Acorah Software Products - Accounts Production 16.1.300 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08446163 Ms Renata Heinen Mr Rudolphus Winters iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08446163 2023-03-31 08446163 2024-03-31 08446163 2023-04-01 2024-03-31 08446163 frs-core:CurrentFinancialInstruments 2024-03-31 08446163 frs-core:Non-currentFinancialInstruments 2024-03-31 08446163 frs-core:ShareCapital 2024-03-31 08446163 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08446163 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08446163 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08446163 frs-bus:SmallEntities 2023-04-01 2024-03-31 08446163 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08446163 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08446163 frs-bus:Director1 2023-04-01 2024-03-31 08446163 frs-bus:Director2 2023-04-01 2024-03-31 08446163 frs-countries:EnglandWales 2023-04-01 2024-03-31 08446163 2022-03-31 08446163 2023-03-31 08446163 2022-04-01 2023-03-31 08446163 frs-core:CurrentFinancialInstruments 2023-03-31 08446163 frs-core:Non-currentFinancialInstruments 2023-03-31 08446163 frs-core:ShareCapital 2023-03-31 08446163 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08446163
Wise Leaders (International) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08446163
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 20,765 16,650
Cash at bank and in hand 392 235
21,157 16,885
Creditors: Amounts Falling Due Within One Year 5 (69,988 ) (95,341 )
NET CURRENT ASSETS (LIABILITIES) (48,831 ) (78,456 )
TOTAL ASSETS LESS CURRENT LIABILITIES (48,831 ) (78,456 )
Creditors: Amounts Falling Due After More Than One Year 6 (13,570 ) (20,746 )
NET LIABILITIES (62,401 ) (99,202 )
CAPITAL AND RESERVES
Called up share capital 7 200 200
Profit and Loss Account (62,601 ) (99,402 )
SHAREHOLDERS' FUNDS (62,401) (99,202)
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Rudolphus Winters
Director
30/01/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Wise Leaders (International) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08446163 . The registered office is Basing Farm, Furnace Lane, Cowden, Edenbridge, TN8 7JU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 20,765 16,650
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 7,200 7,200
VAT 1,300 45
Accruals and deferred income 1,650 1,650
Directors' loan accounts 59,838 86,446
69,988 95,341
Page 2
Page 3
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,570 20,746
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 3