Company Registration No. 12023095 (England and Wales)
WAVYBAY LIMITED
Unaudited accounts
for the year ended 30 May 2024
WAVYBAY LIMITED
Unaudited accounts
Contents
WAVYBAY LIMITED
Company Information
for the year ended 30 May 2024
Company Number
12023095 (England and Wales)
Registered Office
25 WAVERLEY ROAD
LONDON
SE18 7TL
ENGLAND
Accountants
PARAGONACCOUNTAX LTD
PEXOR HOUSE
STAFFA ROAD
LONDON
UNITED KINGDOM
E10 7QZ
WAVYBAY LIMITED
Statement of financial position
as at 30 May 2024
Tangible assets
18,612
19,250
Cash at bank and in hand
1,182
10,246
Creditors: amounts falling due within one year
(42,931)
(55,467)
Net current liabilities
(40,298)
(43,890)
Net liabilities
(21,686)
(24,640)
Called up share capital
100
100
Profit and loss account
(21,786)
(24,740)
Shareholders' funds
(21,686)
(24,640)
For the year ending 30 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 director acknowledges his 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 and authorised for issue on 5 January 2025 and were signed on its behalf by
SEVDA ALBAYRAK
Director
Company Registration No. 12023095
WAVYBAY LIMITED
Notes to the Accounts
for the year ended 30 May 2024
WAVYBAY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12023095. The registered office is 25 WAVERLEY ROAD, LONDON, SE18 7TL, ENGLAND.
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:
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 31 May 2023
15,000
5,000
20,000
At 30 May 2024
15,000
5,000
20,000
Charge for the year
-
638
638
At 30 May 2024
-
1,388
1,388
At 30 May 2024
15,000
3,612
18,612
At 30 May 2023
15,000
4,250
19,250
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
15,098
16,498
Taxes and social security
-
656
Other creditors
26,355
28,804
Loans from directors
1,478
9,509
WAVYBAY LIMITED
Notes to the Accounts
for the year ended 30 May 2024
6
Average number of employees
During the year the average number of employees was 3 (2023: 3).