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Company Registration No. SC431029 (Scotland)
Wave Particle Ltd. Unaudited accounts for the year ended 31 July 2024
Wave Particle Ltd. Unaudited accounts Contents
Page
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Wave Particle Ltd. Company Information for the year ended 31 July 2024
Director
P McCaughey
Company Number
SC431029 (Scotland)
Registered Office
18 Mosshead Road Bearsden Glasgow G61 3HN Scotland
Accountants
Assenti & Noble Ltd 18 Mosshead Road Bearsden Glasgow G61 3HN
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Wave Particle Ltd. Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,432 
7,758 
Current assets
Debtors
32,795 
17,857 
Cash at bank and in hand
133,194 
73,419 
165,989 
91,276 
Creditors: amounts falling due within one year
(59,605)
(8,668)
Net current assets
106,384 
82,608 
Total assets less current liabilities
112,816 
90,366 
Creditors: amounts falling due after more than one year
(16,888)
(17,490)
Net assets
95,928 
72,876 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
95,926 
72,874 
Shareholders' funds
95,928 
72,876 
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.
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 20 March 2025 and were signed on its behalf by
P McCaughey Director Company Registration No. SC431029
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Wave Particle Ltd. Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Wave Particle Ltd. is a private company, limited by shares, registered in Scotland, registration number SC431029. The registered office is 18 Mosshead Road, Bearsden, Glasgow, G61 3HN, Scotland.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents invoiced sales to external customers, excluding value added tax.
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
20% reducing balance
Fixtures & fittings
20% reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
22,474 
4,987 
27,461 
Additions
- 
282 
282 
At 31 July 2024
22,474 
5,269 
27,743 
Depreciation
At 1 August 2023
17,445 
2,258 
19,703 
Charge for the year
1,006 
602 
1,608 
At 31 July 2024
18,451 
2,860 
21,311 
Net book value
At 31 July 2024
4,023 
2,409 
6,432 
At 31 July 2023
5,029 
2,729 
7,758 
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Wave Particle Ltd. Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
30,608 
17,857 
Accrued income and prepayments
2,187 
- 
32,795 
17,857 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
10,256 
2,595 
Trade creditors
510 
3,193 
Taxes and social security
11,073 
1,980 
Accruals
4,567 
900 
Deferred income
33,199 
- 
59,605 
8,668 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
16,888 
17,490 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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