Company Registration No. 10008196 (England and Wales)
INNER WISDOM LIMITED
Unaudited accounts
for the year ended 31 March 2023
INNER WISDOM LIMITED
Unaudited accounts
Contents
INNER WISDOM LIMITED
Company Information
for the year ended 31 March 2023
Directors
Dr Shoshanna Garfield
Dr Alexander Mitrofanov
Company Number
10008196 (England and Wales)
Registered Office
205 Plumstead High Street
London
SE18 1HE
Accountants
Angela MacCarthy Limited T A On The Spot
7 Chalfont Drive
Hove
East Sussex
BN3 6QR
INNER WISDOM LIMITED
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
10,694
20,901
Creditors: amounts falling due within one year
(17,758)
(24,694)
Net current liabilities
(425)
(684)
Called up share capital
10
10
Profit and loss account
-
118
Shareholders' funds
10
128
For the year ending 31 March 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2023 and were signed on its behalf by
Dr Shoshanna Garfield
Director
Company Registration No. 10008196
INNER WISDOM LIMITED
Notes to the Accounts
for the year ended 31 March 2023
INNER WISDOM LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10008196. The registered office is 205 Plumstead High Street, London, SE18 1HE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services. Payments received in advance are included in creditors.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.3% per annum straight line
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.
4
Tangible fixed assets
Computer equipment
INNER WISDOM LIMITED
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Accrued income and prepayments
1,470
366
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
6,159
5,913
Loans from directors
-
11,027
Deferred income
7,794
4,196
7
Transactions with related parties
The transactions with the directors and shareholders have not been conducted under normal market conditions: A balance of £4,207 is owed by the directors at the year end. No interest is being charged by the company.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).