Abbreviated Company Accounts - NWAVE TECHNOLOGIES LTD

NWAVE TECHNOLOGIES LTD - Company Information

08905612 NWAVE TECHNOLOGIES LTD 2016-02-28 false 2015-03-01 2016-02-28 true 08905612 2015-03-01 2016-02-28 08905612 2016-02-28 08905612 2015-02-28 08905612 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-28 08905612 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 08905612

NWAVE TECHNOLOGIES LTD

Abbreviated Accounts

28 February 2016

NWAVE TECHNOLOGIES LTD Registered Number 08905612

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,301	-
		1,301	-
Current assets
Debtors		16,418	3,641
Cash at bank and in hand		40,978	34,538
		57,396	38,179
Creditors: amounts falling due within one year		(15,667)	(2,397)
Net current assets (liabilities)		41,729	35,782
Total assets less current liabilities		43,030	35,782
Creditors: amounts falling due after more than one year		(41,607)	(39,150)
Total net assets (liabilities)		1,423	(3,368)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		1,323	(3,468)
Shareholders' funds		1,423	(3,368)

For the year ending 28 February 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 November 2016

And signed on their behalf by:
Yury Birchenko, Director

NWAVE TECHNOLOGIES LTD Registered Number 08905612

Notes to the Abbreviated Accounts for the period ended 28 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.
Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that they consider that the going concern basis remains appropriate. The directors regard the going concern basis remains appropriate as the Company has adequate resources via its holding company to continue in operational existence for the foreseeable future.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Office equipment - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 March 2015	-
Additions	1,735
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	1,735
Depreciation
At 1 March 2015	-
Charge for the year	434
On disposals	-
At 28 February 2016	434
Net book values
At 28 February 2016	1,301
At 28 February 2015	-

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100