Company Registration No. SC431029 (Scotland)
Wave Particle Ltd.
Unaudited accounts
for the year ended 31 July 2024
Wave Particle Ltd.
Unaudited accounts
Contents
Wave Particle Ltd.
Company Information
for the year ended 31 July 2024
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
Wave Particle Ltd.
Statement of financial position
as at 31 July 2024
Tangible assets
6,432
7,758
Cash at bank and in hand
133,194
73,419
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)
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
Wave Particle Ltd.
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts are presented in £ sterling.
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
At 31 July 2024
22,474
5,269
27,743
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
At 31 July 2024
4,023
2,409
6,432
At 31 July 2023
5,029
2,729
7,758
Wave Particle Ltd.
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Trade debtors
30,608
17,857
Accrued income and prepayments
2,187
-
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
11,073
1,980
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).