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REGISTERED NUMBER: 08046952 (England and Wales)















Report of the Director and

Financial Statements for the Year Ended 30 April 2024

for

The Wow Shop Ltd

The Wow Shop Ltd (Registered number: 08046952)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


The Wow Shop Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: V Howard





REGISTERED OFFICE: 8 Beswicks Road
Northwich
Cheshire
CW8 1AP





REGISTERED NUMBER: 08046952 (England and Wales)





ACCOUNTANTS: M P Greaves Limited
Chartered Certified Accountants
74 Marmot Road
Liverpool
Merseyside
L37 6GB

The Wow Shop Ltd (Registered number: 08046952)

Report of the Director
for the Year Ended 30 April 2024

The director presents her report with the financial statements of the company for the year ended 30 April 2024.

DIRECTOR
V Howard held office during the whole of the period from 1 May 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





V Howard - Director


15 January 2025

The Wow Shop Ltd (Registered number: 08046952)

Income Statement
for the Year Ended 30 April 2024

30.4.24 30.4.23
Notes £    £   

TURNOVER 36,318 44,839

Cost of sales 13,596 19,940
GROSS PROFIT 22,722 24,899

Administrative expenses 37,473 61,346
(14,751 ) (36,447 )

Other operating income 6,311 6,222
OPERATING LOSS 4 (8,440 ) (30,225 )

Interest receivable and similar income 3 9
(8,437 ) (30,216 )

Interest payable and similar expenses 3,899 2,134
LOSS BEFORE TAXATION (12,336 ) (32,350 )

Tax on loss - -
LOSS FOR THE FINANCIAL YEAR (12,336 ) (32,350 )

The Wow Shop Ltd (Registered number: 08046952)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,106 2,686

CURRENT ASSETS
Stocks 10,000 10,000
Prepayments and accrued income 296 241
Cash at bank and in hand 314 465
10,610 10,706
CREDITORS
Amounts falling due within one year 6 175,742 159,082
NET CURRENT LIABILITIES (165,132 ) (148,376 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(163,026

)

(145,690

)

CREDITORS
Amounts falling due after more than one
year

7

5,417

10,417
NET LIABILITIES (168,443 ) (156,107 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (168,543 ) (156,207 )
SHAREHOLDERS' FUNDS (168,443 ) (156,107 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 15 January 2025 and were signed by:



V Howard - Director


The Wow Shop Ltd (Registered number: 08046952)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

The Wow Shop 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.
Plant and machinery etc - 25% on reducing balance

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

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

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 2 (2023 - 4 ) .

The Wow Shop Ltd (Registered number: 08046952)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. OPERATING LOSS

The operating loss is stated after charging:

30.4.24 30.4.23
£    £   
Depreciation - owned assets 580 895

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 29,843
DEPRECIATION
At 1 May 2023 27,157
Charge for year 580
At 30 April 2024 27,737
NET BOOK VALUE
At 30 April 2024 2,106
At 30 April 2023 2,686

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 2 (1 )
Taxation and social security 61,445 58,898
Other creditors 109,295 95,185
175,742 159,082

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 5,417 10,417