IRIS Accounts Production v24.3.0.553 03914819 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039148192023-03-31039148192024-03-31039148192023-04-012024-03-31039148192022-03-31039148192022-04-012023-03-31039148192023-03-3103914819ns15:EnglandWales2023-04-012024-03-3103914819ns14:PoundSterling2023-04-012024-03-3103914819ns10:Director12023-04-012024-03-3103914819ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103914819ns10:SmallEntities2023-04-012024-03-3103914819ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103914819ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103914819ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103914819ns10:FullAccounts2023-04-012024-03-3103914819ns10:OrdinaryShareClass12023-04-012024-03-3103914819ns10:OrdinaryShareClass22023-04-012024-03-3103914819ns10:OrdinaryShareClass32023-04-012024-03-3103914819ns10:RegisteredOffice2023-04-012024-03-3103914819ns5:CurrentFinancialInstruments2024-03-3103914819ns5:CurrentFinancialInstruments2023-03-3103914819ns5:ShareCapital2024-03-3103914819ns5:ShareCapital2023-03-3103914819ns5:RetainedEarningsAccumulatedLosses2024-03-3103914819ns5:RetainedEarningsAccumulatedLosses2023-03-3103914819ns5:ComputerEquipment2023-03-3103914819ns5:ComputerEquipment2023-04-012024-03-3103914819ns5:ComputerEquipment2024-03-3103914819ns5:ComputerEquipment2023-03-3103914819ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3103914819ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3103914819ns10:OrdinaryShareClass12024-03-3103914819ns10:OrdinaryShareClass22024-03-3103914819ns10:OrdinaryShareClass32024-03-31039148191ns10:Director12023-03-31039148191ns10:Director12022-03-31039148191ns10:Director12023-04-012024-03-31039148191ns10:Director12022-04-012023-03-31039148191ns10:Director12024-03-31039148191ns10:Director12023-03-31
REGISTERED NUMBER: 03914819 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Wise Design Ltd

Wise Design Ltd (Registered number: 03914819)






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


Wise Design Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: David Inwood





REGISTERED OFFICE: Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX





REGISTERED NUMBER: 03914819 (England and Wales)





ACCOUNTANTS: KT Accountants Limited
Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX

Wise Design Ltd (Registered number: 03914819)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 179 239

CURRENT ASSETS
Debtors 5 8,339 -
Cash at bank 8,500 19,718
16,839 19,718
CREDITORS
Amounts falling due within one year 6 16,600 18,767
NET CURRENT ASSETS 239 951
TOTAL ASSETS LESS CURRENT
LIABILITIES

418

1,190

PROVISIONS FOR LIABILITIES 60 45
NET ASSETS 358 1,145

CAPITAL AND RESERVES
Called up share capital 7 120 120
Retained earnings 238 1,025
SHAREHOLDERS' FUNDS 358 1,145

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 director acknowledges his 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.

Wise Design Ltd (Registered number: 03914819)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2024 and were signed by:





David Inwood - Director


Wise Design Ltd (Registered number: 03914819)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Wise Design 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 (£).


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 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Wise Design Ltd (Registered number: 03914819)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 1,344
DEPRECIATION
At 1 April 2023 1,105
Charge for year 60
At 31 March 2024 1,165
NET BOOK VALUE
At 31 March 2024 179
At 31 March 2023 239

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 8,339 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 15,341 16,926
Other creditors 1,259 1,841
16,600 18,767

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100
10 Ordinary A £1 10 10
10 Ordinary B £1 10 10
120 120

Wise Design Ltd (Registered number: 03914819)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTOR'S 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
£    £   
David Inwood
Balance outstanding at start of year (582 ) (226 )
Amounts advanced 8,921 79,900
Amounts repaid - (80,256 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,339 (582 )

Included in debtors/creditors is an amount due from/(to) the director as above. This loan is interest free, undated , unsecured and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is David Inwood.