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REGISTERED NUMBER: 11238822 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th June 2024

for

WWIIS Services Ltd

WWIIS Services Ltd (Registered number: 11238822)






Contents of the Financial Statements
for the Year Ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

WWIIS Services Ltd

Company Information
for the Year Ended 30th June 2024







DIRECTORS: A P Dean
J L McCarthy
L Freke





REGISTERED OFFICE: Suite 5, Floor 3
Kings Court
London Road
Stevenage
SG1 2NG





REGISTERED NUMBER: 11238822 (England and Wales)





ACCOUNTANTS: Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA

WWIIS Services Ltd (Registered number: 11238822)

Balance Sheet
30th June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,000 67,042

CURRENT ASSETS
Debtors 5 74,022 72,937
Cash at bank 15,780 57,125
89,802 130,062
CREDITORS
Amounts falling due within one year 6 51,378 37,935
NET CURRENT ASSETS 38,424 92,127
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,424

159,169

PROVISIONS FOR LIABILITIES - 1,825
NET ASSETS 140,424 157,344

CAPITAL AND RESERVES
Called up share capital 180,000 180,000
Retained earnings (39,576 ) (22,656 )
SHAREHOLDERS' FUNDS 140,424 157,344

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

WWIIS Services Ltd (Registered number: 11238822)

Balance Sheet - continued
30th June 2024


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 28th November 2024 and were signed on its behalf by:





A P Dean - Director


WWIIS Services Ltd (Registered number: 11238822)

Notes to the Financial Statements
for the Year Ended 30th June 2024

1. STATUTORY INFORMATION

WWIIS Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue recognition
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 - 25% on cost and over the term of the lease

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 15 (2023 - 13 ) .

WWIIS Services Ltd (Registered number: 11238822)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2023 109,989
Additions 80,467
Disposals (2,607 )
At 30th June 2024 187,849
DEPRECIATION
At 1st July 2023 42,947
Charge for year 45,023
Eliminated on disposal (2,121 )
At 30th June 2024 85,849
NET BOOK VALUE
At 30th June 2024 102,000
At 30th June 2023 67,042

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 33,759 29,943
Other debtors 3,151 6,801
VAT 6,101 9,186
Prepayments 31,011 27,007
74,022 72,937

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 13,295 12,565
Social security and other taxes 26,382 17,054
Other creditors 3,335 1,300
Accrued expenses 8,366 7,016
51,378 37,935

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 32,515 32,515
Between one and five years 56,901 89,416
89,416 121,931

WWIIS Services Ltd (Registered number: 11238822)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

8. RELATED PARTY DISCLOSURES

Worldwide Internet Insurance Services Limited
Parent company registered in Gibraltar

During the year, the company provided services to its parent company, Worldwide Internet Insurance Services Limited, amounting to £1,550,267 (2023: £1,515,727).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
WWIIS Services Ltd

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 WWIIS Services Ltd for the year ended 30th June 2024 which comprise the Income Statement, Balance Sheet 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 WWIIS Services Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of WWIIS Services Ltd and state those matters that we have agreed to state to the Board of Directors of WWIIS Services Ltd, 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 WWIIS Services Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that WWIIS Services Ltd 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 loss of WWIIS Services Ltd. You consider that WWIIS Services Ltd 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 WWIIS Services Ltd. 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.






Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA


2nd December 2024