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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
Page
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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
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Bluewave Group Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
30,481 
34,993 
Current assets
Inventories
40,000 
40,000 
Debtors
364,651 
212,325 
Cash at bank and in hand
7,216 
33,814 
411,867 
286,139 
Creditors: amounts falling due within one year
(450,625)
(321,121)
Net current liabilities
(38,758)
(34,982)
Net (liabilities)/assets
(8,277)
11 
Capital and reserves
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
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Bluewave Group Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
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 
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Bluewave Group Ltd Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
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 
Other debtors
- 
6,000 
364,651 
212,325 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
204,195 
230,104 
VAT
9,775 
15,315 
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)
Accruals
1,200 
1,100 
450,625 
321,121 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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