2023-03-012024-02-282024-02-28false13924299WISENET LIMITED2024-11-06iso4217:GBPxbrli:pure139242992023-03-01139242992024-02-28139242992023-03-012024-02-28139242992022-02-18139242992023-02-28139242992022-02-182023-02-2813924299bus:SmallEntities2023-03-012024-02-2813924299bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2813924299bus:AbridgedAccounts2023-03-012024-02-2813924299bus:PrivateLimitedCompanyLtd2023-03-012024-02-2813924299core:WithinOneYear2024-02-2813924299core:AfterOneYear2024-02-2813924299core:WithinOneYear2023-02-2813924299core:AfterOneYear2023-02-2813924299core:ShareCapital2024-02-2813924299core:SharePremium2024-02-2813924299core:RevaluationReserve2024-02-2813924299core:OtherReservesSubtotal2024-02-2813924299core:RetainedEarningsAccumulatedLosses2024-02-2813924299core:ShareCapital2023-02-2813924299core:SharePremium2023-02-2813924299core:RevaluationReserve2023-02-2813924299core:OtherReservesSubtotal2023-02-2813924299core:RetainedEarningsAccumulatedLosses2023-02-2813924299core:LandBuildings2024-02-2813924299core:PlantMachinery2024-02-2813924299core:Vehicles2024-02-2813924299core:FurnitureFittings2024-02-2813924299core:OfficeEquipment2024-02-2813924299core:NetGoodwill2024-02-2813924299core:IntangibleAssetsOtherThanGoodwill2024-02-2813924299core:ListedExchangeTraded2024-02-2813924299core:UnlistedNon-exchangeTraded2024-02-2813924299core:LandBuildings2023-02-2813924299core:PlantMachinery2023-02-2813924299core:Vehicles2023-02-2813924299core:FurnitureFittings2023-02-2813924299core:OfficeEquipment2023-02-2813924299core:NetGoodwill2023-02-2813924299core:IntangibleAssetsOtherThanGoodwill2023-02-2813924299core:ListedExchangeTraded2023-02-2813924299core:UnlistedNon-exchangeTraded2023-02-2813924299core:LandBuildings2023-03-012024-02-2813924299core:PlantMachinery2023-03-012024-02-2813924299core:Vehicles2023-03-012024-02-2813924299core:FurnitureFittings2023-03-012024-02-2813924299core:OfficeEquipment2023-03-012024-02-2813924299core:NetGoodwill2023-03-012024-02-2813924299core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2813924299core:ListedExchangeTraded2023-03-012024-02-2813924299core:UnlistedNon-exchangeTraded2023-03-012024-02-2813924299core:MoreThanFiveYears2023-03-012024-02-2813924299core:Non-currentFinancialInstruments2024-02-2813924299core:Non-currentFinancialInstruments2023-02-2813924299dpl:CostSales2023-03-012024-02-2813924299dpl:DistributionCosts2023-03-012024-02-2813924299core:LandBuildings2023-03-012024-02-2813924299core:PlantMachinery2023-03-012024-02-2813924299core:Vehicles2023-03-012024-02-2813924299core:FurnitureFittings2023-03-012024-02-2813924299core:OfficeEquipment2023-03-012024-02-2813924299dpl:AdministrativeExpenses2023-03-012024-02-2813924299core:NetGoodwill2023-03-012024-02-2813924299core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2813924299dpl:GroupUndertakings2023-03-012024-02-2813924299dpl:ParticipatingInterests2023-03-012024-02-2813924299dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2813924299core:ListedExchangeTraded2023-03-012024-02-2813924299dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2813924299core:UnlistedNon-exchangeTraded2023-03-012024-02-2813924299dpl:CostSales2022-02-182023-02-2813924299dpl:DistributionCosts2022-02-182023-02-2813924299core:LandBuildings2022-02-182023-02-2813924299core:PlantMachinery2022-02-182023-02-2813924299core:Vehicles2022-02-182023-02-2813924299core:FurnitureFittings2022-02-182023-02-2813924299core:OfficeEquipment2022-02-182023-02-2813924299dpl:AdministrativeExpenses2022-02-182023-02-2813924299core:NetGoodwill2022-02-182023-02-2813924299core:IntangibleAssetsOtherThanGoodwill2022-02-182023-02-2813924299dpl:GroupUndertakings2022-02-182023-02-2813924299dpl:ParticipatingInterests2022-02-182023-02-2813924299dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-182023-02-2813924299core:ListedExchangeTraded2022-02-182023-02-2813924299dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-182023-02-2813924299core:UnlistedNon-exchangeTraded2022-02-182023-02-2813924299core:NetGoodwill2024-02-2813924299core:IntangibleAssetsOtherThanGoodwill2024-02-2813924299core:LandBuildings2024-02-2813924299core:PlantMachinery2024-02-2813924299core:Vehicles2024-02-2813924299core:FurnitureFittings2024-02-2813924299core:OfficeEquipment2024-02-2813924299core:AfterOneYear2024-02-2813924299core:WithinOneYear2024-02-2813924299core:ListedExchangeTraded2024-02-2813924299core:UnlistedNon-exchangeTraded2024-02-2813924299core:ShareCapital2024-02-2813924299core:SharePremium2024-02-2813924299core:RevaluationReserve2024-02-2813924299core:OtherReservesSubtotal2024-02-2813924299core:RetainedEarningsAccumulatedLosses2024-02-2813924299core:NetGoodwill2023-02-2813924299core:IntangibleAssetsOtherThanGoodwill2023-02-2813924299core:LandBuildings2023-02-2813924299core:PlantMachinery2023-02-2813924299core:Vehicles2023-02-2813924299core:FurnitureFittings2023-02-2813924299core:OfficeEquipment2023-02-2813924299core:AfterOneYear2023-02-2813924299core:WithinOneYear2023-02-2813924299core:Listed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WISENET LIMITED

Registered Number
13924299
(England and Wales)

Unaudited Financial Statements for the Period ended
28 February 2024

WISENET LIMITED
Company Information
for the period from 1 March 2023 to 28 February 2024

Director

LEE, Sai Man

Company Secretary

LEE, Sai Man

Registered Address

15 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Registered Number

13924299 (England and Wales)
WISENET LIMITED
Balance Sheet as at
28 February 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors3,2839,633
Current asset investments353,275-
Cash at bank and on hand19,34438,531
75,90248,164
Creditors amounts falling due within one year(64,978)(25,335)
Net current assets (liabilities)10,92422,829
Total assets less current liabilities10,92422,829
Net assets10,92422,829
Capital and reserves
Called up share capital100100
Profit and loss account10,82422,729
Shareholders' funds10,92422,829
The financial statements were approved and authorised for issue by the Director on 6 November 2024, and are signed on its behalf by:
LEE, Sai Man
Director
Registered Company No. 13924299
WISENET LIMITED
Notes to the Financial Statements
for the period ended 28 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2.Average number of employees

20242023
Average number of employees during the year11
3.Current asset investments
The current asset investments consist of short-term deposits held through a third party, classified as cash equivalents due to their liquidity and intention for short-term use. The investments carry minimal credit risk as they are held with a regulated financial institution. The interest income is subject to market fluctuations in deposit rates.
4.Related party transactions
The company was under the control of Mr. Sai Man Lee throughout the current year. Mr. Lee is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.