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Company Registration No. 09877149 (England and Wales)
WIOFY LTD Unaudited accounts for the year ended 31 March 2024
WIOFY LTD Unaudited accounts Contents
Page
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WIOFY LTD Company Information for the year ended 31 March 2024
Director
Luxson Mbizi
Company Number
09877149 (England and Wales)
Registered Office
15 The Arches Industrial Estate Koco Community Resource Centre Coventry CV1 3JQ
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WIOFY LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
357,076 
458,484 
Current assets
Debtors
228,107 
216,625 
Cash at bank and in hand
(5,129)
10,117 
222,978 
226,742 
Creditors: amounts falling due within one year
(481,195)
(389,791)
Net current liabilities
(258,217)
(163,049)
Total assets less current liabilities
98,859 
295,435 
Creditors: amounts falling due after more than one year
(291,440)
(338,031)
Net liabilities
(192,581)
(42,596)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(192,681)
(42,696)
Shareholders' funds
(192,581)
(42,596)
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 1 October 2024 and were signed on its behalf by
Luxson Mbizi Director Company Registration No. 09877149
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WIOFY LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
WIOFY LTD is a private company, limited by shares, registered in England and Wales, registration number 09877149. The registered office is 15 The Arches Industrial Estate, Koco Community Resource Centre, Coventry, CV1 3JQ.
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:
Plant & machinery
20% straight line
Motor vehicles
15% reducing balance
Computer equipment
33% straight line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
26,000 
503,445 
936 
530,381 
At 31 March 2024
26,000 
503,445 
936 
530,381 
Depreciation
At 1 April 2023
10,400 
60,873 
624 
71,897 
Charge for the year
5,200 
95,896 
312 
101,408 
At 31 March 2024
15,600 
156,769 
936 
173,305 
Net book value
At 31 March 2024
10,400 
346,676 
- 
357,076 
At 31 March 2023
15,600 
442,572 
312 
458,484 
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WIOFY LTD Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
161,865 
165,520 
Accrued income and prepayments
14,440 
14,440 
Other debtors
51,802 
36,665 
228,107 
216,625 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
38,497 
VAT
(11,998)
(39,721)
Trade creditors
42,405 
24,469 
Taxes and social security
1,865 
16,754 
Other creditors
13,039 
62,780 
Loans from directors
280,184 
287,012 
Accruals
155,700 
- 
481,195 
389,791 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
237,118 
281,178 
Other creditors
54,322 
- 
Loans from directors
- 
56,853 
291,440 
338,031 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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