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Company Registration No. 12589914 (England and Wales)
Wise May Ltd Unaudited accounts for the year ended 31 May 2025
Wise May Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Wise May Ltd Company Information for the year ended 31 May 2025
Director
Amy Louise Allen
Company Number
12589914 (England and Wales)
Registered Office
7 Bell Yard London WC2A 2JR England
Accountants
Oaks Tax & Accounts Ltd 212 Seal Road Sevenoaks Kent TN14 5AB
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Wise May Ltd Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
20,839
3,315
Current assets
Debtors
45,927
46,182
Cash at bank and in hand
167,736
81,625
213,663
127,807
Creditors: amounts falling due within one year
(87,698)
(59,723)
Net current assets
125,965
68,084
Total assets less current liabilities
146,804
71,399
Creditors: amounts falling due after more than one year
(17,173)
-
Provisions for liabilities
Deferred tax
5
(205)
(829)
Net assets
129,426
70,570
Capital and reserves
Called up share capital
1
1
Profit and loss account
129,425
70,569
Shareholders' funds
129,426
70,570
For the year ending 31 May 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 19 November 2025 and were signed on its behalf by
Amy Louise Allen Director Company Registration No. 12589914
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Wise May Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Wise May Ltd is a private company, limited by shares, registered in England and Wales, registration number 12589914. The registered office is 7 Bell Yard, London, WC2A 2JR, 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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Plant & machinery
4 years straight line
Motor vehicles
4 years straight line
Computer equipment
4 years straight line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Wise May Ltd Notes to the Accounts for the year ended 31 May 2025
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 June 2024
10,841
Additions
26,691
At 31 May 2025
37,532
Depreciation
At 1 June 2024
7,526
Charge for the year
9,167
At 31 May 2025
16,693
Net book value
At 31 May 2025
20,839
At 31 May 2024
3,315
2025
2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
20,018
-
5
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
205
829
2025
2024
£
£
Provision at start of year
829
1,506
Credited to the profit and loss account
(624)
(677)
Provision at end of year
205
829
6
Operating lease commitments
2025
2024
£
£
At 31 May 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
6,389
11,180
7
Average number of employees
During the year the average number of employees was 19 (2024: 27).
- 6 -
Wise May Ltd Notes to the Accounts for the year ended 31 May 2025
8
Reconciliations on adoption of FRS 102
Reconciliation of equity
1 June 2023
31 May 2024
£
£
Capital and reserves (as previously stated)
77,955
71,399
Recognition of deferred tax
(1,506)
(829)
Capital and reserves (as restated)
76,449
70,570
Reconciliation of profit or loss for the year
31 May 2024
£
Profit for the year (as previously stated)
96,599
Recognition of deferred tax
677
Profit for the year (as restated)
97,276
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