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
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
Bluewave Group Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
34,993
20,793
Cash at bank and in hand
33,814
4,002
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)
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
Bluewave Group Ltd
Notes to the Accounts
for the year ended 31 May 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
Bluewave Group Ltd
Notes to the Accounts
for the year ended 31 May 2023
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
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
230,104
200
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)
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).