Waves Of Lutterworth Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09074882 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2020

FOR

WAVES OF LUTTERWORTH LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Report of the Accountants

5

DIRECTORS:

A Thrasyvoulou

B J Singh

M A Tzirki

REGISTERED OFFICE:

573 Chester Road

Sutton Coldfield

West Midlands

B73 5HU

REGISTERED NUMBER:

09074882 (England and Wales)

ACCOUNTANTS:

A K Papadamou & Co

Accountants & Tax Advisors

573 Chester Road

Sutton Coldfield

West Midlands

B73 5HU

BANKERS:

Lloyds

2 George Row

Northampton

Northamptonshire

NN1 1DJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

34,373

37,514

34,373

37,514

CURRENT ASSETS

Debtors

6

6,032

6,916

Cash at bank

7,497

4,973

13,529

11,889

CREDITORS

Amounts falling due within one year

7

91,080

89,297

NET CURRENT LIABILITIES

(77,551

)

(77,408

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(43,178

)

(39,894

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(44,178

)

(40,894

)

SHAREHOLDERS' FUNDS

(43,178

)

(39,894

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2021 and were signed on its behalf by:

A Thrasyvoulou - Director

1.	STATUTORY INFORMATION

Waves Of Lutterworth Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2019

and 31 May 2020

50,285

AMORTISATION

At 1 June 2019

and 31 May 2020

50,285

NET BOOK VALUE

At 31 May 2020

-

At 31 May 2019

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

At 1 June 2019

and 31 May 2020

21,811

48,126

69,937

DEPRECIATION

At 1 June 2019

-

32,423

32,423

Charge for year

-

3,141

3,141

At 31 May 2020

-

35,564

35,564

NET BOOK VALUE

At 31 May 2020

21,811

12,562

34,373

At 31 May 2019

21,811

15,703

37,514

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

6,032

6,916

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

-

4,578

Other creditors

91,080

84,719

91,080

89,297

8.	ULTIMATE CONTROLLING PARTY

The company is under the direct control of Mr A Thrasyvoulou, Mr B J Singh & Mr M A Tzirki, company directors.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Waves of Lutterworth Limited for the year ended 31 May 2020 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the directors of Waves of Lutterworth Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Waves of Lutterworth Limited and state those matters that we have agreed to state to the directors of Waves of Lutterworth Limited. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its directors for our work or for this report.

It is your duty to ensure that Waves of Lutterworth Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Waves of Lutterworth Limited. You consider that Waves of Lutterworth Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Waves of Lutterworth Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

A K Papadamou & Co

Accountants & Tax Advisors

573 Chester Road

Sutton Coldfield

West Midlands

B73 5HU

21 May 2021