Wisebuy Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 03976126 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

WISEBUY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M W Josephson MBE

L Kellett

REGISTERED OFFICE:

Unit 4 Caledonia Way

Stretford Motorway Estate

Stretford

Manchester

M32 0ZH

REGISTERED NUMBER:

03976126 (England and Wales)

ACCOUNTANTS:

Michael Donnan & Co Limited

Oaktree Court Business Ctr

Mill Lane

Ness

Cheshire

CH64 8TP

FIXED ASSETS

Tangible assets

4

2,919

3,247

CURRENT ASSETS

Stocks

39,772

45,137

Debtors

5

34,016

37,919

Cash at bank and in hand

18,106

36,255

91,894

119,311

CREDITORS

Amounts falling due within one year

6

76,233

89,946

NET CURRENT ASSETS

15,661

29,365

TOTAL ASSETS LESS CURRENT
LIABILITIES

18,580

32,612

CREDITORS

Amounts falling due after more than
one year

7

2,667

12,928

NET ASSETS

15,913

19,684

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

9

15,813

19,584

SHAREHOLDERS' FUNDS

15,913

19,684

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

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

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 15 August 2025 and were signed on its behalf by:

M W Josephson MBE - Director

L Kellett - Director

1.	STATUTORY INFORMATION

Wisebuy Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Transactions are rounded to the nearest £.

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 value of goods dispatched during the year, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2024

5,200

2,106

7,306

Additions

-

957

At 31 March 2025

5,200

3,063

8,263

DEPRECIATION

At 1 April 2024

2,701

1,358

4,059

Charge for year

625

660

1,285

At 31 March 2025

3,326

2,018

5,344

NET BOOK VALUE

At 31 March 2025

1,874

1,045

2,919

At 31 March 2024

2,499

748

3,247

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Trade debtors

2,227

6,595

Other debtors

31,624

10,792

Directors' loan accounts

-

20,382

Prepayments and accrued income

165

150

34,016

37,919

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Bank loans and overdrafts

10,667

10,343

Trade creditors

13,277

17,507

Corporation tax

15,681

17,527

VAT

3,297

6,953

Directors' loan accounts

29,431

34,756

Accrued expenses

3,880

2,860

76,233

89,946

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31/3/25

31/3/24

£

Bank loans - 1-2 years

2,667

10,342

Bank loans - 2-5 years

-

2,586

2,667

12,928

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

100

Ordinary

1

100

9.

RESERVES

Retained

earnings

£

At 1 April 2024

19,584

Profit for the year

42,729

Dividends

(46,500

)

At 31 March 2025

15,813

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31/3/25

31/3/24

£

M W Josephson MBE

Balance outstanding at start of year

20,382

Amounts repaid

(20,382

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

20,382

The above advance was interest free, had no fixed repayment date and was unsecured.

11.	RELATED PARTY DISCLOSURES

STOCKS 2015 LTD

A company which has common directors and shareholders.

At the year end 31 March 2024, Stocks 2015 Ltd owed the company £4,168 which is in other debtors. During the year ended 31 March 2025, the brought forward loan was repaid. Another loan of £50,000 was made to Stocks 2015 Ltd of which £25,000 was repaid. This resulted in a debtor of £25,000 owed from Stocks 2015 Ltd at 31 March 2025 which is held in other debtors.

The loan is interest free, unsecured and repayable on demand.