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WAVE DEVELOPMENTS DORSET LIMITED

Registered Number
12689221
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

WAVE DEVELOPMENTS DORSET LIMITED
Company Information
for the year from 1 July 2022 to 30 June 2023

Directors

W J Da Silva
T Plowman

Registered Address

C/O Bulpitt Crocker Taxation Limited Tayfield House
38 Poole Road
Westbourne
BH4 9DW

Registered Number

12689221 (England and Wales)
WAVE DEVELOPMENTS DORSET LIMITED
Statement of Financial Position
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets535,55644,829
35,55644,829
Current assets
Debtors6356,718168,335
Cash at bank and on hand30225,826
357,020194,161
Creditors amounts falling due within one year7250,717164,449
Net current assets (liabilities)106,30329,712
Total assets less current liabilities141,85974,541
Creditors amounts falling due after one year827,09736,257
Net assets114,76238,284
Capital and reserves
Called up share capital100100
Profit and loss account114,66238,184
Shareholders' funds114,76238,284
The financial statements were approved and authorised for issue by the Board of Directors on 3 August 2023, and are signed on its behalf by:
T Plowman
Director
W J Da Silva
Director

Registered Company No. 12689221
WAVE DEVELOPMENTS DORSET LIMITED
Notes to the Financial Statements
for the year ended 30 June 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Vehicles25
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year43
5.Property, plant and equipment

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 July 2214,11249,46463,576
Additions2,579-2,579
At 30 June 2316,69149,46466,155
Depreciation and impairment
At 01 July 222,65416,09318,747
Charge for year3,5098,34311,852
At 30 June 236,16324,43630,599
Net book value
At 30 June 2310,52825,02835,556
At 30 June 2211,45833,37144,829
6.Debtors

2023

2022

££
Trade debtors / trade receivables293,693137,890
Other debtors61,27727,360
Prepayments and accrued income1,7483,085
Total356,718168,335
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables143,38783,331
Bank borrowings and overdrafts12,57747,813
Taxation and social security57,03929,803
Other creditors34,167-
Accrued liabilities and deferred income3,5473,502
Total250,717164,449
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts27,09736,257
Total27,09736,257
Long term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.