IRIS Accounts Production v23.1.0.753 07502620 director 1.2.22 31.1.23 31.1.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure075026202022-01-31075026202023-01-31075026202022-02-012023-01-31075026202021-01-31075026202021-02-012022-01-31075026202022-01-3107502620ns16:EnglandWales2022-02-012023-01-3107502620ns15:PoundSterling2022-02-012023-01-3107502620ns11:Director12022-02-012023-01-3107502620ns11:PrivateLimitedCompanyLtd2022-02-012023-01-3107502620ns11:SmallEntities2022-02-012023-01-3107502620ns11:AuditExempt-NoAccountantsReport2022-02-012023-01-3107502620ns11:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3107502620ns11:SmallCompaniesRegimeForAccounts2022-02-012023-01-3107502620ns11:FullAccounts2022-02-012023-01-3107502620ns11:OrdinaryShareClass12022-02-012023-01-3107502620ns11:RegisteredOffice2022-02-012023-01-3107502620ns6:CurrentFinancialInstruments2023-01-3107502620ns6:CurrentFinancialInstruments2022-01-3107502620ns6:Non-currentFinancialInstruments2023-01-3107502620ns6:Non-currentFinancialInstruments2022-01-3107502620ns6:ShareCapital2023-01-3107502620ns6:ShareCapital2022-01-3107502620ns6:RetainedEarningsAccumulatedLosses2023-01-3107502620ns6:RetainedEarningsAccumulatedLosses2022-01-3107502620ns6:PlantMachinery2022-02-012023-01-3107502620ns6:MotorVehicles2022-02-012023-01-3107502620ns6:ComputerEquipment2022-02-012023-01-3107502620ns6:PlantMachinery2022-01-3107502620ns6:MotorVehicles2022-01-3107502620ns6:ComputerEquipment2022-01-3107502620ns6:PlantMachinery2023-01-3107502620ns6:MotorVehicles2023-01-3107502620ns6:ComputerEquipment2023-01-3107502620ns6:PlantMachinery2022-01-3107502620ns6:MotorVehicles2022-01-3107502620ns6:ComputerEquipment2022-01-3107502620ns6:WithinOneYearns6:CurrentFinancialInstruments2023-01-3107502620ns6:WithinOneYearns6:CurrentFinancialInstruments2022-01-3107502620ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2023-01-3107502620ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-01-3107502620ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-01-3107502620ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-01-3107502620ns6:WithinOneYear2023-01-3107502620ns6:WithinOneYear2022-01-3107502620ns6:BetweenOneFiveYears2023-01-3107502620ns6:BetweenOneFiveYears2022-01-3107502620ns6:AllPeriods2023-01-3107502620ns6:AllPeriods2022-01-3107502620ns6:DeferredTaxation2022-01-3107502620ns6:DeferredTaxation2023-01-3107502620ns11:OrdinaryShareClass12023-01-3107502620ns6:RetainedEarningsAccumulatedLosses2022-01-3107502620ns6:RetainedEarningsAccumulatedLosses2022-02-012023-01-3107502620ns11:Director112022-01-3107502620ns11:Director112021-01-3107502620ns11:Director112022-02-012023-01-3107502620ns11:Director112021-02-012022-01-3107502620ns11:Director112023-01-3107502620ns11:Director112022-01-31
REGISTERED NUMBER: 07502620 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

WICKED EVENT WATER SERVICES LTD

WICKED EVENT WATER SERVICES LTD (REGISTERED NUMBER: 07502620)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WICKED EVENT WATER SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Mr K D Fisher





REGISTERED OFFICE: Orion House
28A Spital Terrace
GAINSBOROUGH
Lincolnshire
DN21 2HQ





REGISTERED NUMBER: 07502620 (England and Wales)





ACCOUNTANTS: Rigel Wolf Ltd
Orion House
28A Spital Terrace
GAINSBOROUGH
Lincolnshire
DN21 2HQ

WICKED EVENT WATER SERVICES LTD (REGISTERED NUMBER: 07502620)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,669 11,313

CURRENT ASSETS
Stocks 38,641 31,389
Debtors 5 50,598 37,452
Cash at bank 28,775 34,662
118,014 103,503
CREDITORS
Amounts falling due within one year 6 75,598 62,728
NET CURRENT ASSETS 42,416 40,775
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,085

52,088

CREDITORS
Amounts falling due after more than one
year

7

(26,614

)

(36,464

)

PROVISIONS FOR LIABILITIES 9 (2,597 ) (753 )
NET ASSETS 26,874 14,871

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 26,774 14,771
SHAREHOLDERS' FUNDS 26,874 14,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

WICKED EVENT WATER SERVICES LTD (REGISTERED NUMBER: 07502620)

BALANCE SHEET - continued
31 JANUARY 2023


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 12 October 2023 and were signed by:





Mr K D Fisher - Director


WICKED EVENT WATER SERVICES LTD (REGISTERED NUMBER: 07502620)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Wicked Event Water 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 represents net invoiced sales of services, 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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Government grants
Grants received relate to the Coronavirus Job Retention Scheme and have been shown under Other Income.

WICKED EVENT WATER SERVICES LTD (REGISTERED NUMBER: 07502620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2022 35,204 2,000 773 37,977
Additions 3,000 1,500 - 4,500
At 31 January 2023 38,204 3,500 773 42,477
DEPRECIATION
At 1 February 2022 25,709 304 651 26,664
Charge for year 1,507 606 31 2,144
At 31 January 2023 27,216 910 682 28,808
NET BOOK VALUE
At 31 January 2023 10,988 2,590 91 13,669
At 31 January 2022 9,495 1,696 122 11,313

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 35,160 9,963
Other debtors 1,409 1,207
Directors' current accounts 5,715 14,919
Prepayments and accrued income 8,314 11,363
50,598 37,452

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 9,850 9,607
Trade creditors 13,003 2,297
Tax 1,585 -
VAT 7,727 3,577
Other creditors 41,878 45,633
Accruals and deferred income 1,555 1,614
75,598 62,728

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans - 1-2 years 10,099 9,850
Bank loans - 2-5 years 16,515 26,614
26,614 36,464

WICKED EVENT WATER SERVICES LTD (REGISTERED NUMBER: 07502620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.23 31.1.22
£    £   
Within one year 20,452 934
Between one and five years 10,151 22,566
30,603 23,500

9. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£    £   
Deferred tax 2,597 753

Deferred
tax
£   
Balance at 1 February 2022 753
Accelerated capital allowances 447
Tax losses utilised 1,397
Balance at 31 January 2023 2,597

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 February 2022 14,771
Profit for the year 14,003
Dividends (2,000 )
At 31 January 2023 26,774

WICKED EVENT WATER SERVICES LTD (REGISTERED NUMBER: 07502620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
Mr K D Fisher
Balance outstanding at start of year 14,919 -
Amounts advanced 12,789 14,919
Amounts repaid (21,993 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,715 14,919

The balance has been cleared since the year end.

During the year the director Mr K D Fisher charged the company £312 (2022 - £312) for use of home as office.

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2022 - £2,000) were paid to the director.

At 31 January 2023 the director owed the company £5,715 (2022 - £14,919). This has been shown in Debtors.

14. ULTIMATE CONTROLLING PARTY

The controlling party is Mr K D Fisher.