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REGISTERED NUMBER: 11575244 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2022

for

Wow Retail Services Ltd

Wow Retail Services Ltd (Registered number: 11575244)






Contents of the Financial Statements
for the Year Ended 30 September 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wow Retail Services Ltd

Company Information
for the Year Ended 30 September 2022







DIRECTOR: D S Elliott





SECRETARY: Mrs J E Elliott





REGISTERED OFFICE: 51 The Stream
Ditton
Aylesford
Kent
ME20 6AG





REGISTERED NUMBER: 11575244 (England and Wales)





ACCOUNTANTS: Zenon Tax Limited
51 The Stream
Ditton
Aylesford
Kent
ME20 6AG

Wow Retail Services Ltd (Registered number: 11575244)

Balance Sheet
30 September 2022

30.9.22 30.9.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,956 60,424

CURRENT ASSETS
Debtors 5 34,052 26,479
Cash at bank 744 50,004
34,796 76,483
CREDITORS
Amounts falling due within one year 6 31,995 55,766
NET CURRENT ASSETS 2,801 20,717
TOTAL ASSETS LESS CURRENT LIABILITIES 38,757 81,141

CREDITORS
Amounts falling due after more than one year 7 (22,743 ) (30,776 )

PROVISIONS FOR LIABILITIES (5,099 ) (11,481 )
NET ASSETS 10,915 38,884

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 10,911 38,880
10,915 38,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 30 September 2023 and were signed by:





D S Elliott - Director


Wow Retail Services Ltd (Registered number: 11575244)

Notes to the Financial Statements
for the Year Ended 30 September 2022

1. STATUTORY INFORMATION

Wow Retail Services 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 50% on cost and 25% on cost

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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2021 - 6 ) .

Wow Retail Services Ltd (Registered number: 11575244)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2021 108,792
Additions 2,300
At 30 September 2022 111,092
DEPRECIATION
At 1 October 2021 48,368
Charge for year 26,768
At 30 September 2022 75,136
NET BOOK VALUE
At 30 September 2022 35,956
At 30 September 2021 60,424

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2021 29,612
Transfer to ownership (29,612 )
At 30 September 2022 -
DEPRECIATION
At 1 October 2021 17,125
Charge for year 7,403
Transfer to ownership (24,528 )
At 30 September 2022 -
NET BOOK VALUE
At 30 September 2022 -
At 30 September 2021 12,487

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.22 30.9.21
£    £   
Trade debtors 7,644 16,970
Other debtors 26,408 9,509
34,052 26,479

Wow Retail Services Ltd (Registered number: 11575244)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.22 30.9.21
£    £   
Bank loans and overdrafts 8,350 8,350
Hire purchase contracts - 8,365
Trade creditors 694 11,871
Taxation and social security 16,101 18,894
Other creditors 6,850 8,286
31,995 55,766

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.22 30.9.21
£    £   
Bank loans 22,743 30,776

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.22 30.9.21
£    £   
Hire purchase contracts - 8,365

9. ULTIMATE CONTROLLING PARTY

The controlling party is D S Elliott.

The ultimate controlling party is D S Elliott.