Company Registration No. 10791408 (England and Wales)
Bluewave Group Ltd
Unaudited accounts
for the year ended 31 May 2024
Bluewave Group Ltd
Unaudited accounts
Contents
Bluewave Group Ltd
Company Information
for the year ended 31 May 2024
Directors
Seb Ash
Mat Patey
Company Number
10791408 (England and Wales)
Registered Office
Unit 2
Velator Way
Braunton
EX33 2DX
Accountants
North Devon Accounts
4 Cross Tree Centre
Caen Street
Braunton
Devon
EX33 1AA
Bluewave Group Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
30,481
34,993
Cash at bank and in hand
7,216
33,814
Creditors: amounts falling due within one year
(450,625)
(321,121)
Net current liabilities
(38,758)
(34,982)
Net (liabilities)/assets
(8,277)
11
Called up share capital
1,000
1,000
Profit and loss account
(9,277)
(989)
Shareholders' funds
(8,277)
11
For the year ending 31 May 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by
Seb Ash
Director
Company Registration No. 10791408
Bluewave Group Ltd
Notes to the Accounts
for the year ended 31 May 2024
Bluewave Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 10791408. The registered office is Unit 2 , Velator Way, Braunton , EX33 2DX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Straight Line
Fixtures & fittings
15% Reducing Balance
Computer equipment
15% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2023
10,555
42,928
6,187
6,322
65,992
Additions
3,440
3,167
334
1,254
8,195
At 31 May 2024
13,995
46,095
6,521
7,576
74,187
At 1 June 2023
4,438
19,707
3,572
3,282
30,999
Charge for the year
1,627
9,961
448
671
12,707
At 31 May 2024
6,065
29,668
4,020
3,953
43,706
At 31 May 2024
7,930
16,427
2,501
3,623
30,481
At 31 May 2023
6,117
23,221
2,615
3,040
34,993
Bluewave Group Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
79,800
124,369
Amounts due from group undertakings etc.
281,880
80,061
Accrued income and prepayments
2,971
1,895
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
204,195
230,104
Trade creditors
101,880
59,795
Amounts owed to group undertakings and other participating interests
113,295
39
Taxes and social security
52,990
16,955
Other creditors
6,742
6,727
Loans from directors
(39,452)
(8,914)
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).