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Company Registration No. 07701220 (England and Wales)
Wavelogic Solutions Ltd Unaudited accounts for the year ended 31 July 2023
Wavelogic Solutions Ltd Unaudited accounts Contents
Page
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Wavelogic Solutions Ltd Company Information for the year ended 31 July 2023
Director
Mr Shashidher Kalluri
Secretary
Mrs Tarakeshwari Kalluri
Company Number
07701220 (England and Wales)
Registered Office
J O Hunter House 409 Bradford Road Huddersfield West Yorkshire HD2 2RB United Kingdom
Accountants
Sigma Chartered Accountants J O Hunter House 409 Bradford Road Huddersfield West Yorkshire HD2 2RB
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Wavelogic Solutions Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,956 
689 
Current assets
Debtors
9,631 
- 
Cash at bank and in hand
37,977 
22,129 
47,608 
22,129 
Creditors: amounts falling due within one year
(13,614)
(18,616)
Net current assets
33,994 
3,513 
Total assets less current liabilities
36,950 
4,202 
Provisions for liabilities
Deferred tax
(562)
(131)
Net assets
36,388 
4,071 
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
36,368 
4,051 
Shareholders' funds
36,388 
4,071 
For the year ending 31 July 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 26 January 2024 and were signed on its behalf by
Mr Shashidher Kalluri Director Company Registration No. 07701220
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Wavelogic Solutions Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Wavelogic Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 07701220. The registered office is J O Hunter House, 409 Bradford Road, Huddersfield, West Yorkshire, HD2 2RB, United Kingdom. The company is in the process of being wound up.
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:
Computer equipment
25% on cost.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 August 2022
1,379 
Additions
3,483 
At 31 July 2023
4,862 
Depreciation
At 1 August 2022
690 
Charge for the year
1,216 
At 31 July 2023
1,906 
Net book value
At 31 July 2023
2,956 
At 31 July 2022
689 
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Wavelogic Solutions Ltd Notes to the Accounts for the year ended 31 July 2023
5
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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