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REGISTERED NUMBER: 06311283 (England and Wales)















Big Wave Media Limited

Unaudited Financial Statements for the Year Ended 31 July 2024






Big Wave Media Limited (Registered number: 06311283)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Big Wave Media Limited

Company Information
for the Year Ended 31 July 2024







Directors: S C Beer
T A Gozna





Registered office: 1st Floor Exeland House
Tudor Street
Exeter
EX4 3BR





Registered number: 06311283 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Big Wave Media Limited (Registered number: 06311283)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
Fixed assets
Intangible assets 4 17,453 21,909
Tangible assets 5 148,570 93,560
Investments 6 10 47
166,033 115,516

Current assets
Debtors 7 438,471 484,544
Cash at bank and in hand 313,671 271,666
752,142 756,210
Creditors
Amounts falling due within one year 8 (424,993 ) (373,084 )
Net current assets 327,149 383,126
Total assets less current liabilities 493,182 498,642

Creditors
Amounts falling due after more than one year 9 (114,971 ) (105,092 )

Provisions for liabilities 12 (35,838 ) (17,444 )
Net assets 342,373 376,106

Capital and reserves
Called up share capital 900 900
Share premium 7,660 7,660
Retained earnings 333,813 367,546
342,373 376,106

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Big Wave Media Limited (Registered number: 06311283)

Balance Sheet - continued
31 July 2024


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 22 April 2025 and were signed on its behalf by:




T A Gozna - Director



S C Beer - Director


Big Wave Media Limited (Registered number: 06311283)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. Statutory information

Big Wave Media 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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - at variable rates on reducing balance
Fixtures and fittings - at variable rates on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangements as either financial assets, financial liabilities or equity instruments, and are held at amortised cost. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value of the future payments discounted at a market rate of interest for a similar debt instrument

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.

Big Wave Media Limited (Registered number: 06311283)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. Employees and directors

The average number of employees during the year was 40 (2023 - 40 ) .

4. Intangible fixed assets
Computer
software
£   
Cost
At 1 August 2023
and 31 July 2024 22,280
Amortisation
At 1 August 2023 371
Amortisation for year 4,456
At 31 July 2024 4,827
Net book value
At 31 July 2024 17,453
At 31 July 2023 21,909

5. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 August 2023 208,341 35,821 92,479 336,641
Additions - 7,670 112,780 120,450
Disposals (14,868 ) - (74,085 ) (88,953 )
At 31 July 2024 193,473 43,491 131,174 368,138
Depreciation
At 1 August 2023 190,549 12,039 40,493 243,081
Charge for year 6,483 5,757 18,968 31,208
Eliminated on disposal (11,150 ) - (43,571 ) (54,721 )
At 31 July 2024 185,882 17,796 15,890 219,568
Net book value
At 31 July 2024 7,591 25,695 115,284 148,570
At 31 July 2023 17,792 23,782 51,986 93,560

Big Wave Media Limited (Registered number: 06311283)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
Additions 112,780
At 31 July 2024 112,780
Depreciation
Charge for year 7,826
At 31 July 2024 7,826
Net book value
At 31 July 2024 104,954

6. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 August 2023 47
Disposals (37 )
At 31 July 2024 10
Net book value
At 31 July 2024 10
At 31 July 2023 47

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 422,748 400,393
Accrued income - 11,107
Amounts owed by group undertakings 696 17,503
Other debtors - 19,254
Tax - 24,954
Prepayments 15,027 11,333
438,471 484,544

Big Wave Media Limited (Registered number: 06311283)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 35,000 -
Hire purchase contracts (see note 11) 18,240 42,363
Trade creditors 125,904 73,090
Amounts owed to group undertakings - 13,887
Tax 72,471 70,070
Social security and other taxes 27,166 24,814
VAT 87,972 74,966
Other creditors 5,355 4,863
Directors' current accounts 998 -
Accrued expenses 51,887 23,512
Deferred income - 45,519
424,993 373,084

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans (see note 10) 35,069 105,092
Hire purchase contracts (see note 11) 79,902 -
114,971 105,092

10. Loans

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 35,000 -

Amounts falling due between one and two years:
Bank loans - 1-2 years 35,069 105,092

11. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 18,240 42,363
Between one and five years 79,902 -
98,142 42,363

Non-cancellable operating leases
2024 2023
£    £   
Within one year 24,750 -

A new lease was signed in August 2024 in relation to the property. The figures detailed above represent the commitments under that lease and not the lease in existence at 31st July 2024.

Big Wave Media Limited (Registered number: 06311283)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

12. Provisions for liabilities
2024 2023
£    £   
Deferred tax 35,838 17,444

Deferred
tax
£   
Balance at 1 August 2023 17,444
Charge to Income Statement during year 18,394
Balance at 31 July 2024 35,838

13. Post balance sheet events

On 14th August 2024, the 702 ordinary A shares owned by Bennik Developments Limited were sold to Bezengaro Limited.
These financial statements do not reflect any transactions in relation to that sale.