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REGISTERED NUMBER: 03447587 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE WOW AWARDS LIMITED

THE WOW AWARDS LIMITED (REGISTERED NUMBER: 03447587)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 4


THE WOW AWARDS LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTOR: D M Williams





REGISTERED OFFICE: Stevenage Art & Leisure Centre
Lytton Way
Stevenage
Hertfordshire
SG1 1LZ





REGISTERED NUMBER: 03447587 (England and Wales)





ACCOUNTANTS: Lovetts Accountants Limited
Bridge House
25 Fiddlebridge Lane
Hatfield
Hertfordshire
AL10 0SP

THE WOW AWARDS LIMITED (REGISTERED NUMBER: 03447587)

REPORT OF THE DIRECTOR
for the Year Ended 31 December 2024

The director presents his report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of promoting customer service awards.

DIRECTOR
D M Williams held office during the whole of the period from 1 January 2024 to the date of this report.

His beneficial interest in the shares of the company, according to the register of directors' interests, was as follows:

31.12.24 1.1.24
Ordinary shares of £1 each 200 200

He did not hold any non-beneficial interests in the shares of the company.

DIRECTORS REVIEW OF BUSINESS
2024 has been another very successful year for The WOW Awards Limited.

Ongoing customer retention combined with internal efficiencies has produced a profit of £74,698 (2023 £13,372) and considerably strengthened the balance sheet.

Our focus on giving great service is a key to our client retention. Many of our clients have been using The WOW Awards for over 10 years and are getting incredible results. Our challenge for the year ahead is to continue supporting our existing clients and share our experience with other organisations around the world.

My thanks to all our employees, clients, suppliers and supporters for all that you do to help us create better places to work, better places to be a customer and great business results.

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:





D M Williams - Director


10 February 2025

THE WOW AWARDS LIMITED (REGISTERED NUMBER: 03447587)

BALANCE SHEET
31 December 2024

31.12.24 31.12.23
Notes £    £   
CURRENT ASSETS
Debtors 4 15,932 22,710
Cash at bank and in hand 15,655 38,125
31,587 60,835
CREDITORS
Amounts falling due within one year 5 174,118 267,053
NET CURRENT LIABILITIES (142,531 ) (206,218 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(142,531

)

(206,218

)

CREDITORS
Amounts falling due after more than one
year

6

49,450

60,461
NET LIABILITIES (191,981 ) (266,679 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (192,181 ) (266,879 )
SHAREHOLDERS' FUNDS (191,981 ) (266,679 )

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

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

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 10 February 2025 and were signed by:



D M Williams - Director


THE WOW AWARDS LIMITED (REGISTERED NUMBER: 03447587)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

The Wow Awards Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts have been prepared on a going concern basis as the director is confident of the continued support of the major creditors of the company.

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

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 5 (2023 - 5 ) .

THE WOW AWARDS LIMITED (REGISTERED NUMBER: 03447587)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 15,123 18,967
Other debtors 809 3,743
15,932 22,710

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 5,824 6,095
Trade creditors 7,193 5,759
Taxation and social security 14,837 3,130
Other creditors 146,264 252,069
174,118 267,053

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 28,102 33,524
Other creditors 21,348 26,937
49,450 60,461

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,298 9,143

7. RELATED PARTY DISCLOSURES

At 31 December 2024, the company owed the director D M Williams £21,348 (2023: £26,937).