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REGISTERED NUMBER: 09679047 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023

FOR

WOW CAKE COMPANY LTD.

WOW CAKE COMPANY LTD. (REGISTERED NUMBER: 09679047)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31ST JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOW CAKE COMPANY LTD.

COMPANY INFORMATION
for the Year Ended 31ST JULY 2023







DIRECTORS: S C Craddock
M Craddock
F J Leadbetter





REGISTERED OFFICE: 327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN





REGISTERED NUMBER: 09679047 (England and Wales)





ACCOUNTANTS: Whitehead & Howarth
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN

WOW CAKE COMPANY LTD. (REGISTERED NUMBER: 09679047)

BALANCE SHEET
31ST JULY 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,430 8,655

CURRENT ASSETS
Debtors 5 4 840
Cash at bank 792 -
796 840
CREDITORS
Amounts falling due within one year 6 109,173 96,891
NET CURRENT LIABILITIES (108,377 ) (96,051 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(102,947

)

(87,396

)

CREDITORS
Amounts falling due after more than one
year

7

(2,167

)

(6,386

)

PROVISIONS FOR LIABILITIES - (178 )
NET LIABILITIES (105,114 ) (93,960 )

CAPITAL AND RESERVES
Called up share capital 250 250
Share premium 4,900 4,900
Retained earnings (110,264 ) (99,110 )
(105,114 ) (93,960 )

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

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

WOW CAKE COMPANY LTD. (REGISTERED NUMBER: 09679047)

BALANCE SHEET - continued
31ST JULY 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 Board of Directors and authorised for issue on 15th April 2024 and were signed on its behalf by:





S C Craddock - Director


WOW CAKE COMPANY LTD. (REGISTERED NUMBER: 09679047)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31ST JULY 2023

1. STATUTORY INFORMATION

Wow Cake Company 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.

Going Concern
The company at the balance sheet date had net liabilities of £105,114 (2022:£93,960 ) and is dependent, in the absence of other funding, on the continued support of the directors. The directors have confirmed their commitment to provide the necessary support. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that might be necessary if the directors were not to provide further support.

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 - 33% 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.

WOW CAKE COMPANY LTD. (REGISTERED NUMBER: 09679047)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST JULY 2023

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2022 18,079
Disposals (1,914 )
At 31st July 2023 16,165
DEPRECIATION
At 1st August 2022 9,424
Charge for year 2,207
Eliminated on disposal (896 )
At 31st July 2023 10,735
NET BOOK VALUE
At 31st July 2023 5,430
At 31st July 2022 8,655

WOW CAKE COMPANY LTD. (REGISTERED NUMBER: 09679047)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST JULY 2023

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1st August 2022
and 31st July 2023 14,000
DEPRECIATION
At 1st August 2022 7,602
Charge for year 1,600
At 31st July 2023 9,202
NET BOOK VALUE
At 31st July 2023 4,798
At 31st July 2022 6,398

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Other debtors 4 840

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Bank loans and overdrafts 1,000 1,001
Hire purchase contracts 3,434 3,072
Trade creditors 2,111 1,539
Taxation and social security 40 -
Other creditors 102,588 91,279
109,173 96,891

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/23 31/7/22
£    £   
Bank loans 2,167 3,167
Hire purchase contracts - 3,219
2,167 6,386

WOW CAKE COMPANY LTD. (REGISTERED NUMBER: 09679047)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST JULY 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st July 2023 and 31st July 2022:

31/7/23 31/7/22
£    £   
S C Craddock and M Craddock
Balance outstanding at start of year (90,679 ) (77,841 )
Amounts advanced 1,861 1,221
Amounts repaid (13,050 ) (14,059 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (101,868 ) (90,679 )

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S C Craddock.