REGISTERED NUMBER: 05697468 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025

FOR

WOOD WISE TRADING LIMITED

T/A

SEALWISE FABRICATIONS

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P J Huggins

Mr S M Bray

Mr C H J Huggins

Mr B M Griffiths

REGISTERED OFFICE:

Unit 5, Mendip Industrial Estate

Mendip Road

Rooksbridge

Axbridge

Somerset

BS26 2UG

REGISTERED NUMBER:

05697468 (England and Wales)

ACCOUNTANTS:

Aspen Waite Limited

Chartered Accountants

Rubis House

15 Friarn Street

Bridgwater

Somerset

TA6 3LH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

163,222

218,686

163,222

218,686

CURRENT ASSETS

Stocks

95,500

70,207

Debtors

6

143,100

59,276

Cash at bank

24,542

43,979

263,142

173,462

CREDITORS

Amounts falling due within one year

7

(244,941

)

(160,809

)

NET CURRENT ASSETS

18,201

12,653

TOTAL ASSETS LESS CURRENT LIABILITIES

181,423

231,339

CREDITORS

Amounts falling due after more than one year

8

(106,673

)

(170,889

)

PROVISIONS FOR LIABILITIES

(8,019

)

(15,312

)

NET ASSETS

66,731

45,138

CAPITAL AND RESERVES

Called up share capital

121

121

Share premium

19,980

19,980

Retained earnings

46,630

25,037

SHAREHOLDERS' FUNDS

66,731

45,138

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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 and authorised for issue by the Board of Directors and authorised for issue on 14th November 2025 and were signed on its behalf by:

Mr P J Huggins - Director

1.	STATUTORY INFORMATION

Wood Wise Trading Limited 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 (£).

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

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

GOODWILL

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset. This has been now been written off in full.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

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.

Office equipment

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% 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.

RESEARCH AND DEVELOPMENT

Expenditure on research and development is charged to the profit and loss account in the year in which it is incurred.

HIRE PURCHASE AND LEASING COMMITMENTS

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

OPERATING LEASE AGREEMENTS

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

INVOICE DISCOUNTING

Amounts advanced under an invoice discounting agreement, in which full recourse lies with the lender, are recognised as a liability and included in Creditors: amounts falling due within one year. The related receivables balance continues to be reported separately in trade debtors until the account balances are collected.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st March 2024

and 28th February 2025

7,461

AMORTISATION

At 1st March 2024

and 28th February 2025

7,461

NET BOOK VALUE

At 28th February 2025

-

At 29th February 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Office

Plant and

and

equipment

machinery

fittings

£

£

£

COST

At 1st March 2024

2,114

461,303

18,346

Disposals

-

(3,250

)

-

At 28th February 2025

2,114

458,053

18,346

DEPRECIATION

At 1st March 2024

1,989

287,438

16,200

Charge for year

31

43,466

429

Eliminated on disposal

-

(2,350

)

-

At 28th February 2025

2,020

328,554

16,629

NET BOOK VALUE

At 28th February 2025

94

129,499

1,717

At 29th February 2024

125

173,865

2,146

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st March 2024

57,940

13,449

553,152

Disposals

-

-

(3,250

)

At 28th February 2025

57,940

13,449

549,902

DEPRECIATION

At 1st March 2024

15,390

13,449

334,466

Charge for year

10,638

-

54,564

Eliminated on disposal

-

-

(2,350

)

At 28th February 2025

26,028

13,449

386,680

NET BOOK VALUE

At 28th February 2025

31,912

-

163,222

At 29th February 2024

42,550

-

218,686

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st March 2024

283,680

57,940

341,620

Transfer to ownership

(3,250

)

-

(3,250

)

At 28th February 2025

280,430

57,940

338,370

DEPRECIATION

At 1st March 2024

132,627

15,390

148,017

Charge for year

37,762

10,638

48,400

Transfer to ownership

(2,350

)

-

(2,350

)

At 28th February 2025

168,039

26,028

194,067

NET BOOK VALUE

At 28th February 2025

112,391

31,912

144,303

At 29th February 2024

151,053

42,550

193,603

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/25

29/2/24

£

£

Trade debtors

141,100

59,276

Prepayments

2,000

-

143,100

59,276

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/25

29/2/24

£

£

Bank loan

5,566

5,638

Hire purchase contracts

58,406

60,389

Trade creditors

48,239

19,552

Amounts owed to group undertakings

27,500

-

Corporation tax

44

1,706

Social security and other taxes

22,521

21,050

Other creditors

79,046

48,915

Directors' current accounts

1,759

1,759

Accruals and deferred income

1,860

1,800

244,941

160,809

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28/2/25

29/2/24

£

£

Bank loan

23,600

24,013

Bank loan due in more than 5 years

-

5,072

Hire purchase contracts

83,073

141,804

106,673

170,889

Amounts falling due in more than five years:

Repayable by instalments

Bank loan due in more than 5 years

-

5,072

9.	SECURED DEBTS

The following secured debts are included within creditors:

28/2/25

29/2/24

£

£

Hire purchase contracts

141,479

202,193

Other creditors

77,346

47,215

218,825

249,408

10.	PARENT COMPANY

The parent company is The Wise Technology and Solutions Group Limited, a company registered in England and Wales. The parent's registered office address is Rubis House, 15 Friarn Street, Bridgwater, Somerset, TA6 3LH.