Company registration number 07074601 (England and Wales)
Ice Wave Limited
Unaudited
financial statements
for the year ended 30 November 2024
PAGES FOR FILING WITH REGISTRAR
Ice Wave Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Ice Wave Limited
Statement Of Financial Position
as at 30 November 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
53
Current assets
Debtors
1,111
2,085
Cash at bank and in hand
15,110
10,468
16,221
12,553
Creditors: amounts falling due within one year
(9,412)
(7,328)
Net current assets
6,809
5,225
Net assets
6,809
5,278
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
6,709
5,178
Total equity
6,809
5,278

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 5 June 2025
S P Beck
Director
Company Registration No. 07074601
Ice Wave Limited
Notes to the Financial Statements
for the year ended 30 November 2024
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts and is recognised on supply of services.

Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.

 

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
33% straight line
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
2
Ice Wave Limited
Notes to the Financial Statements (continued)
for the year ended 30 November 2024
- 3 -
3
Tangible fixed assets
Computer equipment
£
Cost
At 1 December 2023
2,776
Disposals
(1,616)
At 30 November 2024
1,160
Depreciation and impairment
At 1 December 2023
2,723
Depreciation charged in the year
53
Eliminated in respect of disposals
(1,616)
At 30 November 2024
1,160
Carrying amount
At 30 November 2024
-
0
At 30 November 2023
53
4
Company information

Ice Wave Limited is a private company limited by shares incorporated in England and Wales. The registered office is Metic House, Ripley Drive, Normanton, West Yorkshire, WF6 1QT.

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