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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
Page
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WIC Worldcom International Communications Ltd Company Information for the year ended 31 March 2024
Director
Mr N. Rose
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
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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
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WIC Worldcom International Communications Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,015 
5,285 
Investments
100 
100 
4,115 
5,385 
Current assets
Debtors
336,538 
348,695 
Cash at bank and in hand
28,291 
19,003 
364,829 
367,698 
Creditors: amounts falling due within one year
(308,947)
(309,218)
Net current assets
55,882 
58,480 
Net assets
59,997 
63,865 
Capital and reserves
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
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WIC Worldcom International Communications Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Foreign exchange
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.
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WIC Worldcom International Communications Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2023
46,148 
Disposals
(33,448)
At 31 March 2024
12,700 
Depreciation
At 1 April 2023
40,863 
Charge for the year
1,270 
On disposals
(33,448)
At 31 March 2024
8,685 
Net book value
At 31 March 2024
4,015 
At 31 March 2023
5,285 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2023
100 
Valuation at 31 March 2024
100 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
240 
549 
Trade debtors
288,551 
300,461 
Amounts due from group undertakings etc.
47,747 
47,685 
336,538 
348,695 
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 
- 
Accruals
3,345 
3,261 
308,947 
309,218 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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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).
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