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Company Registration No. 13104450 (England and Wales)
Chainwave Limited Unaudited accounts for the year ended 31 December 2024
Chainwave Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Chainwave Limited Company Information for the year ended 31 December 2024
Directors
E Mulrany L Mulrany
Company Number
13104450 (England and Wales)
Accountants
Emily Pearson Associates Ltd 2 West View Mangotsfeild Bristol BS16 9DU
- 3 -
Chainwave Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
1,208,224 
644,889 
Tangible assets
5
22,186 
29,019 
1,230,410 
673,908 
Current assets
Debtors
6
170,403 
141,100 
Cash at bank and in hand
3 
2,802 
170,406 
143,902 
Creditors: amounts falling due within one year
7
(50,649)
(179,591)
Net current assets/(liabilities)
119,757 
(35,689)
Total assets less current liabilities
1,350,167 
638,219 
Creditors: amounts falling due after more than one year
8
(66,670)
(66,670)
Provisions for liabilities
Deferred tax
(6,825)
(6,825)
Net assets
1,276,672 
564,724 
Capital and reserves
Called up share capital
9
10 
10 
Revaluation reserve
- 
129,363 
Capital contribution reserve
899,747 
- 
Profit and loss account
376,915 
435,351 
Shareholders' funds
1,276,672 
564,724 
For the year ending 31 December 2024 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 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 of Directors and authorised for issue on 19 August 2025 and were signed on its behalf by
E Mulrany Director Company Registration No. 13104450
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Chainwave Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Chainwave Limited is a private company, limited by shares, registered in England and Wales, registration number 13104450.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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% RB
Motor vehicles
25% RB
Fixtures & fittings
25% RB
Computer equipment
25% RB
Other tangible fixed assets
25% RB
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
644,889 
Revaluations
563,335 
At 31 December 2024
1,208,224 
Amortisation
At 1 January 2024
- 
At 31 December 2024
- 
Net book value
At 31 December 2024
1,208,224 
At 31 December 2023
644,889 
Crypto C/f
- 5 -
Chainwave Limited Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
539 
40,000 
2,708 
43,247 
At 31 December 2024
539 
40,000 
2,708 
43,247 
Depreciation
At 1 January 2024
494 
12,267 
1,467 
14,228 
Charge for the year
45 
5,547 
1,241 
6,833 
At 31 December 2024
539 
17,814 
2,708 
21,061 
Net book value
At 31 December 2024
- 
22,186 
- 
22,186 
At 31 December 2023
45 
27,733 
1,241 
29,019 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
224 
396 
Other debtors
170,179 
140,704 
170,403 
141,100 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
1,662 
3,328 
Trade creditors
469 
432 
Taxes and social security
68,518 
188,547 
Loans from directors
(20,000)
(12,934)
Accruals
- 
218 
50,649 
179,591 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
43,808 
43,808 
Obligations under finance leases and hire purchase contracts
22,862 
22,862 
66,670 
66,670 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £0.10 each
10 
10 
10
Loans to directors
- 6 -
Chainwave Limited Notes to the Accounts for the year ended 31 December 2024
11
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 7 -