Registered number
05054047
Wisemove Land & Property Consultants Limited
Filleted Accounts
30 June 2024
Wisemove Land & Property Consultants Limited
Registered number: 05054047
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 225,199 223,042
Current assets
Work in progress 4,177 81,410
Debtors 5 48,661 62,154
Cash at bank and in hand 165,695 35,088
218,533 178,652
Creditors: amounts falling due within one year 6 (389,287) (360,043)
Net current liabilities (170,754) (181,391)
Total assets less current liabilities 54,445 41,651
Creditors: amounts falling due after more than one year 7 (52,554) (123,871)
Net assets/(liabilities) 1,891 (82,220)
Capital and reserves
Called up share capital 50 50
Profit and loss account 1,841 (82,270)
Shareholder's funds 1,891 (82,220)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Blenkinsopp
Director
Approved by the board on 21 March 2025
Wisemove Land & Property Consultants Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets as follows:
Plant and machinery 15% reducing balance
Motor vehicles 25% reducing balance
Stocks
Work in progress is measured at the estimated selling price.The carrying amount of work in progress is recognised in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 70,000
At 30 June 2024 70,000
Amortisation
At 1 July 2023 70,000
At 30 June 2024 70,000
Net book value
At 30 June 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 - 75,793 218,586 294,379
Additions 37,063 33,391 22,000 92,454
Disposals - - (50,537) (50,537)
At 30 June 2024 37,063 109,184 190,049 336,296
Depreciation
At 1 July 2023 - 17,510 53,827 71,337
Charge for the year - 11,061 40,549 51,610
On disposals - - (11,850) (11,850)
At 30 June 2024 - 28,571 82,526 111,097
Net book value
At 30 June 2024 37,063 80,613 107,523 225,199
At 30 June 2023 - 58,283 164,759 223,042
5 Debtors 2024 2023
£ £
Trade debtors 3,048 4,218
Other debtors 45,613 57,936
48,661 62,154
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 166,090 46,966
Obligations under finance lease and hire purchase contracts 10,425 18,581
Trade creditors 44,784 79,217
Taxation and social security costs 235,668 341,996
Directors loan account (67,680) (126,717)
389,287 360,043
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,322 68,455
Obligations under finance lease and hire purchase contracts 40,232 55,416
52,554 123,871
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
G Blenkinsopp
Directors loan account (62,532) (47,203) 76,720 (33,015)
L Blenkinsopp
Directors loan account (64,185) (47,201) 76,721 (34,665)
(126,717) (94,404) 153,441 (67,680)
9 Related party transactions
The company loaned Estado Ltd, a company under the same control and ownership, £9,400 during the year. No repayments have been made the sum is interest free and repayable upon demand.
10 Controlling party
The company was controlled by the directors.
11 Other information
Wisemove Land & Property Consultants Limited is a private company limited by shares and incorporated in England. Its registered office is:
Lake View
9 Brancepeth Manor Farm
Crook
Co Durham
DL15 9AS
Wisemove Land & Property Consultants Limited 05054047 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 G Blenkinsopp No description of principal activity 05054047 2022-07-01 2023-06-30 05054047 core:WithinOneYear 2023-06-30 05054047 core:AfterOneYear 2023-06-30 05054047 core:ShareCapital 2023-06-30 05054047 core:RetainedEarningsAccumulatedLosses 2023-06-30 05054047 2023-07-01 2024-06-30 05054047 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05054047 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 05054047 bus:Director40 2023-07-01 2024-06-30 05054047 1 2023-07-01 2024-06-30 05054047 2 2023-07-01 2024-06-30 05054047 core:LandBuildings 2023-07-01 2024-06-30 05054047 core:PlantMachinery 2023-07-01 2024-06-30 05054047 core:Vehicles 2023-07-01 2024-06-30 05054047 bus:Director1 2023-07-01 2024-06-30 05054047 bus:Director1 1 2023-07-01 2024-06-30 05054047 bus:Director2 2023-07-01 2024-06-30 05054047 bus:Director2 1 2023-07-01 2024-06-30 05054047 countries:England 2023-07-01 2024-06-30 05054047 bus:FRS102 2023-07-01 2024-06-30 05054047 bus:FilletedAccounts 2023-07-01 2024-06-30 05054047 2024-06-30 05054047 core:WithinOneYear 2024-06-30 05054047 core:AfterOneYear 2024-06-30 05054047 core:ShareCapital 2024-06-30 05054047 core:RetainedEarningsAccumulatedLosses 2024-06-30 05054047 core:Goodwill 2024-06-30 05054047 core:LandBuildings 2024-06-30 05054047 core:PlantMachinery 2024-06-30 05054047 core:Vehicles 2024-06-30 05054047 bus:Director1 1 2024-06-30 05054047 bus:Director2 1 2024-06-30 05054047 2023-06-30 05054047 core:Goodwill 2023-06-30 05054047 core:LandBuildings 2023-06-30 05054047 core:PlantMachinery 2023-06-30 05054047 core:Vehicles 2023-06-30 05054047 bus:Director1 1 2023-06-30 05054047 bus:Director2 1 2023-06-30 iso4217:GBP xbrli:pure