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REGISTERED NUMBER: 01300949 (England and Wales)











Wingwise Limited

Unaudited Financial Statements

for the Year Ended 31 January 2025






Wingwise Limited (Registered number: 01300949)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Wingwise Limited

Company Information
for the Year Ended 31 January 2025







Directors: B S Pollock
D S Pollock





Registered office: Suites 11 - 16 Prudential Buildings
61 St Petersgate
Stockport
Cheshire
SK1 1DH





Registered number: 01300949 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Wingwise Limited (Registered number: 01300949)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £   
Fixed assets
Tangible assets 4 59,822 79,814

Current assets
Debtors 5 109,140 87,423
Investments 6 515 515
Cash at bank and in hand 2,731 3,606
112,386 91,544
Creditors
Amounts falling due within one year 7 (153,345 ) (154,976 )
Net current liabilities (40,959 ) (63,432 )
Total assets less current liabilities 18,863 16,382

Creditors
Amounts falling due after more than one
year

8

(3,968

)

(13,325

)

Provisions for liabilities 10 (2,446 ) (197 )
Net assets 12,449 2,860

Wingwise Limited (Registered number: 01300949)

Balance Sheet - continued
31 January 2025

31.1.25 31.1.24
Notes £    £   
Capital and reserves
Called up share capital 100 100
Retained earnings 12,349 2,760
12,449 2,860

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





B S Pollock - Director


Wingwise Limited (Registered number: 01300949)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. Statutory information

Wingwise 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.

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 is measured at the fair value of the consideration received or receivable and represents the
amounts invoiced during the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 25% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Wingwise Limited (Registered number: 01300949)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

3. Employees and directors

The average number of employees during the year was 5 (2024 - 5 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 February 2024
and 31 January 2025 446,125
Depreciation
At 1 February 2024 366,311
Charge for year 19,992
At 31 January 2025 386,303
Net book value
At 31 January 2025 59,822
At 31 January 2024 79,814

5. Debtors: amounts falling due within one year
31.1.25 31.1.24
£    £   
Trade debtors 8,070 8,192
Other debtors 101,070 79,231
109,140 87,423

6. Current asset investments
31.1.25 31.1.24
£    £   
Listed investments 515 515

Wingwise Limited (Registered number: 01300949)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

7. Creditors: amounts falling due within one year
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 9,357 9,127
Trade creditors 33,785 34,757
Taxation and social security 12,315 10,981
Other creditors 97,888 100,111
153,345 154,976

8. Creditors: amounts falling due after more than one year
31.1.25 31.1.24
£    £   
Bank loans 3,968 13,325

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.25 31.1.24
£    £   
Within one year 100,000 100,000

10. Provisions for liabilities
31.1.25 31.1.24
£    £   
Deferred tax 2,446 197

Deferred
tax
£   
Balance at 1 February 2024 197
Provided during year 2,249
Balance at 31 January 2025 2,446