Company registration number 07099080 (England and Wales)
WIZZFX LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
WIZZFX LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
WIZZFX LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
5,042
6,315
Current assets
Debtors
4
22,379
33,683
Cash at bank and in hand
8,893
34,311
31,272
67,994
Creditors: amounts falling due within one year
5
(35,835)
(70,292)
Net current liabilities
(4,563)
(2,298)
Net assets
479
4,017
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
477
4,015
Total equity
479
4,017

For the financial year ended 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 November 2024 and are signed on its behalf by:
C Nicoll
Director
Company registration number 07099080 (England and Wales)
WIZZFX LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

Wizzfx Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5a Bear Lane, Southwark, London, United Kingdom, SE1 0UH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% reducing balance
Plant and equipment
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.6
Leases
WIZZFX LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023
23,516
Additions
1,120
Disposals
(13,259)
At 31 March 2024
11,377
Depreciation and impairment
At 1 April 2023
17,201
Depreciation charged in the year
1,059
Eliminated in respect of disposals
(11,925)
At 31 March 2024
6,335
Carrying amount
At 31 March 2024
5,042
At 31 March 2023
6,315
WIZZFX LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
22,321
33,683
Corporation tax recoverable
58
-
0
22,379
33,683
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
84
-
0
Corporation tax
-
0
11,096
Other taxation and social security
1,753
8,313
Other creditors
33,998
50,883
35,835
70,292
2024-03-312023-04-01false26 November 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityMr Chris NicollMrs Joanne Nicollfalsefalse070990802023-04-012024-03-31070990802024-03-31070990802023-03-3107099080core:OtherPropertyPlantEquipment2024-03-3107099080core:OtherPropertyPlantEquipment2023-03-3107099080core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3107099080core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3107099080core:CurrentFinancialInstruments2024-03-3107099080core:CurrentFinancialInstruments2023-03-3107099080core:ShareCapital2024-03-3107099080core:ShareCapital2023-03-3107099080core:RetainedEarningsAccumulatedLosses2024-03-3107099080core:RetainedEarningsAccumulatedLosses2023-03-3107099080bus:Director12023-04-012024-03-3107099080core:FurnitureFittings2023-04-012024-03-3107099080core:ComputerEquipment2023-04-012024-03-31070990802022-04-012023-03-3107099080core:OtherPropertyPlantEquipment2023-03-3107099080core:OtherPropertyPlantEquipment2023-04-012024-03-3107099080bus:PrivateLimitedCompanyLtd2023-04-012024-03-3107099080bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107099080bus:FRS1022023-04-012024-03-3107099080bus:AuditExemptWithAccountantsReport2023-04-012024-03-3107099080bus:Director22023-04-012024-03-3107099080bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP