IRIS Accounts Production v24.1.0.578 06670607 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh066706072023-03-31066706072024-03-31066706072023-04-012024-03-31066706072022-03-31066706072022-04-012023-03-31066706072023-03-3106670607ns15:EnglandWales2023-04-012024-03-3106670607ns14:PoundSterling2023-04-012024-03-3106670607ns10:Director12023-04-012024-03-3106670607ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106670607ns10:SmallEntities2023-04-012024-03-3106670607ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106670607ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106670607ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106670607ns10:FullAccounts2023-04-012024-03-3106670607ns10:OrdinaryShareClass12023-04-012024-03-3106670607ns10:Director22023-04-012024-03-3106670607ns10:RegisteredOffice2023-04-012024-03-3106670607ns5:CurrentFinancialInstruments2024-03-3106670607ns5:CurrentFinancialInstruments2023-03-3106670607ns5:ShareCapital2024-03-3106670607ns5:ShareCapital2023-03-3106670607ns5:RetainedEarningsAccumulatedLosses2024-03-3106670607ns5:RetainedEarningsAccumulatedLosses2023-03-3106670607ns5:FurnitureFittings2023-04-012024-03-3106670607ns5:ComputerEquipment2023-04-012024-03-3106670607ns5:FurnitureFittings2023-03-3106670607ns5:ComputerEquipment2023-03-3106670607ns5:FurnitureFittings2024-03-3106670607ns5:ComputerEquipment2024-03-3106670607ns5:FurnitureFittings2023-03-3106670607ns5:ComputerEquipment2023-03-3106670607ns10:OrdinaryShareClass12024-03-3106670607ns5:RetainedEarningsAccumulatedLosses2023-03-3106670607ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 06670607 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Creative Wave Limited

Creative Wave Limited (Registered number: 06670607)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Creative Wave Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs A J Frankham Hughes
R Hughes





REGISTERED OFFICE: G8 Lynch Lane Offices
Lynch Lane
Weymouth
Dorset
DT4 9DN





REGISTERED NUMBER: 06670607 (England and Wales)





ACCOUNTANTS: RWB Tax Consultants Limited
G8 Lynch Lane Offices
Lynch Lane
Weymouth
Dorset
DT4 9DN

Creative Wave Limited (Registered number: 06670607)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 406

CURRENT ASSETS
Stocks 5 - 5,950
Cash at bank 111 674
111 6,624
CREDITORS
Amounts falling due within one year 6 12,043 18,087
NET CURRENT LIABILITIES (11,932 ) (11,463 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,932

)

(11,057

)

PROVISIONS FOR LIABILITIES 57 68
NET LIABILITIES (11,989 ) (11,125 )

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 (11,991 ) (11,127 )
SHAREHOLDERS' FUNDS (11,989 ) (11,125 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:



Mrs A J Frankham Hughes - Director


Creative Wave Limited (Registered number: 06670607)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Creative Wave Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been prepared on a going concern basis despite having a net liability balance sheet as the directors will continue to support the company through their directors loan accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment equip - 15% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Creative Wave Limited (Registered number: 06670607)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and Computer
equipment equipment Totals
£    £    £   
COST
At 1 April 2023 3,589 340 3,929
Disposals (3,589 ) (340 ) (3,929 )
At 31 March 2024 - - -
DEPRECIATION
At 1 April 2023 3,204 319 3,523
Eliminated on disposal (3,204 ) (319 ) (3,523 )
At 31 March 2024 - - -
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 385 21 406

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks - 5,950

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 3,990
Directors' current accounts 11,628 13,681
Accrued expenses 415 416
12,043 18,087

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary shares £1 2 2

8. RESERVES
Retained
earnings
£   

At 1 April 2023 (11,127 )
Deficit for the year (864 )
At 31 March 2024 (11,991 )

Creative Wave Limited (Registered number: 06670607)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Hughes & A Frankham-Hughes.