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REGISTERED NUMBER: SC529241 (Scotland)











































Sinewave Design Limited

Unaudited Financial Statements

for the period

1st April 2023 to 30th March 2024






Sinewave Design Limited (Registered number: SC529241)






Contents of the Financial Statements
for the period 1st April 2023 to 30th March 2024




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 6


Sinewave Design Limited

Company Information
for the period 1st April 2023 to 30th March 2024







Director: T E Brown





Registered office: Office 1f3
100 Constitution Street
Edinburgh
EH6 6AW





Registered number: SC529241 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Sinewave Design Limited (Registered number: SC529241)

Balance Sheet
30th March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 18,998 1,198

Current assets
Debtors 5 3,270 12,705
Cash at bank 1,508 1,424
4,778 14,129
Creditors
Amounts falling due within one year 6 28,089 17,414
Net current liabilities (23,311 ) (3,285 )
Total assets less current liabilities (4,313 ) (2,087 )

Creditors
Amounts falling due after more than one
year

7

14,432

-
Net liabilities (18,745 ) (2,087 )

Capital and reserves
Called up share capital 100 100
Retained earnings (18,845 ) (2,187 )
(18,745 ) (2,087 )

Sinewave Design Limited (Registered number: SC529241)

Balance Sheet - continued
30th March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th March 2025 and were signed by:





T E Brown - Director


Sinewave Design Limited (Registered number: SC529241)

Notes to the Financial Statements
for the period 1st April 2023 to 30th March 2024

1. Statutory information

Sinewave Design Limited is a private company, limited by shares , registered in Scotland. 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 represents the total invoice value, excluding value added tax, of sales made during the year or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of website design services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Office equipment - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, other loans and directors' loans.

Directors' loans (being repayable on demand), trade debtors, trade creditors, accruals and other loans are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Sinewave Design Limited (Registered number: SC529241)

Notes to the Financial Statements - continued
for the period 1st April 2023 to 30th March 2024

2. Accounting policies - continued
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 period 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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The company has a deficit on the balance sheet. The director is confident that the company can trade out of its current situation. The accounts have therefore been prepared on the going concern basis.

3. Employees and directors

The average number of employees during the period was 1 (2023 - 1 ) .

4. Tangible fixed assets
Motor Office
vehicles equipment Totals
£    £    £   
Cost
At 1st April 2023 - 6,270 6,270
Additions 19,999 - 19,999
At 30th March 2024 19,999 6,270 26,269
Depreciation
At 1st April 2023 - 5,072 5,072
Charge for period 1,667 532 2,199
At 30th March 2024 1,667 5,604 7,271
Net book value
At 30th March 2024 18,332 666 18,998
At 31st March 2023 - 1,198 1,198

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 3,270 12,705

Sinewave Design Limited (Registered number: SC529241)

Notes to the Financial Statements - continued
for the period 1st April 2023 to 30th March 2024

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 7,745 4,122
Taxation and social security 13,445 11,328
Other creditors 6,899 1,964
28,089 17,414

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Other creditors 14,432 -

8. Director's advances, credits and guarantees

The following advances and credits to the director subsisted during the years ended 30th March 2024 and 31st March 2023:
20242023
Director
Balance outstanding at start of year-974
Amounts advanced-3,978
Amount repaid-(4,952)
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