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REGISTERED NUMBER: 05119418 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

WISDOM TOOTH LIMITED

WISDOM TOOTH LIMITED (REGISTERED NUMBER: 05119418)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WISDOM TOOTH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: S M A Gebler





SECRETARY: D G Tooth





REGISTERED OFFICE: 89 High Street
Hadleigh
Ipswich
Suffolk
IP7 5EA





REGISTERED NUMBER: 05119418 (England and Wales)





ACCOUNTANTS: Walter Wright
Chartered Accountants
89 High Street
Hadleigh
Ipswich
Suffolk
IP7 5EA

WISDOM TOOTH LIMITED (REGISTERED NUMBER: 05119418)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 200 200
Investment property 5 100,000 100,000
100,200 100,200

CURRENT ASSETS
Debtors 6 827,710 830,065
Cash at bank 10,644 25,787
838,354 855,852
CREDITORS
Amounts falling due within one year 7 97,392 180,059
NET CURRENT ASSETS 740,962 675,793
TOTAL ASSETS LESS CURRENT
LIABILITIES

841,162

775,993

CREDITORS
Amounts falling due after more than one
year

8

387,697

306,606
NET ASSETS 453,465 469,387

CAPITAL AND RESERVES
Called up share capital 964,301 964,301
Revaluation reserve 10 10,000 10,000
Retained earnings 10 (520,836 ) (504,914 )
SHAREHOLDERS' FUNDS 453,465 469,387

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

WISDOM TOOTH LIMITED (REGISTERED NUMBER: 05119418)

BALANCE SHEET - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2025 and were signed by:





S M A Gebler - Director


WISDOM TOOTH LIMITED (REGISTERED NUMBER: 05119418)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Wisdom Tooth Limited 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 represents net invoiced sales of goods and services, excluding value added tax, as adjusted by the value of work completed during the year. Rental income is included within turnover on the basis of the amounts that are receivable during the period

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

WISDOM TOOTH LIMITED (REGISTERED NUMBER: 05119418)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Going concern
In addition to the Bank funding, the director of the company is fully confident of the support of its principal creditors, as they comprise associated companies wholly owned or controlled by the shareholders and directors of the Parent company and Wisdom Tooth Limited, and loans from the directors and other shareholders.

The director has prepared projected cash flow information covering the next twelve months. On the basis of this cash flow information the director considers that the company will continue to operate within the facilities currently agreed and within those that they expect to be agreed over the twelve month period from the date of approval of the accounts.

On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 July 2023
and 30 June 2024 200
NET BOOK VALUE
At 30 June 2024 200
At 30 June 2023 200

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 100,000
NET BOOK VALUE
At 30 June 2024 100,000
At 30 June 2023 100,000

.

WISDOM TOOTH LIMITED (REGISTERED NUMBER: 05119418)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 4,455 3,422
Amounts owed by group undertakings 6,473 -
Other debtors 16,960 7,184
27,888 10,606

Amounts falling due after more than one year:
Other debtors 799,822 819,459

Aggregate amounts 827,710 830,065

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loan 6,991 6,500
Trade creditors 6,414 9,164
Amounts owed to group undertakings 5,594 113,343
Taxation and social security 623 723
Other creditors 77,770 50,329
97,392 180,059

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,093 14,083
Other creditors 380,604 292,523
387,697 306,606

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 14,084 20,583

WISDOM TOOTH LIMITED (REGISTERED NUMBER: 05119418)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 July 2023 (504,914 ) 10,000 (494,914 )
Deficit for the year (15,922 ) - (15,922 )
At 30 June 2024 (520,836 ) 10,000 (510,836 )