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REGISTERED NUMBER: 12761706 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Wow Logistics Ltd

Wow Logistics Ltd (Registered number: 12761706)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Wow Logistics Ltd (Registered number: 12761706)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 192,500 236,000
Tangible assets 5 25,989 39,332
218,489 275,332

CURRENT ASSETS
Debtors 6 211,480 349,251
Cash at bank and in hand 124,907 137,144
336,387 486,395
CREDITORS
Amounts falling due within one year 7 190,065 274,361
NET CURRENT ASSETS 146,322 212,034
TOTAL ASSETS LESS CURRENT
LIABILITIES

364,811

487,366

CREDITORS
Amounts falling due after more than one year 8 150,000 150,000
NET ASSETS 214,811 337,366

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 214,810 337,365
SHAREHOLDERS' FUNDS 214,811 337,366

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 13 September 2024 and were signed by:




Miss R Middleton - Director


Wow Logistics Ltd (Registered number: 12761706)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Wow Logistics Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12761706

Registered office: Units 1-4
Block 1 Wednesday Trading Estate
Darlaston Road
Wednesbury
West Midlands
WS10 7JN

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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on cost and 25% on reducing balance

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 9 (2022 - 10 ) .

Wow Logistics Ltd (Registered number: 12761706)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023 295,000
Disposals (20,000 )
At 31 December 2023 275,000
AMORTISATION
At 1 January 2023 59,000
Charge for year 27,500
Eliminated on disposal (4,000 )
At 31 December 2023 82,500
NET BOOK VALUE
At 31 December 2023 192,500
At 31 December 2022 236,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 66,631
Additions 18,104
Disposals (37,610 )
At 31 December 2023 47,125
DEPRECIATION
At 1 January 2023 27,299
Charge for year 9,758
Eliminated on disposal (15,921 )
At 31 December 2023 21,136
NET BOOK VALUE
At 31 December 2023 25,989
At 31 December 2022 39,332

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 179,364 150,244
Other debtors 32,116 199,007
211,480 349,251

Wow Logistics Ltd (Registered number: 12761706)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 81
Trade creditors 31,855 36,095
Amounts owed to group undertakings 8,364 3,771
Amounts owed to associates 148,502 142,222
Taxation and social security (885 ) 65,225
Other creditors 2,229 26,967
190,065 274,361

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to associates 150,000 150,000

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director received advances totalling £41,065 (2022: £18,560). The director made repayments during the year totalling £39,764 (2022: £17,200). At the year end the director owed £5 (2022: £nil) to the company.

10. RELATED PARTY DISCLOSURES

During the year Miss R Middleton was a director of 3 other companies, At the balance sheet date the company owed £8,364 (2022: £3,771) to T & P (West Midlands) Ltd, £7,001 (2022: £nil) to Top Gear Recruitment Ltd and £291,501 (2022: £292,221) to TG Ventures Ltd. These amounts are included in other creditors.