REGISTERED NUMBER: 11259521 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Wet Grey Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L L Boyce

REGISTERED OFFICE:

Mayfair House

46 Boulevard

Weston-Super-Mare

BS23 1NF

REGISTERED NUMBER:

11259521 (England and Wales)

ACCOUNTANTS:

Mayfair Business & Tax Consultancy Limited

Mayfair House

46 Boulevard

Weston super Mare

Somerset

BS23 1NF

FIXED ASSETS

Intangible assets

4

2,481

2,481

Tangible assets

5

135,838

10,780

138,319

13,261

CURRENT ASSETS

Debtors

6

33,936

81,195

Cash at bank

27,067

65,875

61,003

147,070

CREDITORS

Amounts falling due within one year

7

61,838

70,949

NET CURRENT (LIABILITIES)/ASSETS

(835

)

76,121

TOTAL ASSETS LESS CURRENT LIABILITIES

137,484

89,382

CREDITORS

Amounts falling due after more than one year

8

77,484

-

NET ASSETS

60,000

89,382

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

59,900

89,282

60,000

89,382

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

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

The financial statements were approved by the director and authorised for issue on 16 December 2025 and were signed by:

L L Boyce - Director

1.	STATUTORY INFORMATION

Wet Grey 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.

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.

Non- fungible token is being amortised evenly over its estimated useful life of nil years.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

2,481

NET BOOK VALUE

At 31 March 2025

2,481

At 31 March 2024

2,481

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

-

22,034

22,034

Additions

124,329

4,565

128,894

At 31 March 2025

124,329

26,599

150,928

DEPRECIATION

At 1 April 2024

-

11,254

11,254

Charge for year

-

3,836

3,836

At 31 March 2025

-

15,090

15,090

NET BOOK VALUE

At 31 March 2025

124,329

11,509

135,838

At 31 March 2024

-

10,780

10,780

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

7,200

27,200

Other debtors

26,736

53,995

33,936

81,195

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

9,876

-

Trade creditors

9,744

-

Taxation and social security

13,582

45,085

Other creditors

28,636

25,864

61,838

70,949

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

77,484

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

77,484

-