Waves Of Lutterworth Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09074882 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017

FOR

WAVES OF LUTTERWORTH LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

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

Chartered Accountants

573 Chester Road

Sutton Coldfield

West Midlands

B73 5HU

BANKERS:

Lloyds

2 George Row

Northampton

Northamptonshire

NN1 1DJ

FIXED ASSETS

Intangible assets

4

20,114

30,171

Tangible assets

5

47,184

53,527

67,298

83,698

CURRENT ASSETS

Debtors

6

6,457

5,519

Cash at bank

2,839

6,218

9,296

11,737

CREDITORS

Amounts falling due within one year

7

95,683

87,153

NET CURRENT LIABILITIES

(86,387

)

(75,416

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(19,089

)

8,282

CREDITORS

Amounts falling due after more than one year

8

16,079

26,038

NET LIABILITIES

(35,168

)

(17,756

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(36,168

)

(18,756

)

SHAREHOLDERS' FUNDS

(35,168

)

(17,756

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 22 February 2018 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 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 sales of goods and services provided, excluding Value Added Tax. These are recognised at

the point of delivery to the customer.

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 3 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2016

and 31 May 2017

50,285

AMORTISATION

At 1 June 2016

20,114

Amortisation for year

10,057

At 31 May 2017

30,171

NET BOOK VALUE

At 31 May 2017

20,114

At 31 May 2016

30,171

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

At 1 June 2016

and 31 May 2017

21,811

48,963

70,774

DEPRECIATION

At 1 June 2016

-

17,247

17,247

Charge for year

-

6,343

6,343

At 31 May 2017

-

23,590

23,590

NET BOOK VALUE

At 31 May 2017

21,811

25,373

47,184

At 31 May 2016

21,811

31,716

53,527

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

6,457

5,519

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

9,550

9,600

Trade creditors

1

-

Other creditors

86,132

77,553

95,683

87,153

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

16,079

26,038

9.	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 2017 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.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Waves Of Lutterworth 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 Waves Of Lutterworth Limited and state those matters that we have agreed to state to the Board of Directors of Waves Of Lutterworth Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Waves Of Lutterworth Limited and its Board of Directors, as a body, 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 loss 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

Chartered Accountants

573 Chester Road

Sutton Coldfield

West Midlands

B73 5HU

22 February 2018