Wisdom 8 Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06081768

Wisdom 8 Limited

Filleted Unaudited Financial Statements

31 July 2025

Wisdom 8 Limited

Financial Statements

Year ended 31 July 2025

Contents	Page

Balance sheet	1

Notes to the financial statements	3

Wisdom 8 Limited

Balance Sheet

31 July 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		470		1,203

Current assets

Debtors	6	546,577	507,900
Cash at bank and in hand		128,371	95,723
		---------	---------
		674,948	603,623

Creditors: amounts falling due within one year	7	190,632		157,164
		---------		---------
Net current assets			484,316		446,459
			---------		---------
Total assets less current liabilities			484,786		447,662

Provisions

Taxation including deferred tax	118	301
	---------	---------
Net assets	484,668	447,361
	---------	---------

Wisdom 8 Limited

Balance Sheet (continued)

31 July 2025

	2025		2024
Note	£	£	£	£

Capital and reserves

Called up share capital	50	50
Capital redemption reserve	50	50
Profit and loss account	484,568	447,261
	---------	---------
Shareholders funds	484,668	447,361
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 19 August 2025 , and are signed on behalf of the board by:

K Tulpa
Director

Company registration number: 06081768

Wisdom 8 Limited

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 King William Street, London, EC4N 7AF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% straight line

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost using the effective interest rate method.

Defined contribution plans

Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Equipment
	£
Cost
At 1 August 2024 and 31 July 2025	8,090
	-------
Depreciation
At 1 August 2024	6,887
Charge for the year	733
	-------
At 31 July 2025	7,620
	-------
Carrying amount
At 31 July 2025	470
	-------
At 31 July 2024	1,203
	-------

6. Debtors

	2025	2024
	£	£
Trade debtors	143,406	106,555
Other debtors	403,171	401,345
	---------	---------
	546,577	507,900
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	67,384	59,844
Corporation tax	65,560	32,952
Social security and other taxes	30,336	25,571
Other creditors	27,352	38,797
	---------	---------
	190,632	157,164
	---------	---------

8. Related party transactions

The company has lent funds to another company under the common control of the director. The amount owed to Wisdom 8 Limited and included in other debtors was £399,944 (2024: £400,547). The loan is repayable on demand and interest bearing.