2023-04-012024-03-312024-03-31false12517891WISTL GROUP LTD2024-09-0570210iso4217:GBPxbrli:pure125178912023-04-01125178912024-03-31125178912023-04-012024-03-31125178912022-04-01125178912023-03-31125178912022-04-012023-03-3112517891bus:SmallEntities2023-04-012024-03-3112517891bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3112517891bus:AbridgedAccounts2023-04-012024-03-3112517891bus:PrivateLimitedCompanyLtd2023-04-012024-03-3112517891core:WithinOneYear2024-03-3112517891core:AfterOneYear2024-03-3112517891core:WithinOneYear2023-03-3112517891core:AfterOneYear2023-03-3112517891core:ShareCapital2024-03-3112517891core:SharePremium2024-03-3112517891core:RevaluationReserve2024-03-3112517891core:OtherReservesSubtotal2024-03-3112517891core:RetainedEarningsAccumulatedLosses2024-03-3112517891core:ShareCapital2023-03-3112517891core:SharePremium2023-03-3112517891core:RevaluationReserve2023-03-3112517891core:OtherReservesSubtotal2023-03-3112517891core:RetainedEarningsAccumulatedLosses2023-03-3112517891core:LandBuildings2024-03-3112517891core:PlantMachinery2024-03-3112517891core:Vehicles2024-03-3112517891core:FurnitureFittings2024-03-3112517891core:OfficeEquipment2024-03-3112517891core:NetGoodwill2024-03-3112517891core:IntangibleAssetsOtherThanGoodwill2024-03-3112517891core:ListedExchangeTraded2024-03-3112517891core:UnlistedNon-exchangeTraded2024-03-3112517891core:LandBuildings2023-03-3112517891core:PlantMachinery2023-03-3112517891core:Vehicles2023-03-3112517891core:FurnitureFittings2023-03-3112517891core:OfficeEquipment2023-03-3112517891core:NetGoodwill2023-03-3112517891core:IntangibleAssetsOtherThanGoodwill2023-03-3112517891core:ListedExchangeTraded2023-03-3112517891core:UnlistedNon-exchangeTraded2023-03-3112517891core:LandBuildings2023-04-012024-03-3112517891core:PlantMachinery2023-04-012024-03-3112517891core:Vehicles2023-04-012024-03-3112517891core:FurnitureFittings2023-04-012024-03-3112517891core:OfficeEquipment2023-04-012024-03-3112517891core:NetGoodwill2023-04-012024-03-3112517891core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3112517891core:ListedExchangeTraded2023-04-012024-03-3112517891core:UnlistedNon-exchangeTraded2023-04-012024-03-3112517891core:MoreThanFiveYears2023-04-012024-03-3112517891core:Non-currentFinancialInstruments2024-03-3112517891core:Non-currentFinancialInstruments2023-03-3112517891dpl:CostSales2023-04-012024-03-3112517891dpl:DistributionCosts2023-04-012024-03-3112517891core:LandBuildings2023-04-012024-03-3112517891core:PlantMachinery2023-04-012024-03-3112517891core:Vehicles2023-04-012024-03-3112517891core:FurnitureFittings2023-04-012024-03-3112517891core:OfficeEquipment2023-04-012024-03-3112517891dpl:AdministrativeExpenses2023-04-012024-03-3112517891core:NetGoodwill2023-04-012024-03-3112517891core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3112517891dpl:GroupUndertakings2023-04-012024-03-3112517891dpl:ParticipatingInterests2023-04-012024-03-3112517891dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3112517891core:ListedExchangeTraded2023-04-012024-03-3112517891dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3112517891core:UnlistedNon-exchangeTraded2023-04-012024-03-3112517891dpl:CostSales2022-04-012023-03-3112517891dpl:DistributionCosts2022-04-012023-03-3112517891core:LandBuildings2022-04-012023-03-3112517891core:PlantMachinery2022-04-012023-03-3112517891core:Vehicles2022-04-012023-03-3112517891core:FurnitureFittings2022-04-012023-03-3112517891core:OfficeEquipment2022-04-012023-03-3112517891dpl:AdministrativeExpenses2022-04-012023-03-3112517891core:NetGoodwill2022-04-012023-03-3112517891core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3112517891dpl:GroupUndertakings2022-04-012023-03-3112517891dpl:ParticipatingInterests2022-04-012023-03-3112517891dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3112517891core:ListedExchangeTraded2022-04-012023-03-3112517891dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3112517891core:UnlistedNon-exchangeTraded2022-04-012023-03-3112517891core:NetGoodwill2024-03-3112517891core:IntangibleAssetsOtherThanGoodwill2024-03-3112517891core:LandBuildings2024-03-3112517891core:PlantMachinery2024-03-3112517891core:Vehicles2024-03-3112517891core:FurnitureFittings2024-03-3112517891core:OfficeEquipment2024-03-3112517891core:AfterOneYear2024-03-3112517891core:WithinOneYear2024-03-3112517891core:ListedExchangeTraded2024-03-3112517891core:UnlistedNon-exchangeTraded2024-03-3112517891core:ShareCapital2024-03-3112517891core:SharePremium2024-03-3112517891core:RevaluationReserve2024-03-3112517891core:OtherReservesSubtotal2024-03-3112517891core:RetainedEarningsAccumulatedLosses2024-03-3112517891core:NetGoodwill2023-03-3112517891core:IntangibleAssetsOtherThanGoodwill2023-03-3112517891core:LandBuildings2023-03-3112517891core:PlantMachinery2023-03-3112517891core:Vehicles2023-03-3112517891core:FurnitureFittings2023-03-3112517891core:OfficeEquipment2023-03-3112517891core:AfterOneYear2023-03-3112517891core:WithinOneYear2023-03-3112517891core:Liste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WISTL GROUP LTD

Registered Number
12517891
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

WISTL GROUP LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

LARKIN, William Stephen

Registered Address

Innovation Northumbria Incubator
115 Newbridge Street
Newcastle Upon Tyne
NE1 8ST

Registered Number

12517891 (England and Wales)
WISTL GROUP LTD
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets36,2216,244
6,2216,244
Current assets
Debtors18,13629,482
Cash at bank and on hand20,50823,335
38,64452,817
Creditors amounts falling due within one year(13,198)(22,034)
Net current assets (liabilities)25,44630,783
Total assets less current liabilities31,66737,027
Net assets31,66737,027
Capital and reserves
Called up share capital100100
Profit and loss account31,56736,927
Shareholders' funds31,66737,027
The financial statements were approved and authorised for issue by the Director on 5 September 2024, and are signed on its behalf by:
LARKIN, William Stephen
Director
Registered Company No. 12517891
WISTL GROUP LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery10-
Fixtures and fittings-5
Office Equipment-4
2.Average number of employees

20242023
Average number of employees during the year21
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 238,340
Additions860
At 31 March 249,200
Depreciation and impairment
At 01 April 232,095
Charge for year884
At 31 March 242,979
Net book value
At 31 March 246,221
At 31 March 236,244