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COMPANY REGISTRATION NUMBER: 05867542
Waves Car Wash Limited
Filleted Unaudited Financial Statements
30 September 2024
Waves Car Wash Limited
Officers and Professional Advisers
The board of directors
Mrs J H Ludgate
Mr K J R Nethercot
Mr A P Hurst
Mr R Mercer
Company secretary
Mrs D Hill
Registered office
1 Castle Court
Brewhouse Lane
Putney
London
SW15 2JJ
Accountants
Collett Hulance
Chartered Certified Accountants
40 Kimbolton Road
Bedford
MK40 2NR
Bankers
Barclays Bank Plc
99 Hatton Garden
London
EC1N 8DN
Waves Car Wash Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Current assets
Stocks
2,608
Debtors
4
37,187
45,519
Cash at bank and in hand
31,519
7,429
--------
--------
68,706
55,556
Creditors: amounts falling due within one year
5
262,860
175,614
---------
---------
Net current liabilities
194,154
120,058
---------
---------
Total assets less current liabilities
( 194,154)
( 120,058)
---------
---------
Net liabilities
( 194,154)
( 120,058)
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 194,155)
( 120,059)
---------
---------
Shareholders deficit
( 194,154)
( 120,058)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 May 2025 , and are signed on behalf of the board by:
Mrs J H Ludgate
Director
Company registration number: 05867542
Waves Car Wash Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 1 Castle Court, Brewhouse Lane, Putney, London, SW15 2JJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents the value of sites contracted for sale during the period and invoiced sales of other goods, exclusive of Value Added Tax.
Deferred taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Debtors
2024
2023
£
£
Trade debtors
8,890
24,000
Amounts owed by group undertakings and undertakings in which the company has a participating interest
2,176
3,578
Other debtors
26,121
17,941
--------
--------
37,187
45,519
--------
--------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
20,165
40,106
Amounts owed to group undertakings and undertakings in which the company has a participating interest
179,440
49,908
Other creditors
63,255
85,600
---------
---------
262,860
175,614
---------
---------