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Company Registration No. 10008196 (England and Wales)
INNER WISDOM LIMITED Unaudited accounts for the year ended 31 March 2024
INNER WISDOM LIMITED Unaudited accounts Contents
Page
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INNER WISDOM LIMITED Company Information for the year ended 31 March 2024
Directors
Dr Shoshanna Garfield Dr Alexander Mitrofanov
Company Number
10008196 (England and Wales)
Registered Office
205 Plumstead High Street London SE18 1HE
Accountants
Angela MacCarthy Limited T A On The Spot 7 Chalfont Drive Hove East Sussex BN3 6QR
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INNER WISDOM LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
780 
435 
Current assets
Debtors
6,614 
6,639 
Cash at bank and in hand
10,729 
10,694 
17,343 
17,333 
Creditors: amounts falling due within one year
(17,519)
(17,758)
Net current liabilities
(176)
(425)
Net assets
604 
10 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
594 
- 
Shareholders' funds
604 
10 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by
Dr Shoshanna Garfield Director Company Registration No. 10008196
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INNER WISDOM LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
INNER WISDOM LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10008196. The registered office is 205 Plumstead High Street, London, SE18 1HE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Revenue
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services. Payments received in advance are included in creditors.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.3% per annum straight line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,788 
Additions
900 
At 31 March 2024
2,688 
Depreciation
At 1 April 2023
1,353 
Charge for the year
555 
At 31 March 2024
1,908 
Net book value
At 31 March 2024
780 
At 31 March 2023
435 
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INNER WISDOM LIMITED Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,132 
962 
Accrued income and prepayments
3,482 
1,470 
Other debtors
- 
4,207 
6,614 
6,639 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,477 
3,121 
Trade creditors
120 
59 
Taxes and social security
5,868 
6,159 
Loans from directors
1,675 
- 
Accruals
656 
625 
Deferred income
5,723 
7,794 
17,519 
17,758 
7
Transactions with related parties
The transactions with the directors and shareholders have not been conducted under normal market conditions: A balance of £1,675 is owed to the directors at the year end. No interest is being charged to the company.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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