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REGISTERED NUMBER: 10295431 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Big Wave Sourcing Ltd

Big Wave Sourcing Ltd (Registered number: 10295431)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Big Wave Sourcing Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: P Virk
D Virk





REGISTERED OFFICE: 10 Ashford Road
Hinckley
Leicestershire
LE10 0JL





REGISTERED NUMBER: 10295431 (England and Wales)





ACCOUNTANTS: Abrahamson Foster Limited
The Atkins Building
Lower Bond Street
Hinckley
Leicestershire
LE10 1QU

Big Wave Sourcing Ltd (Registered number: 10295431)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,541 24,305

CURRENT ASSETS
Debtors 5 290,652 57,425
Cash at bank 156,076 270,096
446,728 327,521
CREDITORS
Amounts falling due within one year 6 113,776 32,679
NET CURRENT ASSETS 332,952 294,842
TOTAL ASSETS LESS CURRENT
LIABILITIES

357,493

319,147

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 357,393 319,047
357,493 319,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:





P Virk - Director


Big Wave Sourcing Ltd (Registered number: 10295431)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Big Wave Sourcing Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

Big Wave Sourcing Ltd (Registered number: 10295431)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 49,416
Additions 2,918
Disposals (6,110 )
At 31 December 2024 46,224
DEPRECIATION
At 1 January 2024 25,111
Charge for year 2,682
Eliminated on disposal (6,110 )
At 31 December 2024 21,683
NET BOOK VALUE
At 31 December 2024 24,541
At 31 December 2023 24,305

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 290,652 -
Other debtors - 57,425
290,652 57,425

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 1,088 142
Taxation and social security 110,358 30,537
Other creditors 2,330 2,000
113,776 32,679

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
P Virk and D Virk
Balance outstanding at start of year 56,503 24,939
Amounts advanced 129,727 255,010
Amounts repaid (186,459 ) (223,446 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (229 ) 56,503