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Company Registration No. 03178796 (England and Wales)
WIRELESS EXCELLENCE LIMITED Unaudited accounts for the year ended 31 March 2024
WIRELESS EXCELLENCE LIMITED Unaudited accounts Contents
Page
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WIRELESS EXCELLENCE LIMITED Company Information for the year ended 31 March 2024
Director
Mr. Stephen James Patrick
Company Number
03178796 (England and Wales)
Registered Office
THE OXFORD SCIENCE PARK G6 MAGDALEN CENT ROBERT ROBINSON AVENUE OXFORD OXFORDSHIRE OX4 4GA ENGLAND
Accountants
Patrick van Aalst FMAAT Wellingtonia 9 The Green Great Cheverell SN10 5XN
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WIRELESS EXCELLENCE LIMITED Accountants' report
Accountants' report to the director of WIRELESS EXCELLENCE LIMITED (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 March 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Patrick van Aalst FMAAT Wellingtonia 9 The Green Great Cheverell SN10 5XN 29 December 2024
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WIRELESS EXCELLENCE LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
462,902 
303,909 
Tangible assets
1,946 
7,422 
464,848 
311,331 
Current assets
Inventories
98,500 
98,500 
Debtors
877,548 
883,104 
Cash at bank and in hand
(845)
(73,076)
975,203 
908,528 
Creditors: amounts falling due within one year
(1,366,314)
(1,057,923)
Net current liabilities
(391,111)
(149,395)
Total assets less current liabilities
73,737 
161,936 
Creditors: amounts falling due after more than one year
(65,502)
(154,263)
Net assets
8,235 
7,673 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
8,035 
7,473 
Shareholders' funds
8,235 
7,673 
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 15 January 2025 and were signed on its behalf by
Mr. Stephen James Patrick Director Company Registration No. 03178796
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WIRELESS EXCELLENCE LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
WIRELESS EXCELLENCE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03178796. The registered office is THE OXFORD SCIENCE PARK G6 MAGDALEN CENT, ROBERT ROBINSON AVENUE, OXFORD, OXFORDSHIRE, OX4 4GA, ENGLAND.
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.
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:
Motor vehicles
25%
Computer equipment
25%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
303,909 
Additions
158,993 
At 31 March 2024
462,902 
Amortisation
At 1 April 2023
- 
At 31 March 2024
- 
Net book value
At 31 March 2024
462,902 
At 31 March 2023
303,909 
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WIRELESS EXCELLENCE LIMITED Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
1,860 
56,439 
31,035 
89,334 
At 31 March 2024
1,860 
56,439 
31,035 
89,334 
Depreciation
At 1 April 2023
116 
52,652 
29,144 
81,912 
Charge for the year
465 
3,787 
1,224 
5,476 
At 31 March 2024
581 
56,439 
30,368 
87,388 
Net book value
At 31 March 2024
1,279 
- 
667 
1,946 
At 31 March 2023
1,744 
3,787 
1,891 
7,422 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
74,849 
- 
Trade debtors
252,988 
268,889 
Accrued income and prepayments
519,987 
614,215 
Other debtors
29,724 
- 
877,548 
883,104 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
88,308 
95,442 
VAT
- 
(27,508)
Trade creditors
716,129 
364,242 
Taxes and social security
(18,995)
64,523 
Other creditors
49,699 
881 
Loans from directors
(62,652)
(90,293)
Accruals
- 
404 
Deferred income
593,825 
650,232 
1,366,314 
1,057,923 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
65,502 
154,263 
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WIRELESS EXCELLENCE LIMITED Notes to the Accounts for the year ended 31 March 2024
9
Loans to directors
Opening balance 90,293.47 Plus loans made in the period (advances) 80,035.00 Plus private expenditure in the period 7,619.17 Less undrawn remuneration -1,028.60 Less loan repayments in the period -82,267.04 Less dividends declared in the period -32,000.00 Closing balance 62,652.00
10
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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