ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

WAVENEY ELECTRONIC LEAK DETECTION SERVICES LTD - Company Information

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Caseware UK (AP4) 2020.0.247 2020.0.247 2020-10-312020-10-312021-05-12truefalsetrue2019-05-01The principal activity of the Company during the year continued to be the provision of specialist leak detection services.00The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10130564 2019-05-01 2020-10-31 10130564 2018-05-01 2019-04-30 10130564 2020-10-31 10130564 2019-04-30 10130564 c:Director1 2019-05-01 2020-10-31 10130564 d:CurrentFinancialInstruments 2020-10-31 10130564 d:CurrentFinancialInstruments 2019-04-30 10130564 d:CurrentFinancialInstruments d:WithinOneYear 2020-10-31 10130564 d:CurrentFinancialInstruments d:WithinOneYear 2019-04-30 10130564 d:ShareCapital 2020-10-31 10130564 d:ShareCapital 2019-04-30 10130564 d:RetainedEarningsAccumulatedLosses 2020-10-31 10130564 d:RetainedEarningsAccumulatedLosses 2019-04-30 10130564 c:OrdinaryShareClass1 2019-05-01 2020-10-31 10130564 c:OrdinaryShareClass1 2020-10-31 10130564 c:FRS102 2019-05-01 2020-10-31 10130564 c:AuditExempt-NoAccountantsReport 2019-05-01 2020-10-31 10130564 c:FullAccounts 2019-05-01 2020-10-31 10130564 c:PrivateLimitedCompanyLtd 2019-05-01 2020-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10130564









WAVENEY ELECTRONIC LEAK DETECTION SERVICES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2020
 
WAVENEY ELECTRONIC LEAK DETECTION SERVICES LTD
 

CONTENTS



Page
Balance Sheet
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 5

 
WAVENEY ELECTRONIC LEAK DETECTION SERVICES LTD
REGISTERED NUMBER: 10130564

BALANCE SHEET
AS AT 31 OCTOBER 2020

31 October
30 April
2020
2019
Note
£
£

  

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 4 
2,806
3,395

Cash at bank and in hand
  
214
472

  
3,020
3,867

Creditors: amounts falling due within one year
 5 
(980)
(1,506)

NET CURRENT ASSETS
  
 
 
2,040
 
 
2,361

TOTAL ASSETS LESS CURRENT LIABILITIES
  
2,040
2,361

  

NET ASSETS
  
2,040
2,361


CAPITAL AND RESERVES
  

Called up share capital 
 6 
2
2

Profit and loss account
  
2,038
2,359

  
2,040
2,361


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 period 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 profit and loss account or the directors' report in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1
 
WAVENEY ELECTRONIC LEAK DETECTION SERVICES LTD
REGISTERED NUMBER: 10130564
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2020

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






Mr D T Liles
Director

Date: 12 May 2021


The notes on pages 3 to 5 form part of these financial statements.

Page 2
 
WAVENEY ELECTRONIC LEAK DETECTION SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2020

1.


GENERAL INFORMATION

The Company is a private company limited by shares and incorporated in England and Wales.  Its registered office address is 7 Tubby Walk, Lowestoft, Suffolk, NR32 4GY.
The Company's functional and presentational currency is GBP.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover comprises revenue recognised by the Company in respect of services supplied during the period, exclusive of Value Added Tax.  Revenue is recognised as the fair value of the consideration received or receivable and is recognised in the period to which the service relates.

 
2.3

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences.  Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

DEBTORS

Short term debtors are measured at transaction price, less any impairment.

Page 3
 
WAVENEY ELECTRONIC LEAK DETECTION SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2020

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

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.

 
2.6

CREDITORS

Short term creditors are measured at the transaction price. Other financial liabilities 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 period was 0 (2019 - 0).


4.


DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31 October
30 April
2020
2019
£
£


Trade debtors
900
600

Other debtors
1,904
1,858

Called up share capital not paid
2
2

Prepayments and accrued income
-
935

2,806
3,395



5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31 October
30 April
2020
2019
£
£

Corporation tax
-
58

Other taxation and social security
-
298

Accruals and deferred income
980
1,150

980
1,506


Page 4
 
WAVENEY ELECTRONIC LEAK DETECTION SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2020

6.


SHARE CAPITAL

31 October
30 April
2020
2019
£
£
ALLOTTED, CALLED UP AND UNPAID



2 Ordinary shares of £1.00 each
2
2


 
Page 5