IRIS Accounts Production v24.3.2.46 07117314 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071173142023-06-30071173142024-06-30071173142023-07-012024-06-30071173142022-06-30071173142022-07-012023-06-30071173142023-06-3007117314ns15:EnglandWales2023-07-012024-06-3007117314ns14:PoundSterling2023-07-012024-06-3007117314ns10:Director12023-07-012024-06-3007117314ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3007117314ns10:SmallEntities2023-07-012024-06-3007117314ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3007117314ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3007117314ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3007117314ns10:FullAccounts2023-07-012024-06-3007117314ns10:Director22023-07-012024-06-3007117314ns10:Director32023-07-012024-06-3007117314ns10:Director42023-07-012024-06-3007117314ns10:Director52023-07-012024-06-3007117314ns10:RegisteredOffice2023-07-012024-06-3007117314ns5:CurrentFinancialInstruments2024-06-3007117314ns5:CurrentFinancialInstruments2023-06-3007117314ns5:ShareCapital2024-06-3007117314ns5:ShareCapital2023-06-3007117314ns5:RetainedEarningsAccumulatedLosses2024-06-3007117314ns5:RetainedEarningsAccumulatedLosses2023-06-3007117314ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3007117314ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3007117314ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-30
REGISTERED NUMBER: 07117314 (England and Wales)















WAVEHILL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






WAVEHILL LIMITED (REGISTERED NUMBER: 07117314)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WAVEHILL LIMITED

COMPANY INFORMATION
for the Year Ended 30 JUNE 2024







DIRECTORS: Mr E H Griffiths
Mr O Allies
Mr M Willis
Mr A Parkinson





REGISTERED OFFICE: 21 Alban Square
Aberaeron
Ceredigion
SA46 0DB





REGISTERED NUMBER: 07117314 (England and Wales)





ACCOUNTANTS: D M B Davies Limited
Broyan House
Priory Street
Cardigan
Ceredigion
SA43 1BZ

WAVEHILL LIMITED (REGISTERED NUMBER: 07117314)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 55,082 17,575
Debtors 4 497,896 640,255
Cash at bank and in hand 992,836 1,145,313
1,545,814 1,803,143
CREDITORS
Amounts falling due within one year 5 553,586 873,666
NET CURRENT ASSETS 992,228 929,477
TOTAL ASSETS LESS CURRENT
LIABILITIES

992,228

929,477

CAPITAL AND RESERVES
Called up share capital 90 90
Retained earnings 992,138 929,387
SHAREHOLDERS' FUNDS 992,228 929,477

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 21 November 2024 and were signed on its behalf by:





Mr M A Willis - Director


WAVEHILL LIMITED (REGISTERED NUMBER: 07117314)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2024


1. STATUTORY INFORMATION

Wavehill Limited 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

WAVEHILL LIMITED (REGISTERED NUMBER: 07117314)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 34 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 497,614 640,241
Other debtors 282 14
497,896 640,255

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,486 3,355
Trade creditors 52,392 41,608
Taxation and social security 338,259 392,936
Other creditors 160,449 435,767
553,586 873,666

6. RELATED PARTY DISCLOSURES

The controlling party is Wavehill EOT Trustee Limited.