Company Registration No. 08262738 (England and Wales)
Wight Computers Ltd
Unaudited accounts
for the year ended 31 March 2024
Wight Computers Ltd
Unaudited accounts
Contents
Wight Computers Ltd
Company Information
for the year ended 31 March 2024
Company Number
08262738 (England and Wales)
Registered Office
Unit 2, Ashey Vineyard
Ashey Road
Ryde
Isle of Wight
PO33 4BB
United Kingdom
Accountants
Vision Accounting
Fortis House
Cothey Way
Ryde
Isle of Wight
PO33 1QT
Wight Computers Ltd
Statement of financial position
as at 31 March 2024
Intangible assets
5,625
6,750
Tangible assets
5,361
5,228
Cash at bank and in hand
60,240
66,429
Creditors: amounts falling due within one year
(72,545)
(86,455)
Net current assets
43,879
39,885
Total assets less current liabilities
54,865
51,863
Creditors: amounts falling due after more than one year
(21,705)
(31,723)
Called up share capital
200
200
Profit and loss account
32,960
19,940
Shareholders' funds
33,160
20,140
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 13 September 2024 and were signed on its behalf by
Andrew Nordbruch
Director
Company Registration No. 08262738
Wight Computers Ltd
Notes to the Accounts
for the year ended 31 March 2024
Wight Computers Ltd is a private company, limited by shares, registered in England and Wales, registration number 08262738. The registered office is Unit 2, Ashey Vineyard, Ashey Road, Ryde, Isle of Wight, PO33 4BB, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
Straight Line 33.3%
Fixtures & fittings
Straight Line 33.3%
Computer equipment
Straight Line 33.3%
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation - Straight Line 10%
4
Intangible fixed assets
Other
Wight Computers Ltd
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
1,181
3,135
26,939
31,255
At 31 March 2024
1,181
3,135
30,510
34,826
At 1 April 2023
1,181
2,324
22,522
26,027
Charge for the year
-
405
3,033
3,438
At 31 March 2024
1,181
2,729
25,555
29,465
At 31 March 2024
-
406
4,955
5,361
At 31 March 2023
-
811
4,417
5,228
Amounts falling due within one year
Trade debtors
15,857
21,500
Accrued income and prepayments
33,275
31,436
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,442
7,048
Taxes and social security
20,368
16,778
Loans from directors
3,702
11,908
Deferred income
35,371
36,478
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).