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Registration number: 08050439

Waverley Surveys Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Waverley Surveys Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Waverley Surveys Ltd

(Registration number: 08050439)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

1

Current assets

 

Debtors

5

82,012

8,142

Cash at bank and in hand

 

100,301

129,260

 

182,313

137,402

Creditors: Amounts falling due within one year

6

(119,998)

(89,566)

Net current assets

 

62,315

47,836

Net assets

 

62,315

47,837

Capital and reserves

 

Called up share capital

100

100

Retained earnings

62,215

47,737

Shareholders' funds

 

62,315

47,837

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 October 2024
 

.........................................
Mr R P E Phillips
Director

 

Waverley Surveys Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Flat Post Office
Abbotts Ann
Andover
Hampshire
SP11 7AZ

These financial statements were authorised for issue by the director on 21 October 2024.

The presentation currency of the financial statements is the pound sterling (£). The financial statements are rounded to the nearest pound.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Waverley Surveys Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

25% on Cost

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method. The company had no advanced financial instruments.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Waverley Surveys Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Computer equipment
 £

Total
£

Cost or valuation

At 1 May 2023

928

928

Disposals

(928)

(928)

At 30 April 2024

-

-

Depreciation

At 1 May 2023

927

927

Eliminated on disposal

(927)

(927)

At 30 April 2024

-

-

Carrying amount

At 30 April 2024

-

-

At 30 April 2023

1

1

5

Debtors

Current

2024
£

2023
£

Trade debtors

1,932

8,052

Other debtors

80,080

90

 

82,012

8,142

 

Waverley Surveys Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

3,180

3,361

Trade creditors

 

2,683

4,901

Taxation and social security

 

19,589

31,104

Other creditors

 

94,546

50,200

 

119,998

89,566

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

3,180

3,361