Registered number
03822759
Water Management Solutions UK Ltd
Unaudited Filleted Accounts
31 January 2022
Water Management Solutions UK Ltd
Registered number: 03822759
Balance Sheet
as at 31 January 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 318 348
Current assets
Stocks 115,728 407,067
Debtors 4 151,226 111,921
Cash at bank and in hand 275,022 201,004
541,976 719,992
Creditors: amounts falling due within one year 5 (147,366) (376,322)
Net current assets 394,610 343,670
Net assets 394,928 344,018
Capital and reserves
Called up share capital 100 100
Profit and loss account 394,828 343,918
Shareholders' funds 394,928 344,018
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit 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 accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C Perry
Director
Approved by the board on 1 September 2022
Water Management Solutions UK Ltd
Notes to the Accounts
for the year ended 31 January 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by reference to the claims submission status.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
Work in progress
Work in progress is the estimated calue of the work based on its stage of completion at the year end.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2021 3,788
Additions 75
At 31 January 2022 3,863
Depreciation
At 1 February 2021 3,440
Charge for the year 105
At 31 January 2022 3,545
Net book value
At 31 January 2022 318
At 31 January 2021 348
4 Debtors 2022 2021
£ £
Trade debtors 151,226 111,921
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 71,738 54,522
Taxation and social security costs 36,998 41,895
Other creditors 38,630 279,905
147,366 376,322
6 Related party transactions
Included in Other creditors is an amount of £294 owed to the director (2021 £432).
7 Other information
Water Management Solutions UK Ltd is a private company limited by shares and incorporated in England. Its registered office is:
118 High Street
Staple Hill
Bristol
BS16 5HH
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