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REGISTERED NUMBER: 10795521 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST APRIL 2022 TO 30TH SEPTEMBER 2023

FOR

SAILWAVE LTD

SAILWAVE LTD (REGISTERED NUMBER: 10795521)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST APRIL 2022 TO 30TH SEPTEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SAILWAVE LTD

COMPANY INFORMATION
FOR THE PERIOD 1ST APRIL 2022 TO 30TH SEPTEMBER 2023







DIRECTORS: Miss Shirley Anne Davies
Miss Jasmine Anne Owen





REGISTERED OFFICE: Hillside
Carew Newton
Kilgetty
SA68 0TP





REGISTERED NUMBER: 10795521 (England and Wales)

SAILWAVE LTD (REGISTERED NUMBER: 10795521)

ABRIDGED BALANCE SHEET
30TH SEPTEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - 10,000
Tangible assets 5 - 9,625
- 19,625

CURRENT ASSETS
Debtors 9,854 7,502
Cash at bank 9,391 1,265
19,245 8,767
CREDITORS
Amounts falling due within one year 13,222 13,528
NET CURRENT ASSETS/(LIABILITIES) 6,023 (4,761 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,023

14,864

CAPITAL AND RESERVES
Called up share capital 140 140
Retained earnings 5,883 14,724
SHAREHOLDERS' FUNDS 6,023 14,864

SAILWAVE LTD (REGISTERED NUMBER: 10795521)

ABRIDGED BALANCE SHEET - continued
30TH SEPTEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Profit and Loss and an abridged Balance Sheet for the period ended 30th September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th December 2023 and were signed on its behalf by:





Miss Shirley Anne Davies - Director


SAILWAVE LTD (REGISTERED NUMBER: 10795521)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST APRIL 2022 TO 30TH SEPTEMBER 2023

1. STATUTORY INFORMATION

Sailwave Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017. The directors believe that the goodwill has a residual value of £10,000 and therefore there is no amortisation for this period.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


SAILWAVE LTD (REGISTERED NUMBER: 10795521)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST APRIL 2022 TO 30TH SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern basis of accounting
The company ceased trading on 30th September 2023. The financial statements have therefore not been on a going concern basis.
Where applicable, the assets and liabilities values shown are consistent with FRS 102 Section 1A, which the directors consider appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£
COST
At 1st April 2022 10,000
Disposals (10,000 )
At 30th September 2023 -
NET BOOK VALUE

At 30th September 2023 -
At 31st March 2022 10,000

SAILWAVE LTD (REGISTERED NUMBER: 10795521)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST APRIL 2022 TO 30TH SEPTEMBER 2023

5. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1st April 2022 11,992
Additions 2,745
Disposals (14,737 )
At 30th September 2023 -
DEPRECIATION
At 1st April 2022 2,367
Charge for period 1,040
Eliminated on disposal (3,407 )
At 30th September 2023 -
NET BOOK VALUE
At 30th September 2023 -
At 31st March 2022 9,625