Wightlaw Service Company Limited - Accounts to registrar (filleted) - small 18.2

Wightlaw Service Company Limited - Accounts to registrar (filleted) - small 18.2

WIGHTLAW SERVICE COMPANY LIMITED - Company Information

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REGISTERED NUMBER: 00988164 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

FOR

WIGHTLAW SERVICE COMPANY LIMITED
WIGHTLAW SERVICE COMPANY LIMITED (REGISTERED NUMBER: 00988164)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


WIGHTLAW SERVICE COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2022







DIRECTORS: I Pratt
N Gale
Mrs M A Clarke





SECRETARY: N Gale





REGISTERED OFFICE: Portland House
18 Melville Street
Ryde
Isle of Wight
PO33 2AP





REGISTERED NUMBER: 00988164 (England and Wales)





ACCOUNTANTS: Bright Brown Limited
Chartered Accountants
Exchange House
St. Cross Lane
Newport
Isle of Wight
PO30 5BZ
Page 1
WIGHTLAW SERVICE COMPANY LIMITED (REGISTERED NUMBER: 00988164)

BALANCE SHEET
31 JANUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 185,000 185,000
185,000 185,000

CURRENT ASSETS
Cash at bank 40,106 127,679

CREDITORS
Amounts falling due within one year 6 4,777 4,844
NET CURRENT ASSETS 35,329 122,835
TOTAL ASSETS LESS CURRENT LIABILITIES 220,329 307,835

PROVISIONS FOR LIABILITIES 19,086 19,086
NET ASSETS 201,243 288,749

CAPITAL AND RESERVES
Called up share capital 4,604 4,604
Capital redemption reserve 2,848 2,848
Other reserves 1,478 1,478
Retained earnings 192,313 279,819
SHAREHOLDERS' FUNDS 201,243 288,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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 notes form part of these financial statements

Page 2 continued...
WIGHTLAW SERVICE COMPANY LIMITED (REGISTERED NUMBER: 00988164)

BALANCE SHEET - continued
31 JANUARY 2022


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 11 August 2022 and were signed on its behalf by:





N Gale - Director


The notes form part of these financial statements

Page 3
WIGHTLAW SERVICE COMPANY LIMITED (REGISTERED NUMBER: 00988164)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022


1. STATUTORY INFORMATION

Wightlaw Service Company 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.

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 amounts invoiced during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2021
and 31 January 2022 3,342
DEPRECIATION
At 1 February 2021
and 31 January 2022 3,342
NET BOOK VALUE
At 31 January 2022 -

Page 4 continued...
WIGHTLAW SERVICE COMPANY LIMITED (REGISTERED NUMBER: 00988164)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2021
and 31 January 2022 185,000
NET BOOK VALUE
At 31 January 2022 185,000
At 31 January 2021 185,000

The investment property was last revalued by the director, Mr N Gale, on 31 January 2016.

If the investment property had not been revalued it would be included at an historical cost of £34,157 and aggregated depreciation of £31,622.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 4,243 4,285
Other creditors 534 559
4,777 4,844

Page 5