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 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

WIBU - SYSTEMS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

WIBU - SYSTEMS LTD

Balance sheet

As at 31 December 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 117,000 117,000
Total fixed assets: 117,000 117,000
Current assets
Stocks: 190,164 169,323
Debtors:   115,565 110,974
Cash at bank and in hand: 709,928 270,778
Total current assets: 1,015,657 551,075
Creditors: amounts falling due within one year:   (402,431) (149,686)
Net current assets (liabilities): 613,226 401,389
Total assets less current liabilities: 730,226 518,389
Total net assets (liabilities): 730,226 518,389
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 730,224 518,387
Shareholders funds: 730,226 518,389

The notes form part of these financial statements

WIBU - SYSTEMS LTD

Balance sheet statements

For the year ending 31 December 2021 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 15 March 2022
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 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is the total worldwide sales excluding VAT

Tangible fixed assets and depreciation policy

Freehold Property - 0%

Valuation and information policy

Stock is valued at lower of cost and net realisible value

WIBU - SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

2021 2020
Average number of employees during the period 8 8

WIBU - SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Tangible Assets

Total
Cost £
At 01 January 2021 142,877
At 31 December 2021 142,877
Depreciation
At 01 January 2021 25,877
At 31 December 2021 25,877
Net book value
At 31 December 2021 117,000
At 31 December 2020 117,000

WIBU - SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Related party transactions

Name of the related party: Identiware BV
Relationship:
Shareholder
Description of the Transaction: As of 31/12/21 the Company owed Identiware BV £250,000 in relation to a dividend declared on 31/12/21. The balance was repaid on 26/1/22
£
Balance at 01 January 2021 0
Balance at 31 December 2021 250,000