Company Registration No. 09520850 (England and Wales)
Wave One Limited
Unaudited accounts
for the period from 27 March 2024 to 5 April 2025
Wave One Limited
Unaudited accounts
Contents
Wave One Limited
Statement of financial position
as at 5 April 2025
Tangible assets
3,295
2,856
Cash at bank and in hand
84,687
28,774
Creditors: amounts falling due within one year
(15,031)
(17,923)
Net current assets
110,611
39,127
Total assets less current liabilities
113,931
42,008
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
113,007
39,052
Shareholders' funds
113,107
39,152
For the period ending 5 April 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 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 16 December 2025 and were signed on its behalf by
A Pooley
Director
Company Registration No. 09520850
Wave One Limited
Notes to the Accounts
for the period from 27 March 2024 to 5 April 2025
Wave One Limited is a private company, limited by shares, registered in England and Wales, registration number 09520850. The registered office is Unit 7, Edison Close, Ransomes Europark, Ipswich, Suffolk, IP3 9GU, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Computer equipment
15% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Wave One Limited
Notes to the Accounts
for the period from 27 March 2024 to 5 April 2025
4
Tangible fixed assets
Plant & machinery
5
Investments
Other investments
Valuation at 27 March 2024
25
Valuation at 5 April 2025
25
Amounts falling due within one year
Trade debtors
17,181
28,276
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
12,694
13,600
8
Average number of employees
During the period the average number of employees was 2 (2024: 2).