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REGISTERED NUMBER: 03976126 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

WISEBUY LTD

WISEBUY LTD (REGISTERED NUMBER: 03976126)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WISEBUY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M W Josephson MBE
L Kellett





REGISTERED OFFICE: Unit 4 Caledonia Way
Stretford Motorway Estate
Stretford
Manchester
M32 0ZH





REGISTERED NUMBER: 03976126 (England and Wales)





ACCOUNTANTS: Michael Donnan & Co Limited
Oaktree Court Business Ctr
Mill Lane
Ness
Cheshire
CH64 8TP

WISEBUY LTD (REGISTERED NUMBER: 03976126)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,247 4,782

CURRENT ASSETS
Stocks 45,137 54,423
Debtors 5 37,919 33,889
Cash at bank and in hand 36,255 24,180
119,311 112,492
CREDITORS
Amounts falling due within one year 6 89,946 68,783
NET CURRENT ASSETS 29,365 43,709
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,612

48,491

CREDITORS
Amounts falling due after more than
one year

7

12,928

22,990
NET ASSETS 19,684 25,501

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 19,584 25,401
SHAREHOLDERS' FUNDS 19,684 25,501

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

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

WISEBUY LTD (REGISTERED NUMBER: 03976126)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 9 July 2024 and were signed on its behalf by:




M W Josephson MBE - Director



L Kellett - Director


WISEBUY LTD (REGISTERED NUMBER: 03976126)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Wisebuy Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Transactions are rounded to the nearest £.

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 value of goods dispatched during the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% 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.


WISEBUY LTD (REGISTERED NUMBER: 03976126)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

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.

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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 5,200 2,106 7,306
DEPRECIATION
At 1 April 2023 1,868 656 2,524
Charge for year 833 702 1,535
At 31 March 2024 2,701 1,358 4,059
NET BOOK VALUE
At 31 March 2024 2,499 748 3,247
At 31 March 2023 3,332 1,450 4,782

WISEBUY LTD (REGISTERED NUMBER: 03976126)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 6,595 6,738
Other debtors 10,792 6,624
Directors' loan accounts 20,382 20,382
Prepayments and accrued income 150 145
37,919 33,889

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 10,343 10,218
Trade creditors 17,507 6,868
Corporation tax 17,527 5,058
VAT 6,953 5,536
Other creditors - 16,214
Directors' loan accounts 34,756 21,525
Accrued expenses 2,860 3,364
89,946 68,783

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans - 1-2 years 10,342 10,218
Bank loans - 2-5 years 2,586 12,772
12,928 22,990

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
100 Ordinary 1 100 100

WISEBUY LTD (REGISTERED NUMBER: 03976126)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. RESERVES
Retained
earnings
£   

At 1 April 2023 25,401
Profit for the year 52,183
Dividends (58,000 )
At 31 March 2024 19,584

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£    £   
M W Josephson MBE
Balance outstanding at start of year 20,382 20,382
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,382 20,382

The above advance was interest free, had no fixed repayment date and was unsecured.

11. RELATED PARTY DISCLOSURES

STOCKS 2015 LTD
A company which has common directors and shareholders.

At the year end 31 March 2023, the company owed Stocks 2015 Ltd £16,214 which is in other creditors. During the year ended 31 March 2024, a repayment to Stocks 2015 Ltd of £20,382 was made. This resulted in a debtor of £4,168 owed from Stocks 2015 Ltd at 31 March 2024 which is held in other debtors.

The loan is interest free, unsecured and repayable on demand.