ACCOUNTS - Accounts

ACCOUNTS - Accounts

WAVEPOINT LONDON LIMITED - Company Information

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05244324 WAVEPOINT LONDON LIMITED 2014-10-01 2015-09-30 false true 2015-09-30true 05244324 2014-10-01 2015-09-30 05244324 2015-09-30 05244324 2014-09-30 05244324 c:OrdinaryShareClass1 2015-09-30 05244324 c:OrdinaryShareClass1 2014-09-30 05244324 c:OrdinaryShareClass1 2014-10-01 2015-09-30 05244324 c:Director2 2014-10-01 2015-09-30 05244324 c:EntityAccountantsOrAuditors 2015-09-30 05244324 d:ComputerEquipment 2014-10-01 2015-09-30 05244324 c:EntityAccountantsOrAuditors 2014-10-01 2015-09-30 xbrli:shares iso4217:GBP

Registered number: 05244324








WAVEPOINT LONDON LIMITED







UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015
































BAGINSKY COHEN
CHARTERED ACCOUNTANTS


 
WAVEPOINT LONDON LIMITED
 
 
The following reproduces the text of the Chartered accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WAVEPOINT LONDON LIMITED
FOR THE YEAR ENDED 30 SEPTEMBER 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wavepoint London Limited for the year ended 30 September 2015 which comprise the Profit and loss account, the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
 

As a 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 at icaew.com/regulations.


This report is made solely to the Board of directors of Wavepoint London Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Wavepoint London Limited and state those matters that we have agreed to state to the Board of directors of Wavepoint London Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wavepoint London Limited and its Board of directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that Wavepoint London Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the company's assets, liabilities, financial position and loss. You consider that Wavepoint London Limited is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Wavepoint London 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.





BAGINSKY COHEN
CHARTERED ACCOUNTANTS
930 HIGH ROAD
LONDON
N12 9RT

17 May 2016
Page 1
 
WAVEPOINT LONDON LIMITED
REGISTERED NUMBER: 05244324

ABBREVIATED BALANCE SHEET
AS AT 30 SEPTEMBER 2015

2015
2014
Note
£
£
£
£
 
FIXED ASSETS





 
Tangible assets
 
2
102
136
 
CURRENT ASSETS





 
Debtors
42,602
42,077

 
Cash at bank

38,954
42,870







 
81,556
84,947
 
CREDITORS: amounts falling due within one year
(4,858)
(5,306)
 
NET CURRENT ASSETS


76,698

79,641
 
TOTAL ASSETS LESS CURRENT LIABILITIES
 76,800

 79,777
  
CAPITAL AND RESERVES

 
Called up share capital
3
400
400
 
Profit and loss account
76,400
79,377
 
SHAREHOLDERS' FUNDS
 

 76,800

 79,777


The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The abbreviated accounts, which have been prepared in accordance with the provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 17 May 2016.





S. HIBBERT
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
WAVEPOINT LONDON LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with applicable accounting standards.

1.2
Cash flow

The company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.3
Tangible fixed assets and depreciation

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:

Computer equipment
-
25% reducing balance

1.4
Turnover

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


2.TANGIBLE FIXED ASSETS



£


Cost 



At 1 October 2014 and 30 September 2015

573



Depreciation


At 1 October 2014
437

Charge for the year
34


At 30 September 2015

471




Net book value


At 30 September 2015
 102


At 30 September 2014

 136


3.SHARE CAPITAL
        2015
        2014
        £

        £

Authorised



10,000 Ordinary shares of £1 each
 10,000
 10,000

Allotted, called up and fully paid



400 Ordinary shares of £1 each
 400
 400
Page 3

 
WAVEPOINT LONDON LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015

3.SHARE CAPITAL (continued)


Page 4