Acorah Software Products - Accounts Production 16.8.310 false true 31 August 2024 1 September 2023 false 1 September 2024 31 August 2025 31 August 2025 03425985 Mr David Earl Mrs Heather Earl David Earl true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03425985 2024-08-31 03425985 2025-08-31 03425985 2024-09-01 2025-08-31 03425985 frs-core:CurrentFinancialInstruments 2025-08-31 03425985 frs-core:BetweenOneFiveYears 2025-08-31 03425985 frs-core:FurnitureFittings 2025-08-31 03425985 frs-core:FurnitureFittings 2024-09-01 2025-08-31 03425985 frs-core:FurnitureFittings 2024-08-31 03425985 frs-core:WithinOneYear 2025-08-31 03425985 frs-core:ShareCapital 2025-08-31 03425985 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 03425985 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 03425985 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 03425985 frs-bus:SmallEntities 2024-09-01 2025-08-31 03425985 frs-bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 03425985 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 03425985 1 2024-09-01 2025-08-31 03425985 frs-bus:Director1 2024-09-01 2025-08-31 03425985 frs-bus:CompanySecretary1 2024-09-01 2025-08-31 03425985 frs-core:CurrentFinancialInstruments 1 2025-08-31 03425985 frs-countries:EnglandWales 2024-09-01 2025-08-31 03425985 2023-08-31 03425985 2024-08-31 03425985 2023-09-01 2024-08-31 03425985 frs-core:CurrentFinancialInstruments 2024-08-31 03425985 frs-core:BetweenOneFiveYears 2024-08-31 03425985 frs-core:WithinOneYear 2024-08-31 03425985 frs-core:ShareCapital 2024-08-31 03425985 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 03425985 frs-core:CurrentFinancialInstruments 1 2024-08-31
Registered number: 03425985
W.I.S.E. Underwriting Agency Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
FB Accountancy Services Limited
Chartered Certified Accountants
Unit 16, Heronsgate Trading Estate
Paycocke Road
Basildon
Essex
SS14 3EU
W.I.S.E. Underwriting Agency Limited
Contents
Contents

| Page
--- | ---
Accountant's Report | 1
Statement of Financial Position | 2—3
Notes to the Financial Statements | 4—6

Page 1
W.I.S.E. Underwriting Agency Limited
Accountant's Report
For The Year Ended 31 August 2025
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of W.I.S.E. Underwriting Agency Limited For The Year Ended 31 August 2025
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of W.I.S.E. Underwriting Agency Limited which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of W.I.S.E. Underwriting Agency Limited , as a body, in accordance with the terms of our engagement letter dated 31 March 2025. Our work has been undertaken solely to prepare for your approval the accounts of W.I.S.E. Underwriting Agency Limited and state those matters that we have agreed to state to the director of W.I.S.E. Underwriting Agency Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than W.I.S.E. Underwriting Agency Limited and its director as a body for our work or for this report.
It is your duty to ensure that W.I.S.E. Underwriting Agency Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of W.I.S.E. Underwriting Agency Limited . You consider that W.I.S.E. Underwriting Agency Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of W.I.S.E. Underwriting Agency Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

13/02/2026

FB Accountancy Services Limited
Chartered Certified Accountants
Unit 16, Heronsgate Trading Estate
Paycocke Road
Basildon
Essex
SS14 3EU
Page 1
Page 2
W.I.S.E. Underwriting Agency Limited
Statement of Financial Position
As At 31 August 2025
Statement of Financial Position
Registered number: 03425985

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 17,122 |  | 22,830
|  |  | 17,122 |  | 22,830
CURRENT ASSETS
Debtors | 5 | 682,233 |  | 917,024 |
Cash at bank and in hand |  | 4,066,970 |  | 5,001,462 |
|  | 4,749,203 |  | 5,918,486 |
Creditors: Amounts Falling Due Within One Year | 6 | (3,296,895 ) |  | (4,430,915 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,452,308 |  | 1,487,571
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,469,430 |  | 1,510,401
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (4,280 ) |  | (5,707 )
NET ASSETS |  |  | 1,465,150 |  | 1,504,694
CAPITAL AND RESERVES
Called up share capital | 7 |  | 22,000 |  | 22,000
Income Statement |  |  | 1,443,150 |  | 1,482,694
SHAREHOLDERS' FUNDS |  |  | 1,465,150 |  | 1,504,694

Page 2
Page 3
W.I.S.E. Underwriting Agency Limited
Statement of Financial Position (continued)
As At 31 August 2025
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board

Mr David Earl Director
13/02/2026

The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
W.I.S.E. Underwriting Agency Limited
Notes to the Financial Statements
For The Year Ended 31 August 2025
Notes to the Financial Statements
1. General Information
W.I.S.E. Underwriting Agency Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03425985 . The registered office is 16 Heronsgate Trading Estate, Paycocke Road, Basildon, Essex, SS14 3EU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings | 25% Reducing Balance

2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
Page 4
Page 5
W.I.S.E. Underwriting Agency Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 10)
10 10
4. Tangible Assets

| Fixtures & Fittings
--- | ---
| £
Cost
As at 1 September 2024 | 52,816
As at 31 August 2025 | 52,816
Depreciation
As at 1 September 2024 | 29,986
Provided during the period | 5,708
As at 31 August 2025 | 35,694
Net Book Value
As at 31 August 2025 | 17,122
As at 1 September 2024 | 22,830

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 600,230 |  | 848,406
Other debtors | 31,375 |  | 31,375
Corporation tax recoverable assets | 4,731 |  | 5,406
Amounts owed by group undertakings | 45,897 |  | 31,837
| 682,233 |  | 917,024

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other taxes and social security | 14,118 |  | 37,002
Other creditors | 3,040 |  | 1,671
Client Accounts | 3,267,342 |  | 4,236,494
Accruals and deferred income | 12,395 |  | 155,748
| 3,296,895 |  | 4,430,915

7. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 22,000 |  | 22,000

Page 5
Page 6
W.I.S.E. Underwriting Agency Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 85,000 |  | 77,917
Later than one year and not later than five years | 332,917 |  | -
| 417,917 |  | 77,917

9. Ultimate Controlling Party
The company's ultimate controlling party is David Earl by virtue of his ownership of 100% of the issued share capital of Highview Shareholdings Limited (registered office at 16 Heronsgate Trading Estate, Paycocke Road, Basildon, Essex, SS14 3EU), the majority shareholder.
Page 6