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
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
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
WIRELESS EXCELLENCE LIMITED
Statement of financial position
as at 31 March 2024
Intangible assets
462,902
303,909
Tangible assets
1,946
7,422
Cash at bank and in hand
(845)
(73,076)
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)
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
WIRELESS EXCELLENCE LIMITED
Notes to the Accounts
for the year ended 31 March 2024
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.
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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.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
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
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
At 31 March 2024
1,279
-
667
1,946
At 31 March 2023
1,744
3,787
1,891
7,422
Amounts falling due within one year
Trade debtors
252,988
268,889
Accrued income and prepayments
519,987
614,215
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
88,308
95,442
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)
Deferred income
593,825
650,232
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Creditors: amounts falling due after more than one year
2024
2023
WIRELESS EXCELLENCE LIMITED
Notes to the Accounts
for the year ended 31 March 2024
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
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Average number of employees
During the year the average number of employees was 6 (2023: 6).