IRIS Accounts Production v24.3.0.553 14605703 Board of Directors 20.1.23 31.1.24 31.1.24 wholesale of textiles and retail sale of textiles. false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh146057032023-01-19146057032024-01-31146057032023-01-202024-01-31146057032023-01-1914605703ns15:EnglandWales2023-01-202024-01-3114605703ns14:PoundSterling2023-01-202024-01-3114605703ns10:Director12023-01-202024-01-3114605703ns10:PrivateLimitedCompanyLtd2023-01-202024-01-3114605703ns10:SmallEntities2023-01-202024-01-3114605703ns10:AuditExempt-NoAccountantsReport2023-01-202024-01-3114605703ns10:SmallCompaniesRegimeForDirectorsReport2023-01-202024-01-3114605703ns10:SmallCompaniesRegimeForAccounts2023-01-202024-01-3114605703ns10:FullAccounts2023-01-202024-01-3114605703ns10:Director22023-01-202024-01-3114605703ns10:RegisteredOffice2023-01-202024-01-3114605703ns5:CurrentFinancialInstruments2024-01-3114605703ns5:RetainedEarningsAccumulatedLosses2024-01-3114605703ns5:PlantMachinery2023-01-202024-01-3114605703ns5:OwnedAssets2023-01-202024-01-3114605703ns5:PlantMachinery2024-01-31
REGISTERED NUMBER: 14605703 (England and Wales)















Report of the Directors and

Unaudited Financial Statements

for the Period 20 January 2023 to 31 January 2024

for

Wittypoint Limited

Wittypoint Limited (Registered number: 14605703)






Contents of the Financial Statements
for the Period 20 January 2023 to 31 January 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Wittypoint Limited

Company Information
for the Period 20 January 2023 to 31 January 2024







DIRECTORS: S Barakas
Ms L Barakas





REGISTERED OFFICE: 179 Regents Park Road
London
N3 3PB





REGISTERED NUMBER: 14605703 (England and Wales)





ACCOUNTANTS: Cameron Baum Davis LLP
88 Crawford Street
London
W1H 2EJ

Wittypoint Limited (Registered number: 14605703)

Report of the Directors
for the Period 20 January 2023 to 31 January 2024

The directors present their report with the financial statements of the company for the period 20 January 2023 to 31 January 2024.

INCORPORATION
The company was incorporated on 20 January 2023 and commenced trading on the same date.

DIRECTORS
The directors who have held office during the period from 20 January 2023 to the date of this report are as follows:

S Barakas - appointed 20 January 2023
Ms L Barakas - appointed 20 January 2023

Both the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S Barakas - Director


18 November 2024

Wittypoint Limited (Registered number: 14605703)

Income Statement
for the Period 20 January 2023 to 31 January 2024

Notes £   

TURNOVER 183

Cost of sales (10,221 )
GROSS LOSS (10,038 )

Administrative expenses (13,514 )
OPERATING LOSS and
LOSS BEFORE TAXATION (23,552 )

Tax on loss -
LOSS FOR THE FINANCIAL PERIOD (23,552 )

Wittypoint Limited (Registered number: 14605703)

Balance Sheet
31 January 2024

Notes £   
FIXED ASSETS
Tangible assets 5 2,474

CURRENT ASSETS
Stocks 21,271
Cash at bank 2,629
23,900
CREDITORS
Amounts falling due within one year 6 (49,926 )
NET CURRENT LIABILITIES (26,026 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(23,552

)

RESERVES
Retained earnings (23,552 )
(23,552 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:





S Barakas - Director


Wittypoint Limited (Registered number: 14605703)

Notes to the Financial Statements
for the Period 20 January 2023 to 31 January 2024

1. STATUTORY INFORMATION

Wittypoint 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.
Plant and machinery etc - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. OPERATING LOSS

The operating loss is stated after charging:

£   
Depreciation - owned assets 1,237

Wittypoint Limited (Registered number: 14605703)

Notes to the Financial Statements - continued
for the Period 20 January 2023 to 31 January 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 3,711
At 31 January 2024 3,711
DEPRECIATION
Charge for period 1,237
At 31 January 2024 1,237
NET BOOK VALUE
At 31 January 2024 2,474

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 2,854
Other creditors 47,072
49,926