NEW WAVES VENTURES LTD

Company Registration Number:
07256202 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2022

Period of accounts

Start date: 01 June 2021

End date: 31 May 2022

NEW WAVES VENTURES LTD

Contents of the Financial Statements

for the Period Ended 31 May 2022

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

NEW WAVES VENTURES LTD

Company Information

for the Period Ended 31 May 2022




Director: Helen Nnamah
Registered office: Unit 61
Battersea Business Centre
99-109 Lavender Hill
London
SW11 5QL
Company Registration Number: 07256202 (England and Wales)

NEW WAVES VENTURES LTD

Balance sheet

As at 31 May 2022


Notes

2022
£

2021
£
Fixed assets
Tangible assets: 4 620 753
Total fixed assets: 620 753
Current assets
Stocks: 27 24
Debtors: 164 192
Cash at bank and in hand: 436 2,175
Total current assets: 627 2,391
Creditors: amounts falling due within one year: ( 78,793 ) ( 75,635 )
Net current assets (liabilities): ( 78,166 ) ( 73,244 )
Total assets less current liabilities: ( 77,546 ) ( 72,491 )
Total net assets (liabilities): ( 77,546 ) ( 72,491 )

The notes form part of these financial statements

NEW WAVES VENTURES LTD

Balance sheet continued

As at 31 May 2022


Notes

2022
£

2021
£
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: ( 78,546 ) ( 73,491 )
Shareholders funds: ( 77,546 ) ( 72,491 )

For the year ending 31 May 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 15 August 2022
And Signed On Behalf Of The Board By:

Name: Helen Nnamah
Status: Director

The notes form part of these financial statements

NEW WAVES VENTURES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost of all fixed assets over their expected useful life.
    The rates applied are:-
    Computer & Office Equipment - 20% on written down value.
    Furnitures & Fixtures - 15% on written down value.

NEW WAVES VENTURES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2022

  • 2. Employees


    2022

    2021
    Average number of employees during the period 0 0

NEW WAVES VENTURES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2022

  • 3. Off balance sheet disclosure

    No

NEW WAVES VENTURES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2022

4. Tangible Assets

Total
Cost £
At 01 June 2021 6,880
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2022 6,880
Depreciation
At 01 June 2021 6,127
Charge for year 133
On disposals -
Other adjustments -
At 31 May 2022 6,260
Net book value
At 31 May 2022 620
At 31 May 2021 753