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Registered number: 12035260

Wifly Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023

Prepared By:
R F Love and Company
Chartered Accountant
Holly House
21d, Chudleigh Road
Exeter
Devon
EX2 8TS

Wifly Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
DIRECTORS
Mike Connell
REGISTERED OFFICE
Holly House
21d Chudleigh Road
Exeter
Devon
EX2 8TS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 12035260
ACCOUNTANTS
R F Love and Company
Chartered Accountant
Holly House
21d, Chudleigh Road
Exeter
Devon
EX2 8TS

Wifly Ltd

ACCOUNTS
FOR THEYEARENDED30/06/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Wifly Ltd

BALANCE SHEET AT 30/06/2023
20232022
Notes££
FIXED ASSETS
Tangible assets31,3881,850
CURRENT ASSETS
Stock-7,857
Debtors527,39530,847
Cash at bank and in hand1,15519,172
28,55057,876
CREDITORS: Amounts falling due within one year622,84034,186
NET CURRENT ASSETS5,71023,690
TOTAL ASSETS LESS CURRENT LIABILITIES7,09825,540
CAPITAL AND RESERVES
Called up share capital711
Profit and loss account7,09725,539
SHAREHOLDERS' FUNDS7,09825,540
For the year ending 30/06/2023 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 16/06/2024 and signed on their behalf by
.............................
Mike Connell
Director

Wifly Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20232022
No.No.
Average number of employees11

Wifly Ltd

3. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesTotal
£££
Cost
At 01/07/20222,2452,0004,245
At 30/06/20232,2452,0004,245
Depreciation
At 01/07/20221,2391,1562,395
For the year251211462
At 30/06/20231,4901,3672,857
Net Book Amounts
At 30/06/20237556331,388
At 30/06/20221,0068441,850
4. STOCK 20232022
££
Stock comprises:
Work in progress-7,857
-7,857
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors17,44030,847
VAT1,546-
Other debtors8,409-
27,39530,847
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax18,24012,842
Directors current account-18,744
Accruals4,6002,600
22,84034,186

Wifly Ltd

7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11