Wisemoney Limited - Abbreviated accounts 16.1

Wisemoney Limited - Abbreviated accounts 16.1

WISEMONEY LIMITED - Company Information

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02800889 1.2.15 31.1.16 31.1.16 Company accounts Private Limited Company FY true false true false false true false 'A' Ordinary 1.00000 'B' Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure028008892015-01-31028008892016-01-31028008892015-02-012016-01-31028008892014-01-31028008892014-02-012015-01-31028008892015-01-3102800889ns12:England2015-02-012016-01-3102800889ns14:PoundSterling2015-02-012016-01-3102800889ns7:Director12015-02-012016-01-3102800889ns7:OrdinaryShareClass22015-02-012016-01-3102800889ns7:OrdinaryShareClass32015-02-012016-01-3102800889ns7:Director22015-02-012016-01-3102800889ns7:Director32015-02-012016-01-3102800889ns7:Director42015-02-012016-01-3102800889ns7:CompanySecretary2015-02-012016-01-3102800889ns7:RegisteredOffice2015-02-012016-01-3102800889ns7:EntityAccountantsOrAuditors2015-02-012016-01-3102800889ns5:ImprovementsOrDevelopmentAssets2015-02-012016-01-3102800889ns5:PlantMachinery2015-02-012016-01-3102800889ns5:FixturesFittings2015-02-012016-01-3102800889ns5:ComputerEquipment2015-02-012016-01-3102800889ns7:OrdinaryShareClass22016-01-3102800889ns7:OrdinaryShareClass22015-01-3102800889ns7:OrdinaryShareClass32016-01-3102800889ns7:OrdinaryShareClass32015-01-31
REGISTERED NUMBER: 02800889 (England and Wales)





ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

FOR

WISEMONEY LIMITED

WISEMONEY LIMITED (REGISTERED NUMBER: 02800889)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

WISEMONEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2016







DIRECTORS: M R Kinch
Mrs J A Kinch
A R Kinch
Mrs J S Kinch





SECRETARY: Mrs J S Kinch





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 02800889 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ
Page 1
WISEMONEY LIMITED (REGISTERED NUMBER: 02800889)

ABBREVIATED BALANCE SHEET
31 JANUARY 2016

31.1.16 31.1.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 994,069 994,826

CURRENT ASSETS
Stocks 76,174 81,116
Debtors 20,938 4,725
Cash at bank and in hand 58,829 52,010
155,941 137,851
CREDITORS
Amounts falling due within one year 3 77,133 65,951
NET CURRENT ASSETS 78,808 71,900
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,072,877
1,066,726

CREDITORS
Amounts falling due after more than one
year
3
(373,147
)
(392,409
)

PROVISIONS FOR LIABILITIES (667 ) (667 )
NET ASSETS 699,063 673,650

CAPITAL AND RESERVES
Called up share capital 4 100 100
Revaluation reserve 23,314 23,314
Profit and loss account 675,649 650,236
SHAREHOLDERS' FUNDS 699,063 673,650

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
WISEMONEY LIMITED (REGISTERED NUMBER: 02800889)

ABBREVIATED BALANCE SHEET - continued
31 JANUARY 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 26 October 2016 and were signed on its behalf by:





Mrs J S Kinch - Director


The notes form part of these abbreviated accounts

Page 3
WISEMONEY LIMITED (REGISTERED NUMBER: 02800889)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January
2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

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 - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

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 the profit and loss account in the period to which they relate.

Investment properties
In accordance with Statement of Standard Accounting Practice No 19, certain of the company's properties are
held for long term investment and are included in the balance sheet at their open market values. The surplus(es)
or deficit(s) on revaluation of such properties are transferred to the investment property revaluation reserve.
Depreciation is not provided in respect of freehold investment properties. Leasehold investment properties are
not amortised where the unexpired term is over twenty years.

This policy represents a departure from statutory accounting principles, which require depreciation to be
provided on all fixed assets. The directors consider that this policy is necessary in order that the accounts may
give a true and fair view because current values and changes in current values are of prime importance rather
than the systematic annual depreciation charge. Amortisation is only one of many factors reflected in the
valuation and the amount which might otherwise have been shown cannot be seperately identified or quantified.

Page 4 continued...
WISEMONEY LIMITED (REGISTERED NUMBER: 02800889)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JANUARY 2016


2. TANGIBLE FIXED ASSETS
Total
£   
COST OR VALUATION
At 1 February 2015 1,020,082
Additions 975
At 31 January 2016 1,021,057
DEPRECIATION
At 1 February 2015 25,256
Charge for year 1,732
At 31 January 2016 26,988
NET BOOK VALUE
At 31 January 2016 994,069
At 31 January 2015 994,826

3. CREDITORS

Creditors include an amount of £ 392,410 (31.1.15 - £ 410,673 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.1.16 31.1.15
£    £   
Repayable by instalments 282,040 307,001

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.16 31.1.15
value: £    £   
94 'A' Ordinary £1 94 94
6 'B' Ordinary £1 6 6
100 100

Page 5