Acorah Software Products - Accounts Production 16.5.460 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 15290672 Mr Alistair Shattock Mr Matthew Stacey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15290672 2024-03-31 15290672 2025-03-31 15290672 2024-04-01 2025-03-31 15290672 frs-core:CurrentFinancialInstruments 2025-03-31 15290672 frs-core:Non-currentFinancialInstruments 2025-03-31 15290672 frs-core:ShareCapital 2025-03-31 15290672 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 15290672 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 15290672 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 15290672 frs-bus:SmallEntities 2024-04-01 2025-03-31 15290672 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 15290672 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 15290672 frs-bus:Director1 2024-04-01 2025-03-31 15290672 frs-bus:Director2 2024-04-01 2025-03-31 15290672 frs-countries:EnglandWales 2024-04-01 2025-03-31 15290672 2023-03-31 15290672 2024-03-31 15290672 2023-04-01 2024-03-31 15290672 frs-core:CurrentFinancialInstruments 2024-03-31 15290672 frs-core:Non-currentFinancialInstruments 2024-03-31 15290672 frs-core:ShareCapital 2024-03-31 15290672 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 15290672
Greatwave Developments Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 15290672
2025 2024
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 97,177 -
Debtors 5 19,439 3,323
Cash at bank and in hand 152,926 285,554
269,542 288,877
Creditors: Amounts Falling Due Within One Year 6 (15,662 ) (5,362 )
NET CURRENT ASSETS (LIABILITIES) 253,880 283,515
TOTAL ASSETS LESS CURRENT LIABILITIES 253,880 283,515
Creditors: Amounts Falling Due After More Than One Year 7 (300,262 ) (299,950 )
NET LIABILITIES (46,382 ) (16,435 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (46,482 ) (16,535 )
SHAREHOLDERS' FUNDS (46,382) (16,435)
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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alistair Shattock
Director
3 September 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Greatwave Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15290672 . The registered office is 24 Picton House, Hussar Court, Waterlooville, Hampshire, PO7 7SQ.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.
2.4. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
Page 2
Page 3
4. Stocks
2025 2024
£ £
Work in progress 97,177 -
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 19,439 3,323
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 14,824 5,287
Other creditors 838 75
15,662 5,362
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 300,262 299,950
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors: £300,524 (2024: £299,900).
The above loan is unsecured and interest free.
Page 3