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Company No: 08780571 (England and Wales)

WAVECHANGE LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

WAVECHANGE LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

WAVECHANGE LIMITED

COMPANY INFORMATION

For the financial year ended 30 November 2024
WAVECHANGE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2024
DIRECTORS Mr J P McCarthy
Mrs M J McCarthy
REGISTERED OFFICE 20-22 Wenlock Road
London
N1 7GU
United Kingdom
COMPANY NUMBER 08780571 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Blackbrook Gate 1
Blackbrook Business Park
Taunton
Somerset TA1 2PX
WAVECHANGE LIMITED

BALANCE SHEET

As at 30 November 2024
WAVECHANGE LIMITED

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Current assets
Debtors 3 2,394 990
Cash at bank and in hand 10,892 1,859
13,286 2,849
Creditors: amounts falling due within one year 4 ( 43,901) ( 64,020)
Net current liabilities (30,615) (61,171)
Total assets less current liabilities (30,615) (61,171)
Creditors: amounts falling due after more than one year 5 ( 10,346) ( 16,060)
Net liabilities ( 40,961) ( 77,231)
Capital and reserves
Called-up share capital 6 2 2
Profit and loss account ( 40,963 ) ( 77,233 )
Total shareholders' deficit ( 40,961) ( 77,231)

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

Directors' responsibilities:

The financial statements of Wavechange Limited (registered number: 08780571) were approved and authorised for issue by the Board of Directors on 10 February 2025. They were signed on its behalf by:

Mr J P McCarthy
Director
WAVECHANGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
WAVECHANGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wavechange Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 20-22 Wenlock Road, London, N1 7GU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the provision of services to customers.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2024 2023
£ £
Trade debtors 2,394 990

4. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 5,714 5,572
Other taxation and social security 1,989 0
Other creditors 36,198 58,448
43,901 64,020

5. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 10,346 16,060

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2