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REGISTERED NUMBER: 08636384 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2023

FOR

NUWAVE DESIGN LIMITED

NUWAVE DESIGN LIMITED (REGISTERED NUMBER: 08636384)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NUWAVE DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2023







DIRECTORS: Mr M R McAuliffe
Mrs S A McAuliffe





REGISTERED OFFICE: 39 The Metro Centre
Tolpits Lane
Watford
Hertfordshire
WD18 9SB





REGISTERED NUMBER: 08636384 (England and Wales)





ACCOUNTANTS: Meades Group Limited
39 The Metro Centre
Tolpits Lane
Watford
Hertfordshire
WD18 9SB

NUWAVE DESIGN LIMITED (REGISTERED NUMBER: 08636384)

BALANCE SHEET
31ST AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 697 541

CURRENT ASSETS
Debtors 5 12,305 10,655
Cash at bank 8,677 10,002
20,982 20,657
CREDITORS
Amounts falling due within one
year

6

15,429

12,067
NET CURRENT ASSETS 5,553 8,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,250

9,131

CREDITORS
Amounts falling due after more
than one year

7

(5,978

)

(8,919

)

PROVISIONS FOR LIABILITIES (132 ) (103 )
NET ASSETS 140 109

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 40 9
SHAREHOLDERS' FUNDS 140 109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

NUWAVE DESIGN LIMITED (REGISTERED NUMBER: 08636384)

BALANCE SHEET - continued
31ST AUGUST 2023


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 Board of Directors and authorised for issue on 2nd November 2023 and were signed on its behalf by:





Mr M R McAuliffe - Director


NUWAVE DESIGN LIMITED (REGISTERED NUMBER: 08636384)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

1. STATUTORY INFORMATION

Nuwave Design Limited 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 represents amounts receivable for graphic design activities net of value added tax during the year plus savings from utilising the flat rate VAT scheme.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 4 years
Computer equipment - Straight line over 3 years

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 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st September 2022 119 1,259 1,378
Additions - 805 805
At 31st August 2023 119 2,064 2,183
DEPRECIATION
At 1st September 2022 47 790 837
Charge for year 30 619 649
At 31st August 2023 77 1,409 1,486
NET BOOK VALUE
At 31st August 2023 42 655 697
At 31st August 2022 72 469 541

NUWAVE DESIGN LIMITED (REGISTERED NUMBER: 08636384)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,235 8,062
Directors' current accounts 391 1,914
S455 tax repayable 679 679
12,305 10,655

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,841 5,780
Corporation tax 5,152 3,388
VAT 3,436 2,899
15,429 12,067

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans more than a year 5,978 8,919

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st August 2023 and 31st August 2022:

2023 2022
£    £   
Mr M R McAuliffe and Mrs S A McAuliffe
Balance outstanding at start of year 1,914 877
Amounts advanced - 2,538
Amounts repaid (1,523 ) (1,501 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 391 1,914

The above balance is non-interest bearing and is fully repaid on the 30 September 2023.

9. RELATED PARTY DISCLOSURES

The directors’ current account balances included within debtors of £391 (2022-£1,914) have no fixed date for repayment, are repayable upon demand and are non-interest bearing.