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REGISTERED NUMBER: 10915051 (England and Wales)








































Unaudited Financial Statements

for the Year Ended 31 August 2024

for

ASI Wise Limited

ASI Wise Limited (Registered number: 10915051)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASI Wise Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Ms A J Adamson
Mrs K L Smith
Mrs R E S Urwin





REGISTERED OFFICE: 98 Middlewich Road
Northwich
Cheshire
CW9 7DA





REGISTERED NUMBER: 10915051 (England and Wales)





ACCOUNTANTS: Buxton Accounting LLP
Chartered Accountants
98 Middlewich Road
Northwich
Cheshire
CW9 7DA

ASI Wise Limited (Registered number: 10915051)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 31,661 47,466

CURRENT ASSETS
Debtors 5 149,998 100,593
Cash at bank 340,913 528,631
490,911 629,224
CREDITORS
Amounts falling due within one year 6 514,331 570,531
NET CURRENT (LIABILITIES)/ASSETS (23,420 ) 58,693
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,241

106,159

RESERVES
Income and expenditure account 8,241 106,159
8,241 106,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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 surplus or deficit 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 29 May 2025 and were signed on its behalf by:





Mrs K L Smith - Director


ASI Wise Limited (Registered number: 10915051)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

ASI Wise Limited is a private company, limited by guarantee , 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, excluding discounts, rebates, value added tax and other sales taxes.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 6 ) .

ASI Wise Limited (Registered number: 10915051)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 92,900
Additions 13,402
At 31 August 2024 106,302
DEPRECIATION
At 1 September 2023 45,434
Charge for year 29,207
At 31 August 2024 74,641
NET BOOK VALUE
At 31 August 2024 31,661
At 31 August 2023 47,466

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 109,036 84,021
Other debtors 40,962 16,572
149,998 100,593

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,621 41,888
Taxation and social security 11,029 24,565
Other creditors 489,681 504,078
514,331 570,531

7. CAPITAL

The company being limited by guarantee does not have a capital divided in to shares. Every member of the company undertakes to contribute to the assets of the company in the event of it being wound up, for payment of the debts and liabilities of the company contracted before he or she ceases to be a member, and for such amounts as may be required not exceeding for members one pound.

If the company is wound up or dissolved and after all its debts and liabilities have been satisfied there remains any property it shall not be paid or distributed among the members of the company, but shall be given or transferred to some other charity or charities having Objects similar to the Objects which prohibits the distribution of its or their income and property to an extent at least as great as within the Memorandum of the ASI Wise Limited, chosen by the Members of the Charity at or before the time of dissolution and if that cannot be done then to some other charitable object.

ASI Wise Limited (Registered number: 10915051)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


8. ULTIMATE CONTROLLING PARTY

The company is controlled by the Board of Directors.