Wave Science Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05283581 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Wave Science Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D R Errock

REGISTERED OFFICE:

Liberty House

222 Regent Street

London

W1B 5TR

REGISTERED NUMBER:

05283581 (England and Wales)

ACCOUNTANTS:

Harrison North

Liberty House

222 Regent Street

London

W1B 5TR

FIXED ASSETS

Tangible assets

4

2,973

1,944

CURRENT ASSETS

Debtors

5

67,445

202,483

Cash at bank

250,699

61,061

318,144

263,544

CREDITORS

Amounts falling due within one year

6

137,944

164,606

NET CURRENT ASSETS

180,200

98,938

TOTAL ASSETS LESS CURRENT LIABILITIES

183,173

100,882

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

182,973

100,682

SHAREHOLDERS' FUNDS

183,173

100,882

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 director acknowledges his 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 director on 17 August 2017 and were signed by:

D R Errock - Director

1.	STATUTORY INFORMATION

Wave Science 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 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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% 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 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 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

53,124

Additions

2,235

At 31 March 2017

55,359

DEPRECIATION

At 1 April 2016

51,180

Charge for year

1,206

At 31 March 2017

52,386

NET BOOK VALUE

At 31 March 2017

2,973

At 31 March 2016

1,944

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

64,210

199,181

Other debtors

3,235

3,302

67,445

202,483

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

4,121

-

Taxation and social security

61,152

39,683

Other creditors

72,671

124,923

137,944

164,606