| Wavetech Southwest Limited |
| Registered Number:14279655 |
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 August 2024
Wavetech Southwest Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Wavetech Southwest Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
8,997
7,500
2
8,997
7,500
| Trade and other receivables |
20,096
5,130
3
23,937
| Cash and cash equivalents |
34,455
39,585
44,033
| Trade and other payables: amounts falling due |
| within one year |
(25,403)
(8,127)
4
18,630
31,458
Net current assets
| Total assets less current liabilities |
40,455
26,130
40,455
Net assets
26,130
100
100
40,355
26,030
40,455
26,130
Shareholders' funds
| For the year ended 31 August 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 of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been deliver |
| ed. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 30 November 2024 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 August 2024
Wavetech Southwest Limited
Notes to the Financial Statements
Statutory Information
| Wavetech Southwest Limited is a private limited company, limited by shares, domiciled in England and |
| Wales, registration number 14279655. |
29 Bath Road
Peasedown St John
Bath
BA2 8DJ
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Motor Vehicles
| 2. Property, plant and equipment |
10,000
6,000
4,000
4,496
4,496
-
4,000
10,496
14,496
| Provision for depreciation and impairmen |
| t |
2,500
1,500
1,000
Charge for year
2,999
2,249
750
5,499
3,749
1,750
2,250
6,747
8,997
3,000
4,500
7,500
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For the year ended 31 August 2024
Wavetech Southwest Limited
Notes to the Financial Statements Continued
| 3. Trade and other receivables |
2023
2024
5,130
19,894
-
202
20,096
5,130
| 4. Trade and other payables: amounts falling due within one year |
2023
2024
375
1,724
| Taxation and social security |
6,669
13,096
1,083
10,583
8,127
25,403
| 5. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
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