REGISTERED NUMBER: 14392693 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Wiliot UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Y Elboim

REGISTERED OFFICE:

1-2 Charterhouse Mews

London

EC1M 6BB

REGISTERED NUMBER:

14392693 (England and Wales)

AUDITORS:

Anstey Bond LLP

Statutory Auditors &

Chartered Accountants

1-2 Charterhouse Mews

London

EC1M 6BB

FIXED ASSETS

Tangible assets

4

1,705

1,879

CURRENT ASSETS

Debtors

5

115,499

266,338

Cash at bank

573,648

218,537

689,147

484,875

CREDITORS

Amounts falling due within one year

6

(551,696

)

(467,105

)

NET CURRENT ASSETS

137,451

17,770

TOTAL ASSETS LESS CURRENT LIABILITIES

139,156

19,649

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

139,056

19,549

139,156

19,649

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 September 2025 and were signed by:

Y Elboim - Director

1.	STATUTORY INFORMATION

Wiliot UK LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

The company recognises revenue on the basis that it represents the transfer of promised goods or services to customers in an amount equivalent to the consideration to which the entity expects to be entitled to in exchange for those goods or services. The followings steps should be applied to determine this amount: 1. identify the contract(s) with a customer; 2. identify the performance obligations in the contract(s); 3. determine the transaction prices; 4. allocate the transactions price to the performance obligations in the contract; 5. recognise revenue when (or as) the entity satisfies a performance obligation.

Warranty Provision

Wiliot UK ltd provides warranties on certain products sold in certain contracts, undertaking to repair or replace the items that fail to perform satisfactorily for a specified period. Based on expected future outcomes, a provision has been made for the estimated liability arising from such warranties.

The warranty provision as at 31 December 2024 is as follows:

Opening balance: £58,800

Additional provision: £0.00

Closing balance: £58,800

The provision for warranties is calculated based on an assessment of all possible outcomes against their associated probabilities.

This provision represents the company's best estimate of the expenditure required to settle the present obligation at the reporting date.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment - 33% straight line.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The director has at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Cash and cash equivalents

In the company's financial statements, cash and cash equivalents includes cash on hand and deposits held with banks.

Trade and other debtors

Trade and other debtors are measured at transaction price less any impairment for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are obligations to pay for services that have been acquired in the ordinary course of business and are measured at historical cost. Accrued expenses are recognised when the amount can be measured reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

2,416

Additions

874

At 31 December 2024

3,290

DEPRECIATION

At 1 January 2024

537

Charge for year

1,048

At 31 December 2024

1,585

NET BOOK VALUE

At 31 December 2024

1,705

At 31 December 2023

1,879

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

79,063

2,667

Other debtors

36,436

263,671

115,499

266,338

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

184

1,109

Amounts owed to group undertakings

333,618

193,855

Taxation and social security

103,740

80,356

Other creditors

114,154

191,785

551,696

467,105

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Colin Ellis FCCA CF (Senior Statutory Auditor)

for and on behalf of Anstey Bond LLP

8.	RELATED PARTY DISCLOSURES

As at the year end date, included within creditors is the amount of £333,618, owed to Wiliot Ltd, the ultimate controlling party, for services in relation to I/C expenses. These services were in relation to the transfer pricing.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Wiliot Ltd.