ACCOUNTS - Final Accounts preparation

Company registration number: 10542162

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MAY 2025

	WAVEFINITY DEVELOPMENTS LIMITED


WAVEFINITY DEVELOPMENTS LIMITED

COMPANY INFORMATION

Director	M I Watson-cave


Registered number	10542162


Registered office	83 Lichfield Road
	Stone
	ST15 8QD


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	Herts
	SG1 3QP


WAVEFINITY DEVELOPMENTS LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 4


WAVEFINITY DEVELOPMENTS LIMITED REGISTERED NUMBER:10542162

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2025

		2025		2023
Note		£		£


Current assets
Stocks		-		329,539
Bank and cash balances		1,205		732
		1,205		330,271
Creditors: amounts falling due within one year	5	(84,376)		(366,283)
Net current liabilities			(83,171)		(36,012)
Total assets less current liabilities			(83,171)		(36,012)

Net liabilities			(83,171)		(36,012)

Capital and reserves
Called up share capital	2	2
Profit and loss account	(83,173)	(36,014)
	(83,171)	(36,012)

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WAVEFINITY DEVELOPMENTS LIMITED REGISTERED NUMBER:10542162

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MAY 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

M I Watson-cave

Director

Date: 9 September 2025

The notes on pages 3 to 4 form part of these financial statements.

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WAVEFINITY DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1.	General information

Wavefinity Developments Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the company information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements are no longer being prepared on a going concern basis. This determination has been made due to the company ceasing to trade following the year end. The director will continue to financially support the company in order to pay down its liabilities as appropriate.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.4

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

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WAVEFINITY DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Debtors

5.	Creditors: Amounts falling due within one year
		2025	2023
		£	£

Other creditors	83,176	365,083
Accruals and deferred income	1,200	1,200
	84,376	366,283

6.	Related party transactions
	At the balance sheet date the company owed £83,176 (2023: £365,083) to the director. The balance can be found within creditors due within one year. No interest is being charged on this loan.

Page 4