Company Registration No. 11081365 (England and Wales)
BETWAVE LTD
PREVIOUSLY 'ANVIO VIRTUAL REALITY LIMITED'
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
BETWAVE LTD
PREVIOUSLY 'ANVIO VIRTUAL REALITY LIMITED'
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
BETWAVE LTD
PREVIOUSLY 'ANVIO VIRTUAL REALITY LIMITED'
STATEMENT OF FINANCIAL POSITION
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
4,507
6,327
Current assets
Debtors
5
-
0
1,525
Cash at bank and in hand
249
745
249
2,270
Creditors: amounts falling due within one year
6
(64,791)
(64,610)
Net current liabilities
(64,542)
(62,340)
Total assets less current liabilities
(60,035)
(56,013)
Creditors: amounts falling due after more than one year
(286,369)
(286,369)
Net liabilities
(346,404)
(342,382)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(346,405)
(342,383)
Total equity
(346,404)
(342,382)

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 12 August 2024
Mr A Sandakov
Director
Company Registration No. 11081365
BETWAVE LTD
PREVIOUSLY 'ANVIO VIRTUAL REALITY LIMITED'
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information

Betwave Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 128 City Road, London, EC1V 2NX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
33% reducing balance
Office equipment
33% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
BETWAVE LTD
PREVIOUSLY 'ANVIO VIRTUAL REALITY LIMITED'
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
4
Tangible fixed assets
Plant and equipment
Office equipment
Total
£
£
£
Cost
At 1 December 2022
32,577
12,196
44,773
Additions
806
-
0
806
At 30 November 2023
33,383
12,196
45,579
Depreciation and impairment
At 1 December 2022
27,948
10,498
38,446
Depreciation charged in the year
2,060
566
2,626
At 30 November 2023
30,008
11,064
41,072
Carrying amount
At 30 November 2023
3,375
1,132
4,507
At 30 November 2022
4,629
1,698
6,327
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
1
-
0
Other debtors
(1)
1,525
-
0
1,525
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
53,647
53,647
Other creditors
11,144
10,963
64,791
64,610
BETWAVE LTD
PREVIOUSLY 'ANVIO VIRTUAL REALITY LIMITED'
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 4 -
7
Directors' transactions
Description
Opening balance
Amounts repaid
Closing balance
£
£
£
Mr A Sandakov -
626
(806)
(180)
626
(806)
(180)
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