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REGISTERED NUMBER: 00885078 (England and Wales)













LESLIE WISE LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2018






LESLIE WISE LIMITED (REGISTERED NUMBER: 00885078)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LESLIE WISE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2018







DIRECTORS: Nedim Gundemir
Nuvit Gundemir





REGISTERED OFFICE: 39A Welbeck Street
London
W1G 8DH





REGISTERED NUMBER: 00885078 (England and Wales)





AUDITORS: Sinclairs Bartrum Lerner
Statutory Auditor
39A Welbeck Street
London
W1G 8DH

LESLIE WISE LIMITED (REGISTERED NUMBER: 00885078)

BALANCE SHEET
30TH APRIL 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,751 21,861
Investments 5 100 100
22,851 21,961

CURRENT ASSETS
Stocks 17,727 230,394
Debtors 6 1,304,101 1,327,369
Cash at bank and in hand 942,992 811,242
2,264,820 2,369,005
CREDITORS
Amounts falling due within one year 7 658,216 1,469,407
NET CURRENT ASSETS 1,606,604 899,598
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,629,455

921,559

PROVISIONS FOR LIABILITIES 4,081 2,362
NET ASSETS 1,625,374 919,197

CAPITAL AND RESERVES
Called up share capital 9 251,256 251,256
Retained earnings 1,374,118 667,941
SHAREHOLDERS' FUNDS 1,625,374 919,197

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 and authorised for issue by the Board of Directors on 16th January 2019 and
were signed on its behalf by:





Nedim Gundemir - Director


LESLIE WISE LIMITED (REGISTERED NUMBER: 00885078)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2018


1. STATUTORY INFORMATION

Leslie Wise 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 financial statements are presented in sterling which is the functional currency of the company and rounded
to the nearest pound.

The company's business address is 9 Cavendish Place, London, W1G 0NQ.

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 on a going concern basis
under the historical cost convention.

The significant accounting policies applied in the preparation of the financial statements are set out below and
have been consistently applied to all years presented unless otherwise stated.

Preparation of consolidated financial statements
The financial statements contain information about Leslie Wise Limited as an individual company and do not
contain consolidated financial information as the parent of a group. The company is exempt under Section
399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Revenue is recognised when goods are despatched to the customers.

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 - 20% straight line on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

LESLIE WISE LIMITED (REGISTERED NUMBER: 00885078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2018


2. ACCOUNTING POLICIES - continued

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling
at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from
those of the company in an independently administered fund. Contributions payable for the year are charged in
the profit and loss account.

Basic financial instruments
Trade and other debtors / creditors
Trade and other debtors are recognised initially at transaction price less attributable transaction costs.
Subsequent to initial recognition, they are measured at transaction price less any impairment losses. Trade and
other creditors are recognised initially at transaction price plus attributable transaction costs.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances and deposits.

Employee benefits
Holiday pay is recognised as an expense in the period in which the service from the employee is received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2017 - 9 ) .

LESLIE WISE LIMITED (REGISTERED NUMBER: 00885078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2018


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2017 79,917
Additions 7,456
At 30th April 2018 87,373
DEPRECIATION
At 1st May 2017 58,056
Charge for year 6,566
At 30th April 2018 64,622
NET BOOK VALUE
At 30th April 2018 22,751
At 30th April 2017 21,861

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st May 2017
and 30th April 2018 100
NET BOOK VALUE
At 30th April 2018 100
At 30th April 2017 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 1,280,793 1,243,073
Amounts owed by group undertakings 3,324 64,158
Other debtors 19,984 20,138
1,304,101 1,327,369

LESLIE WISE LIMITED (REGISTERED NUMBER: 00885078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2018


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 315,870 780,457
Taxation and social security 211,070 38,735
Other creditors 131,276 650,215
658,216 1,469,407

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2018 2017
£    £   
Within one year 26,000 -
Between one and five years - 91,000
26,000 91,000

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
251,256 Ordinary £1 251,256 251,256

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen Lerner (Senior Statutory Auditor)
for and on behalf of Sinclairs Bartrum Lerner

11. CONTINGENT LIABILITIES

There is an unlimited debenture incorporating a fixed and floating charge given to the company's bank.

12. RELATED PARTY DISCLOSURES

During the year the company purchased goods of £2,446,765 (2017: £2,936,189) from Savcan Tekstil, a
company under the common control of the directors Nedim and Nuvit Gundemir. At the Balance Sheet date, an
amount of £292,419 (2017: £585,517) was owed to Savcan Tekstil.