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Registered number: 13260284

Second Wave Clothing Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023

Prepared By:
R F Love and Company
Chartered Accountant
Holly House
21d, Chudleigh Road
Exeter
Devon
EX2 8TS

Second Wave Clothing Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
Jenna Haws
REGISTERED OFFICE
Shop 3
78a Exeter Road
Exeter
Devon
EX8 1PZ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 13260284
ACCOUNTANTS
R F Love and Company
Chartered Accountant
Holly House
21d, Chudleigh Road
Exeter
Devon
EX2 8TS

Second Wave Clothing Limited

ACCOUNTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Second Wave Clothing Limited

BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3713849
CURRENT ASSETS
Stock1,7001,550
Debtors5-1
Cash at bank and in hand58234
1,7581,785
CREDITORS: Amounts falling due within one year627,8633,825
NET CURRENT LIABILITIES(26,105)(2,040)
TOTAL ASSETS LESS CURRENT LIABILITIES(25,392)(1,191)
PROVISIONS FOR LIABILITIES AND CHARGES7150258
NET LIABILITIES(25,542)(1,449)
CAPITAL AND RESERVES
Called up share capital811
Profit and loss account(25,543)(1,450)
SHAREHOLDERS' FUNDS(25,542)(1,449)
For the year ending 31/03/2023 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 07/03/2024 and signed on their behalf by
.............................
Jenna Haws
Director

Second Wave Clothing Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20232022
No.No.
Average number of employees44

Second Wave Clothing Limited

3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/04/20228901231,013
At 31/03/20238901231,013
Depreciation
At 01/04/202213331164
For the year11323136
At 31/03/202324654300
Net Book Amounts
At 31/03/202364469713
At 31/03/202275792849
4. STOCK 20232022
££
Stock comprises:
Stock1,7001,550
1,7001,550
5. DEBTORS 20232022
££
Amounts falling due within one year
PAYE control-1
-1
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Salaries and wages control2,0628
Directors current account22,9488
Trade creditors2,300-
Accruals5533,809
27,8633,825

Second Wave Clothing Limited

7. PROVISIONS FOR LIABILITIES 20232022
££
Pensions150258
150258
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
New shares issued during period:
Ordinary shares of £1 each1
-1