IRIS Accounts Production v23.3.0.418 05207145 director 30.6.23 1.7.22 30.6.23 30.6.23 true true true false true true false false false true false Ordinary 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure052071452022-06-30052071452023-06-30052071452022-07-012023-06-30052071452021-06-30052071452021-07-012022-06-30052071452022-06-3005207145ns16:EnglandWales2022-07-012023-06-3005207145ns15:PoundSterling2022-07-012023-06-3005207145ns11:Director12022-07-012023-06-3005207145ns11:CompanySecretary12022-07-012023-06-3005207145ns11:Consolidated2023-06-3005207145ns11:ConsolidatedGroupCompanyAccounts2022-07-012023-06-3005207145ns11:PrivateLimitedCompanyLtd2022-07-012023-06-3005207145ns11:FRS102ns11:Consolidated2022-07-012023-06-3005207145ns11:Auditedns11:Consolidated2022-07-012023-06-3005207145ns11:LargeMedium-sizedCompaniesRegimeForDirectorsReport2022-07-012023-06-3005207145ns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-07-012023-06-3005207145ns11:Consolidatedns11:LargeMedium-sizedCompaniesRegimeForDirectorsReport2022-07-012023-06-3005207145ns11:LargeMedium-sizedCompaniesRegimeForAccountsns11:Consolidated2022-07-012023-06-3005207145ns11:FullAccounts2022-07-012023-06-3005207145ns6:Subsidiary12022-07-012023-06-3005207145ns11:OrdinaryShareClass12022-07-012023-06-3005207145ns11:Consolidated2022-07-012023-06-3005207145ns11:RegisteredOffice2022-07-012023-06-3005207145ns11:Consolidated2021-07-012022-06-3005207145ns6:CurrentFinancialInstruments2023-06-3005207145ns6:CurrentFinancialInstruments2022-06-3005207145ns6:ShareCapital2023-06-3005207145ns6:ShareCapital2022-06-3005207145ns6:SharePremium2023-06-3005207145ns6:SharePremium2022-06-3005207145ns6:CapitalRedemptionReserve2023-06-3005207145ns6:CapitalRedemptionReserve2022-06-3005207145ns6:RetainedEarningsAccumulatedLosses2023-06-3005207145ns6:RetainedEarningsAccumulatedLosses2022-06-3005207145ns6:ShareCapital2021-06-3005207145ns6:RetainedEarningsAccumulatedLosses2021-06-3005207145ns6:SharePremium2021-06-3005207145ns6:CapitalRedemptionReserve2021-06-3005207145ns6:RetainedEarningsAccumulatedLosses2021-07-012022-06-3005207145ns6:CapitalRedemptionReserve2021-07-012022-06-3005207145ns6:RetainedEarningsAccumulatedLosses2022-07-012023-06-3005207145ns6:CapitalRedemptionReserve2022-07-012023-06-3005207145ns6:OwnedOrFreeholdAssetsns6:LandBuildings2022-07-012023-06-3005207145ns6:LongLeaseholdAssetsns6:LandBuildings2022-07-012023-06-3005207145ns6:FurnitureFittings2022-07-012023-06-3005207145ns6:LandBuildings2022-06-3005207145ns6:FurnitureFittings2022-06-3005207145ns6:LandBuildings2022-07-012023-06-3005207145ns6:LandBuildings2023-06-3005207145ns6:FurnitureFittings2023-06-3005207145ns6:LandBuildings2022-06-3005207145ns6:FurnitureFittings2022-06-3005207145ns6:CostValuation2022-06-30052071451ns6:Subsidiary12022-07-012023-06-3005207145ns6:Subsidiary12023-06-3005207145ns6:Subsidiary12022-06-3005207145ns6:Subsidiary12021-07-012022-06-3005207145ns6:WithinOneYearns6:CurrentFinancialInstruments2023-06-3005207145ns6:WithinOneYearns6:CurrentFinancialInstruments2022-06-3005207145ns6:Non-currentFinancialInstruments2023-06-3005207145ns6:Non-currentFinancialInstruments2022-06-3005207145ns6:WithinOneYear2023-06-3005207145ns6:WithinOneYear2022-06-3005207145ns6:BetweenOneFiveYears2023-06-3005207145ns6:BetweenOneFiveYears2022-06-3005207145ns6:AllPeriods2023-06-3005207145ns6:AllPeriods2022-06-3005207145ns6:DeferredTaxation2022-06-3005207145ns6:DeferredTaxation2022-07-012023-06-3005207145ns6:DeferredTaxation2023-06-3005207145ns11:OrdinaryShareClass12023-06-3005207145ns6:RetainedEarningsAccumulatedLosses2022-06-3005207145ns6:SharePremium2022-06-3005207145ns6:CapitalRedemptionReserve2022-06-30
REGISTERED NUMBER: 05207145 (England and Wales)
















Group Strategic Report, Report of the Director and

Consolidated Financial Statements

for the Year Ended 30 June 2023

for

WIDER PLAN LTD

WIDER PLAN LTD (REGISTERED NUMBER: 05207145)






Contents of the Consolidated Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Group Strategic Report 2

Report of the Director 5

Report of the Independent Auditors 6

Consolidated Statement of Comprehensive Income 8

Consolidated Statement of Financial Position 9

Company Statement of Financial Position 10

Consolidated Statement of Changes in Equity 11

Company Statement of Changes in Equity 12

Consolidated Statement of Cash Flows 13

Notes to the Consolidated Statement of Cash Flows 14

Notes to the Consolidated Financial Statements 15


WIDER PLAN LTD

Company Information
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: A.E. Chalmers



SECRETARY: A.E. Chalmers



REGISTERED OFFICE: 11-16 Chestnut Court
Jill Lane Sambourne
Redditch
B96 6EW



REGISTERED NUMBER: 05207145 (England and Wales)



SENIOR STATUTORY AUDITOR: S Philpott



AUDITORS: Copia Wealth & Tax Limited
Chartered Accountants
Statutory Auditors
8 Pendeford Place
Pendeford Business Park
Wobaston Road
Wolverhampton
WV9 5HD

WIDER PLAN LTD (REGISTERED NUMBER: 05207145)

Group Strategic Report
FOR THE YEAR ENDED 30 JUNE 2023

The director presents her strategic report of the company and the group for the year ended 30 June 2023.

Business review

Wider Plan specialises in the design, development and administration of employee benefits and outsourced Government services. Wider Plan's products are marketed at a competitive and sustainable price-point, with a business model based on high quality service, excellent customer satisfaction and long-term client retention.

Our commitment to providing cost-effective solutions which meet clients' needs continues to attract public sector and SME clients alongside charities and larger private sector employers, providing a diversified client base which creates opportunities and mitigates market risks.

Corporate social responsibility remains integral to Wider Plan's operations, with carbon-offset donations being made to local wildlife trusts and with expired childcare vouchers being used to support charitable causes. Wider Plan's own charitable foundation - Wider Community - continues to focus on involving employees in charitable giving and supporting a wide range of UK charities.

Wider Plan holds the ISO9001 accreditation, demonstrating consistent achievement of long-standing Quality Objectives, selected to cover our three priority areas of: customer satisfaction and retention; growth and diversification; and valuing our workforce and wider community.

Wider Plan also holds the ISO27001 accreditation, demonstrating commitment to IT security and data protection across our operations. These accreditations are further complemented by Wider Plan's status as a BACS Approved Bureau.

Wider Plan values its long-established and well-trained workforce. The company continues to invest in the wellbeing of its own employees, alongside investing in the development of employee wellbeing services for the benefit of clients.

The Wider Plan's gender split was as follows at year end:

Male Female
Directors 1
Departmental Heads 1 3
Other Staff 14 29

Wider Ambition's gender split was as follows at year end:

Male Female
Directors 1
Leadership team 6
Other Staff 5 18


Wider Plan extended its diversification into the education sector in 2021 via its subsidiary, Wider Ambition Ltd by opening its first independent school for students with autism and anxiety with students enrolling from June 2021. During 22/23, the school increased its pupil roll and opened a specialist sixth form college in September 2022. Plans are in place to increase the provision offered in 23/24 and beyond.



Principle risks and key performance indicators


Risk 1 Wider Plan's KiddiVouchers scheme, which forms part of our employee benefit revenue,
has been closed to new members since October 2018. The closure was in accordance
with legislative change following the Government's decision to replace Childcare Voucher
Schemes with a centrally-administered Tax-Free Childcare Scheme. The decline in
KiddiVouchers revenue during 2022/23 was in line with in-house forecasts; revenue from
this service is forecast to continue to decline.





WIDER PLAN LTD (REGISTERED NUMBER: 05207145)

Group Strategic Report
FOR THE YEAR ENDED 30 JUNE 2023

Mitigation Wider Plan remains committed to providing a sustainable run-off service for
KiddiVouchers. The risk that the decline in KiddiVouchers revenue will affect the
administration of the KiddiVouchers service has been mitigated by the successful
diversification of group operations, including public sector outsourced services and
specialist education.Clients additionally benefit from the assurance of voucher funds
being held in trust and correspondingly off balance sheet. Wider Plan continues to invest
in maintaining and developing attractive products for the employee benefits market, with
in-house development and project management expertise facilitating customised solutions
and a responsive approach to client requirements.




KPI Despite the impact of the legislative change on KiddiVouchers revenue, Wider Plan's
overall operating margin remained strong at 53.5% (48.6% in 2021/22).The increase in
operating margin was primarily due to increased investment returns, reflecting a
favourable bank base rate. The proportion of Wider Plan's revenue arising from public
sector services and wider employee benefit contracts increased to 62.3% in 2022/23
(47.4% in 2021/22), demonstrating a reduced exposure to revenue risk in relation to
KiddiVouchers. Number of students enrolled in Wider Ambition at 30/6/2023: 21 (10 at
30/6/2022).






Risk 2 Wider Plan's diversification into education relies on Wider Plan providing loans to its
subsidiary Wider Ambition and to an associated property company, Fair Housing Ltd. The
total amount of business-to-business loans is forecast to increase for at least two years to
cover initial investment in Wider Ambition. Any investment in a new venture inevitably
carries risk of loss. The consequential risk to Wider Plan would be a delay or default in the
repayment of the business-to-business loans.




Mitigation Wider Ambition and Fair Housing are paying interest to Wider Plan at a commercially
appropriate rate. Wider Plan continues to retain a significant cash balance and there is no
expectation that the business-to-business loans will affect Wider Plan's cashflow position or
viability, even in the unexpected event of a default. The loans to Fair Housing have been
used to purchase property and are therefore backed by real assets.




KPI Total B2B loans: £5,210,158 at 30/6/2023 (£4,070,743 at 30/6/2022).





Risk 3 The successful management of the run-off of KiddiVouchers business depends on
sufficient knowledge of the scheme and associated systems being retained within Wider
Plan. Any significant change in the source of business income carries a risk of loss of
key staff.




Mitigation Wider Plan has a long-term strategy of investing in staff wellbeing, training and
procedural documentation. The strategy of pro-active diversification is being well
received by staff and providing opportunities for career progression.





WIDER PLAN LTD (REGISTERED NUMBER: 05207145)

Group Strategic Report
FOR THE YEAR ENDED 30 JUNE 2023

KPI Percentage of staff employed at Wider Plan for more than 5 years: 86% at 30/6/2023
(85% at 30/6/2022).




Risk 4 The amount of childcare vouchers which each scheme user is permitted to order is
capped by legislation, which affects the extent to which revenue will increase in line with
costs in an inflationary environment. Employee benefit clients are increasingly on
annual or longer-term contracts which also delays the opportunity for inflationary price
increases.




Mitigation The active management of investments will facilitate increased incoming interest
payments to offset high inflation. The increased investment income will lag behind
increased inflation; however, Wider Plan has ample reserves so this will not create
cashflow difficulties.




KPI Investment income: £727,225 to 30/6/2023 (£183,263 to 30/6/2022)


ON BEHALF OF THE BOARD:





A.E. Chalmers - Secretary


28 March 2024

WIDER PLAN LTD (REGISTERED NUMBER: 05207145)

Report of the Director
FOR THE YEAR ENDED 30 JUNE 2023

The Director presents her report and the financial statements for the year ended 30 June 2023.

PRINCIPAL ACTIVITY
The principal activity of the company during the year under review was the administration of employee benefits.

DIVIDENDS
The total distribution of dividends for the year ended 30 June 2023 was £32,000 (2022: £20,000).

DIRECTOR
A.E. Chalmers held office during the whole of the period from 1 July 2022 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The Director is responsible for preparing the Director's report and the accounts in accordance with applicable law and regulations.

Company law requires the director to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:

* select suitable accounting policies and then apply them consistently;

* make judgements and estimates that are reasonable and prudent;

* prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the company will continue in business.

Statement of disclosure of information to auditor
So far as the directors are aware, there is no relevant audit information of which the company's auditors are unaware and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant information and to establish that the company's auditors are aware of that information.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and she has taken all the steps that she ought to have taken as a director in order to make herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, Copia Wealth & Tax Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





A.E. Chalmers - Secretary


28 March 2024

Report of the Independent Auditors to the Members of
Wider Plan Ltd

Opinion
We have audited the financial statements of Wider Plan Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 June 2023 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
- give a true and fair view of the state of the group and parent company's affairs as at 30 June 2022 and of the group's profit for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Report of the Independent Auditors to the Members of
Wider Plan Ltd


Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page five, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal control.
- We review financial statement disclosures and undertake testing to supporting documentation to assess compliance with applicable laws and regulations.
- We perform audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business.
- We evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
- We enquire of management around actual and potential litigation and claims.
- We conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the union's ability to continue as a going concern.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




S Philpott (Senior Statutory Auditor)
for and on behalf of Copia Wealth & Tax Limited
Chartered Accountants
Statutory Auditors
8 Pendeford Place
Pendeford Business Park
Wobaston Road
Wolverhampton
WV9 5HD

28 March 2024

WIDER PLAN LTD (REGISTERED NUMBER: 05207145)

Consolidated
Statement of Comprehensive
Income
FOR THE YEAR ENDED 30 JUNE 2023

2023 2022
Notes £    £   

TURNOVER 3 4,215,126 3,951,055

Administrative expenses 3,951,998 2,708,926
263,128 1,242,129

Other operating income 4 749,827 172,999
OPERATING PROFIT 6 1,012,955 1,415,128

Interest receivable and similar income 7,504 -
1,020,459 1,415,128

Interest payable and similar expenses 8 1,628 4,138
PROFIT BEFORE TAXATION 1,018,831 1,410,990

Tax on profit 9 164,587 218,516
PROFIT FOR THE FINANCIAL YEAR 854,244 1,192,474

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

854,244

1,192,474

Profit attributable to:
Owners of the parent 854,244 1,192,474

Total comprehensive income attributable to:
Owners of the parent 854,244 1,192,474

WIDER PLAN LTD (REGISTERED NUMBER: 05207145)

Consolidated Statement of Financial Position
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 12 2,246,230 1,840,551
Investments 13 - -
2,246,230 1,840,551

CURRENT ASSETS
Debtors 14 5,868,278 3,936,069
Cash at bank 5,963,406 5,174,741
11,831,684 9,110,810
CREDITORS
Amounts falling due within one year 15 1,455,844 1,262,247
NET CURRENT ASSETS 10,375,840 7,848,563
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,622,070

9,689,114

CREDITORS
Amounts falling due after more than one
year

16

(2,095,976

)

-

PROVISIONS FOR LIABILITIES 19 (48,329 ) (33,592 )
NET ASSETS 10,477,765 9,655,522

CAPITAL AND RESERVES
Called up share capital 20 150 150
Share premium 21 4,900 4,900
Capital redemption reserve 21 150 150
Retained earnings 21 10,472,565 9,650,322
SHAREHOLDER FUNDS 10,477,765 9,655,522

The financial statements were approved by the director and authorised for issue on 28 March 2024 and were signed by:





A.E. Chalmers - Director


WIDER PLAN LTD (REGISTERED NUMBER: 05207145)

Company Statement of Financial Position
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 12 1,675,975 1,644,202
Investments 13 100 100
1,676,075 1,644,302

CURRENT ASSETS
Debtors 14 5,782,229 4,876,804
Cash at bank 5,461,837 5,165,515
11,244,066 10,042,319
CREDITORS
Amounts falling due within one year 15 1,253,616 1,202,212
NET CURRENT ASSETS 9,990,450 8,840,107
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,666,525

10,484,409

PROVISIONS FOR LIABILITIES 19 48,329 33,592
NET ASSETS 11,618,196 10,450,817

CAPITAL AND RESERVES
Called up share capital 20 150 150
Share premium 21 4,900 4,900
Capital redemption reserve 21 150 150
Retained earnings 21 11,612,996 10,445,617
SHAREHOLDERS' FUNDS 11,618,196 10,450,817

Company's profit for the financial year 1,199,379 1,323,655

The financial statements were approved by the director and authorised for issue on 28 March 2024 and were signed by:





A.E. Chalmers - Director


WIDER PLAN LTD (REGISTERED NUMBER: 05207145)

Consolidated Statement of Changes in Equity
FOR THE YEAR ENDED 30 JUNE 2023

Called up Capital
share Retained Share redemption Total
capital earnings premium reserve equity
£    £    £    £    £   

Balance at 1 July 2021 150 8,477,848 4,900 150 8,483,048

Changes in equity
Dividends - (20,000 ) - - (20,000 )
Total comprehensive income - 1,192,474 - - 1,192,474
Balance at 30 June 2022 150 9,650,322 4,900 150 9,655,522

Changes in equity
Dividends - (32,000 ) - - (32,000 )
Total comprehensive income - 854,244 - - 854,244
Balance at 30 June 2023 150 10,472,566 4,900 150 10,477,766

WIDER PLAN LTD (REGISTERED NUMBER: 05207145)

Company Statement of Changes in Equity
FOR THE YEAR ENDED 30 JUNE 2023

Called up Capital
share Retained Share redemption Total
capital earnings premium reserve equity
£    £    £    £    £   

Balance at 1 July 2021 150 9,141,962 4,900 150 9,147,162

Changes in equity
Dividends - (20,000 ) - - (20,000 )
Total comprehensive income - 1,323,655 - - 1,323,655
Balance at 30 June 2022 150 10,445,617 4,900 150 10,450,817

Changes in equity
Dividends - (32,000 ) - - (32,000 )
Total comprehensive income - 1,199,379 - - 1,199,379
Balance at 30 June 2023 150 11,612,996 4,900 150 11,618,196

WIDER PLAN LTD (REGISTERED NUMBER: 05207145)

Consolidated Statement of Cash Flows
FOR THE YEAR ENDED 30 JUNE 2023

2023 2022
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,894,669 736,244
Interest paid (1,628 ) (4,138 )
Tax paid (380,569 ) 73,414
Net cash from operating activities 1,512,472 805,520

Cash flows from investing activities
Purchase of tangible fixed assets (580,602 ) (699,752 )
Loans to related parties 14,826 (1,550,000 )
Interest received 7,504 -
Net cash from investing activities (558,272 ) (2,249,752 )

Cash flows from financing activities
Amount introduced by directors - 62,636
Amount withdrawn by directors (22,204 ) -
Repayment of borrowings (111,331 ) (161,861 )
Equity dividends paid (32,000 ) (20,000 )
Net cash from financing activities (165,535 ) (119,225 )

Increase/(decrease) in cash and cash equivalents 788,665 (1,563,457 )
Cash and cash equivalents at beginning
of year

2

5,174,741

6,738,198

Cash and cash equivalents at end of year 2 5,963,406 5,174,741

WIDER PLAN LTD (REGISTERED NUMBER: 05207145)

Notes to the Consolidated Statement of Cash Flows
FOR THE YEAR ENDED 30 JUNE 2023

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
2023 2022
£    £   
Profit before taxation 1,018,831 1,410,990
Depreciation charges 174,923 104,370
Finance costs 1,628 4,138
Finance income (7,504 ) -
1,187,878 1,519,498
Decrease/(increase) in trade and other debtors 148,941 (532,540 )
Increase/(decrease) in trade and other creditors 557,850 (250,714 )
Cash generated from operations 1,894,669 736,244

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 30 June 2023
30.6.23 1.7.22
£    £   
Cash and cash equivalents 5,963,406 5,174,741
Year ended 30 June 2022
30.6.22 1.7.21
£    £   
Cash and cash equivalents 5,174,741 6,738,198


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.7.22 Cash flow At 30.6.23
£    £    £   
Net cash
Cash at bank 5,174,741 788,665 5,963,406
5,174,741 788,665 5,963,406
Total 5,174,741 788,665 5,963,406

WIDER PLAN LTD (REGISTERED NUMBER: 05207145)

Notes to the Consolidated Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023

1. GENERAL INFORMATION

Wider Plan Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 05207145
Its registered office is:
11-16 Chestnut Court
Jill Lane
Sambourne
Redditch

The functional and presentational currency of the company is Sterling. The accounts are rounded to the
nearest pound.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

The financial statements have been prepared in accordance with FRS 102 - The Financial Reporting
Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Other operating income includes interest received on funds invested of £749,827 (2022: £160,119). Voucher funds are actively managed as a key part of operations and earnings therefrom are explicitly considered in the company's pricing model. The Director considers that the inclusion of interest received within operating profit is necessary to ensure that the accounts show a true and fair view of the results of operations. Operating profits excluding interest received is £288,534 (2022: £1,242,129).

Revenue from the sale of goods is recognised when all the following conditions are satisfied:

•the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;
•the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
•the amount of revenue can be measured reliably;
•it is probable that the economic benefits associated with the transaction will flow to the Company;
and
•the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Borrowing costs

Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale.

Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

WIDER PLAN LTD (REGISTERED NUMBER: 05207145)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on reducing balance
Land and buildings leasehold - 20% on cost
Fixtures and fittings - 20% on cost

Land and buildings held and used in the Company's own activities for production and supply of goods or for administrative purposes are stated in the statement of financial position at their revalued amounts.
The revalued amounts equate to the fair value at the date of revaluation, less any depreciation or impairment losses subsequently accumulated. Revaluations are carried out regularly so that the carrying amounts do not materially differ from using the fair value at the date of the statement of financial position.

Any revaluation increase or decrease on land and buildings is credited to the property revaluation reserve. Depreciation on revalued buildings is charged to profit or loss so as to write off their value, less residual value, over their estimated useful lives, using the straight-line method.

Once a revalued property is sold or retired any attributable revaluation surplus that is remaining in the property revaluation reserve is transferred to retained earnings. No transfer is made from the revaluation reserve to retained earnings unless an asset is derecognised.
Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation on plant and equipment is charged to profit or loss so as to write off their value, over their estimated useful lives, using the straight-line method.

Assets held under finance leases are depreciated in the same manner as owned assets.

At each balance sheet date, the Company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount.
Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life:
Freehold buildings 2% Reducing balance
Furniture, fittings and equipment 20% Straight lime

The freehold property was valued by Stephen Dallimore BSc MRICS on the basis of market value with
vacant possession as at 26th January 2018. Subsequent additions of £463,868 are included at cost. The historical cost was £1,940,852 (2022: £1,940,852) and cumulative depreciation based on historical cost is £331,095 (2022: £298,243)

Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit
and loss account.

No depreciation is provided in respect of investment properties.


WIDER PLAN LTD (REGISTERED NUMBER: 05207145)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.
Deferred tax liabilities are generally recognised for all taxable temporary differences Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Defined contribution pensions
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as an expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Discontinued operation
A discontinued operation is a component of the Company's business, the operations and cash flows of which can be clearly distinguished from the rest of the Company and which represents a separate major line of business or geographical area of operations, or is part of a signal coordinated disposal of a separate major line of business or geographical area of operations, or is a subsidiary acquired exclusively with a review to resale.

Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Income Statement in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Statement of Financial position.

WIDER PLAN LTD (REGISTERED NUMBER: 05207145)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank
loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at
amortised cost using the effective interest method.

Finance costs

Finance costs are charged to the Income Statement over the term of the debt using the effective interest
rate method so that the amount charged is at a constant rate on the carrying amount. Issue costs are
initially recognised as a reduction in the proceeds of the associated capital instrument.

Interest bearing borrowings

Interest-bearing borrowings are recognised initially at fair value less attributable transaction costs.
Subsequent to initial recognition, interest-bearing borrowings are stated at amortised cost with any difference between the amount initially recognised and redemption value being recognised in the statement of comprehensive income over the period of the borrowings, together with any interest and fees payable, using the effective interest method.

Related parties
For the purposes of these financial statements, a party is considered to be related to the Company if:

the party has the ability, directly or indirectly, through one or more intermediaries, to control the Company or exercise significant influence over the company in making financial and operating policy decisions, or has joint control over the Company;
• the Company and the party are subject to common control;
• the party is an associate of the Company or a joint venture in which the Company is a venturer;
• the party is a member of key management personnel of the Company or the Company’s parent, or a
close family member of such an individual, or is an entity under the control, joint control or significant influence of such individuals;
• the party is a close family member of a party referred to in (i) or is an entity under the control, joint control or significant influence of such individuals; or
• the party is a post-employment benefit plan which is for the benefit of employees of the Company or of any entity that is a related party of the Company.

Close family members of an individual are those family members who may be expected to influence, or be influenced by, that individual in their dealings with the entity.

Discontinued operation

A discontinued operation is a component of the Company's business, the operations and cash flows of
which can be clearly distinguished from the rest of the Company and which represents a separate major line of business or geographical area of operations, or is part of a signal coordinated disposal of a separate major line of business or geographical area of operations, or is a subsidiary acquired exclusively with a review to resale.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Income Statement in the year that the Company becomes
aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Statement of Financial

WIDER PLAN LTD (REGISTERED NUMBER: 05207145)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above). Contingent rentals are recognised as expenses in the periods in which they are incurred.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed. Contingent rentals arising under operating leases are recognised as an expense in the period in which they are incurred.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

3. TURNOVER

Revenue generated relates to the U.K. market.

4. OTHER OPERATING INCOME
2023 2022
£    £   
Other operating income 749,827 160,119
CJRS Grant - 12,880
749,827 172,999

5. EMPLOYEES AND DIRECTORS
2023 2022
£    £   
Wages and salaries 2,375,836 1,809,969
Other pension costs 349,725 183,884
2,725,561 1,993,853

The average number of employees during the year was as follows:
2023 2022

Administration 7 7
Production 58 43
Research and development 8 8
Sales and marketing 4 6
77 64

The average number of employees by undertakings that were proportionately consolidated during the year was 29 (2022 - 13 ) .

WIDER PLAN LTD (REGISTERED NUMBER: 05207145)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. EMPLOYEES AND DIRECTORS - continued

2023 2022
£    £   
Director's remuneration 76,222 51,860

6. OPERATING PROFIT

The operating profit is stated after charging:

2023 2022
£    £   
Other operating leases 238,907 72,888
Depreciation - owned assets 174,923 104,370

7. AUDITORS' REMUNERATION
2023 2022
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

15,000

13,000

The audit fee in respect of the company's subsidiary was £6,000 (2022: £4,600).

8. INTEREST PAYABLE AND SIMILAR EXPENSES
2023 2022
£    £   
Mortgage interest 1,628 4,138

9. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 149,850 213,652

Deferred tax 14,737 4,864
Tax on profit 164,587 218,516

UK corporation tax has been charged at 20.50 % (2022 - 19 %).

WIDER PLAN LTD (REGISTERED NUMBER: 05207145)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023

9. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2023 2022
£    £   
Profit before tax 1,018,831 1,410,990
Profit multiplied by the standard rate of corporation tax in the UK of 20.500
% (2022 - 19 %)

208,860

268,088

Effects of:
Capital allowances in excess of depreciation (15,824 ) (15,034 )
Adjustments to tax charge in respect of previous periods 21 -
Research and development costs uplift for tax purposes (43,207 ) (39,402 )
Deferred tax 14,737 4,864
Total tax charge 164,587 218,516

10. INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.


11. DIVIDENDS
2023 2022
£    £   
Ordinary shares of 1 each
Final 32,000 20,000

12. TANGIBLE FIXED ASSETS

Group
Land and Fixtures
Freehold buildings and Motor
property leasehold fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 July 2022 1,633,868 134,847 594,467 60,994 2,424,176
Additions - 406,178 174,424 - 580,602
At 30 June 2023 1,633,868 541,025 768,891 60,994 3,004,778
DEPRECIATION
At 1 July 2022 106,007 40,118 427,181 10,319 583,625
Charge for year 30,557 45,830 83,287 15,249 174,923
At 30 June 2023 136,564 85,948 510,468 25,568 758,548
NET BOOK VALUE
At 30 June 2023 1,497,304 455,077 258,423 35,426 2,246,230
At 30 June 2022 1,527,861 94,729 167,286 50,675 1,840,551

Details of the freehold property revaluation and historical cost information is set out in Note 3.

WIDER PLAN LTD (REGISTERED NUMBER: 05207145)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023

12. TANGIBLE FIXED ASSETS - continued

Company
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 July 2022 1,633,868 523,171 2,157,039
Additions - 113,341 113,341
At 30 June 2023 1,633,868 636,512 2,270,380
DEPRECIATION
At 1 July 2022 106,007 406,830 512,837
Charge for year 30,557 51,011 81,568
At 30 June 2023 136,564 457,841 594,405
NET BOOK VALUE
At 30 June 2023 1,497,304 178,671 1,675,975
At 30 June 2022 1,527,861 116,341 1,644,202

Details of the freehold property revaluation and historical cost information is set out in Note 2.

13. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 100
NET BOOK VALUE
At 30 June 2023 100
At 30 June 2022 100

The group or the company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Subsidiary

Wider Ambition Ltd
Registered office: 11-16 Chestnut Court, Jill Lane, Redditch, Worcestershire, B96 6EW
Nature of business: Educational services
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves (1,140,331 ) (795,197 )
Loss for the year (345,135 ) (131,183 )


WIDER PLAN LTD (REGISTERED NUMBER: 05207145)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023

14. DEBTORS

Group Company
2023 2022 2023 2022
£    £    £    £   
Amounts falling due within one year:
Trade debtors 329,826 733,674 243,777 733,674
Amounts owed by group undertakings 5,211,158 - 5,211,158 940,735
Other debtors 301,129 56,868 301,129 56,868
Prepayments and accrued income 26,165 15,519 26,165 15,519
5,868,278 806,061 5,782,229 1,746,796

Amounts falling due after more than one year:
Amounts owed by group undertakings - 3,130,008 - 3,130,008

Aggregate amounts 5,868,278 3,936,069 5,782,229 4,876,804

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2023 2022 2023 2022
£    £    £    £   
Trade creditors 41,625 49,190 15,121 36,343
Corporation tax 62,199 292,918 62,199 292,918
Social security and other taxes 33,245 28,912 33,777 36,434
VAT 97,767 11,021 97,767 11,021
Bank loans and overdrafts 6,657 2,132 - -
Other creditors 840,611 471,792 813,247 458,459
Other loans - 111,331 - 111,331
Directors' current accounts - 22,204 - 20,000
Accruals and deferred income 373,740 272,747 231,505 235,706
1,455,844 1,262,247 1,253,616 1,202,212

A substantial part of the company's bank balances represent amounts advanced by the company's clients to cover the value of childcare vouchers issued on their behalf, which had not been redeemed by the balance sheet date. The director considers that to show a true and fair view of the assets and liabilities of the company, the value of the funds so held should be off set against the corresponding liability in respect of unredeemed vouchers. Had the value of unredeemed vouchers been included within creditors, the total value of creditors would be £22,902,008 (2022 £25,986,256), and the total value of cash at bank and in hand would be £27,173,428 (2022 £30,163,212).

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group
2023 2022
£    £   
Amounts owed to group undertakings 2,095,976 -

17. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

WIDER PLAN LTD (REGISTERED NUMBER: 05207145)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023

17. LEASING AGREEMENTS - continued

Company
Non-cancellable operating leases
2023 2022
£    £   
Within one year 13,142 7,227
Between one and five years 16,120 19,874
29,262 27,101

The operating lease commitments are not in respect of land and buildings

18. SECURED DEBTS

The following secured debts are included within creditors:

Company
2023 2022
£    £   
- 111,331

There is a group wide cross guarantee in place in respect of a bank loan facility.

The company had a loan repayable in instalments up to February 2023 which was secured against the company's assets. The total outstanding at the balance sheet date is nil (2022: £111,331).

19. PROVISIONS FOR LIABILITIES

Group Company
2023 2022 2023 2022
£    £    £    £   
Deferred tax 48,329 33,592 48,329 33,592

Group
Deferred
tax
£   
Balance at 1 July 2022 33,592
Provided during year 14,737
Balance at 30 June 2023 48,329

Company
Deferred
tax
£   
Balance at 1 July 2022 33,592
Provided during year 14,737
Balance at 30 June 2023 48,329

20. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
150 Ordinary 1 150 150

WIDER PLAN LTD (REGISTERED NUMBER: 05207145)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023

21. RESERVES

Group
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 July 2022 9,650,321 4,900 150 9,655,371
Profit for the year 854,244 854,244
Dividends (32,000 ) (32,000 )
At 30 June 2023 10,472,565 4,900 150 10,477,615

Company
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 July 2022 10,445,617 4,900 150 10,450,667
Profit for the year 1,199,379 1,199,379
Dividends (32,000 ) (32,000 )
At 30 June 2023 11,612,996 4,900 150 11,618,046


22. ADVANCES AND CREDITS TO DIRECTORS

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
A.E. Chalmers
Balance outstanding at start of year (22,204 ) 50,000
Amounts advanced 22,204 -
Amounts repaid - (72,204 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (22,204 )

The Director's loan was repaid to the company in March 2022.

23. KEY MANAGEMENT PERSONNEL

The controlling party is A.E. Chalmers.

The ultimate controlling party is A.E. Chalmers.