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WOWZIE LTD

Registered Number
SC352787
(Scotland)

Unaudited Financial Statements for the Year ended
31 December 2023

WOWZIE LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

DAWSON, Louise

Company Secretary

COULL, Shannon Louise

Registered Address

27 St. Andrew Street
Aberdeen
AB25 1JA

Registered Number

SC352787 (Scotland)
WOWZIE LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets3170170
Tangible assets41,7392,299
1,9092,469
Current assets
Stocks519,39310,000
Debtors40,97130,000
Cash at bank and on hand19,65436,159
80,01876,159
Creditors amounts falling due within one year6(1,780)(23,872)
Net current assets (liabilities)78,23852,287
Total assets less current liabilities80,14754,756
Creditors amounts falling due after one year7(222,163)(223,018)
Net assets(142,016)(168,262)
Capital and reserves
Called up share capital100100
Profit and loss account(142,116)(168,362)
Shareholders' funds(142,016)(168,262)
The financial statements were approved and authorised for issue by the Director on 6 September 2024, and are signed on its behalf by:
DAWSON, Louise
Director
Registered Company No. SC352787
WOWZIE LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets acquired separately from a business are recognised at cost and are subsequently measure at cost less accumulated amortisation and accumulated impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Fixtures and fittings4
Office Equipment4
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year22
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 January 23170170
At 31 December 23170170
Net book value
At 31 December 23170170
At 31 December 22170170
4.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 January 2339,59916,6664,79461,059
Additions--587587
At 31 December 2339,59916,6665,38161,646
Depreciation and impairment
At 01 January 2339,18916,2213,35058,760
Charge for year2051487941,147
At 31 December 2339,39416,3694,14459,907
Net book value
At 31 December 232052971,2371,739
At 31 December 224104451,4442,299
5.Stocks

2023

2022

££
Finished goods19,39310,000
Total19,39310,000
6.Creditors: amounts due within one year

2023

2022

££
Bank borrowings and overdrafts-16,532
Taxation and social security1,7807,298
Other creditors-42
Total1,78023,872
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2023

2022

££
Other creditors222,163223,018
Total222,163223,018