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WAVE SERVICES (SW) LTD

Registered Number
09297607
(England and Wales)

Unaudited Financial Statements for the Period ended
30 April 2025

WAVE SERVICES (SW) LTD
Company Information
for the period from 1 December 2023 to 30 April 2025

Directors

WEBBER, David
RIXSON, Thomas
ROWLEY, Thomas
KEEGAN, Sarah

Registered Address

Unit 2 Kingsmill Road
Tamar View Industrial Estate
Saltash
PL12 6LE

Registered Number

09297607 (England and Wales)
WAVE SERVICES (SW) LTD
Balance Sheet as at
30 April 2025

Notes

30 Apr 2025

30 Nov 2023

£

£

£

£

Fixed assets
Tangible assets3220,79671,502
220,79671,502
Current assets
Stocks499,713386,834
Debtors51,451,830909,865
Cash at bank and on hand614,397135,767
2,165,9401,432,466
Creditors amounts falling due within one year6(1,683,517)(934,411)
Net current assets (liabilities)482,423498,055
Total assets less current liabilities703,219569,557
Creditors amounts falling due after one year7(296,921)(238,182)
Net assets406,298331,375
Capital and reserves
Called up share capital500100
Profit and loss account405,798331,275
Shareholders' funds406,298331,375
The financial statements were approved and authorised for issue by the Board of Directors on 14 August 2025, and are signed on its behalf by:
WEBBER, David
Director
Registered Company No. 09297607
WAVE SERVICES (SW) LTD
Notes to the Financial Statements
for the period ended 30 April 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Research and development
Expenditure on research is written off against profits in the year in which it is incurred. Development expenditure is capitalised and amortised over its useful life.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20252023
Average number of employees during the year1315
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 December 235,252134,93211,62814,979166,791
Additions-236,393-8,624245,017
Disposals-(56,745)-(291)(57,036)
At 30 April 255,252314,58011,62823,312354,772
Depreciation and impairment
At 01 December 235,17471,93011,6136,57295,289
Charge for year7758,012153,75361,857
On disposals-(23,111)-(59)(23,170)
At 30 April 255,251106,83111,62810,266133,976
Net book value
At 30 April 251207,749-13,046220,796
At 30 November 237863,002158,40771,502
4.Stocks

2025

2023

££
Work in progress-110,045
Other stocks99,713276,789
Total99,713386,834
5.Debtors: amounts due within one year

2025

2023

££
Trade debtors / trade receivables1,249,112576,743
Other debtors192,781331,047
Prepayments and accrued income9,9372,075
Total1,451,830909,865
6.Creditors: amounts due within one year

2025

2023

££
Trade creditors / trade payables1,418,810685,603
Bank borrowings and overdrafts62,62560,361
Taxation and social security149,923135,883
Finance lease and HP contracts46,31815,277
Other creditors5,84137,287
Total1,683,517934,411
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2025

2023

££
Bank borrowings and overdrafts64,234150,396
Other creditors232,68787,786
Total296,921238,182
Longer term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Obligations under finance leases

2025

2023

££
Finance lease and HP contracts222,13562,662
9.Related party transactions
As at 30 April 2025, the company owed £7,350 from MW Construction Limited and £56,870 to Wave Mechanical, companies under the control of Mr. David Webber.