WIBU - SYSTEMS LTD

WIBU - SYSTEMS LTD

WIBU - SYSTEMS LTD - Company Information

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WIBU - SYSTEMS LTD

Company Registration Number:
05826912 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2019

Period of accounts

Start date: 01 January 2019

End date: 31 December 2019

WIBU - SYSTEMS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2019

Balance sheet
Notes

WIBU - SYSTEMS LTD

Balance sheet

As at 31 December 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 117,000 125,504
Total fixed assets: 117,000 125,504
Current assets
Stocks: 117,644 122,274
Debtors:   78,126 87,241
Cash at bank and in hand: 183,176 35,274
Total current assets: 378,946 244,789
Creditors: amounts falling due within one year:   (135,733) (101,305)
Net current assets (liabilities): 243,213 143,484
Total assets less current liabilities: 360,213 268,988
Creditors: amounts falling due after more than one year:     (86,770)
Total net assets (liabilities): 360,213 182,218
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 360,211 182,216
Shareholders funds: 360,213 182,218

The notes form part of these financial statements

WIBU - SYSTEMS LTD

Balance sheet statements

For the year ending 31 December 2019 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 March 2020
and signed on behalf of the board by:

Name: M Hartgerink
Status: Director

The notes form part of these financial statements

WIBU - SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Turnover is the total Worldwide Sales.

Tangible fixed assets and depreciation policy

Plant & Machinery 33% Straight Line

Valuation and information policy

Stock is valued at lower of cost and net realisable value

WIBU - SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2019

2. Employees

2019 2018
Average number of employees during the period 9 9

WIBU - SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2019

3. Tangible Assets

Total
Cost £
At 01 January 2019 142,877
At 31 December 2019 142,877
Depreciation
At 01 January 2019 17,373
Charge for year 8,504
At 31 December 2019 25,877
Net book value
At 31 December 2019 117,000
At 31 December 2018 125,504