IRIS Accounts Production v25.1.3.33 02800889 Board of Directors 1.2.24 31.1.25 31.1.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028008892024-01-31028008892025-01-31028008892024-02-012025-01-31028008892023-01-31028008892023-02-012024-01-31028008892024-01-3102800889ns15:EnglandWales2024-02-012025-01-3102800889ns14:PoundSterling2024-02-012025-01-3102800889ns10:Director12024-02-012025-01-3102800889ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3102800889ns10:SmallEntities2024-02-012025-01-3102800889ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3102800889ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3102800889ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3102800889ns10:FullAccounts2024-02-012025-01-3102800889ns10:Director22024-02-012025-01-3102800889ns10:Director32024-02-012025-01-3102800889ns10:Director42024-02-012025-01-3102800889ns10:CompanySecretary12024-02-012025-01-3102800889ns10:RegisteredOffice2024-02-012025-01-3102800889ns5:CurrentFinancialInstruments2025-01-3102800889ns5:CurrentFinancialInstruments2024-01-3102800889ns5:Non-currentFinancialInstruments2025-01-3102800889ns5:Non-currentFinancialInstruments2024-01-3102800889ns5:ShareCapital2025-01-3102800889ns5:ShareCapital2024-01-3102800889ns5:RetainedEarningsAccumulatedLosses2025-01-3102800889ns5:RetainedEarningsAccumulatedLosses2024-01-3102800889ns5:LeaseholdImprovements2024-02-012025-01-3102800889ns5:PlantMachinery2024-02-012025-01-3102800889ns5:FurnitureFittings2024-02-012025-01-3102800889ns5:ComputerEquipment2024-02-012025-01-3102800889ns5:LandBuildings2024-01-3102800889ns5:LeaseholdImprovements2024-01-3102800889ns5:PlantMachinery2024-01-3102800889ns5:LandBuildings2024-02-012025-01-3102800889ns5:LandBuildings2025-01-3102800889ns5:LeaseholdImprovements2025-01-3102800889ns5:PlantMachinery2025-01-3102800889ns5:LandBuildings2024-01-3102800889ns5:LeaseholdImprovements2024-01-3102800889ns5:PlantMachinery2024-01-3102800889ns5:FurnitureFittings2024-01-3102800889ns5:ComputerEquipment2024-01-3102800889ns5:FurnitureFittings2025-01-3102800889ns5:ComputerEquipment2025-01-3102800889ns5:FurnitureFittings2024-01-3102800889ns5:ComputerEquipment2024-01-3102800889ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3102800889ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3102800889ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2025-01-3102800889ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-01-3102800889ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2025-01-3102800889ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-01-3102800889ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2025-01-3102800889ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-01-3102800889ns5:Secured2025-01-3102800889ns5:Secured2024-01-31
REGISTERED NUMBER: 02800889 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

WISEMONEY LIMITED

WISEMONEY LIMITED (REGISTERED NUMBER: 02800889)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WISEMONEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2025







DIRECTORS: M R Kinch
Mrs J A Kinch
A R Kinch
Mrs J S Kinch





SECRETARY: Mrs J S Kinch





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 02800889 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

WISEMONEY LIMITED (REGISTERED NUMBER: 02800889)

BALANCE SHEET
31ST JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 986,107 986,463

CURRENT ASSETS
Debtors 5 45,107 34,764
Cash at bank and in hand 11,589 42,703
56,696 77,467
CREDITORS
Amounts falling due within one year 6 246,136 252,566
NET CURRENT LIABILITIES (189,440 ) (175,099 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

796,667

811,364

CREDITORS
Amounts falling due after more than one
year

7

(180,527

)

(217,440

)

PROVISIONS FOR LIABILITIES (667 ) (667 )
NET ASSETS 615,473 593,257

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 615,373 593,157
SHAREHOLDERS' FUNDS 615,473 593,257

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

WISEMONEY LIMITED (REGISTERED NUMBER: 02800889)

BALANCE SHEET - continued
31ST JANUARY 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th June 2025 and were signed on its behalf by:





Mrs J S Kinch - Director


WISEMONEY LIMITED (REGISTERED NUMBER: 02800889)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025


1. STATUTORY INFORMATION

Wisemoney 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 as modified by the revaluation of certain assets.

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.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

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

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

WISEMONEY LIMITED (REGISTERED NUMBER: 02800889)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1st February 2024
and 31st January 2025 984,093 8,331 975
DEPRECIATION
At 1st February 2024 - 8,331 756
Charge for year - - 33
At 31st January 2025 - 8,331 789
NET BOOK VALUE
At 31st January 2025 984,093 - 186
At 31st January 2024 984,093 - 219

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST OR VALUATION
At 1st February 2024
and 31st January 2025 15,050 4,916 1,013,365
DEPRECIATION
At 1st February 2024 14,526 3,289 26,902
Charge for year 79 244 356
At 31st January 2025 14,605 3,533 27,258
NET BOOK VALUE
At 31st January 2025 445 1,383 986,107
At 31st January 2024 524 1,627 986,463

WISEMONEY LIMITED (REGISTERED NUMBER: 02800889)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31st January 2025 is represented by:

Improvements
Freehold to Plant and
property property machinery
£    £    £   
Valuation in 2014 (22,624 ) - -
Cost 1,006,717 8,331 975
984,093 8,331 975

Fixtures
and Computer
fittings equipment Totals
£    £    £   
Valuation in 2014 - - (22,624 )
Cost 15,050 4,916 1,035,989
15,050 4,916 1,013,365

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 39,650 16,190
Other debtors - 15,624
VAT 3,076 1,350
Prepayments and accrued income 2,381 1,600
45,107 34,764

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 34,266 32,134
Trade creditors 27,348 14,091
Tax 5,624 7,162
Directors' current accounts 167,379 187,669
Accruals and deferred income 11,519 11,510
246,136 252,566

WISEMONEY LIMITED (REGISTERED NUMBER: 02800889)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 1-2 years 36,518 34,266
Bank loans - 2-5 years 94,009 114,844
Bank loans more 5 yr by instal - 18,330
Directors' loan accounts 50,000 50,000
180,527 217,440

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 18,330

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 164,793 199,574

The bank loans are secured by the company's freehold properties.