Company Registration No. SC431029 (Scotland)
Wave Particle Ltd.
Unaudited accounts
for the year ended 31 July 2023
Wave Particle Ltd.
Unaudited accounts
Contents
Wave Particle Ltd.
Company Information
for the year ended 31 July 2023
Company Number
SC431029 (Scotland)
Registered Office
6 Church Street
Uddingston
Glasgow
G71 7PT
Accountants
Assenti & Noble Ltd
18 Mosshead Road
Bearsden
Glasgow
G61 3HN
Wave Particle Ltd.
Statement of financial position
as at 31 July 2023
Tangible assets
7,758
9,249
Cash at bank and in hand
73,419
106,452
Creditors: amounts falling due within one year
(8,668)
(16,248)
Net current assets
82,608
90,204
Total assets less current liabilities
90,366
99,453
Creditors: amounts falling due after more than one year
(17,490)
(19,158)
Called up share capital
2
2
Profit and loss account
72,874
80,293
Shareholders' funds
72,876
80,295
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.
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 30 January 2024 and were signed on its behalf by
P McCaughey
Director
Company Registration No. SC431029
Wave Particle Ltd.
Notes to the Accounts
for the year ended 31 July 2023
Wave Particle Ltd. is a private company, limited by shares, registered in Scotland, registration number SC431029. The registered office is 6 Church Street, Uddingston, Glasgow, G71 7PT.
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.
The accounts are presented in £ sterling.
Turnover represents invoiced sales to external customers, excluding value added tax.
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
20% reducing balance
Fixtures & fittings
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2022
22,474
4,524
26,998
At 31 July 2023
22,474
4,987
27,461
At 1 August 2022
16,188
1,561
17,749
Charge for the year
1,257
697
1,954
At 31 July 2023
17,445
2,258
19,703
At 31 July 2023
5,029
2,729
7,758
At 31 July 2022
6,286
2,963
9,249
Wave Particle Ltd.
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,980
6,257
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
17,490
19,158
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).