WAVETREE LIMITED

Company Registration Number:
09665225 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

WAVETREE LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Additional notes
Balance sheet notes

WAVETREE LIMITED

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 412,708 1,955,689
Cash at bank and in hand: 341,796 67,145
Total current assets: 754,504 2,022,834
Creditors: amounts falling due within one year: 4 ( 510,679 ) ( 1,833,401 )
Net current assets (liabilities): 243,825 189,433
Total assets less current liabilities: 243,825 189,433
Total net assets (liabilities): 243,825 189,433
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 243,824 189,432
Total Shareholders' funds: 243,825 189,433

The notes form part of these financial statements

WAVETREE LIMITED

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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 directors acknowledge their 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 21 November 2024
and signed on behalf of the board by:

Name: Mr N A Hamilton
Status: Director

The notes form part of these financial statements

WAVETREE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

WAVETREE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 11 10

WAVETREE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Debtors

2024 2023
£ £
Trade debtors 342,864 1,955,246
Prepayments and accrued income 4,034
Other debtors 65,810 443
Total 412,708 1,955,689

'Other debtors' includes Amounts owed by related parties of £46,944 (2024) - £Nil (2023)

WAVETREE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 396,012 872,700
Taxation and social security 110,911 67,876
Accruals and deferred income 1,250 16,396
Other creditors 2,506 876,429
Total 510,679 1,833,401

'Other creditors' includes Amounts owed to group undertakings and undertakings in which the company has a participating interest - £NIL (2024) - £874,203 (2023)

WAVETREE LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Off balance sheet arrangements

Summary of transactions with entities with joint control or significant interest : Eagle Europe Ltd (a company also controlled by Mr R F Teagle, Mr R M Freeman and Mrs K L Teagle) – During the year, the company sold services for £22,583 and paid for services for £7,307 with Eagle Europe Ltd. The amount outstanding and included in creditors at the year-end is £294,497. Hermes Systems Ltd (a company also controlled by Mr R F Teagle, Mr R M Freeman and Mrs K L Teagle) – During the year, the company sold services for £26,463 and paid for services for £75,228 with Hermes Systems Ltd. There was nothing outstanding at the year-end. Cedar Bay Evolve Ltd (a company also controlled by Mr R F Teagle, Mr R M Freeman and Mrs K L Teagle) – During the year, the company sold services for £3,818 and paid for services for £20,696 with Cedar Bay Evolve Ltd. The amount outstanding and included in debtors at the year-end is £315 and in creditors at the year-end is £504.