Registered number
05508263
Dunley Water Company Limited (by guarantee)
Report and Accounts
31 July 2023
Dunley Water Company Limited (by guarantee)
Registered number: 05508263
Directors' Report
The directors present their report and accounts for the year ended 31 July 2023.
Principal activities
The company's principal activity during the year continued to be the maintenance and management of the private water supply to the houses and cottages around Dunley in Hampshire.
Directors
The following persons served as directors during the year:
AHWV Murray
JE Mundy
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 10 October 2023 and signed on its behalf.
AHWV Murray
Director
Dunley Water Company Limited (by guarantee)
Profit and Loss Account
for the year ended 31 July 2023
2023 2022
£ £
Turnover 7,040 8,095
Cost of sales (2,562) (1,982)
Gross profit 4,478 6,113
Administrative expenses (1,920) (4,547)
Operating profit 2,558 1,566
Profit before taxation 2,558 1,566
Tax on profit - -
Profit for the financial year 2,558 1,566
Dunley Water Company Limited (by guarantee)
Registered number: 05508263
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4,998 480
Current assets
Debtors 4 4,382 3,449
Cash at bank and in hand 21,092 23,437
25,474 26,886
Creditors: amounts falling due within one year 5 (3,333) (2,785)
Net current assets 22,141 24,101
Net assets 27,139 24,581
Capital and reserves
Called up share capital 13 13
Share premium 57,987 57,987
Profit and loss account (30,861) (33,419)
Shareholders' funds 27,139 24,581
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.
AHWV Murray
Director
Approved by the board on 10 October 2023
Dunley Water Company Limited (by guarantee)
Statement of Changes in Equity
for the year ended 31 July 2023
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 August 2021 13 57,987 - (34,985) 23,015
Profit for the financial year 1,566 1,566
At 31 July 2022 13 57,987 - (33,419) 24,581
At 1 August 2022 13 57,987 - (33,419) 24,581
Profit for the financial year 2,558 2,558
At 31 July 2023 13 57,987 - (30,861) 27,139
Dunley Water Company Limited (by guarantee)
Notes to the Accounts
for the year ended 31 July 2023
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant and machinery over 5 years
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 45,855
Additions 5,880
At 31 July 2023 51,735
Depreciation
At 1 August 2022 45,375
Charge for the year 1,362
At 31 July 2023 46,737
Net book value
At 31 July 2023 4,998
At 31 July 2022 480
4 Debtors 2023 2022
£ £
Trade debtors 4,382 3,449
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 3,481 2,838
Taxation and social security costs (148) (53)
3,333 2,785
6 Related party transactions
2023 2022
£ £
AHWV Murray
Amounts charged by the company - - 757 646
Amounts outstanding at 31st July - - 399 341
JE Mundy
Amounts charged by the company - - 285 278
Amounts outstanding at 31st July - - 158 160
AHWV Murray
Administrative and accounting services - - 450 450
Amounts due from company at 31st July - - - 286
238
JE Mundy
Administrative and contracting services - - 600 600
Amounts due from company at 31st July - - 300 400
- - 3,187 3,161
7 Other information
Dunley Water Company Limited (by guarantee) is a private company limited by shares and incorporated in England. Its registered office is:
Dunley Courtyard
Dunley
Whitchurch
Hampshire
RG28 7PU
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