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Company Registration No. 10791408 (England and Wales)
Bluewave Group Ltd Unaudited accounts for the year ended 31 May 2023
Bluewave Group Ltd Unaudited accounts Contents
Page
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Bluewave Group Ltd Company Information for the year ended 31 May 2023
Directors
Seb Ash Mat Patey
Company Number
10791408 (England and Wales)
Registered Office
Unit 2 Velator Way Braunton EX33 2DX
Accountants
North Devon Accounts 4 Cross Tree Centre Caen Street Braunton Devon EX33 1AA
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Bluewave Group Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
34,993 
20,793 
Current assets
Inventories
40,000 
30,000 
Debtors
212,325 
151,476 
Cash at bank and in hand
33,814 
4,002 
286,139 
185,478 
Creditors: amounts falling due within one year
(321,121)
(157,877)
Net current (liabilities)/assets
(34,982)
27,601 
Total assets less current liabilities
11 
48,394 
Creditors: amounts falling due after more than one year
- 
(47,839)
Net assets
11 
555 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(989)
(445)
Shareholders' funds
11 
555 
For the year ending 31 May 2023 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 3 November 2023 and were signed on its behalf by
Seb Ash Director Company Registration No. 10791408
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Bluewave Group Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Bluewave Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 10791408. The registered office is Unit 2 , Velator Way, Braunton , EX33 2DX.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Straight Line
Fixtures & fittings
15% Reducing Balance
Computer equipment
15% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 June 2022
6,136 
23,290 
5,948 
5,113 
40,487 
Additions
4,419 
24,533 
239 
1,209 
30,400 
Disposals
- 
(4,895)
- 
- 
(4,895)
At 31 May 2023
10,555 
42,928 
6,187 
6,322 
65,992 
Depreciation
At 1 June 2022
3,276 
10,562 
3,110 
2,746 
19,694 
Charge for the year
1,162 
9,145 
462 
536 
11,305 
At 31 May 2023
4,438 
19,707 
3,572 
3,282 
30,999 
Net book value
At 31 May 2023
6,117 
23,221 
2,615 
3,040 
34,993 
At 31 May 2022
2,860 
12,728 
2,838 
2,367 
20,793 
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Bluewave Group Ltd Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
124,369 
126,464 
Amounts due from group undertakings etc.
80,061 
7,392 
Accrued income and prepayments
1,895 
- 
Other debtors
6,000 
17,620 
212,325 
151,476 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
230,104 
200 
VAT
15,315 
22,475 
Trade creditors
59,795 
42,111 
Amounts owed to group undertakings and other participating interests
39 
17,665 
Taxes and social security
16,955 
73,511 
Other creditors
6,727 
13,989 
Loans from directors
(8,914)
(13,024)
Accruals
1,100 
950 
321,121 
157,877 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
- 
47,839 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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