Compwiz Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08365897 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

COMPWIZ LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr L Wisniewski

Mrs I Wisniewski

REGISTERED OFFICE:

Claylands House

Alders Way

Yalberton Industrial Estate

Paignton

Devon

TQ4 7QL

REGISTERED NUMBER:

08365897 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

BANKERS:

HSBC

14 Fore Street

St Marychurch

Torquay

TQ1 4ND

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

2,032

5,507

2,032

5,507

CURRENT ASSETS

Stocks

6

16,500

Debtors

7

210,212

115,823

226,712

132,323

CREDITORS

Amounts falling due within one year

8

114,107

104,987

NET CURRENT ASSETS

112,605

27,336

TOTAL ASSETS LESS CURRENT LIABILITIES

114,637

32,843

CREDITORS

Amounts falling due after more than one
year

9

(112,834

)

(30,109

)

PROVISIONS FOR LIABILITIES

(1,103

)

(1,377

)

NET ASSETS

700

1,357

CAPITAL AND RESERVES

Called up share capital

10

Retained earnings

690

1,347

SHAREHOLDERS' FUNDS

700

1,357

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2026 and were signed on its behalf by:

Mr L Wisniewski - Director

1.	STATUTORY INFORMATION

Compwiz 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of three years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

29,000

AMORTISATION

At 1 February 2025

and 31 January 2026

29,000

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 February 2025

710

15,779

47,236

63,725

Additions

-

2,376

Disposals

(325

)

(15,779

)

(46,394

)

(62,498

)

At 31 January 2026

385

-

3,218

3,603

DEPRECIATION

At 1 February 2025

368

10,787

47,063

58,218

Charge for year

62

-

762

824

Eliminated on disposal

(290

)

(10,787

)

(46,394

)

(57,471

)

At 31 January 2026

140

-

1,431

1,571

NET BOOK VALUE

At 31 January 2026

245

-

1,787

2,032

At 31 January 2025

342

4,992

173

5,507

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

Motor

vehicles

£

COST

At 1 February 2025

15,779

Disposals

(15,779

)

At 31 January 2026

-

DEPRECIATION

At 1 February 2025

10,787

Eliminated on disposal

(10,787

)

At 31 January 2026

-

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

4,992

6.

STOCKS

2026

2025

£

Stocks

16,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

23,397

10,973

Amounts owed by associates

1,916

Amounts recoverable on contract

25,000

18,500

Directors' current accounts

129,789

73,412

Tax

28,369

9,861

Prepayments

1,741

1,161

210,212

115,823

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

17,803

8,716

Hire purchase contracts

-

3,405

Trade creditors

322

5,894

Tax

52,454

36,851

VAT

10,054

15,018

Other creditors

30,884

32,615

Accrued expenses

2,590

2,488

114,107

104,987

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

Bank loans - 2-5 years

112,834

28,939

Hire purchase contracts

-

1,170

112,834

30,109

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2026 and 31 January 2025:

2026

2025

£

Mr L Wisniewski and Mrs I Wisniewski

Balance outstanding at start of year

73,412

48,294

Amounts advanced

172,963

147,988

Amounts repaid

(116,586

)

(122,870

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

129,789

73,412

Loans are charged an interest rate of 2.25%.

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 (2025 - £74,800) were paid to the directors .

During the year, the company rented the directors personal residence under a Licence to Occupy agreement for £1,836, (2025 : £2,542).

12.	BOUNCE BACK LOAN

The bounce back loan is 100% guaranteed by the government and has a term of 6 years which runs to September 2026.