ACCOUNTS - Final Accounts preparation

Company registration number: 08802992

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	WIAX LIMITED


WIAX LIMITED

COMPANY INFORMATION

Director	R B Hansen


Registered number	08802992


Registered office	Flat 7
	Garden Court
	66 Clarendon Road
	London
	W11 2HP


Accountants	Menzies LLP
	Chartered Accountants
	2nd Floor, Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ


WIAX LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 5


WIAX LIMITED REGISTERED NUMBER:08802992

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investments	4		575		575
			575		575

Creditors: amounts falling due within one year	5	(37,959)		(35,355)
Net current liabilities			(37,959)		(35,355)
Total assets less current liabilities			(37,384)		(34,780)

Net liabilities			(37,384)		(34,780)

Capital and reserves
Called up share capital	10	10
Profit and loss account	(37,394)	(34,790)
	(37,384)	(34,780)

Page 1


WIAX LIMITED REGISTERED NUMBER:08802992

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

For the year ended 31 December 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

R B Hansen

Director

Date: 30 September 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2


WIAX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Wiax Ltd Limited is a private Company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office and principal place of business are disclosed on the company information page.
The company's functional and presentational currency is GBP.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

Going concern

The company's statement of financial position shows a net liability position of £37,684 at the 31 December 2024. The director and shareholder is continuing to support the company by providing any funds required to allow the company to continue as a going concern. Any amounts due to the director and shareholder will not be repaid until the company has sufficient resources.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 3


WIAX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

3.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 January 2024	6,503
	At 31 December 2024	6,503
	Depreciation
	At 1 January 2024	6,503
	At 31 December 2024	6,503
	Net book value
	At 31 December 2024	-
	At 31 December 2023	-

4.	Fixed asset investments

		Other fixed asset investments
		£
	Cost or valuation
	At 1 January 2024	575
	At 31 December 2024	575

Page 4


WIAX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Other creditors	36,459	33,315
Accruals and deferred income	1,500	2,040
	37,959	35,355

6.	Related party transactions
	An amount of £35,884 (2023: £32,740) was due to the director at the year end. No interest has been applied to this balance.

Page 5