2023-04-012024-03-312024-03-31false08317647CLEAR WAVE MUSIC 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CLEAR WAVE MUSIC LTD

Registered Number
08317647
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

CLEAR WAVE MUSIC LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

HELLIS, Graham Andrew Price
JONES, Luke

Registered Address

26 Colliers Avenue
Llanharan
CF72 9UT

Registered Number

08317647 (England and Wales)
CLEAR WAVE MUSIC LTD
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Current assets
Cash at bank and on hand25,57128,480
25,57128,480
Creditors amounts falling due within one year3(14,212)(19,248)
Net current assets (liabilities)11,3599,232
Total assets less current liabilities11,3599,232
Net assets11,3599,232
Capital and reserves
Called up share capital44
Profit and loss account11,3559,228
Shareholders' funds11,3599,232
The financial statements were approved and authorised for issue by the Board of Directors on 3 July 2024, and are signed on its behalf by:
HELLIS, Graham Andrew Price
Director
Registered Company No. 08317647
CLEAR WAVE MUSIC LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
2.Average number of employees

20242023
Average number of employees during the year00
3.Creditors: amounts due within one year

2024

2023

££
Taxation and social security8,6628,207
Other creditors5,55011,041
Total14,21219,248
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.