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REGISTERED NUMBER: 09078557 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Wavefront Technology Europe Limited

Wavefront Technology Europe Limited (Registered number: 09078557)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Wavefront Technology Europe Limited (Registered number: 09078557)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,513 36,435

CURRENT ASSETS
Stocks 110,680 232,391
Debtors 5 370,234 250,491
Cash at bank 327,804 305,905
808,718 788,787
CREDITORS
Amounts falling due within one year 6 407,515 439,685
NET CURRENT ASSETS 401,203 349,102
TOTAL ASSETS LESS CURRENT LIABILITIES 425,716 385,537

PROVISIONS FOR LIABILITIES 6,128 9,108
NET ASSETS 419,588 376,429

CAPITAL AND RESERVES
Called up share capital 118 118
Retained earnings 419,470 376,311
SHAREHOLDERS' FUNDS 419,588 376,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2025 and were signed on its behalf by:





A S R Stevenson - Director


Wavefront Technology Europe Limited (Registered number: 09078557)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Wavefront Technology Europe Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09078557

Registered office: Ebenezer House
Ryecroft
Newcastle-under-Lyme
Staffordshire
ST5 2BE

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - Straight line over 3 years
Fixtures and fittings - Straight line over 3 years
Computer equipment - Straight line over 3 years

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 Profit and Loss Account, 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.

Wavefront Technology Europe Limited (Registered number: 09078557)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 52,619 4,599 3,865 61,083
Additions 7,868 500 1,077 9,445
At 30 June 2024 60,487 5,099 4,942 70,528
DEPRECIATION
At 1 July 2023 19,631 1,533 3,484 24,648
Charge for year 19,117 1,700 550 21,367
At 30 June 2024 38,748 3,233 4,034 46,015
NET BOOK VALUE
At 30 June 2024 21,739 1,866 908 24,513
At 30 June 2023 32,988 3,066 381 36,435

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 365,673 245,809
Other debtors 4,561 4,682
370,234 250,491

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 283,036 345,286
Taxation and social security 119,226 89,807
Other creditors 5,253 4,592
407,515 439,685

Wavefront Technology Europe Limited (Registered number: 09078557)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. OTHER FINANCIAL COMMITMENTS

The company had commitments under non cancellable operating leases at 30 June 2024 amounting to £32,261 (2023 £56,468). This commitment represents the total amount of payments due on the leases ending in November and December 2025.