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Company Registration No. 12366109 (England and Wales)
Wight Lease Limited Unaudited accounts for the year ended 31 December 2025
Wight Lease Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Wight Lease Limited Company Information for the year ended 31 December 2025
Directors
Nancy Thorley Paul Thorley
Company Number
12366109 (England and Wales)
Registered Office
Office 1 Building 41, Newport Road Cowes Isle of Wight PO31 8BX UK
Accountants
Vision Accounting Fortis House Cothey Way Ryde Isle of Wight PO33 1QT
- 3 -
Wight Lease Limited Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
125
150
Tangible assets
5
546
1,215
671
1,365
Current assets
Debtors
6
34,893
15,383
Cash at bank and in hand
3,350
1,535
38,243
16,918
Creditors: amounts falling due within one year
7
(35,432)
(98,479)
Net current assets/(liabilities)
2,811
(81,561)
Total assets less current liabilities
3,482
(80,196)
Creditors: amounts falling due after more than one year
8
(8,555)
(12,176)
Net liabilities
(5,073)
(92,372)
Capital and reserves
Called up share capital
2
2
Profit and loss account
(5,075)
(92,374)
Shareholders' funds
(5,073)
(92,372)
For the year ending 31 December 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 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 of Directors and authorised for issue on 28 January 2026 and were signed on its behalf by
Nancy Thorley Director Company Registration No. 12366109
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Wight Lease Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Wight Lease Limited is a private company, limited by shares, registered in England and Wales, registration number 12366109. The registered office is Office 1 Building 41, Newport Road, Cowes, Isle of Wight, PO31 8BX, UK.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
33% Straight Line
Fixtures & fittings
33% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
£
Cost
At 1 January 2025
250
At 31 December 2025
250
Amortisation
At 1 January 2025
100
Charge for the year
25
At 31 December 2025
125
Net book value
At 31 December 2025
125
At 31 December 2024
150
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Wight Lease Limited Notes to the Accounts for the year ended 31 December 2025
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2025
3,762
1,852
5,614
At 31 December 2025
3,762
1,852
5,614
Depreciation
At 1 January 2025
3,268
1,131
4,399
Charge for the year
419
250
669
At 31 December 2025
3,687
1,381
5,068
Net book value
At 31 December 2025
75
471
546
At 31 December 2024
494
721
1,215
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
18,292
6,383
Amounts due from group undertakings etc.
-
9,000
Accrued income and prepayments
1,455
-
Other debtors
15,146
-
34,893
15,383
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
2,111
1,398
VAT
39,479
30,047
Trade creditors
5,000
11,055
Taxes and social security
29,990
5,649
Other creditors
3,729
29,232
Loans from directors
(44,877)
20,248
Accruals
-
850
35,432
98,479
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
7,999
9,968
Other creditors
556
2,208
8,555
12,176
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Wight Lease Limited Notes to the Accounts for the year ended 31 December 2025
9
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Nancy Thorley
Directors Loan
-
35,320
12,882
22,438
Paul Thorley
Directors Loan
-
106,763
84,325
22,438
-
142,083
97,207
44,876
10
Average number of employees
During the year the average number of employees was 2 (2024: 3).
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