Silverfin false false 31/08/2023 23/08/2022 31/08/2023 Mr A Duncan 23/08/2022 Mrs P Norris 23/08/2022 23 April 2024 The principal activity of the Company during the year was that of radiography services. 14313968 2023-08-31 14313968 bus:Director1 2023-08-31 14313968 bus:Director2 2023-08-31 14313968 core:CurrentFinancialInstruments 2023-08-31 14313968 core:ShareCapital 2023-08-31 14313968 core:RetainedEarningsAccumulatedLosses 2023-08-31 14313968 core:PlantMachinery 2022-08-22 14313968 core:Vehicles 2022-08-22 14313968 core:OfficeEquipment 2022-08-22 14313968 2022-08-22 14313968 core:PlantMachinery 2023-08-31 14313968 core:Vehicles 2023-08-31 14313968 core:OfficeEquipment 2023-08-31 14313968 bus:OrdinaryShareClass1 2023-08-31 14313968 2022-08-23 2023-08-31 14313968 bus:FilletedAccounts 2022-08-23 2023-08-31 14313968 bus:SmallEntities 2022-08-23 2023-08-31 14313968 bus:AuditExemptWithAccountantsReport 2022-08-23 2023-08-31 14313968 bus:PrivateLimitedCompanyLtd 2022-08-23 2023-08-31 14313968 bus:Director1 2022-08-23 2023-08-31 14313968 bus:Director2 2022-08-23 2023-08-31 14313968 core:PlantMachinery 2022-08-23 2023-08-31 14313968 core:Vehicles 2022-08-23 2023-08-31 14313968 core:OfficeEquipment core:TopRangeValue 2022-08-23 2023-08-31 14313968 core:OfficeEquipment 2022-08-23 2023-08-31 14313968 bus:OrdinaryShareClass1 2022-08-23 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14313968 (England and Wales)

WAVESANDTRADES LIMITED

Unaudited Financial Statements
For the financial period from 23 August 2022 to 31 August 2023
Pages for filing with the registrar

WAVESANDTRADES LIMITED

Unaudited Financial Statements

For the financial period from 23 August 2022 to 31 August 2023

Contents

WAVESANDTRADES LIMITED

BALANCE SHEET

As at 31 August 2023
WAVESANDTRADES LIMITED

BALANCE SHEET (continued)

As at 31 August 2023
Note 31.08.2023
£
Fixed assets
Tangible assets 3 7,303
7,303
Current assets
Cash at bank and in hand 130
130
Creditors: amounts falling due within one year 4 ( 7,194)
Net current liabilities (7,064)
Total assets less current liabilities 239
Net assets 239
Capital and reserves
Called-up share capital 5 1
Profit and loss account 238
Total shareholder's funds 239

For the financial period ending 31 August 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of WavesandTrades Limited (registered number: 14313968) were approved and authorised for issue by the Board of Directors on 23 April 2024. They were signed on its behalf by:

Mr A Duncan
Director
WAVESANDTRADES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 23 August 2022 to 31 August 2023
WAVESANDTRADES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 23 August 2022 to 31 August 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

WavesandTrades Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 24 Hoole Road, Chester, CH2 3NJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Period from
23.08.2022 to
31.08.2023
Number
Monthly average number of persons employed by the Company during the period, including directors 0

3. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 23 August 2022 0 0 0 0
Additions 1,510 7,000 2,085 10,595
Disposals 0 ( 2,000) ( 500) ( 2,500)
At 31 August 2023 1,510 5,000 1,585 8,095
Accumulated depreciation
At 23 August 2022 0 0 0 0
Charge for the financial period 144 521 127 792
At 31 August 2023 144 521 127 792
Net book value
At 31 August 2023 1,366 4,479 1,458 7,303

4. Creditors: amounts falling due within one year

31.08.2023
£
Amounts owed to directors 5,544
Accruals 1,650
7,194

5. Called-up share capital

31.08.2023
£
Allotted, called-up and fully-paid
69 Ordinary shares of £ 0.01 each 0.69

During the period, 69 Ordinary shares of £0.01 each were issued at par value.