Wise Energy Solutions Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08264223 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

WISE ENERGY SOLUTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

V Baines

Mrs C M Baines

REGISTERED OFFICE:

302 Clifton Drive South

Lytham St. Annes

Lancashire

FY8 1LH

REGISTERED NUMBER:

08264223 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Tangible assets

4

48,380

49,320

CURRENT ASSETS

Debtors

5

2,527,227

2,982,282

Cash at bank and in hand

68,144

190,001

2,595,371

3,172,283

CREDITORS

Amounts falling due within one year

6

1,571,273

1,817,087

NET CURRENT ASSETS

1,024,098

1,355,196

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,072,478

1,404,516

CREDITORS

Amounts falling due after more than one
year

7

-

55,000

NET ASSETS

1,072,478

1,349,516

CAPITAL AND RESERVES

Called up share capital

9

2

Retained earnings

1,072,476

1,349,514

SHAREHOLDERS' FUNDS

1,072,478

1,349,516

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 29 April 2026 and were signed on its behalf by:

V Baines - Director

Mrs C M Baines - Director

1.	STATUTORY INFORMATION

Wise Energy Solutions 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.

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 fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

10% on cost

Plant and machinery

33% on cost

Fixtures and fittings

25% on cost

Motor vehicles

25% on cost

Computer equipment

33% on cost

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.

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.

Going concern

The directors have a reasonable expectation that the company possesses sufficient resources to continue in operational existence for the foreseeable future. Thus, the going concern policy of accounting has been adopted in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 71 (2024 - 42 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

COST

At 1 September 2024

5,182

86,324

49,454

Additions

-

16,378

622

At 31 August 2025

5,182

102,702

50,076

DEPRECIATION

At 1 September 2024

1,546

65,264

42,568

Charge for year

1,037

11,806

6,242

At 31 August 2025

2,583

77,070

48,810

NET BOOK VALUE

At 31 August 2025

2,599

25,632

1,266

At 31 August 2024

3,636

21,060

6,886

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 September 2024

100,183

38,049

279,192

Additions

-

10,417

27,417

At 31 August 2025

100,183

48,466

306,609

DEPRECIATION

At 1 September 2024

92,104

28,390

229,872

Charge for year

2,765

6,507

28,357

At 31 August 2025

94,869

34,897

258,229

NET BOOK VALUE

At 31 August 2025

5,314

13,569

48,380

At 31 August 2024

8,079

9,659

49,320

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/25

31/8/24

£

Trade debtors

55,127

67,759

Amounts owed by group undertakings

1,411,621

Other debtors

17,202

16,878

Deferred tax asset

90,299

37,996

VAT

55,511

93,363

Prepayments and accrued income

897,467

1,354,665

2,527,227

2,982,282

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/25

31/8/24

£

Bank loans and overdrafts (see note 8)

55,000

60,000

Trade creditors

767,296

723,370

Social security and other taxes

48,908

31,720

Other creditors

137,148

150,719

Directors' current accounts

392,696

396,249

Accrued expenses

170,225

455,029

1,571,273

1,817,087

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/8/25

31/8/24

£

Bank loans (see note 8)

-

55,000

8.

LOANS

An analysis of the maturity of loans is given below:

31/8/25

31/8/24

£

Amounts falling due within one year or on demand:

Bank loans

55,000

60,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

55,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/8/25

31/8/24

value:

£

2

Ordinary

£1

2

10.	RELATED PARTY DISCLOSURES

GDES (UK) Limited owns 50% of the share capital in Wise Energy Solutions Limited.

At 31 August 2025, included within debtors was a balance due to the company from GDES (UK) Limited of £1,411,621 (2024: £1,411,621). No interest was charged on this loan.