Bright Wave Projects Ltd
Statement of financial position
as at 30 November 2023
Cash at bank and in hand
2,820
6,603
Creditors: amounts falling due within one year
(624)
(732)
Net current assets
3,020
6,746
Total assets less current liabilities
3,764
7,609
Creditors: amounts falling due after more than one year
(3,538)
(7,334)
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
84
110
Shareholders' funds
85
111
For the year ending 30 November 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 her 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 2 August 2024 and were signed on its behalf by
Ms S Hunter
Director
Company Registration No. 13728352
Bright Wave Projects Ltd
Notes to the Accounts
for the year ended 30 November 2023
Bright Wave Projects Ltd is a private company, limited by shares, registered in England and Wales, registration number 13728352. The registered office is 45 Etnam Street, Leominster, Herefordshire, HR6 8AE.
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.
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:
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Bright Wave Projects Ltd
Notes to the Accounts
for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023
2022
7
Creditors: amounts falling due after more than one year
2023
2022
Taxes and social security
3,394
6,935
Loans from directors
131
386
8
Deferred taxation
2023
2022
Accelerated capital allowances
141
164
Provision at start of year
164
-
(Credited)/charged to the profit and loss account
(23)
164
Provision at end of year
141
164
9
Transactions with related parties
At 30 November 2023 Ms S Hunter was owed £231 (2022: 131) in respect of her Directors current Account.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).