Wisdom Shared Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05725525 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

WISDOM SHARED LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms A J Watson

SECRETARY:

J V R Helps

REGISTERED OFFICE:

Church Island House

Church Island

Staines

Middlesex

TW18 4YE

REGISTERED NUMBER:

05725525 (England and Wales)

ACCOUNTANTS:

Skingle Helps & Co

28 Southway

Carshalton Beeches

Surrey

SM5 4HW

FIXED ASSETS

Tangible assets

4

2,871

-

CURRENT ASSETS

Debtors

5

-

924

Cash at bank

24,837

-

24,837

924

CREDITORS

Amounts falling due within one year

6

14,680

479

NET CURRENT ASSETS

10,157

445

TOTAL ASSETS LESS CURRENT LIABILITIES

13,028

445

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

7

13,027

444

SHAREHOLDERS' FUNDS

13,028

445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 20 December 2017 and were signed by:

Ms A J Watson - Director

1.	STATUTORY INFORMATION

Wisdom Shared 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

3,828

At 31 March 2017

3,828

DEPRECIATION

Charge for year

957

At 31 March 2017

957

NET BOOK VALUE

At 31 March 2017

2,871

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

-

924

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

2,232

-

Taxation and social security

10,590

-

Other creditors

1,858

479

14,680

479

7.

RESERVES

Retained

earnings

£

At 1 April 2016

444

Profit for the year

24,583

Dividends

(12,000

)

At 31 March 2017

13,027

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £12,000 were paid to the director .

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms A J Watson.