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REGISTERED NUMBER: SC207549 (Scotland)




















Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Wish Software Limited

Wish Software Limited (Registered number: SC207549)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wish Software Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: A G K Davis
Ms G D'Agostino





SECRETARY: A G K Davis





REGISTERED OFFICE: Henderson Loggie
11-15 Thistle Street
Edinburgh
Lothian
EH2 1DF





REGISTERED NUMBER: SC207549 (Scotland)

Wish Software Limited (Registered number: SC207549)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,381 4,286

CURRENT ASSETS
Debtors 5 51,767 100,021
Prepayments and accrued income 169 164
Cash at bank 1,715,491 1,576,338
1,767,427 1,676,523
CREDITORS
Amounts falling due within one year 6 64,898 65,248
NET CURRENT ASSETS 1,702,529 1,611,275
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,703,910

1,615,561

PROVISIONS FOR LIABILITIES 948 1,072
NET ASSETS 1,702,962 1,614,489

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,702,960 1,614,487
1,702,962 1,614,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by:




A G K Davis - Director



Ms G D'Agostino - Director


Wish Software Limited (Registered number: SC207549)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Wish Software Limited is a private company, limited by shares , registered in Scotland. 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.

This is the first year in which the financial statements have been prepared under FRS 102 Section 1A "Small Entities".

The transition to FRS 102 Section 1A "Small Entities" has not resulted in changes in financial position and financial performance that were previously report under FRS 105.

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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 (2022 - 3 ) .

Wish Software Limited (Registered number: SC207549)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 September 2022 439 33,262 33,701
Additions 1 777 778
Disposals (78 ) (23,415 ) (23,493 )
At 31 August 2023 362 10,624 10,986
DEPRECIATION
At 1 September 2022 348 29,067 29,415
Charge for year 22 438 460
Eliminated on disposal (75 ) (20,195 ) (20,270 )
At 31 August 2023 295 9,310 9,605
NET BOOK VALUE
At 31 August 2023 67 1,314 1,381
At 31 August 2022 91 4,195 4,286

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 51,767 100,021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 46,151 49,883
Social security and other taxes 1,338 1,832
VAT 13,614 9,738
Other creditors 257 257
Business credit cards 138 138
Accrued expenses 3,400 3,400
64,898 65,248