REGISTERED NUMBER: 08955497 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

WET ENVIRONMENTAL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M D Adams

REGISTERED OFFICE:

Units 3 & 4 Wedgnock Industrial Estate

Welton Road

Warwick

CV34 5PZ

REGISTERED NUMBER:

08955497 (England and Wales)

ACCOUNTANTS:

SAS Accountant Ltd t/as OJW Associates

16 Hennals Avenue

Webheath

Redditch

Worcestershire

B97 5RX

CURRENT ASSETS

Debtors

4

1,456,592

1,279,602

Cash at bank

6,193

2,510

1,462,785

1,282,112

CREDITORS

Amounts falling due within one year

5

2,325,353

1,972,373

NET CURRENT LIABILITIES

(862,568

)

(690,261

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(862,568

)

(690,261

)

CREDITORS

Amounts falling due after more than one year

6

27,225

33,360

NET LIABILITIES

(889,793

)

(723,621

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

(889,794

)

(723,622

)

SHAREHOLDERS' FUNDS

(889,793

)

(723,621

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10th December 2025 and were signed by:

Mr M D Adams - Director

1.	STATUTORY INFORMATION

Wet Environmental Ltd 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 3 (2024 - 16 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

190,711

178,940

Amounts owed by group undertakings

619,869

693,047

VAT

1

-

Deferred tax asset

646,011

407,615

1,456,592

1,279,602

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,136

10,000

Trade creditors

46,442

15,025

Amounts owed to group undertakings

2,153,718

1,577,627

Social security and other taxes

104,790

250,735

VAT

-

9,520

Other creditors

9,366

39,316

Directors' current accounts

1

67,250

Accrued expenses

2,900

2,900

2,325,353

1,972,373

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

10,000

10,000

Bank loans - 2-5 years

17,225

23,360

27,225

33,360

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

8.

CONTROL

At 31st March 2025, the immediate parent undertaking is Wet Holdings (Global) Limited,

Wet Holdings (Global) Limited registered at Units 3 & 4 Wedgnock Industrial Estate, Welton Road, Warwick, England, CV34 5PZ has claimed exemption from preparing group accounts for the year ended 31st March 2025.