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WSI Digital Limited

Registered Number
NI614876
(Northern Ireland)

Unaudited Financial Statements for the Year ended
31 October 2023

WSI Digital Limited
Company Information
for the year from 1 November 2022 to 31 October 2023

Directors

Michael Terence Roger Pearson
Peter Denis Wilson

Registered Address

Ch10, Colvin House Carrowreagh Road
Dundonald
Belfast
BT16 1QT

Registered Number

NI614876 (Northern Ireland)
WSI Digital Limited
Balance Sheet as at
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets31,8092,050
Tangible assets41,3932,080
Investment property580,00080,000
83,20284,130
Current assets
Debtors677,682109,307
Cash at bank and on hand29,9015,946
107,583115,253
Creditors amounts falling due within one year7(134,520)(130,603)
Net current assets (liabilities)(26,937)(15,350)
Total assets less current liabilities56,26568,780
Creditors amounts falling due after one year8(15,894)(25,934)
Net assets40,37142,846
Capital and reserves
Called up share capital100100
Profit and loss account40,27142,746
Shareholders' funds40,37142,846
The financial statements were approved and authorised for issue by the Board of Directors on 25 October 2024, and are signed on its behalf by:
Michael Terence Roger Pearson
Director
Peter Denis Wilson
Director

Registered Company No. NI614876
WSI Digital Limited
Notes to the Financial Statements
for the year ended 31 October 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Northern Ireland. 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.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
Intangible assets
Intangible fixed assets are included at cost less accumulated amortisation.
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:

Reducing balance (%)
Fixtures and fittings33
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20232022
Average number of employees during the year43
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 November 222,4122,412
At 31 October 232,4122,412
Amortisation and impairment
At 01 November 22362362
Charge for year241241
At 31 October 23603603
Net book value
At 31 October 231,8091,809
At 31 October 222,0502,050
4.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 November 229,2649,264
At 31 October 239,2649,264
Depreciation and impairment
At 01 November 227,1847,184
Charge for year687687
At 31 October 237,8717,871
Net book value
At 31 October 231,3931,393
At 31 October 222,0802,080
5.Investment property

£
Fair value at 01 November 2280,000
At 31 October 2380,000
6.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables52,21057,380
Other debtors25,47251,927
Total77,682109,307
7.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables-315
Bank borrowings and overdrafts9,9719,899
Taxation and social security107,55891,117
Other creditors16,27226,044
Accrued liabilities and deferred income7193,228
Total134,520130,603
8.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts15,89425,934
Total15,89425,934