Wizaner Limited - Accounts to registrar - small 17.1.1

Wizaner Limited - Accounts to registrar - small 17.1.1

WIZANER LIMITED - Company Information

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REGISTERED NUMBER: 02530183 (England and Wales)















WIZANER LIMITED

Unaudited Financial Statements for the Year Ended 30 September 2016






WIZANER LIMITED (REGISTERED NUMBER: 02530183)






Contents of the Financial Statements
for the Year Ended 30 September 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WIZANER LIMITED

Company Information
for the Year Ended 30 September 2016







DIRECTOR: Mr P J Grice





SECRETARY: Mrs G M Charlton-Grice





REGISTERED OFFICE: 61 Charlotte Street
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 02530183 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX
Page 1
WIZANER LIMITED (REGISTERED NUMBER: 02530183)

Balance Sheet
30 September 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 11,053 11,783
Investments 3 3,300 3,300
14,353 15,083

CURRENT ASSETS
Stocks 6,444 4,584
Debtors 4 14,160 10,631
Cash at bank and in hand 6,268 6,258
26,872 21,473
CREDITORS
Amounts falling due within one year 5 24,948 20,464
NET CURRENT ASSETS 1,924 1,009
TOTAL ASSETS LESS CURRENT
LIABILITIES
16,277
16,092

CAPITAL AND RESERVES
Called up share capital 6 7,504 7,504
Profit and loss account 7 8,773 8,588
SHAREHOLDERS' FUNDS 16,277 16,092

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23 June 2017 and were signed by:





Mr P J Grice - Director


The notes form part of these financial statements

Page 2
WIZANER LIMITED (REGISTERED NUMBER: 02530183)

Notes to the Financial Statements
for the Year Ended 30 September 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, 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.

Plant and machinery - 50% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2015 22,105 21,495 102,458 146,058
Additions 2,821 322 1,763 4,906
At 30 September 2016 24,926 21,817 104,221 150,964
DEPRECIATION
At 1 October 2015 14,461 19,773 100,041 134,275
Charge for year 4,528 616 492 5,636
At 30 September 2016 18,989 20,389 100,533 139,911
NET BOOK VALUE
At 30 September 2016 5,937 1,428 3,688 11,053
At 30 September 2015 7,644 1,722 2,417 11,783

Page 3 continued...
WIZANER LIMITED (REGISTERED NUMBER: 02530183)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2016

3. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2015
and 30 September 2016 3,300
NET BOOK VALUE
At 30 September 2016 3,300
At 30 September 2015 3,300

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Excelsior Systems Limited
Nature of business: Software Consultancy & Supply
%
Class of shares: holding
Ordinary 100.00



4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 12,606 9,090
Other debtors 1,554 1,541
14,160 10,631

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 2,901 7,097
Taxation and social security 1,883 418
Other creditors 20,164 12,949
24,948 20,464

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
7,502 Ordinary £1 7,502 7,502
2 A Ordinary £1 2 2
7,504 7,504

Page 4 continued...
WIZANER LIMITED (REGISTERED NUMBER: 02530183)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2016

7. RESERVES
Profit
and loss
account
£   

At 1 October 2015 8,588
Profit for the year 185
At 30 September 2016 8,773

8. ULTIMATE PARENT COMPANY

The ultimate parent company is General European Components Limited, a company registered in England and
Wales.

9. RELATED PARTY DISCLOSURES

Excelsior Systems Limited

A company in which Mr. P. Grice is the sole director


During the year the company made sales of the following services to Excelsior Systems Limited - a company
with the same directorship.
20162015
££
Management charges24,16719,263
24,16719,263

At the end of the year the company was owed Nil (2015- Nil) from Excelsior Systems Limited.

10. ULTIMATE CONTROLLING PARTY

The company had no ultimate controlling party due to no one person owning more than 50 percent of the
holding company's voting shares.

Page 5