Wireless Internet Technologies Limited - Accounts to registrar (filleted) - small 18.2

Wireless Internet Technologies Limited - Accounts to registrar (filleted) - small 18.2

WIRELESS INTERNET TECHNOLOGIES LIMITED - Company Information

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REGISTERED NUMBER: 07402070 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 October 2019

for

Wireless Internet Technologies Limited
Wireless Internet Technologies Limited (Registered number: 07402070)






Contents of the Financial Statements
for the Year Ended 31 October 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wireless Internet Technologies Limited

Company Information
for the Year Ended 31 October 2019







DIRECTOR: Dr A J Richardson





REGISTERED OFFICE: Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR





BUSINESS ADDRESS: John Tharp House
Chippenham Park
Chippenham
Cambridgeshire
CB7 5PT





REGISTERED NUMBER: 07402070 (England and Wales)





ACCOUNTANTS: Knights Lowe
Chartered Accountants
Eldo House, Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR
Page 1
Wireless Internet Technologies Limited (Registered number: 07402070)

Balance Sheet
31 October 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,637 5,925

CURRENT ASSETS
Debtors 5 25,987 25,319
Cash at bank 8,990 5,874
34,977 31,193
CREDITORS
Amounts falling due within one year 6 22,851 17,002
NET CURRENT ASSETS 12,126 14,191
TOTAL ASSETS LESS CURRENT LIABILITIES 14,763 20,116

PROVISIONS FOR LIABILITIES 7 501 1,126
NET ASSETS 14,262 18,990

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 14,162 18,890
SHAREHOLDERS' FUNDS 14,262 18,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
Wireless Internet Technologies Limited (Registered number: 07402070)

Balance Sheet - continued
31 October 2019


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 director and authorised for issue on 31 July 2020 and were signed by:





Dr A J Richardson - Director


The notes form part of these financial statements

Page 3
Wireless Internet Technologies Limited (Registered number: 07402070)

Notes to the Financial Statements
for the Year Ended 31 October 2019

1. STATUTORY INFORMATION

Wireless Internet Technologies Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 3 years straight line

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.

Impairment
At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments but
excluding investment properties, are assessed to determine whether there is an indication that the carrying
amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is
an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use
and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is
lower, the carrying amount of the asset is written down to its estimated recoverable amount and an
impairment loss is recognised in profit and loss.

Page 4 continued...
Wireless Internet Technologies Limited (Registered number: 07402070)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2019

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2018
and 31 October 2019 9,865
DEPRECIATION
At 1 November 2018 3,940
Charge for year 3,288
At 31 October 2019 7,228
NET BOOK VALUE
At 31 October 2019 2,637
At 31 October 2018 5,925

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 25,987 25,319

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 769 -
Taxation and social security 3,972 3,195
Other creditors 18,110 13,807
22,851 17,002

Other creditors includes a directors loan of £17,330 (2018: £13,051).

7. PROVISIONS FOR LIABILITIES
2019 2018
£    £   
Deferred tax
Accelerated capital allowances 501 1,126

Page 5 continued...
Wireless Internet Technologies Limited (Registered number: 07402070)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2019

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2018 1,126
Credit to Income Statement during year (625 )
Balance at 31 October 2019 501

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
100 Ordinary £1 100 100

Page 6