Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-31 2025-01-31 false 2 2024-02-01 false Other retail sale in non-specialised stores true 2 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14595104 2024-02-01 2025-01-31 14595104 2023-01-16 2024-01-31 14595104 2025-01-31 14595104 2024-01-31 14595104 c:Director1 2024-02-01 2025-01-31 14595104 d:OfficeEquipment 2024-02-01 2025-01-31 14595104 d:OfficeEquipment 2025-01-31 14595104 d:OfficeEquipment 2024-01-31 14595104 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 14595104 d:ComputerEquipment 2024-02-01 2025-01-31 14595104 d:ComputerEquipment 2025-01-31 14595104 d:ComputerEquipment 2024-01-31 14595104 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 14595104 d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 14595104 d:CurrentFinancialInstruments 2025-01-31 14595104 d:CurrentFinancialInstruments 2024-01-31 14595104 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 14595104 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 14595104 d:ShareCapital 2025-01-31 14595104 d:ShareCapital 2024-01-31 14595104 d:RetainedEarningsAccumulatedLosses 2025-01-31 14595104 d:RetainedEarningsAccumulatedLosses 2024-01-31 14595104 c:OrdinaryShareClass1 2024-02-01 2025-01-31 14595104 c:OrdinaryShareClass1 2025-01-31 14595104 c:OrdinaryShareClass1 2024-01-31 14595104 c:FRS102 2024-02-01 2025-01-31 14595104 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 14595104 c:FullAccounts 2024-02-01 2025-01-31 14595104 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 14595104 2 2024-02-01 2025-01-31 14595104 e:PoundSterling 2024-02-01 2025-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14595104 WAVY GROUP LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 JANUARY 2025
WAVY GROUP LIMITED REGISTERED NUMBER: 14595104 STATEMENT OF FINANCIAL POSITION AS AT 31 JANUARY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 3,042 |  | 830
|  |  | 3,042 |  | 830
Current assets |  |  |  |  |
Stocks |  | 28,676 |  | 10,149 |
Debtors: amounts falling due within one year | 5 | - |  | 1,622 |
Cash at bank and in hand | 6 | 88,004 |  | 60,487 |
|  | 116,680 |  | 72,258 |
Creditors: amounts falling due within one year | 7 | (149,755) |  | (87,834) |
Net current liabilities |  |  | (33,075) |  | (15,576)
Total assets less current liabilities |  |  | (30,033) |  | (14,746)
Net liabilities |  |  | (30,033) |  | (14,746)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 2 |  | 2
Profit and loss account |  |  | (30,035) |  | (14,748)
|  |  | (30,033) |  | (14,746)
Page 1
WAVY GROUP LIMITED REGISTERED NUMBER: 14595104 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 JANUARY 2025 The directors consider 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 directors acknowledge their 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 comprehensive income 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 on 25 December 2025.
A H Booker
Director
Page 2
WAVY GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
1. | General information
Wavy Group Limited is a private company limited by shares, incorporated in England & Wales on 16 January 2023 (registered number: 14595104). The registered office address of the company is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH. The financial statements are presented in Sterling, which is the functional currency of the company. 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
In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net deficit position the directors have obtained assurances from its immediate and ultimate parent company to continue to provide adequate funds to meets its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis. Accordingly the directors have continued to prepare the financial statements on the going concern basis.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 3
WAVY GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 2.Accounting policies (continued)
| 2.5 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.6 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Office equipment | - | 25% | Reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.8 | 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.
| 2.9 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Page 4
WAVY GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 2.Accounting policies (continued)
| 2.10 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.11 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
4. | Tangible fixed assets
|  | Office equipment | Computer equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 February 2024 | 958 | - | 958
| Additions | 2,936 | - | 2,936
| At 31 January 2025 | 3,894 | - | 3,894
| Depreciation |  |  |
| At 1 February 2024 | 128 | - | 128
| Charge for the year on owned assets | - | 724 | 724
| At 31 January 2025 | 128 | 724 | 852
| Net book value |  |  |
| At 31 January 2025 | 3,766 | (724) | 3,042
| At 31 January 2024 | 830 | - | 830
5. | Debtors
|  |  |  |  | 2025 | 2024
Page 5
WAVY GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 5.Debtors (continued)
|  |  |  |  | £ | £
| Trade debtors | - | 61
| Prepayments and accrued income | - | 1,561
|  | - | 1,622
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 88,002 | 60,487
| Less: bank overdrafts | (27,115) | (491)
|  | 60,887 | 59,996
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | 27,116 | 491
| Trade creditors | 82,663 | 56,988
| Other taxation and social security | 14,129 | 3,068
| Other creditors | 21,347 | 24,787
| Accruals and deferred income | 4,500 | 2,500
|  | 149,755 | 87,834
8. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 2 (2024 - 2) Ordinary shares of £1.00 each | 2 | 2
Page 6