WIT Press Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 04741634

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Stocks	6	653		616
Debtors	7	79,245		73,083

		79,898		73,699
Creditors: Amounts Falling Due Within One Year	8	(8,585 )		(7,953 )

NET CURRENT ASSETS (LIABILITIES)			71,313		65,746

TOTAL ASSETS LESS CURRENT LIABILITIES			71,313		65,746

NET ASSETS			71,313		65,746

CAPITAL AND RESERVES
Called up share capital	9		1,000		1,000
Profit and Loss Account			70,313		64,746

SHAREHOLDERS' FUNDS			71,313		65,746

For the year ending 31 March 2025 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Alexander Brebbia

Director

12 December 2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

WIT Press Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04741634 . The registered office is Ashurst Lodge, Ashurst, Southampton, Hampshire, SO40 7AA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are copyrights stated at a valuation transferred from a fellow subsidiary in 2005 and amortised over their expected useful life on a striaght line basis of 5 years (previously 10 years).

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

at varying rates on cost

2.5. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2.6. Foreign Currencies

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

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

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WIT Press Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2024	190,000

As at 31 March 2025	190,000

Amortisation
As at 1 April 2024	190,000

As at 31 March 2025	190,000

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2024	2,061

As at 31 March 2025	2,061

Depreciation
As at 1 April 2024	2,061

As at 31 March 2025	2,061

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

6. Stocks

	2025	2024
	£	£
Stock	653	616

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	932	387
Amounts owed by group undertakings	70,542	57,429
Other debtors	7,771	15,267

	79,245	73,083

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WIT Press Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	6,572	5,376
Other creditors	707	2,577
Taxation and social security	1,306	-

	8,585	7,953

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

10. Related Party Transactions

All business with related parties is transacted on normal commercial terms.

A C Brebbia is a director of and shareholder in Computational Mechanics Inc. The company repaid income of £633 (2024: £1,067) from the return of publications sold in the United States of America.

A C Brebbia is a trustee of and committee member of Wessex Institute of Technology. Publications to the value of £27,640 (2024: £10,132) were sold to Wessex Institute of Technology during the year.

At the balance sheet date the company was owed £70,542 (2024: £57,429) by Computational Mechanics International Limited and £1,306 (2024: £1,923) was owed in respect of a Group Relief claim from a fellow subsidiary.

The company paid management charges of £45,803 (2024: £44,132) to Computational Mechanics International Limited during the year.

The controlling party is Computational Mechanics International Limited.

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