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REGISTERED NUMBER: 07502620 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

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 2024




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 2024







DIRECTOR: Mr K D Fisher





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





REGISTERED NUMBER: 07502620 (England and Wales)





ACCOUNTANTS: Shucksmith Accountants (Gainsborough) Limited
Orion House
28A Spital Terrace
GAINSBOROUGH
Lincolnshire
DN21 2HQ

WICKED EVENT WATER SERVICES LTD (REGISTERED NUMBER: 07502620)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,855 13,669

CURRENT ASSETS
Stocks 20,210 38,641
Debtors 5 125,221 50,598
Cash at bank 90,783 28,775
236,214 118,014
CREDITORS
Amounts falling due within one year 6 189,942 75,598
NET CURRENT ASSETS 46,272 42,416
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,127

56,085

CREDITORS
Amounts falling due after more than one
year

7

(16,516

)

(26,614

)

PROVISIONS FOR LIABILITIES 9 (2,252 ) (2,597 )
NET ASSETS 39,359 26,874

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 39,259 26,774
SHAREHOLDERS' FUNDS 39,359 26,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 2024


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 24 January 2025 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 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

WICKED EVENT WATER SERVICES LTD (REGISTERED NUMBER: 07502620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 38,204 3,500 773 42,477
Additions - 525 - 525
At 31 January 2024 38,204 4,025 773 43,002
DEPRECIATION
At 1 February 2023 27,216 910 682 28,808
Charge for year 1,649 667 23 2,339
At 31 January 2024 28,865 1,577 705 31,147
NET BOOK VALUE
At 31 January 2024 9,339 2,448 68 11,855
At 31 January 2023 10,988 2,590 91 13,669

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 96,469 35,160
Other debtors 542 1,409
Directors' current accounts 17,653 5,715
Prepayments and accrued income 10,557 8,314
125,221 50,598

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,099 9,850
Trade creditors 20,019 13,003
Tax 3,832 1,585
Social security and other taxes 12,240 -
VAT 26,614 7,727
Other creditors 61,252 41,878
Accruals and deferred income 55,886 1,555
189,942 75,598

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 11,229 10,099
Bank loans - 2-5 years 5,287 16,515
16,516 26,614

WICKED EVENT WATER SERVICES LTD (REGISTERED NUMBER: 07502620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.24 31.1.23
£    £   
Within one year 24,520 20,452
Between one and five years 10,439 10,151
34,959 30,603

9. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 2,252 2,597

Deferred
tax
£   
Balance at 1 February 2023 2,597
Accelerated capital allowances (345 )
Balance at 31 January 2024 2,252

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 February 2023 26,774
Profit for the year 13,485
Dividends (1,000 )
At 31 January 2024 39,259

WICKED EVENT WATER SERVICES LTD (REGISTERED NUMBER: 07502620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Mr K D Fisher
Balance outstanding at start of year 5,715 14,919
Amounts advanced 39,793 12,789
Amounts repaid (27,855 ) (21,993 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,653 5,715

The balance has been cleared since the year end.

During the year the director Mr K D Fisher charged the company £312 (2023 - £312) for use of home as office.

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2023 - £2,000) were paid to the director.

At 31 January 2024 the director owed the company £17,653 (2023 - £5,715). This has been shown in Debtors.

14. ULTIMATE CONTROLLING PARTY

The controlling party is Mr K D Fisher.