Company Registration No. 07701220 (England and Wales)
Wavelogic Solutions Ltd
Unaudited accounts
for the year ended 31 July 2024
Wavelogic Solutions Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
4,977
2,956
Cash at bank and in hand
18,729
37,977
Creditors: amounts falling due within one year
(6,904)
(13,614)
Net current assets
20,646
33,994
Total assets less current liabilities
25,623
36,950
Provisions for liabilities
Called up share capital
20
20
Profit and loss account
25,041
36,368
Shareholders' funds
25,061
36,388
For the year ending 31 July 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 23 December 2024 and were signed on its behalf by
Mr Shashidher Kalluri
Director
Company Registration No. 07701220
Wavelogic Solutions Ltd
Notes to the Accounts
for the year ended 31 July 2024
Wavelogic Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 07701220. The registered office is J O Hunter House, 409 Bradford Road, Huddersfield, West Yorkshire, HD2 2RB, United Kingdom. The company is in the process of being wound up.
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:
Fixtures & fittings
25% on cost.
Computer equipment
25% on cost.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Total
Wavelogic Solutions Ltd
Notes to the Accounts
for the year ended 31 July 2024
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).