Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302023-09-200Information technology consultancy activitiesfalsetrue0falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 15149747 2023-09-19 15149747 2023-09-20 2024-09-30 15149747 2022-10-01 2023-09-19 15149747 2024-09-30 15149747 c:Director1 2023-09-20 2024-09-30 15149747 d:FurnitureFittings 2023-09-20 2024-09-30 15149747 d:FurnitureFittings 2024-09-30 15149747 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-20 2024-09-30 15149747 d:CurrentFinancialInstruments 2024-09-30 15149747 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 15149747 d:ShareCapital 2024-09-30 15149747 c:OrdinaryShareClass1 2023-09-20 2024-09-30 15149747 c:OrdinaryShareClass1 2024-09-30 15149747 c:FRS102 2023-09-20 2024-09-30 15149747 c:AuditExempt-NoAccountantsReport 2023-09-20 2024-09-30 15149747 c:FullAccounts 2023-09-20 2024-09-30 15149747 c:PrivateLimitedCompanyLtd 2023-09-20 2024-09-30 15149747 e:PoundSterling 2023-09-20 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 15149747









WAVECREST SOLUTIONS LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

 
WAVECREST SOLUTIONS LTD
REGISTERED NUMBER: 15149747

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
1,200

  
1,200

Current assets
  

Debtors: amounts falling due within one year
 5 
1,200

Cash at bank and in hand
 6 
2,218

  
3,418

Creditors: amounts falling due within one year
 7 
(4,617)

Net current (liabilities)/assets
  
 
 
(1,199)

Total assets less current liabilities
  
1

  

Net assets
  
1


Capital and reserves
  

Called up share capital 
  
1

  
1


Page 1

 
WAVECREST SOLUTIONS LTD
REGISTERED NUMBER: 15149747
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 February 2025.




................................................
Richard Simpson
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
WAVECREST SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

1.


General information

The Company is a private company limited by share capital, incorporated in England and Wales. The principal activity of the Company throughout the year was that of information technology consultancy activities. The Company was incorporated on 20th September 2023 and commenced trading on 4th December 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
stright line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
WAVECREST SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The Company has no employees other than the director, who did not receive any remuneration.


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


Additions
1,500



At 30 September 2024

1,500



Depreciation


Charge for the period on owned assets
300



At 30 September 2024

300



Net book value



At 30 September 2024
1,200


5.


Debtors

2024
£


Trade debtors
1,200

1,200

Page 4

 
WAVECREST SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

5.Debtors (continued)



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
2,218

2,218



7.


Creditors: Amounts falling due within one year

2024
£

Corporation tax
1,389

Other creditors
2,088

Accruals and deferred income
1,140

4,617


Included in creditors is a director’s loan account balance of £2,088 in relation to Richard Simpson.


8.


Share capital

2024
£
Allotted, called up and fully paid


1 Ordinary share of £1
1


Upon incorporation, 1 Ordinary £1 share was issued at par.


9.


Controlling party

The Company is controlled by the director Richard Simpson, by virtue of his shareholding, as described in the directors’ report.

 
Page 5