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Registered number: 13738588
Wise Owls Tutoring Ltd
Financial Statements
For The Year Ended 30 November 2025
Gravitate Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13738588
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 9,325 11,124
Tangible Assets 5 14,598 16,011
23,923 27,135
CURRENT ASSETS
Debtors 6 4,668 1,487
Cash at bank and in hand 17,998 10,978
22,666 12,465
Creditors: Amounts Falling Due Within One Year 7 (35,197 ) (32,395 )
NET CURRENT ASSETS (LIABILITIES) (12,531 ) (19,930 )
TOTAL ASSETS LESS CURRENT LIABILITIES 11,392 7,205
NET ASSETS 11,392 7,205
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 11,391 7,204
SHAREHOLDERS' FUNDS 11,392 7,205
Page 1
Page 2
For the year ending 30 November 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 Profit and Loss Account.
On behalf of the board
M Dowse
Director
25th August 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wise Owls Tutoring Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13738588 . The registered office is 12 Ashwell Road, Sheffield, S13 7EB.
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.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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:
Motor Vehicles Reducing Balance Method 20%
Fixtures & Fittings Stright Line Method 25%
Computer Equipment Stright Line Method 25%
2.5. Financial Instruments
Debtors and creditors with no stated interest rate, and repayable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account within overheads. 
2.6. 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 6)
4 6
4. Intangible Assets
Other
£
Cost
As at 1 December 2024 17,994
As at 30 November 2025 17,994
Amortisation
As at 1 December 2024 6,870
Provided during the period 1,799
As at 30 November 2025 8,669
Net Book Value
As at 30 November 2025 9,325
As at 1 December 2024 11,124
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2024 12,970 850 7,743 21,563
Additions - 105 3,417 3,522
As at 30 November 2025 12,970 955 11,160 25,085
Depreciation
As at 1 December 2024 649 338 4,565 5,552
Provided during the period 2,464 236 2,235 4,935
As at 30 November 2025 3,113 574 6,800 10,487
Net Book Value
As at 30 November 2025 9,857 381 4,360 14,598
As at 1 December 2024 12,321 512 3,178 16,011
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,348 -
Other debtors 1,320 1,487
4,668 1,487
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 509 234
Taxation and social security 1,099 1,329
Other creditors 33,589 30,832
35,197 32,395
8. Share Capital
2025 2024
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.000 each 1 1
9. Related Party Transactions
The company has taken advantage of exemption conferred by FRS 102 S33,1A, removing the requirement to disclose transactions between group members.
As at 30 November 2025: amounts owed to related parties £30,347 (2024: £29,535).
Outstanding balances with entities are unsecured, interest free and payable on demand.
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