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REGISTERED NUMBER: 04281318 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 June 2024

for

WIZARD (EUROPE) LIMITED

WIZARD (EUROPE) LIMITED (REGISTERED NUMBER: 04281318)

Contents of the Financial Statements
for the Year Ended 29 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WIZARD (EUROPE) LIMITED

Company Information
for the Year Ended 29 June 2024







Directors: P S Dey
M H Johnson





Secretary: P S Dey





Registered office: Unit 10
Valley Court
Sanderson Way
Middlewich
CW10 0GF





Registered number: 04281318 (England and Wales)





Accountants: Evelyn Partners (Manchester) Limited
Accountants
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

WIZARD (EUROPE) LIMITED (REGISTERED NUMBER: 04281318)

Balance Sheet
29 June 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 48,991 63,181
Investments 6 70,851 70,851
119,842 134,032

Current assets
Stocks 378,379 371,554
Debtors 7 4,008,992 4,636,638
Cash at bank and in hand 402,153 561,737
4,789,524 5,569,929
Creditors
Amounts falling due within one year 8 334,057 986,350
Net current assets 4,455,467 4,583,579
Total assets less current liabilities 4,575,309 4,717,611

Creditors
Amounts falling due after more than one
year

9

(99,975

)

(137,551

)

Provisions for liabilities (500 ) (3,300 )
Net assets 4,474,834 4,576,760

Capital and reserves
Called up share capital 11 10 10
Retained earnings 4,474,824 4,576,750
Shareholders' funds 4,474,834 4,576,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

WIZARD (EUROPE) LIMITED (REGISTERED NUMBER: 04281318)

Balance Sheet - continued
29 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





P S Dey - Director


WIZARD (EUROPE) LIMITED (REGISTERED NUMBER: 04281318)

Notes to the Financial Statements
for the Year Ended 29 June 2024


1. Statutory information

Wizard (Europe) 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.

2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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 annul rates in order to write off each asset over its estimated useful life.

Plant and machinery- 25% on reducing balance
Fixtures and fittings- 15% on reducing balance
Motor vehicles- 20% on reducing balance
Computer equipment- 15% on reducing balance

Investments in associates
Investments are recognised at fair value.

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 Profit and Loss Account, 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.

WIZARD (EUROPE) LIMITED (REGISTERED NUMBER: 04281318)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024


3. Accounting policies - continued

Lessor - finance lease
The aggregate rentals receivable are recognised as a current asset on the balance sheet. Interest receivable is credited to the profit and loss account over the period of the lease.

4. Employees and directors

The average number of employees during the year was 10 (2023 - 10 ) .

5. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 30 June 2023 22,808 21,996 73,176 22,844 140,824
Additions - 975 - 1,166 2,141
At 29 June 2024 22,808 22,971 73,176 24,010 142,965
Depreciation
At 30 June 2023 18,845 12,606 29,258 16,934 77,643
Charge for year 991 2,592 10,979 1,769 16,331
At 29 June 2024 19,836 15,198 40,237 18,703 93,974
Net book value
At 29 June 2024 2,972 7,773 32,939 5,307 48,991
At 29 June 2023 3,963 9,390 43,918 5,910 63,181

6. Fixed asset investments
Interest
in Other
associate investments Totals
£    £    £   
Cost
At 30 June 2023
and 29 June 2024 1 70,850 70,851
Net book value
At 29 June 2024 1 70,850 70,851
At 29 June 2023 1 70,850 70,851

7. Debtors
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 572,862 1,252,533
Other debtors 252,877 181,072
825,739 1,433,605

WIZARD (EUROPE) LIMITED (REGISTERED NUMBER: 04281318)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024


7. Debtors - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 3,183,253 3,203,033

Aggregate amounts 4,008,992 4,636,638

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 60,648 60,000
Hire purchase contracts 10,353 10,353
Trade creditors 148,203 752,125
Taxation and social security 105,450 157,122
Other creditors 9,403 6,750
334,057 986,350

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 80,132 107,355
Hire purchase contracts 19,843 30,196
99,975 137,551

10. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 140,780 167,355
Hire purchase contracts 30,196 40,549
170,976 207,904

The bank loan and overdraft are secured by way of a floating charge over the assets of the company. Hire purchase creditors are secured on the assets to which they relate.

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary 1 10 10

12. Directors' advances, credits and guarantees

At the year-end there was an amount of £31,479 (2023 £nil) due from a director. The loan is interest free and repayable on demand.