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Company Registration No. 11834741 (England and Wales)
WISDOM RECRUITMENT LTD Unaudited accounts for the year ended 29 February 2024
WISDOM RECRUITMENT LTD Unaudited accounts Contents
Page
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WISDOM RECRUITMENT LTD Company Information for the year ended 29 February 2024
Director
Racheal Douglas
Company Number
11834741 (England and Wales)
Registered Office
133 PRESCOT ROAD LIVERPOOL L7 0LB UK
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WISDOM RECRUITMENT LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,278 
6,244 
Current assets
Debtors
55,000 
124,077 
Cash at bank and in hand
9,707 
(11,215)
64,707 
112,862 
Creditors: amounts falling due within one year
(11,287)
(34,339)
Net current assets
53,420 
78,523 
Total assets less current liabilities
58,698 
84,767 
Creditors: amounts falling due after more than one year
(35,916)
(41,983)
Net assets
22,782 
42,784 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
22,781 
42,783 
Shareholders' funds
22,782 
42,784 
For the year ending 29 February 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 director acknowledges her 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 and authorised for issue on 26 November 2024 and were signed on its behalf by
Racheal Douglas Director Company Registration No. 11834741
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WISDOM RECRUITMENT LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
WISDOM RECRUITMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 11834741. The registered office is 133 PRESCOT ROAD, LIVERPOOL, L7 0LB, UK.
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.
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:
Fixtures & fittings
2
Computer equipment
2
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2023
11,160 
Additions
1,582 
At 29 February 2024
12,742 
Depreciation
At 1 March 2023
4,916 
Charge for the year
2,548 
At 29 February 2024
7,464 
Net book value
At 29 February 2024
5,278 
At 28 February 2023
6,244 
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WISDOM RECRUITMENT LTD Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
55,000 
95,411 
Other debtors
- 
28,666 
55,000 
124,077 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,287 
10,426 
Loans from directors
9,000 
- 
Accruals
- 
23,913 
11,287 
34,339 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
35,916 
41,983 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 55 (2023: 85).
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