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Company Registration No. 12445182 (England and Wales)
Wisdom Financial Services Ltd Unaudited accounts for the year ended 28 February 2025
Wisdom Financial Services Ltd Unaudited accounts Contents
Page
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Wisdom Financial Services Ltd Company Information for the year ended 28 February 2025
Director
Mark A Wisdom
Company Number
12445182 (England and Wales)
Registered Office
1 Leeward Road Littlehampton BN17 6PG England
Accountants
Neat Accounting Ltd The Track Station Rd Bognor Regis West Sussex PO21 1QF
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Wisdom Financial Services Ltd Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,029 
3,427 
Current assets
Debtors
9,408 
5,000 
Cash at bank and in hand
6,601 
4,639 
16,009 
9,639 
Creditors: amounts falling due within one year
(17,003)
(12,945)
Net current liabilities
(994)
(3,306)
Net assets
1,035 
121 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
1,025 
111 
Shareholders' funds
1,035 
121 
For the year ending 28 February 2025 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 February 2025 and were signed on its behalf by
Mark A Wisdom Director Company Registration No. 12445182
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Wisdom Financial Services Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Wisdom Financial Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 12445182. The registered office is 1 Leeward Road, Littlehampton, BN17 6PG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 28 February 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
50% RBM
Other tangible fixed assets
50% RBM
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2024
12,000 
At 28 February 2025
12,000 
Amortisation
At 1 March 2024
12,000 
At 28 February 2025
12,000 
Net book value
At 28 February 2025
- 
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Wisdom Financial Services Ltd Notes to the Accounts for the year ended 28 February 2025
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2024
12,954 
5,842 
18,796 
Additions
445 
- 
445 
At 28 February 2025
13,399 
5,842 
19,241 
Depreciation
At 1 March 2024
10,793 
4,576 
15,369 
Charge for the year
1,210 
633 
1,843 
At 28 February 2025
12,003 
5,209 
17,212 
Net book value
At 28 February 2025
1,396 
633 
2,029 
At 29 February 2024
2,161 
1,266 
3,427 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Other debtors
9,408 
5,000 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security
15,390 
20,633 
Loans from directors
773 
(8,313)
Accruals
840 
625 
17,003 
12,945 
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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