizard Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Wizard Developments Limited (Registered number: 08731706)

Notes to the Financial Statements - continued
for the period 1 October 2022 to 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022 130,421
Additions 11,313
Disposals (27,900 )
At 31 March 2024 113,834
DEPRECIATION
At 1 October 2022 48,979
Charge for period 17,176
Eliminated on disposal (10,900 )
At 31 March 2024 55,255
NET BOOK VALUE
At 31 March 2024 58,579
At 30 September 2022 81,442

Wizard Developments Limited (Registered number: 08731706)

Notes to the Financial Statements - continued
for the period 1 October 2022 to 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 October 2022 96,951
Transfer to ownership (58,951 )
At 31 March 2024 38,000
DEPRECIATION
At 1 October 2022 38,358
Charge for period 7,268
Transfer to ownership (32,657 )
At 31 March 2024 12,969
NET BOOK VALUE
At 31 March 2024 25,031
At 30 September 2022 58,593

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 October 2022
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 30 September 2022 1