REGISTERED NUMBER: 12577645 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

WAZZO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A M Lieman Bernet

REGISTERED OFFICE:

The Old Workshop

1 Ecclesall Road South

Sheffield

United Kingdom

S11 9PA

REGISTERED NUMBER:

12577645 (England and Wales)

ACCOUNTANTS:

Brown McLeod Limited

Chartered Accountants

The Old Workshop

1 Ecclesall Road South

Sheffield

South Yorkshire

S11 9PA

FIXED ASSETS

Tangible assets

4

71,883

75,857

CURRENT ASSETS

Debtors

5

2,617,118

1,797,010

Cash at bank

5,765,221

3,661,691

8,382,339

5,458,701

CREDITORS

Amounts falling due within one year

6

4,092,783

2,910,246

NET CURRENT ASSETS

4,289,556

2,548,455

TOTAL ASSETS LESS CURRENT LIABILITIES

4,361,439

2,624,312

PROVISIONS FOR LIABILITIES

4,696

4,315

NET ASSETS

4,356,743

2,619,997

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,356,643

2,619,897

4,356,743

2,619,997

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 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 24 March 2025 and were signed by:

A M Lieman Bernet - Director

1.	STATUTORY INFORMATION

Wazzo 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.	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

-

20% on reducing balance and 15% on reducing balance

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 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2023

32,831

58,711

91,542

Additions

-

3,678

3,678

At 30 April 2024

32,831

62,389

95,220

DEPRECIATION

At 1 May 2023

-

15,685

15,685

Charge for year

-

7,652

7,652

At 30 April 2024

-

23,337

23,337

NET BOOK VALUE

At 30 April 2024

32,831

39,052

71,883

At 30 April 2023

32,831

43,026

75,857

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.24

30.4.23

£

£

Trade debtors

2,022,170

-

Other debtors

594,948

1,797,010

2,617,118

1,797,010

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.24

30.4.23

£

£

Bank loans and overdrafts

-

17

Trade creditors

493,816

635,247

Taxation and social security

581,492

531,522

Other creditors

3,017,475

1,743,460

4,092,783

2,910,246

7.	FINANCIAL INSTRUMENTS

Debtors and Creditors with no stated interest rate, and repayable within one year are recorded at transaction price.

Any losses arising from impairment are recognised in the income statement in administrative expenses.

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24

30.4.23

£

£

A M Lieman Bernet

Balance outstanding at start of year

(49,034

)

(792

)

Amounts advanced

113,982

61,606

Amounts repaid

(14,703

)

(109,848

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

50,245

(49,034

)