Company Registration No. 07186423 (England and Wales)
WIC Worldcom International Communications Ltd
Unaudited accounts
for the year ended 31 March 2024
WIC Worldcom International Communications Ltd
Unaudited accounts
Contents
WIC Worldcom International Communications Ltd
Company Information
for the year ended 31 March 2024
Company Number
07186423 (England and Wales)
Registered Office
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
Accountants
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of WIC Worldcom International Communications Ltd for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
WIC Worldcom International Communications Ltd for the year ended
31 March 2024 as set out on pages
5 -
8 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 at icaew.com/membershandbook.
This report is made solely to the Board of Directors of WIC Worldcom International Communications Ltd, as a body, in accordance with the terms of our engagement letter dated 3 August 2016. Our work has been undertaken solely to prepare for your approval the accounts of WIC Worldcom International Communications Ltd and state those matters that we have agreed to state to the Board of Directors of WIC Worldcom International Communications Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than WIC Worldcom International Communications Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that WIC Worldcom International Communications Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of WIC Worldcom International Communications Ltd. You consider that WIC Worldcom International Communications 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 accounts of WIC Worldcom International Communications 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 accounts.
Brindley Goldstein Ltd
Chartered Accountants
103 High Street
Waltham Cross
EN8 7AN
7 January 2025
WIC Worldcom International Communications Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
4,015
5,285
Cash at bank and in hand
28,291
19,003
Creditors: amounts falling due within one year
(308,947)
(309,218)
Net current assets
55,882
58,480
Called up share capital
1
1
Profit and loss account
59,996
63,864
Shareholders' funds
59,997
63,865
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 January 2025 and were signed on its behalf by
Mr N. Rose
Director
Company Registration No. 07186423
WIC Worldcom International Communications Ltd
Notes to the Accounts
for the year ended 31 March 2024
WIC Worldcom International Communications Ltd is a private company, limited by shares, registered in England and Wales, registration number 07186423. The registered office is Brindley Goldstein Ltd, 103 High Street, Waltham Cross, EN8 7AN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% Straight Line
Computer equipment
33 1/3% Straight Line
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
WIC Worldcom International Communications Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings
5
Investments
Subsidiary undertakings
Valuation at 1 April 2023
100
Valuation at 31 March 2024
100
Amounts falling due within one year
Trade debtors
288,551
300,461
Amounts due from group undertakings etc.
47,747
47,685
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
224,186
300,400
Taxes and social security
3,289
5,557
Loans from directors
78,127
-
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
WIC Worldcom International Communications Ltd
Notes to the Accounts
for the year ended 31 March 2024
9
Transactions with related parties
The company was under the control of Mr N. Rose throughout the current year. Mr N. Rose is personally interested in 100% of the company's share capital.
10
Average number of employees
During the year the average number of employees was 30 (2023: 30).