Wottz Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 13243522 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

WOTTZ LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr G M O'Reilly

Mr I Stewart Herd

REGISTERED OFFICE:

Park House

Mere Park, Dedmere Road

Marlow

Buckinghamshire

SL7 1FJ

REGISTERED NUMBER:

13243522 (England and Wales)

ACCOUNTANTS:

Richardson Jones

Chartered Accountants

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

FIXED ASSETS

Tangible assets

4

10,424

11,913

Investments

5

371,352

371,352

381,776

383,265

CURRENT ASSETS

Debtors

6

5,633

27,153

Cash at bank

1,385

5,034

7,018

32,187

CREDITORS

Amounts falling due within one year

7

436,733

440,761

NET CURRENT LIABILITIES

(429,715

)

(408,574

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(47,939

)

(25,309

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(47,941

)

(25,311

)

(47,939

)

(25,309

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd March 2024 and were signed on its behalf by:

Mr G M O'Reilly - Director

Mr I Stewart Herd - Director

1.	STATUTORY INFORMATION

Wottz Ltd 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

As at the balance sheet date the company had net liabilities however, the company continues to trade as a going concern based on the fact that it will be financially supported by the Directors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

15% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1st April 2022

and 31st March 2023

12,768

DEPRECIATION

At 1st April 2022

855

Charge for year

1,489

At 31st March 2023

2,344

NET BOOK VALUE

At 31st March 2023

10,424

At 31st March 2022

11,913

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st April 2022

and 31st March 2023

371,352

NET BOOK VALUE

At 31st March 2023

371,352

At 31st March 2022

371,352

The investment represents the acquisition of the entire share capital of EV Cables Limited - UK company number 09337380

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

-

25,495

Other debtors

5,633

1,658

5,633

27,153

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Amounts owed to group undertakings

59,628

167,549

Social security and other taxes

1,288

3,725

VAT

4,425

1,266

Directors' current accounts

365,778

265,418

Accruals and deferred income

5,614

2,803

436,733

440,761