Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-312023-01-01falsetrueNo description of principal activity1falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13073114 2023-01-01 2023-12-31 13073114 2022-01-01 2022-12-31 13073114 2023-12-31 13073114 2022-12-31 13073114 c:Director1 2023-01-01 2023-12-31 13073114 d:PlantMachinery 2023-01-01 2023-12-31 13073114 d:PlantMachinery 2023-12-31 13073114 d:PlantMachinery 2022-12-31 13073114 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13073114 d:MotorVehicles 2023-01-01 2023-12-31 13073114 d:MotorVehicles 2023-12-31 13073114 d:MotorVehicles 2022-12-31 13073114 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13073114 d:FurnitureFittings 2023-01-01 2023-12-31 13073114 d:FurnitureFittings 2023-12-31 13073114 d:FurnitureFittings 2022-12-31 13073114 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13073114 d:OfficeEquipment 2023-01-01 2023-12-31 13073114 d:OfficeEquipment 2023-12-31 13073114 d:OfficeEquipment 2022-12-31 13073114 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13073114 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13073114 d:CurrentFinancialInstruments 2023-12-31 13073114 d:CurrentFinancialInstruments 2022-12-31 13073114 d:Non-currentFinancialInstruments 2023-12-31 13073114 d:Non-currentFinancialInstruments 2022-12-31 13073114 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13073114 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13073114 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 13073114 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 13073114 d:ShareCapital 2023-12-31 13073114 d:ShareCapital 2022-12-31 13073114 d:RetainedEarningsAccumulatedLosses 2023-12-31 13073114 d:RetainedEarningsAccumulatedLosses 2022-12-31 13073114 c:FRS102 2023-01-01 2023-12-31 13073114 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13073114 c:FullAccounts 2023-01-01 2023-12-31 13073114 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13073114









WAVE COURIERS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
WAVE COURIERS LTD
REGISTERED NUMBER: 13073114

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
21,695
28,706

  
21,695
28,706

Current assets
  

Debtors: amounts falling due within one year
 5 
81,186
39,830

Cash at bank and in hand
 6 
121
-

  
81,307
39,830

Creditors: amounts falling due within one year
 7 
(41,249)
(9,911)

Net current assets
  
 
 
40,058
 
 
29,919

Total assets less current liabilities
  
61,753
58,625

Creditors: amounts falling due after more than one year
 8 
(18,939)
(22,019)

  

Net assets
  
42,814
36,606


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
42,813
36,605

  
42,814
36,606


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 March 2024.

Page 1

 
WAVE COURIERS LTD
REGISTERED NUMBER: 13073114
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023




George Millward
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
WAVE COURIERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Wave Couriers Limited is a private company limited by shares registered in the United Kingdom, company number 13073114. It's registered office is 345 Chatsworth Road, Chesterfield, S40 2BZ.
During the year, the principal activity was that of postal activities under universal service obligation.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
WAVE COURIERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
WAVE COURIERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Motor vehicles
-
20%
Fixtures and fittings
-
20%
Office equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 0).

Page 5

 
WAVE COURIERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
1,352
30,676
6,943
-
38,971


Additions
-
-
-
558
558



At 31 December 2023

1,352
30,676
6,943
558
39,529



Depreciation


At 1 January 2023
1,352
6,135
2,777
-
10,264


Charge for the year on owned assets
-
6,135
1,389
46
7,570



At 31 December 2023

1,352
12,270
4,166
46
17,834



Net book value



At 31 December 2023
-
18,406
2,777
512
21,695



At 31 December 2022
-
24,540
4,166
-
28,706


5.


Debtors

2023
2022
£
£


Trade debtors
81,186
39,391

Other debtors
-
439

81,186
39,830


Page 6

 
WAVE COURIERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
121
-

Less: bank overdrafts
-
(20)

121
(20)



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
20

Corporation tax
10,073
4,525

Other taxation and social security
20,122
-

Obligations under finance lease and hire purchase contracts
4,224
5,366

Other creditors
4,680
-

Accruals and deferred income
2,150
-

41,249
9,911



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
18,939
22,019

18,939
22,019



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£

 
-
 
-

Page 7

 
WAVE COURIERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Pension commitments

 
Page 8