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Registered number: 5465931
Wizzkidz (North Wales) Ltd
Unaudited Financial Statements
For The Year Ended 25 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 5465931
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 39,452 50,482
39,452 50,482
CURRENT ASSETS
Stocks 5 14,275 17,200
Debtors 6 8,071 8,762
Cash at bank and in hand 45,944 107,519
68,290 133,481
Creditors: Amounts Falling Due Within One Year 7 (220,960 ) (226,353 )
NET CURRENT ASSETS (LIABILITIES) (152,670 ) (92,872 )
TOTAL ASSETS LESS CURRENT LIABILITIES (113,218 ) (42,390 )
Creditors: Amounts Falling Due After More Than One Year 8 (13,280 ) (23,212 )
NET LIABILITIES (126,498 ) (65,602 )
CAPITAL AND RESERVES
Called up share capital 9 14 14
Profit and Loss Account (126,512 ) (65,616 )
SHAREHOLDERS' FUNDS (126,498) (65,602)
Page 1
Page 2
For the year ending 25 February 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs L Jones
Director
Mr D Jones
Director
Mrs C Littler
Director
21st November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wizzkidz (North Wales) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 5465931 . The registered office is 13 Barry Close, Stanney Oaks, Ellesmere Port, Cheshire, CH65 9HR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold straight line over 10 & 15 years
Fixtures & Fittings 20% reducing balance
Computer Equipment 33% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2023: 26)
26 26
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 26 February 2023 97,618 403,188 18,038 518,844
Additions - - 3,006 3,006
As at 25 February 2024 97,618 403,188 21,044 521,850
...CONTINUED
Page 3
Page 4
Depreciation
As at 26 February 2023 94,053 356,910 17,399 468,362
Provided during the period 3,565 9,256 1,215 14,036
As at 25 February 2024 97,618 366,166 18,614 482,398
Net Book Value
As at 25 February 2024 - 37,022 2,430 39,452
As at 26 February 2023 3,565 46,278 639 50,482
5. Stocks
2024 2023
£ £
Stock 14,275 17,200
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 8,071 8,762
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 81,843 74,215
Bank loans and overdrafts 10,000 10,000
Other taxes and social security 5,823 6,028
VAT 38,647 36,903
Other creditors 5,929 6,062
Accruals and deferred income 18,415 21,414
Directors' loan accounts 60,303 71,731
220,960 226,353
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,280 23,212
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 14 14
Page 4
Page 5
10. Dividends
2024 2023
£ £
On equity shares:
11. Controlling Party
The company's controlling party is directors by virtue of his ownership of 50% of the issued share capital in the company.
Page 5