Company registration number: 08211023
Annual report and unaudited financial statements
for the year ended 31 January 2026
for
Waveney Wholesale Ltd
Pages for filing with the Registrar
Company registration number: 08211023
Waveney Wholesale Ltd
Balance sheet
as at 31 January 2026
2026 2025
Note £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 1,528 2,120
1,528 2,120
Current assets
Stocks 220,435 226,966
Debtors 6 21,499 19,530
Cash at bank and in hand 17,924 37,082
259,858 283,578
Creditors: amounts falling due within one year
7 (14,010) (17,638)
Net current assets 245,848 265,940
Total assets less current liabilities 247,376 268,060
Provisions for liabilities (176) -
NET ASSETS 247,200 268,060
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 246,200 267,060
TOTAL EQUITY 247,200 268,060
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 January 2026.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 08211023
Waveney Wholesale Ltd
Balance sheet - continued
as at 31 January 2026
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 29 October 2026 and signed on its behalf by:
Mr P Bartlett, Director Mrs M Bryant, Director
29 October 2026 29 October 2026
2
Waveney Wholesale Ltd
Notes to the financial statements
for the year ended 31 January 2026
1 Company information
Waveney Wholesale Ltd is a private company registered in England and Wales. Its registered number is 08211023. The company is limited by shares. Its registered office is Southwold Road Industrial Park, Southwold Road, Holton, Halesworth, Suffolk, IP19 8PW.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - Fully amortised
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Equipment - 15% reducing balance
Motor vehicles - 20% reducing balance
3
Waveney Wholesale Ltd
Notes to the financial statements - continued
for the year ended 31 January 2026
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 3 (2025 - 3).
4 Intangible assets
Goodwill
£
Cost
At 1 February 2025 30,368
At 31 January 2026 30,368
4
Waveney Wholesale Ltd
Notes to the financial statements - continued
for the year ended 31 January 2026
4 Intangible assets - continued
Amortisation
At 1 February 2025 30,368
At 31 January 2026 30,368
Net book value
At 31 January 2026 -
At 31 January 2025 -
5 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 1 February 2025 20,026
At 31 January 2026 20,026
Depreciation
At 1 February 2025 17,906
Charge for year 592
At 31 January 2026 18,498
Net book value
At 31 January 2026 1,528
At 31 January 2025 2,120
6 Debtors
2026 2025
£ £
Trade debtors 8,574 8,564
Directors' loan accounts 369 -
Taxation - 1,552
Other debtors 7,400 4,715
Prepayments and accrued income 5,156 4,699
21,499 19,530
5
Waveney Wholesale Ltd
Notes to the financial statements - continued
for the year ended 31 January 2026
7 Creditors: amounts falling due within one year
2026 2025
£ £
Trade creditors 1 1,320
Amounts owed to directors 5,563 6,742
Other creditors 382 992
Taxation 114 684
Social security and other tax 6,157 6,225
Accruals and deferred income 1,793 1,675
14,010 17,638
8 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025.
2026 2025
£ £
Mrs M J Bryant
Amounts advanced 369 -
Balance outstanding at end of year 369 -
The loan is unsecured and repayable on demand
6