Company Registration No. 12435148 (England and Wales)
Wisewulf Security & Electrical Ltd
Unaudited accounts
for the year ended 31 May 2024
Wisewulf Security & Electrical Ltd
Unaudited accounts
Contents
Wisewulf Security & Electrical Ltd
Company Information
for the year ended 31 May 2024
Directors
Sophie Amanda Wharton
Thomas Stuart Wharton
Company Number
12435148 (England and Wales)
Registered Office
20 Billy Buns Lane
Wombourne
Wolverhampton
WV5 9BP
Accountants
Nellys Accountants Ltd
71 Woodland Avenue
Tettenhall Wood
Wolverhampton
West Midlands
WV6 8ND
Wisewulf Security & Electrical Ltd
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
1,281
38
Creditors: amounts falling due within one year
(10,599)
(13,101)
Net current (liabilities)/assets
(707)
281
Called up share capital
5
5
Profit and loss account
188
276
Shareholders' funds
193
281
For the year ending 31 May 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 24 January 2025 and were signed on its behalf by
Thomas Stuart Wharton
Director
Company Registration No. 12435148
Wisewulf Security & Electrical Ltd
Notes to the Accounts
for the year ended 31 May 2024
Wisewulf Security & Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 12435148. The registered office is 20 Billy Buns Lane, Wombourne, Wolverhampton, WV5 9BP.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling and are rounded to the nearest pound.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Motor vehicles
25% reducing balance
Computer equipment
33% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Wisewulf Security & Electrical Ltd
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
-
1,004
1,004
At 31 May 2024
1,200
1,004
2,204
At 1 June 2023
-
1,004
1,004
Charge for the year
300
-
300
At 31 May 2024
300
1,004
1,304
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,733
7,733
Taxes and social security
2,470
5,053
Allotted, called up and fully paid:
10 Ordinary shares of £0.50 each
5
5
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).