Company Registration No. 11717851 (England and Wales)
Wax & Glo Limited
Unaudited accounts
for the year ended 31 December 2024
Wax & Glo Limited
Unaudited accounts
Contents
Wax & Glo Limited
Company Information
for the year ended 31 December 2024
Directors
Chanya Slorach
Hugo Slorach
Company Number
11717851 (England and Wales)
Registered Office
15 DOWLAND ROAD
PENARTH
CF64 3QX
UNITED KINGDOM
Accountants
Evans Entwistle
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Wax & Glo Limited
for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Wax & Glo Limited for the year ended 31 December 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
24 September 2025
Wax & Glo Limited
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
2,154
7,958
Creditors: amounts falling due within one year
(12,956)
(10,976)
Net current assets
11,152
22,592
Total assets less current liabilities
11,291
23,064
Creditors: amounts falling due after more than one year
(9,773)
(15,251)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
1,392
7,623
Shareholders' funds
1,492
7,723
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by
Hugo Slorach
Director
Company Registration No. 11717851
Wax & Glo Limited
Notes to the Accounts
for the year ended 31 December 2024
Wax & Glo Limited is a private company, limited by shares, registered in England and Wales, registration number 11717851. The registered office is 15 DOWLAND ROAD, PENARTH, CF64 3QX, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
3 years straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Wax & Glo Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Amounts due from group undertakings etc.
11,565
3,000
Accrued income and prepayments
432
453
Other debtors
9,957
21,927
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,477
4,737
Taxes and social security
6,459
5,197
7
Creditors: amounts falling due after more than one year
2024
2023
Wax & Glo Limited
Notes to the Accounts
for the year ended 31 December 2024
8
Deferred taxation
2024
2023
Accelerated capital allowances
26
90
Provision at start of year
90
243
Credited to other comprehensive income
(64)
(153)
Provision at end of year
26
90
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
advances to directors
21,925
-
11,970
9,955
The balance represents an interest free loan that was repaid in full by 30th September 2025, and therefore not liable for section 455 tax.
11
Transactions with related parties
During the year, the company issued an interest-free loan to the following companies that were under common control
Onzon Thai Ltd (13067502) - the company was owed an amount of £11,065 (2023: £3,000
Academy 64 Ltd (13187878) - the company was owed an amount of £500 (2023: N/A)
12
Average number of employees
During the year the average number of employees was 1 (2023: 1).