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
Wisdom Financial Services Ltd
Company Information
for the year ended 28 February 2025
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
Wisdom Financial Services Ltd
Statement of financial position
as at 28 February 2025
Tangible assets
2,029
3,427
Cash at bank and in hand
6,601
4,639
Creditors: amounts falling due within one year
(17,003)
(12,945)
Net current liabilities
(994)
(3,306)
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
Wisdom Financial Services Ltd
Notes to the Accounts
for the year ended 28 February 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 28 February 2025
12,000
At 28 February 2025
12,000
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
At 28 February 2025
13,399
5,842
19,241
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
At 28 February 2025
1,396
633
2,029
At 29 February 2024
2,161
1,266
3,427
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
15,390
20,633
Loans from directors
773
(8,313)
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).