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REGISTERED NUMBER: 12761706 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Wow Logistics Ltd

Wow Logistics Ltd (Registered number: 12761706)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Wow Logistics Ltd (Registered number: 12761706)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 165,000 192,500
Tangible assets 5 237,181 25,989
402,181 218,489

CURRENT ASSETS
Debtors 6 233,570 211,480
Cash at bank and in hand 79,498 124,907
313,068 336,387
CREDITORS
Amounts falling due within one year 7 302,136 190,065
NET CURRENT ASSETS 10,932 146,322
TOTAL ASSETS LESS CURRENT
LIABILITIES

413,113

364,811

CREDITORS
Amounts falling due after more than one year 8 319,228 150,000
NET ASSETS 93,885 214,811

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 93,884 214,810
SHAREHOLDERS' FUNDS 93,885 214,811

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 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 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 12 May 2025 and were signed by:




Miss R Middleton - Director


Wow Logistics Ltd (Registered number: 12761706)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Wow Logistics Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12761706

Registered office: Units 91
Empire Industrial Park
Brickyard Road
Aldridge
West Midlands
WS9 8UY

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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on cost and 25% on reducing balance

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 10 (2023 - 9 ) .

Wow Logistics Ltd (Registered number: 12761706)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 275,000
AMORTISATION
At 1 January 2024 82,500
Charge for year 27,500
At 31 December 2024 110,000
NET BOOK VALUE
At 31 December 2024 165,000
At 31 December 2023 192,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 47,125
Additions 254,430
At 31 December 2024 301,555
DEPRECIATION
At 1 January 2024 21,136
Charge for year 43,238
At 31 December 2024 64,374
NET BOOK VALUE
At 31 December 2024 237,181
At 31 December 2023 25,989

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 122,109 179,364
Amounts owed by group undertakings 1,148 -
Other debtors 110,313 32,116
233,570 211,480

Wow Logistics Ltd (Registered number: 12761706)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 51,216 -
Trade creditors 33,549 31,855
Amounts owed to group undertakings - 8,364
Amounts owed to associates 155,316 148,502
Taxation and social security 20,794 (885 )
Other creditors 41,261 2,229
302,136 190,065

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 169,228 -
Amounts owed to associates 150,000 150,000
319,228 150,000

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director received advances totalling £63,310 (2023: £41,065). The director made repayments during the year totalling £10,312 (2023: £39,764). At the year end the director owed £53,002 (2023: £5) to the company.

10. RELATED PARTY DISCLOSURES

During the year Miss R Middleton was a director of 3 other companies, At the balance sheet date the company is owed £1,148 (2023:£8,364 owed to) from T & P (West Midlands) Ltd, and owed £13,815 (2023: £7,001) to Top Gear Recruitment Ltd and £141,501 (2023: £141,501) to TG Ventures Ltd.