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REGISTERED NUMBER: 05671223 (England and Wales)










Unaudited Financial Statements for the Year Ended 5 April 2024

for

WIDE ANGLE SOFTWARE LIMITED

WIDE ANGLE SOFTWARE LIMITED (REGISTERED NUMBER: 05671223)

Contents of the Financial Statements
for the Year Ended 5 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

WIDE ANGLE SOFTWARE LIMITED

Company Information
for the Year Ended 5 April 2024







DIRECTORS: N R Benson
Dr M Benson





SECRETARY: Dr M Benson





REGISTERED OFFICE: Suite 4
St. Johns House
Weston Road
Stafford
Staffordshire
ST16 3RZ





REGISTERED NUMBER: 05671223 (England and Wales)





ACCOUNTANTS: CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW

WIDE ANGLE SOFTWARE LIMITED (REGISTERED NUMBER: 05671223)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 71,355 80,251
Investment property 5 600,727 600,727
672,082 680,978

CURRENT ASSETS
Debtors 6 87,422 66,088
Cash at bank 1,962,631 2,162,487
2,050,053 2,228,575
CREDITORS
Amounts falling due within one year 7 153,588 189,707
NET CURRENT ASSETS 1,896,465 2,038,868
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,568,547

2,719,846

CREDITORS
Amounts falling due after more than one year 8 (1,900,283 ) (1,417,420 )

PROVISIONS FOR LIABILITIES (17,839 ) (20,623 )
NET ASSETS 650,425 1,281,803

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 650,423 1,281,801
SHAREHOLDERS' FUNDS 650,425 1,281,803

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:




Dr M Benson - Director


WIDE ANGLE SOFTWARE LIMITED (REGISTERED NUMBER: 05671223)

Notes to the Financial Statements
for the Year Ended 5 April 2024


1. STATUTORY INFORMATION

Wide Angle Software 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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for the assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year.

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.
Fixtures and fittings - 20% on cost
Motor vehicles - 15% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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 year 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

WIDE ANGLE SOFTWARE LIMITED (REGISTERED NUMBER: 05671223)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 6 April 2023 7,789 103,080 21,300 132,169
Additions (1 ) - 6,802 6,801
Disposals (335 ) - (4,953 ) (5,288 )
Impairments (268 ) - (1 ) (269 )
At 5 April 2024 7,185 103,080 23,148 133,413
DEPRECIATION
At 6 April 2023 6,766 33,697 11,455 51,918
Charge for year 619 10,408 2,844 13,871
Eliminated on disposal (276 ) - (3,186 ) (3,462 )
Impairments (268 ) - (1 ) (269 )
At 5 April 2024 6,841 44,105 11,112 62,058
NET BOOK VALUE
At 5 April 2024 344 58,975 12,036 71,355
At 5 April 2023 1,023 69,383 9,845 80,251

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023
and 5 April 2024 600,727
NET BOOK VALUE
At 5 April 2024 600,727
At 5 April 2023 600,727

The property has not been valued by an independent valuer. The directors having assessed the current property market and considered the fair value of the building and the value in the balance sheet is considered appropriate.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade debtors 71,426 55,856
Other debtors 15,996 10,232
87,422 66,088

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Bank loans and overdrafts 622 1,046
Trade creditors 97 351
Taxation and social security 139,284 171,104
Other creditors 13,585 17,206
153,588 189,707

WIDE ANGLE SOFTWARE LIMITED (REGISTERED NUMBER: 05671223)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
5.4.24 5.4.23
£    £   
Other creditors 1,900,283 1,417,420

Other creditors after one year represent amounts owed to the parent company, Wide Angle Holdings Limited and is deemed fully repayable in one year and one day from the balance sheet date.

9. ULTIMATE CONTROLLING PARTY

The company is a 100% subsidiary of Wide Angle Holdings Limited, which is owned 50:50 by the directors of Wide Angle Software Limited.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Wide Angle Software Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wide Angle Software Limited for the year ended 5 April 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Wide Angle Software Limited, as a body, in accordance with the terms of our engagement letter dated 1 June 2012. Our work has been undertaken solely to prepare for your approval the financial statements of Wide Angle Software Limited and state those matters that we have agreed to state to the Board of Directors of Wide Angle Software Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wide Angle Software Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wide Angle Software Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wide Angle Software Limited. You consider that Wide Angle Software Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wide Angle Software Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW


29 November 2024