Company Registration No. 06047830 (England and Wales)
FINANCE WISE INVESTMENTS LIMITED
Unaudited accounts
for the year ended 31 March 2021
FINANCE WISE INVESTMENTS LIMITED
Unaudited accounts
Contents
FINANCE WISE INVESTMENTS LIMITED
Company Information
for the year ended 31 March 2021
Company Number
06047830 (England and Wales)
Registered Office
Unit 5 Pennington Close
West Bromwich
B70 8BG
Accountants
Evenstone Ltd
Boston House
Downsview Road
Wantage
Oxfordshire
OX12 9FF
FINANCE WISE INVESTMENTS LIMITED
Statement of financial position
as at 31 March 2021
Tangible assets
122,623
122,623
Cash at bank and in hand
4,649
3,086
Creditors: amounts falling due within one year
(3,183)
(1,038)
Net current assets
1,466
2,519
Total assets less current liabilities
131,160
132,213
Creditors: amounts falling due after more than one year
(131,018)
(131,018)
Called up share capital
1
1
Profit and loss account
141
1,194
Shareholders' funds
142
1,195
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 October 2021 and were signed on its behalf by
Mr A S Longani
Director
Company Registration No. 06047830
FINANCE WISE INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2021
FINANCE WISE INVESTMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06047830. The registered office is Unit 5 Pennington Close, West Bromwich, B70 8BG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery - 100% straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2020
122,623
895
123,518
At 31 March 2021
122,623
895
123,518
At 31 March 2021
-
895
895
At 31 March 2021
122,623
-
122,623
At 31 March 2020
122,623
-
122,623
5
Investments
Other investments
Valuation at 1 April 2020
7,071
Valuation at 31 March 2021
7,071
FINANCE WISE INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2021
6
Debtors: amounts falling due within one year
2021
2020
7
Creditors: amounts falling due within one year
2021
2020
8
Creditors: amounts falling due after more than one year
2021
2020
Other creditors
43,059
43,059
9
Average number of employees
During the year the average number of employees was 1 (2020: 1).
