Company Registration No. 04625192 (England and Wales)
ALIWAVES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 10 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
ALIWAVES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
ALIWAVES LIMITED
BALANCE SHEET
AS AT
10 MARCH 2026
10 March 2026
- 1 -
10 March 2026 2026
31 December 2024
Notes
£
£
£
£
Fixed assets
Investment property
5
-
0
150,000
Current assets
Cash at bank and in hand
153,967
702
Creditors: amounts falling due within one year
6
(147,518)
(132,121)
Net current assets/(liabilities)
6,449
(131,419)
Net assets
6,449
18,581
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
6,349
18,481
Total equity
6,449
18,581

For the financial period ended 10 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 26 March 2026
Mr J D Brown
Director
Company registration number 04625192 (England and Wales)
ALIWAVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 10 MARCH 2026
- 2 -
1
Accounting policies
Company information

Aliwaves Limited is a private company limited by shares incorporated in England and Wales. The registered office is First Floor, 55 Ffordd William Morgan, St Asaph Business Park, St Asaph, LL17 OJG.

1.1
Reporting period

The reporting priod of the company has been lengthened for a period that is longer than one year.

The reason for the using the longer period is the sale of the investment property in March 2026.

The comparative amounts presented in the financial statememnts (including the related notes) are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

Turnover represents invoiced rents and sales of services except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% on reducing balance
Fixtures and fittings
15% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

ALIWAVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 10 MARCH 2026
1
Accounting policies
(Continued)
- 3 -
1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. As all financial assets are classified within one year, they are not amortised but carried at face value.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price. Financial liabilities classified as payable within one year are carried at face value.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and continue to be measured at face value.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

ALIWAVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 10 MARCH 2026
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2026
2024
Number
Number
Total
1
1
ALIWAVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 10 MARCH 2026
- 5 -
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Total
£
£
£
Cost
At 1 January 2025
456
6,193
6,649
Disposals
(456)
(6,193)
(6,649)
At 10 March 2026
-
0
-
0
-
0
Depreciation and impairment
At 1 January 2025
456
6,193
6,649
Eliminated in respect of disposals
(456)
(6,193)
(6,649)
At 10 March 2026
-
0
-
0
-
0
Carrying amount
At 10 March 2026
-
0
-
0
-
0
At 31 December 2024
-
0
-
0
-
0
5
Investment property
2026
£
Fair value
At 1 January 2025
150,000
Disposals
(150,000)
At 10 March 2026
-
0

The property was sold in March 2026.

6
Creditors: amounts falling due within one year
2026
2024
£
£
Corporation tax
-
0
114
Other creditors
147,518
132,007
147,518
132,121
8
Directors' transactions

Included in other creditors, is the amount due to the director by the company at £146,317 (2024: £130,993). This amount is interest free and repayable on demand.

2026-03-10 2025-01-01 false false false 26 March 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr J D Brown 04625192 2025-01-01 2026-03-10 04625192 2026-03-10 04625192 2024-12-31 04625192 core:WithinOneYear 2026-03-10 04625192 core:WithinOneYear 2024-12-31 04625192 core:CurrentFinancialInstruments 2026-03-10 04625192 core:CurrentFinancialInstruments 2024-12-31 04625192 core:ShareCapital 2026-03-10 04625192 core:ShareCapital 2024-12-31 04625192 core:RetainedEarningsAccumulatedLosses 2026-03-10 04625192 core:RetainedEarningsAccumulatedLosses 2024-12-31 04625192 bus:Director1 2025-01-01 2026-03-10 04625192 core:PlantMachinery 2025-01-01 2026-03-10 04625192 core:FurnitureFittings 2025-01-01 2026-03-10 04625192 2024-01-01 2024-12-31 04625192 core:PlantMachinery 2024-12-31 04625192 core:FurnitureFittings 2024-12-31 04625192 2024-12-31 04625192 core:PlantMachinery 2026-03-10 04625192 core:FurnitureFittings 2026-03-10 04625192 core:PlantMachinery 2024-12-31 04625192 core:FurnitureFittings 2024-12-31 04625192 bus:PrivateLimitedCompanyLtd 2025-01-01 2026-03-10 04625192 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2026-03-10 04625192 bus:FRS102 2025-01-01 2026-03-10 04625192 bus:AuditExemptWithAccountantsReport 2025-01-01 2026-03-10 04625192 bus:FullAccounts 2025-01-01 2026-03-10 xbrli:pure xbrli:shares iso4217:GBP