Caribe Wave Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 09641156 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Caribe Wave Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

Mrs T T Roux

J E Roux

SECRETARY:

Mrs T T Roux

REGISTERED OFFICE:

10 Compass Field

Hook

Hampshire

RG27 9SH

REGISTERED NUMBER:

09641156 (England and Wales)

ACCOUNTANTS:

Sherringtons

Chartered Certified Accountants

4 Millennium House

Priestley Road

Basingstoke

Hampshire

RG24 9GZ

The following reproduces the text of the report prepared for the directors and members 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 Balance Sheet. 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 Caribe Wave Limited for the year ended 31 March 2017 on pages four to eight from the

company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and

other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Caribe Wave Limited, as a body, in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Caribe Wave

Limited and state those matters that we have agreed to state to the Board of Directors of Caribe Wave Limited, as a

body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as

detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Caribe Wave 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 Caribe Wave

Limited. You consider that Caribe Wave 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 Caribe Wave 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.

Sherringtons

Chartered Certified Accountants

4 Millennium House

Priestley Road

Basingstoke

Hampshire

RG24 9GZ

12 June 2017

FIXED ASSETS

Tangible assets

4

1,385

678

CURRENT ASSETS

Debtors

5

10,708

6,033

Cash at bank

-

10

10,708

6,043

CREDITORS

Amounts falling due within one year

6

(11,697

)

(6,446

)

NET CURRENT LIABILITIES

(989

)

(403

)

TOTAL ASSETS LESS CURRENT LIABILITIES

396

275

PROVISIONS FOR LIABILITIES

(277

)

-

NET ASSETS

119

275

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

19

175

SHAREHOLDERS' FUNDS

119

275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 12 June 2017 and were signed on its behalf by:

J E Roux - Director

1.	STATUTORY INFORMATION

Caribe Wave 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 and accounting convention

The financial statements have been prepared on a going concern basis which assumes the continued support of

the company's directors and creditors.

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities"

of Financial reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of

Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost

convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

have been enacted or substantively enacted by the year end 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 probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2016

1,017

Additions

1,569

At 31 March 2017

2,586

DEPRECIATION

At 1 April 2016

339

Charge for year

862

At 31 March 2017

1,201

NET BOOK VALUE

At 31 March 2017

1,385

At 31 March 2016

678

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

677

Other debtors

10,708

5,356

10,708

6,033

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

4,894

-

Taxation and social security

5,903

5,072

Other creditors

900

1,374

11,697

6,446

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J E Roux.