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REGISTERED NUMBER: 13868577 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Wonderise Limited

Wonderise Limited (Registered number: 13868577)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wonderise Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: B E P Tay





REGISTERED OFFICE: First Floor
85 Great Portland Street
London
W1W 7LT





REGISTERED NUMBER: 13868577 (England and Wales)





ACCOUNTANTS: Wilson & Co
Chartered Certified Accountants
3rd Floor
9 St. Clare Street
London
EC3N 1LQ

Wonderise Limited (Registered number: 13868577)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,478 6,552

CURRENT ASSETS
Stocks 354,887 140,083
Debtors 5 375,994 364,852
Cash at bank 89,551 38,227
820,432 543,162
CREDITORS
Amounts falling due within one year 6 368,046 272,727
NET CURRENT ASSETS 452,386 270,435
TOTAL ASSETS LESS CURRENT
LIABILITIES

458,864

276,987

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 458,863 276,986
458,864 276,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Wonderise Limited (Registered number: 13868577)

Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 18 April 2024 and were signed by:





B E P Tay - Director


Wonderise Limited (Registered number: 13868577)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Wonderise 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 20% on cost

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

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Wonderise Limited (Registered number: 13868577)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 8,735
Additions 2,814
At 31 January 2024 11,549
DEPRECIATION
At 1 February 2023 2,183
Charge for year 2,888
At 31 January 2024 5,071
NET BOOK VALUE
At 31 January 2024 6,478
At 31 January 2023 6,552

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 103,864 184,625
Other debtors 272,130 180,227
375,994 364,852

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 46,957 -
Payments on account - 44,245
Trade creditors 1,561 50,090
Taxation and social security 63,065 68,992
Other creditors 256,463 109,400
368,046 272,727

Wonderise Limited (Registered number: 13868577)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 January 2024 and the period ended 31 January 2023:

31.1.24 31.1.23
£    £   
B E P Tay
Balance outstanding at start of year (86,798 ) -
Amounts advanced (41,773 ) (86,798 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (128,571 ) (86,798 )