Wise and Thrive Ltd - Accounts to registrar (filleted) - small 18.2

Wise and Thrive Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 07769554 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2019

for

Wise and Thrive Ltd

Wise and Thrive Ltd (Registered number: 07769554)






Contents of the Financial Statements
for the Year Ended 30 September 2019




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Wise and Thrive Ltd

Company Information
for the Year Ended 30 September 2019







DIRECTORS: A B L Nec
J Satchwell





SECRETARY: J Satchwell





REGISTERED OFFICE: Carenza
12 Polscoe
Lostwithiel
Cornwall
PL22 0HS





REGISTERED NUMBER: 07769554 (England and Wales)

Wise and Thrive Ltd (Registered number: 07769554)

Abridged Statement of Financial Position
30 September 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,922 73,645

CURRENT ASSETS
Debtors 13,274 4,090
Cash at bank 56,025 34,905
69,299 38,995
CREDITORS
Amounts falling due within one year 85,296 100,094
NET CURRENT LIABILITIES (15,997 ) (61,099 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,925

12,546

PROVISIONS FOR LIABILITIES 13,515 7,615
NET ASSETS 50,410 4,931

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 50,408 4,929
SHAREHOLDERS' FUNDS 50,410 4,931

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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.

Wise and Thrive Ltd (Registered number: 07769554)

Abridged Statement of Financial Position - continued
30 September 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30 September 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 April 2020 and were
signed on its behalf by:





A B L Nec - Director


Wise and Thrive Ltd (Registered number: 07769554)

Notes to the Financial Statements
for the Year Ended 30 September 2019

1. STATUTORY INFORMATION

Wise and Thrive 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 represents net invoiced sales of goods and services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Equipment - 20% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

Wise and Thrive Ltd (Registered number: 07769554)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2019

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2018 109,585
Additions 24,523
At 30 September 2019 134,108
DEPRECIATION
At 1 October 2018 35,940
Charge for year 18,246
At 30 September 2019 54,186
NET BOOK VALUE
At 30 September 2019 79,922
At 30 September 2018 73,645