Whizzle Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02717116

Whizzle Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Whizzle Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		147,973	52,448

Current assets

Stocks		357,665	323,278
Debtors	6	450,853	602,424
Cash at bank and in hand		594,461	547,776
		------------	------------
		1,402,979	1,473,478

Creditors: amounts falling due within one year	7	655,455		674,171
		------------		------------
Net current assets			747,524	799,307
			----------	----------
Total assets less current liabilities			895,497	851,755

Creditors: amounts falling due after more than one year	8		364	4,737

Provisions

Deferred taxation	34,820	12,196
	----------	----------
Net assets	860,313	834,822
	----------	----------

Capital and reserves

Called up share capital	200	200
Profit and loss account	860,113	834,622
	----------	----------
Shareholders funds	860,313	834,822
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Whizzle Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

M D Read

Director

Company registration number: 02717116

Whizzle Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Office, Three Pillars Business Park, Station Road, Sutton, Nr Ely, Cambridgeshire, CB6 2RU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis . The financial statements are prepared in sterling, which is the functional and presentational currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied during the year, stated net of discounts and of value added tax. Turnover is recognised when goods sold have been dispatched by the reporting date.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property improvements	-	10% straight line
Plant and machinery	-	20% - 25% Straight line and reducing balance
Fixtures and fittings	-	20% straight line
Computer equipment	-	33% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is based on purchase price.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Lease and hire purchase payments are apportioned between the finance charges and reduction of the outstanding lease liability using the sum of the digits method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Pension contributions

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2024: 12 ).

5. Tangible assets

	Leasehold property improvements	Plant and machinery	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	32,406	128,716	16,247	128,901	306,270
Additions	–	126,378	3,960	3,708	134,046
	--------	----------	--------	----------	----------
At 31 March 2025	32,406	255,094	20,207	132,609	440,316
	--------	----------	--------	----------	----------
Depreciation
At 1 April 2024	32,406	91,890	14,054	115,472	253,822
Charge for the year	–	25,925	1,510	11,086	38,521
	--------	----------	--------	----------	----------
At 31 March 2025	32,406	117,815	15,564	126,558	292,343
	--------	----------	--------	----------	----------
Carrying amount
At 31 March 2025	–	137,279	4,643	6,051	147,973
	--------	----------	--------	----------	----------
At 31 March 2024	–	36,826	2,193	13,429	52,448
	--------	----------	--------	----------	----------

6. Debtors

	2025	2024
	£	£
Trade debtors	300,893	341,048
Amounts owed by group undertakings and undertakings in which the company has a participating interest	30,000	–
Other debtors	119,960	261,376
	----------	----------
	450,853	602,424
	----------	----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	580,181	558,393
Social security and other taxes	59,616	98,255
Other creditors	15,658	17,523
	----------	----------
	655,455	674,171
	----------	----------

Included within other creditors is an amount of £4,227 (2024 - £4,000) relating to assets acquired under hire purchase agreements. Hire purchase agreements are secured on the assets concerned.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	364	4,737
	----	-------

Included within other creditors is an amount of £364 (2024 - £4,737) relating to assets acquired under hire purchase agreements. Hire purchase agreements are secured on the assets concerned.

9. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	34,820	12,196
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	34,820	12,196
	--------	--------

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Later than 1 year and not later than 5 years	332,707	70,056
	----------	--------

11. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
M D Read	632	72	–	704
N M Blanchflower	127	4,654	( 4,781)	–
D A Read	( 80)	80	–	–
	----	-------	-------	----
	679	4,806	( 4,781)	704
	----	-------	-------	----

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
M D Read	75	195,781	( 195,224)	632
N M Blanchflower	314	7,440	( 7,627)	127
D A Read	–	–	( 80)	( 80)
	----	----------	----------	----
	389	203,221	( 202,931)	679
	----	----------	----------	----

The above loans are unsecured, interest charged at 2.25% and repayable on demand.