Wireless Internet Technologies Limited - Accounts to registrar (filleted) - small 18.2

Wireless Internet Technologies Limited - Accounts to registrar (filleted) - small 18.2

WIRELESS INTERNET TECHNOLOGIES LIMITED - Company Information

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IRIS Accounts Production v18.2.0.360 07402070 director 1.11.16 31.10.17 31.10.17 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure074020702016-10-31074020702017-10-31074020702016-11-012017-10-31074020702015-10-31074020702015-11-012016-10-31074020702016-10-3107402070ns15:EnglandWales2016-11-012017-10-3107402070ns14:PoundSterling2016-11-012017-10-3107402070ns10:Director12016-11-012017-10-3107402070ns10:PrivateLimitedCompanyLtd2016-11-012017-10-3107402070ns10:SmallEntities2016-11-012017-10-3107402070ns10:AuditExempt-NoAccountantsReport2016-11-012017-10-3107402070ns10:SmallCompaniesRegimeForDirectorsReport2016-11-012017-10-3107402070ns10:SmallCompaniesRegimeForAccounts2016-11-012017-10-3107402070ns10:FullAccounts2016-11-012017-10-3107402070ns10:OrdinaryShareClass12016-11-012017-10-3107402070ns10:RegisteredOffice2016-11-012017-10-3107402070ns5:CurrentFinancialInstruments2017-10-3107402070ns5:CurrentFinancialInstruments2016-10-3107402070ns5:ShareCapital2017-10-3107402070ns5:ShareCapital2016-10-3107402070ns5:RetainedEarningsAccumulatedLosses2017-10-3107402070ns5:RetainedEarningsAccumulatedLosses2016-10-3107402070ns5:ComputerEquipment2016-11-012017-10-3107402070ns5:PlantMachinery2016-10-3107402070ns5:PlantMachinery2016-11-012017-10-3107402070ns5:PlantMachinery2017-10-3107402070ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-10-3107402070ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-10-3107402070ns5:DeferredTaxation2016-11-012017-10-3107402070ns5:DeferredTaxation2017-10-3107402070ns10:OrdinaryShareClass12017-10-31


REGISTERED NUMBER: 07402070 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 October 2017

for

Wireless Internet Technologies Limited
Wireless Internet Technologies Limited (Registered number: 07402070)






Contents of the Financial Statements
for the Year Ended 31 October 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wireless Internet Technologies Limited

Company Information
for the Year Ended 31 October 2017







DIRECTOR: Dr A J Richardson





REGISTERED OFFICE: Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR





BUSINESS ADDRESS: John Tharp House
Chippenham Park
Chippenham
Cambridgeshire
CB7 5PT





REGISTERED NUMBER: 07402070 (England and Wales)





ACCOUNTANTS: Knights Lowe
Chartered Accountants
Eldo House, Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR
Page 1
Wireless Internet Technologies Limited (Registered number: 07402070)

Balance Sheet
31 October 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,850 -

CURRENT ASSETS
Debtors 5 10,401 63
Cash at bank 503 1,434
10,904 1,497
CREDITORS
Amounts falling due within one year 6 17,863 928
NET CURRENT (LIABILITIES)/ASSETS (6,959 ) 569
TOTAL ASSETS LESS CURRENT LIABILITIES 1,891 569

PROVISIONS FOR LIABILITIES 7 251 -
NET ASSETS 1,640 569

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,540 469
SHAREHOLDERS' FUNDS 1,640 569

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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...
Wireless Internet Technologies Limited (Registered number: 07402070)

Balance Sheet - continued
31 October 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 31 July 2018 and were signed by:





Dr A J Richardson - Director


The notes form part of these financial statements

Page 3
Wireless Internet Technologies Limited (Registered number: 07402070)

Notes to the Financial Statements
for the Year Ended 31 October 2017

1. STATUTORY INFORMATION

Wireless Internet Technologies 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements are the first financial statements that comply with FRS102 Section 1A small entities.
The date of transition is 1 November 2015. The transition has resulted in an alignment of accounting policies to
those required in the adoption of FRS102 and FRS102 1A. Any impact is explained in the notes to these financial
statements.

Going concern
The company has net current liabilities and is, therefore, dependent on the financial support of the director in
the short term. Such support will be available for the foreseeable future until at least 12 months from the date
of the directors report. That being the case, the director considers it appropriate to prepare the accounts on
the going concern basis.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 3 years straight line

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.

Page 4 continued...
Wireless Internet Technologies Limited (Registered number: 07402070)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2017

2. ACCOUNTING POLICIES - continued

Impairment
At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments but
excluding investment properties, are assessed to determine whether there is an indication that the carrying
amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is
an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use
and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is
lower, the carrying amount of the asset is written down to its estimated recoverable amount and an
impairment loss is recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2016 932
Additions 9,757
Disposals (351 )
At 31 October 2017 10,338
DEPRECIATION
At 1 November 2016 932
Charge for year 907
Eliminated on disposal (351 )
At 31 October 2017 1,488
NET BOOK VALUE
At 31 October 2017 8,850

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 10,401 -
Other debtors - 63
10,401 63

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other creditors 17,863 928

Page 5 continued...
Wireless Internet Technologies Limited (Registered number: 07402070)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2017

7. PROVISIONS FOR LIABILITIES
2017 2016
£    £   
Deferred tax
Accelerated capital allowances 251 -

Deferred
tax
£   
Charge to Income Statement during year 251
Balance at 31 October 2017 251

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
100 Ordinary £1 100 100

Page 6