Widecover Limited in London, W1U 6UE

Description

Data updated on: 01-11-2023

1998 is the date that marks the start of Widecover Limited, the company located at 126-134 Baker Street, in London. That would make twenty six years Widecover has existed on the market, as the company was registered on Thursday 7th May 1998. The firm registration number is 03559431 and its area code is W1U 6UE. The firm's Standard Industrial Classification Code is 82990 meaning Other business support service activities not elsewhere classified. 2022-05-31 is the last time the accounts were filed.

Due to the following firm's growth, it became imperative to appoint additional executives: Jaitej W., Monica W. and Gurvinder S. who have been assisting each other for six years to exercise independent judgement of the company. To help the directors in their tasks, the abovementioned company has been utilizing the expertise of Monica W. as a secretary since 1998.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2012-05-31	2013-05-31	2014-05-31	2015-05-31	2016-05-31	2017-05-31	2018-05-31	2019-05-31	2020-05-31	2021-05-31	2022-05-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	487 073	553 988	693 251	758 155	945 367

Balance Sheet
Cash Bank In Hand	161 007	773 235	402 196	1 138 586	918 383
Cash Bank On Hand					918 383	881 815	1 068 859	1 596 521	524 475	1 243 161	558 246
Current Assets	2 001 539	1 951 201	2 800 810	3 628 475	3 139 418	3 584 970	5 697 659	7 302 447	4 544 623	8 605 927	10 927 165
Debtors	1 251 780	990 447	2 192 476	2 386 466	1 438 469	2 701 001	4 459 735	5 157 766	3 244 401	4 467 397	8 195 609
Net Assets Liabilities							2 127 502	3 729 602	4 639 087	5 400 604	5 845 055
Other Debtors					1 898	1 944	606 656	165 445	2 234	2 234	2 234
Property Plant Equipment					516	320	871	43 396	29 053	14 373	5 385
Stocks Inventory	588 752	187 519	206 138	103 423	782 566
Tangible Fixed Assets	414	207		712	516
Total Inventories					782 566	2 154	119 065	498 160	775 747	2 895 369	2 173 310

Capital & Reserves
Called Up Share Capital	100	100	100	100	100
Profit Loss Account Reserve	486 973	553 888	693 151	758 055	945 267
Shareholder Funds	487 073	553 988	693 251	758 155	945 367

Other Financial Data
Director Remuneration							17 768	16 916	17 308	17 588
Number Directors Accruing Benefits Under Money Purchase Scheme							3	3	3	3
Other Non-audit Services Fees									6 600	8 485
Company Contributions To Money Purchase Plans Directors									93 000	58 000
Accrued Liabilities					15 400	140 850	164 479	108 975	25 715	76 164	251 473
Accumulated Depreciation Impairment Property Plant Equipment					6 438	6 634	7 078	20 058	34 779	49 459	58 687
Additional Provisions Increase From New Provisions Recognised								4 222		-1 800	-691
Administrative Expenses							855 514	604 862
Applicable Tax Rate							19	19	19	19
Average Number Employees During Period						5	5	5	27	28	326
Comprehensive Income Expense							858 526	1 677 100	945 985	802 317	518 251
Corporation Tax Payable					48 750	87 833	202 487	391 977	5 690	191 156	129 548
Cost Sales							10 761 704	14 586 822
Creditors					2 194 567	2 303 814	4 175 996	4 216 987	537 266	541 667	41 667
Creditors Due Within One Year	1 514 880	1 397 420	2 107 559	2 871 032	2 194 567
Current Asset Investments							50 000	50 000
Current Tax For Period							202 487	391 977	5 689	270 465
Debtors Due After One Year	-1 368	-1 368	-1 368	-1 898	-1 898
Deferred Tax Liabilities								4 222	2 491	691
Depreciation Amortisation Expense							445	12 980
Depreciation Expense Property Plant Equipment							444	12 980	59 435	84 368
Dividends Paid						15 000	12 500	75 000	36 500	40 800	73 800
Dividends Paid Classified As Financing Activities							-12 500	-75 000
Dividends Paid On Shares Interim							12 500	75 000	36 500	40 800
Fixed Assets						320	605 839	648 364	634 221	619 541	1 374 553
Further Item Interest Income Component Total Interest Income								3 900
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss							-212 541	14 283	39 486	127 802
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables							1 757 527	-148 499
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables							-1 758 734	-698 031
Gross Profit Loss							1 916 527	2 674 261
Income Taxes Paid Refund Classified As Operating Activities							-87 833	-202 487
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation							187 044	527 662
Increase Decrease In Stocks Inventories Finished Goods Work In Progress							116 911	379 095
Increase From Depreciation Charge For Year Property Plant Equipment						196	444	12 980	14 721	14 680	9 228
Investments Fixed Assets							604 968	604 968	605 168	605 168	1 369 168
Merchandise					782 566	2 154	119 065	498 160	775 747
Net Assets Liabilities Associates							-1 532 227	-3 427 983	-6 395 102	-10 078 476
Net Cash Flows From Used In Financing Activities							12 500	75 000
Net Cash Flows From Used In Investing Activities							605 963	51 605
Net Cash Flows From Used In Operating Activities							-805 507	-654 267
Net Cash Generated From Operations							-893 340	-856 754
Net Current Assets Liabilities	486 659	553 781	693 251	757 443	944 851	1 281 156	1 521 663	3 085 460	4 007 357	5 323 421	4 512 169
Net Interest Received Paid Classified As Investing Activities								-3 900
Number Shares Allotted		100		100	100
Number Shares Issued Fully Paid						100	100	100	100	100	100
Operating Profit Loss							1 061 013	2 069 399
Other Current Asset Investments Balance Sheet Subtotal							50 000	50 000
Other Deferred Tax Expense Credit								4 222	70 499	2 408
Other Interest Receivable Similar Income Finance Income								3 900
Other Investments Other Than Loans							604 968	604 968
Other Taxation Social Security Payable					614	721	470	463		283	294
Par Value Share		1		1	1	1	1	1
Pension Other Post-employment Benefit Costs Other Pension Costs							93 562	68 000	143 084	114 938
Percentage Class Share Held In Associate							40	40	40	40	40
Prepayments					1 287	2 342	3 021	707		303 726	172 680
Prepayments Accrued Income					17 451
Profit Loss						351 109	858 526	2 441 559	945 985	802 317	518 251
Profit Loss From Continuing Operations Associates							374 941	1 911 147	3 193 116	4 357 089
Profit Loss On Ordinary Activities Before Tax							1 061 013	2 837 758	1 644 217	3 145 748
Property Plant Equipment Gross Cost					6 954	6 954	7 949	63 454	63 832	63 832	64 072
Provisions								4 222	2 491	691
Provisions For Liabilities Balance Sheet Subtotal								4 222	2 491	691
Purchase Property Plant Equipment							-995	-55 505
Recoverable Value-added Tax					4 584	2 370		45 659	2 408
Share Capital Allotted Called Up Paid	100	100	100	100	100
Social Security Costs							449	449	44 379	50 065
Staff Costs Employee Benefits Expense							141 303	101 661	723 977	909 188
Tangible Fixed Assets Additions				783
Tangible Fixed Assets Cost Or Valuation	6 171		6 171	6 954
Tangible Fixed Assets Depreciation	5 757	5 964	6 171	6 242	6 438
Tangible Fixed Assets Depreciation Charged In Period		207		71	196
Tax Expense Credit Applicable Tax Rate							201 592	539 174	312 401	597 692
Tax Increase Decrease From Effect Capital Allowances Depreciation							-150	-3 300	-66 297	2 517
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss							1 045	1 350	1 878	1 778
Tax Tax Credit On Profit Or Loss On Ordinary Activities							202 487	396 199	76 188	272 873
Total Additions Including From Business Combinations Property Plant Equipment							995	55 505	378		240
Total Assets Less Current Liabilities	487 073	553 988	693 251	758 155	945 367	1 281 476	2 127 502	3 733 824	4 641 578	5 942 962	5 886 722
Trade Creditors Trade Payables					2 126 914	2 070 682	3 800 763	2 793 650	478 309	1 997 390	3 024 164
Trade Debtors Trade Receivables					1 175 037	2 529 706	3 850 058	4 945 955	1 675 094	2 604 157	5 611 878
Turnover Revenue							12 678 231	17 261 083	17 066 419	23 116 119
Wages Salaries							47 292	33 212	536 514	744 185
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss									-1 731
Amounts Owed By Group Undertakings									1 384 876	1 377 489	1 289 511
Amounts Owed To Group Undertakings											615 231
Bank Borrowings										458 333	500 000
Bank Borrowings Overdrafts										541 667	41 667
Deferred Tax Expense Credit From Unrecognised Timing Difference From Prior Period									384
Further Item Interest Expense Component Total Interest Expense										777
Intangible Assets									1	1
Intangible Assets Gross Cost									1
Interest Expense On Bank Loans Similar Borrowings									863	8 662
Interest Expense On Bank Overdrafts									9
Interest Payable Similar Charges Finance Costs									872	9 439
Investments In Group Undertakings									200	200	1 369 168
Investments In Joint Ventures								604 968	604 968	604 968	-604 968
Issue Equity Instruments								100
Net Assets Liabilities Subsidiaries									630 837	367 867	-17 175 502
Other Creditors											857 741
Percentage Class Share Held In Subsidiary									100	100	72
Profit Loss Subsidiaries									-630 937	262 970	6 564 040
Raw Materials									775 747	2 895 369	2 173 310
Tax Decrease From Utilisation Tax Losses										384
Tax Increase Decrease Arising From Group Relief Tax Reconciliation								4 222	70 499
Total Additions Including From Business Combinations Intangible Assets									1
Total Operating Lease Payments									31 010	35 585

Company staff

Jaitej W.

Role: Director

Appointed: 01 February 2018

Latest update: 23 January 2024

Monica W.

Role: Director

Appointed: 22 March 2004

Latest update: 23 January 2024

Monica W.

Role: Secretary

Appointed: 01 June 1998

Latest update: 23 January 2024

Gurvinder S.

Role: Director

Appointed: 01 June 1998

Latest update: 23 January 2024

People with significant control

Executives with significant control over the firm are: Gurvinder S. owns 1/2 or less of company shares and has 1/2 or less of voting rights. Monica W. owns 1/2 or less of company shares and has 1/2 or less of voting rights.

Gurvinder S.

Notified on 6 April 2016

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Monica W.

Notified on 6 April 2016

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Accounts Documents

Account next due date	29 February 2024
Account last made up date	31 May 2022
Confirmation statement next due date	21 May 2024
Confirmation statement last made up date	07 May 2023

Annual Accounts 23 February 2016
Start Date For Period Covered By Report	01 June 2014
End Date For Period Covered By Report	31 May 2015
Date Approval Accounts	23 February 2016
Annual Accounts 31 January 2017
Start Date For Period Covered By Report	01 June 2015
End Date For Period Covered By Report	31 May 2016
Date Approval Accounts	31 January 2017
Annual Accounts
Start Date For Period Covered By Report	01 June 2016
End Date For Period Covered By Report	31 May 2017
Annual Accounts
Start Date For Period Covered By Report	01 June 2017
End Date For Period Covered By Report	31 May 2018
Annual Accounts
Start Date For Period Covered By Report	01 June 2018
End Date For Period Covered By Report	31 May 2019
Annual Accounts
Start Date For Period Covered By Report	01 June 2019
End Date For Period Covered By Report	31 May 2020
Annual Accounts
Start Date For Period Covered By Report	01 June 2020
End Date For Period Covered By Report	31 May 2021
Annual Accounts
Start Date For Period Covered By Report	01 June 2021
End Date For Period Covered By Report	31 May 2022
Annual Accounts 7 October 2013
End Date For Period Covered By Report	31 May 2013
Date Approval Accounts	7 October 2013

Widecover Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Jaitej W.

Monica W.

Monica W.

Gurvinder S.

Rwl Registrars Limited

Bonusworth Limited

People with significant control

Gurvinder S.

Monica W.

Accounts Documents

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