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 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

WIBU - SYSTEMS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

WIBU - SYSTEMS LTD

Balance sheet

As at 31 December 2023


Notes
2023
2022


£
£
Fixed assets
Tangible assets: 3 128,740 118,741
Total fixed assets: 128,740 118,741
Current assets
Stocks: 182,642 166,136
Debtors:   357,716 110,869
Cash at bank and in hand: 59,766 408,589
Total current assets: 600,124 685,594
Creditors: amounts falling due within one year:   (468,542) (352,898)
Net current assets (liabilities): 131,582 332,696
Total assets less current liabilities: 260,322 451,437
Total net assets (liabilities): 260,322 451,437
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 260,320 451,435
Shareholders funds: 260,322 451,437

The notes form part of these financial statements

WIBU - SYSTEMS LTD

Balance sheet statements

For the year ending 31 December 2023 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 20 February 2024
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 2023

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

Plant & Machinery - Straight Line 25%Computer Equipment - Straight line 33%Freehold Property - NIL

Valuation and information policy

Stock is valued the lower of cost and net realisible value

WIBU - SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 8 8

WIBU - SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 145,489
Additions 14,795
At 31 December 2023 160,284
Depreciation
At 01 January 2023 26,748
Charge for year 4,796
At 31 December 2023 31,544
Net book value
At 31 December 2023 128,740
At 31 December 2022 118,741