REGISTERED NUMBER: 08905418 (England and Wales)

RADIO WAVES (PENKRIDGE) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R H Weymouth

Mrs S Weymouth

REGISTERED OFFICE:

6 Boyden Close

Penkridge

Stafford

ST19 5TG

REGISTERED NUMBER:

08905418 (England and Wales)

ACCOUNTANTS:

Wallace Crooke Ltd

Wallace House

20 Birmingham Road

Walsall

West Midlands

WS1 2LT

FIXED ASSETS

Tangible assets

4

3,908

4,491

CURRENT ASSETS

Debtors

5

2,385

203

Cash at bank and in hand

1,285

2,466

3,670

2,669

CREDITORS

Amounts falling due within one year

6

20,371

5,485

NET CURRENT LIABILITIES

(16,701

)

(2,816

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(12,793

)

1,675

PROVISIONS FOR LIABILITIES

7

-

853

NET (LIABILITIES)/ASSETS

(12,793

)

822

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

(12,795

)

820

SHAREHOLDERS' FUNDS

(12,793

)

822

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

Mr R H Weymouth - Director

1.	STATUTORY INFORMATION

Radio Waves (Penkridge) 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

This may not be appropriate because at 31st January 2025 the company's liabilities exceeded its assets by £12,793. The Directors however believe that with the ongoing support of the company's shareholders, that it is appropriate to prepare the financial statements on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future.

If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce balance sheet values of assets to their recoverable amounts, and to provide for further liabilities that might arise, and to reclassify fixed assets and long

term liabilities as current assets and liabilities.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 February 2024

and 31 January 2025

2,000

4,717

3,874

10,591

DEPRECIATION

At 1 February 2024

200

3,468

2,432

6,100

Charge for year

180

187

216

583

At 31 January 2025

380

3,655

2,648

6,683

NET BOOK VALUE

At 31 January 2025

1,620

1,062

1,226

3,908

At 31 January 2024

1,800

1,249

1,442

4,491

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

2,385

203

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

759

2,462

Other creditors

19,612

3,023

20,371

5,485

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

-

853

Deferred

tax

£

Balance at 1 February 2024

853

Credit to Income Statement during year

(853

)

Balance at 31 January 2025

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

2

2