Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Mr W M Narey 17/09/2014 11 April 2025 The principal activity of the company is to produce products that assist people recovering from cancer and other health conditions who are living with changes to their sex lives. 09221929 2024-09-30 09221929 bus:Director1 2024-09-30 09221929 2023-09-30 09221929 core:CurrentFinancialInstruments 2024-09-30 09221929 core:CurrentFinancialInstruments 2023-09-30 09221929 core:ShareCapital 2024-09-30 09221929 core:ShareCapital 2023-09-30 09221929 core:RetainedEarningsAccumulatedLosses 2024-09-30 09221929 core:RetainedEarningsAccumulatedLosses 2023-09-30 09221929 core:OtherPropertyPlantEquipment 2023-09-30 09221929 core:OtherPropertyPlantEquipment 2024-09-30 09221929 bus:OrdinaryShareClass1 2024-09-30 09221929 2023-10-01 2024-09-30 09221929 bus:FilletedAccounts 2023-10-01 2024-09-30 09221929 bus:SmallEntities 2023-10-01 2024-09-30 09221929 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 09221929 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09221929 bus:Director1 2023-10-01 2024-09-30 09221929 core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 09221929 2022-10-01 2023-09-30 09221929 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 09221929 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09221929 (England and Wales)

PLEASURE WAVE LTD

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

PLEASURE WAVE LTD

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

PLEASURE WAVE LTD

BALANCE SHEET

As at 30 September 2024
PLEASURE WAVE LTD

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,340 462
1,340 462
Current assets
Stocks 4 9,072 11,859
Debtors 5 5,347 5,525
Cash at bank and in hand 798 6,805
15,217 24,189
Creditors: amounts falling due within one year 6 ( 197,214) ( 194,372)
Net current liabilities (181,997) (170,183)
Total assets less current liabilities (180,657) (169,721)
Net liabilities ( 180,657) ( 169,721)
Capital and reserves
Called-up share capital 7 1 1
Profit and loss account ( 180,658 ) ( 169,722 )
Total shareholder's deficit ( 180,657) ( 169,721)

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Pleasure Wave Ltd (registered number: 09221929) were approved and authorised for issue by the Director on 11 April 2025. They were signed on its behalf by:

Mr W M Narey
Director
PLEASURE WAVE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
PLEASURE WAVE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Pleasure Wave Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 October 2023 3,675 3,675
Additions 1,311 1,311
At 30 September 2024 4,986 4,986
Accumulated depreciation
At 01 October 2023 3,213 3,213
Charge for the financial year 433 433
At 30 September 2024 3,646 3,646
Net book value
At 30 September 2024 1,340 1,340
At 30 September 2023 462 462

4. Stocks

2024 2023
£ £
Stocks 9,072 11,859

5. Debtors

2024 2023
£ £
Amounts owed by associates 4,541 4,541
Other debtors 806 984
5,347 5,525

6. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 197,214 194,372

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

8. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Amounts owed to Directors 194,565 192,052

The loan is interest free and is repayable on demand

Other related parties
At the balance sheet date the company was owed £4,541 (2023 - £4,541) by entities that are associated with the company. This has been disclosed within other debtors.