The 4th Wave Limited
The 4th Wave Limited
Registered number: 06799269
Unaudited ABRIDGED Financial Statements
For The Year Ended
30 September 2021
Philomena's Accountants & Tax Consultants Ltd
19 Stirlin Business Park
185 Sadler Road
Lincoln
Lincolnshire
LN6 3AF
The 4th Wave Limited
Unaudited Financial Statements
For The Year Ended
30 September 2021
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Abridged Balance Sheet | 1—2 |
| Notes to the Abridged Financial Statements | 3—4 |
The 4th Wave Limited
Abridged Balance Sheet
As at
30 September 2021
Abridged Balance Sheet
Registered number:
06799269
For the year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 September 2021 in accordance with section 444(2A) of the Companies Act 2006.
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| CURRENT ASSETS | |||||
| Debtors |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
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( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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( |
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| Creditors: Amounts Falling Due After More Than One Year | (18,296) | (25,000) | |||
| NET ASSETS/(LIABILITIES) |
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( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| Share premium account |
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| Profit and Loss Account |
( |
( |
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| SHAREHOLDERS' FUNDS | 12,511 | (86,870) | |||
The 4th Wave Limited
Abridged Balance Sheet (continued)
As at
30 September 2021
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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The notes on pages 3 to 4 form part of these financial statements.
The 4th Wave Limited
Notes to the Abridged Financial Statements
For The Year Ended
30 September 2021
Notes to the Abridged Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2020: 2)
3.
Intangible Assets
| Total | |||
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| £ | |||
| Cost | |||
| As at
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| As at
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| Amortisation | |||
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| Net Book Value | |||
| As at
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| As at
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The 4th Wave Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended
30 September 2021
4.
Tangible Assets
| Total | |
|---|---|
| £ | |
| Cost | |
| As at
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| As at
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| Depreciation | |
| As at
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| Provided during the period |
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| As at
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| Net Book Value | |
| As at
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| As at
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6.
General Information
The 4th Wave Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
06799269
. The registered office is 19 Stirlin Business Park, Sadler Road, Lincoln, Lincolnshire, LN6 3AF.