Wzard Innovation Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10587039 (England and Wales)

Wzard Innovation Ltd

Financial Statements

for the Year Ended 31 January 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Willmott

R P King

REGISTERED OFFICE:

Unit 2a

Railway Triangle Industrial Estate

Dorchester

Dorset

DT1 2PJ

REGISTERED NUMBER:

10587039 (England and Wales)

ACCOUNTANTS:

Read Woodruff

Chartered Accountants

Unit 2a

Railway Triangle Industrial Estate

Dorchester

Dorset

DT1 2PJ

FIXED ASSETS

Tangible assets

4

59,159

69,377

Investments

5

7,750

66,909

77,127

CURRENT ASSETS

Debtors

6

-

20,310

Cash at bank

16,251

6,377

16,251

26,687

CREDITORS

Amounts falling due within one year

7

54,288

50,401

NET CURRENT LIABILITIES

(38,037

)

(23,714

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

28,872

53,413

CREDITORS

Amounts falling due after more than one
year

8

-

(14,114

)

PROVISIONS FOR LIABILITIES

(10,616

)

(12,420

)

NET ASSETS

18,256

26,879

CAPITAL AND RESERVES

Called up share capital

2,040

Retained earnings

16,216

24,839

SHAREHOLDERS' FUNDS

18,256

26,879

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 13 October 2026 and were signed on its behalf by:

R Willmott - Director

1.	STATUTORY INFORMATION

Wzard Innovation 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Office equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Office

Motor

equipment

vehicles

Totals

£

COST

At 1 February 2025

11,799

75,994

87,793

Additions

1,337

7,624

8,961

Disposals

(4,007

)

-

(4,007

)

At 31 January 2026

9,129

83,618

92,747

DEPRECIATION

At 1 February 2025

6,729

11,687

18,416

Charge for year

1,602

16,711

18,313

Eliminated on disposal

(3,141

)

-

(3,141

)

At 31 January 2026

5,190

28,398

33,588

NET BOOK VALUE

At 31 January 2026

3,939

55,220

59,159

At 31 January 2025

5,070

64,307

69,377

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 February 2025

36,994

Additions

7,624

At 31 January 2026

44,618

DEPRECIATION

At 1 February 2025

9,249

Charge for year

7,571

At 31 January 2026

16,820

NET BOOK VALUE

At 31 January 2026

27,798

At 31 January 2025

27,745

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2025

and 31 January 2026

7,750

NET BOOK VALUE

At 31 January 2026

7,750

At 31 January 2025

7,750

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

-

20,310

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

3,750

5,000

Hire purchase contracts

15,727

10,315

Trade creditors

1,391

3,997

UK corporation tax

4,706

8,182

Tax and social security costs

11,049

2,793

Directors' current accounts

15,575

18,024

Accruals and deferred income

2,090

54,288

50,401

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

Bank loans

-

3,750

Hire purchase contracts

-

10,364

-

14,114

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Hire purchase contracts

15,727

20,679

Hire purchase liabilities are secured on the assets concerned.

10.	OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments totalling £2,040.