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Registered number: 07299356
Worldwise Consulting Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Inchmead Accountants
100 Berkshire Place
Winnersh
Wokingham
RG41 5RD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07299356
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 358 965
358 965
CURRENT ASSETS
Cash at bank and in hand 19,195 19,195
19,195 19,195
Creditors: Amounts Falling Due Within One Year 5 (107,555 ) (76,290 )
NET CURRENT ASSETS (LIABILITIES) (88,360 ) (57,095 )
TOTAL ASSETS LESS CURRENT LIABILITIES (88,002 ) (56,130 )
Creditors: Amounts Falling Due After More Than One Year (44,500 ) (44,500 )
NET LIABILITIES (132,502 ) (100,630 )
CAPITAL AND RESERVES
Called up share capital 6 200 200
Profit and Loss Account (132,702 ) (100,830 )
SHAREHOLDERS' FUNDS (132,502) (100,630)
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Rakesh Parekh
Director
4 February 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Worldwise Consulting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07299356 . The registered office is 18 Jay Close, Lower Earley, Reading, Berkshire, RG6 4HE.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 3 year straightline
Computer Equipment 3 year straightline
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 4,167 4,961 9,128
As at 30 June 2024 4,167 4,961 9,128
Depreciation
As at 1 July 2023 4,167 3,996 8,163
Provided during the period - 607 607
As at 30 June 2024 4,167 4,603 8,770
Net Book Value
As at 30 June 2024 - 358 358
As at 1 July 2023 - 965 965
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Corporation tax - (1,946 )
Other taxes and social security 172 172
VAT 340 340
Director's loan account 107,042 77,724
107,555 76,290
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 4