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Company Registration No. 04641849 (England and Wales)
Wise Electrical Developments Limited Unaudited accounts for the year ended 31 March 2023
Wise Electrical Developments Limited Unaudited accounts Contents
Page
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Wise Electrical Developments Limited Company Information for the year ended 31 March 2023
Directors
Mrs A Admans Mr T Admans Mr G Savell Mrs M Savell
Company Number
04641849 (England and Wales)
Registered Office
31 Woodhurst Drive Denham Green Uxbridge Middlesex UB9 5LL
Accountants
Evolve Accounting and Tax Solutions Ltd Congress House 14 Lyon Road Harrow Middlesex HA1 2EN
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Wise Electrical Developments Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
73,350 
59,045 
Current assets
Inventories
5,000 
5,000 
Debtors
79,668 
102,054 
Cash at bank and in hand
265,711 
178,585 
350,379 
285,639 
Creditors: amounts falling due within one year
(145,234)
(111,396)
Net current assets
205,145 
174,243 
Total assets less current liabilities
278,495 
233,288 
Provisions for liabilities
Other provisions
(10,521)
(10,521)
Net assets
267,974 
222,767 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
266,974 
221,767 
Shareholders' funds
267,974 
222,767 
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 6 October 2023 and were signed on its behalf by
Mrs A Admans Director Company Registration No. 04641849
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Wise Electrical Developments Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Wise Electrical Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 04641849. The registered office is 31 Woodhurst Drive, Denham Green, Uxbridge, Middlesex, UB9 5LL.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
21% Reducing Balance Method
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
111,401 
- 
111,401 
Additions
31,990 
1,909 
33,899 
At 31 March 2023
143,391 
1,909 
145,300 
Depreciation
At 1 April 2022
52,356 
- 
52,356 
Charge for the year
19,117 
477 
19,594 
At 31 March 2023
71,473 
477 
71,950 
Net book value
At 31 March 2023
71,918 
1,432 
73,350 
At 31 March 2022
59,045 
- 
59,045 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
79,248 
101,772 
Other debtors
420 
282 
79,668 
102,054 
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Wise Electrical Developments Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
57,715 
51,193 
Trade creditors
12,619 
15,192 
Taxes and social security
47,185 
24,212 
Other creditors
20,843 
18,799 
Loans from directors
1,872 
- 
Accruals
5,000 
2,000 
145,234 
111,396 
7
Average number of employees
During the year the average number of employees was 11 (2022: 11).
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