WNX Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10070805 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

WNX LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W A Nixey

N E Nixey

REGISTERED OFFICE:

Easington Manor

Easington

Watlington

Oxfordshire

OX49 5AZ

REGISTERED NUMBER:

10070805 (England and Wales)

FIXED ASSETS

Tangible assets

4

70,000

130,000

CURRENT ASSETS

Debtors

5

150,000

-

Cash at bank and in hand

19,100

100

169,100

100

CREDITORS

Amounts falling due within one year

6

101,996

130,000

NET CURRENT ASSETS/(LIABILITIES)

67,104

(129,900

)

TOTAL ASSETS LESS CURRENT LIABILITIES

137,104

100

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

137,004

-

137,104

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 29 September 2022 and were signed on its behalf by:

W A Nixey - Director

N E Nixey - Director

1.	STATUTORY INFORMATION

WNX 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2021

130,000

Disposals

(60,000

)

At 31 December 2021

70,000

NET BOOK VALUE

At 31 December 2021

70,000

At 31 December 2020

130,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Other debtors

150,000

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Taxation and social security

31,996

-

Other creditors

70,000

130,000

101,996

130,000

7.	RELATED PARTY DISCLOSURES

The amount shown in other creditors is made up of the balance owed to the directors.