Company Registration No. 05908640 (England and Wales)
WAVETRAIN LTD
Unaudited accounts
for the year ended 31 March 2025
WAVETRAIN LTD
Unaudited accounts
Contents
WAVETRAIN LTD
Company Information
for the year ended 31 March 2025
Company Number
05908640 (England and Wales)
Registered Office
HQS WELLINGTON, TEMPLE STAIRS,
VICTORIA EMBANKMENT,
LONDON,
WC2R 2PN
ENGLAND
Accountants
Louisa Burton ACA
124 City Road
London
Hampshire
EC1V 2NX
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of WAVETRAIN LTD for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
WAVETRAIN LTD for the year ended
31 March 2025 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of WAVETRAIN LTD, as a body, in accordance with the terms of our engagement letter dated 23 April 2022. Our work has been undertaken solely to prepare for your approval the accounts of WAVETRAIN LTD and state those matters that we have agreed to state to the Board of Directors of WAVETRAIN LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than WAVETRAIN LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that WAVETRAIN LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of WAVETRAIN LTD. You consider that WAVETRAIN LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of WAVETRAIN LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Louisa Burton ACA
Chartered Accountants
124 City Road
London
Hampshire
EC1V 2NX
8 July 2025
WAVETRAIN LTD
Statement of financial position
as at 31 March 2025
Intangible assets
8,800
8,800
Tangible assets
12,188
11,432
Cash at bank and in hand
1,412
42,226
Creditors: amounts falling due within one year
(4,922)
(21,374)
Net current assets
18,441
28,083
Called up share capital
10
10
Profit and loss account
39,419
48,305
Shareholders' funds
39,429
48,315
For the year ending 31 March 2025 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 July 2025 and were signed on its behalf by
Richard Hussey
Director
Company Registration No. 05908640
WAVETRAIN LTD
Notes to the Accounts
for the year ended 31 March 2025
WAVETRAIN LTD is a private company, limited by shares, registered in England and Wales, registration number 05908640. The registered office is HQS WELLINGTON, TEMPLE STAIRS,, VICTORIA EMBANKMENT, , LONDON,, WC2R 2PN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Fixtures & fittings
15% Straight Line
Computer equipment
33% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
WAVETRAIN LTD
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
14,623
10,419
5,742
30,784
Additions
-
1,490
4,398
5,888
Disposals
(12,577)
-
-
(12,577)
At 31 March 2025
2,046
11,909
10,140
24,095
At 1 April 2024
14,623
2,834
1,895
19,352
Charge for the year
-
1,786
3,346
5,132
On disposals
(12,577)
-
-
(12,577)
At 31 March 2025
2,046
4,620
5,241
11,907
At 31 March 2025
-
7,289
4,899
12,188
At 31 March 2024
-
7,585
3,847
11,432
Amounts falling due within one year
Trade debtors
20,869
7,231
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
-
4,446
Loans from directors
1,818
13,351
Deferred income
1,790
3,140
8
Transactions with related parties
During the year the company repaid £11,286 to the director, R Hussey. At 31 March 2025 the company owed R Hussey £1,818 (2024 - £13,104).
9
Average number of employees
During the year the average number of employees was 2 (2024: 0).