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REGISTERED NUMBER: 11863986 (England and Wales)











Financial Statements

for the Year Ended 31st March 2023

for

WATERADE LTD

WATERADE LTD (REGISTERED NUMBER: 11863986)






Contents of the Financial Statements
for the year ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WATERADE LTD

Company Information
for the year ended 31st March 2023







DIRECTORS: K W Jeffries
Mrs R L Jeffries
C G Watkins





REGISTERED OFFICE: Toat Copse
Bashurst Hill
Itchingfield
West Sussex
RH13 0PA





REGISTERED NUMBER: 11863986 (England and Wales)





ACCOUNTANTS: Cheeld Wheeler & Co
Chartered Certified Accountants
Redhill Chambers
2d High Street
Redhill
Surrey
RH1 1RJ

WATERADE LTD (REGISTERED NUMBER: 11863986)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 147 294
Tangible assets 5 24,982 519
25,129 813

CURRENT ASSETS
Stocks 6 46,379 31,264
Debtors 7 89,076 82,627
Cash at bank 59,395 452,515
194,850 566,406
CREDITORS
Amounts falling due within one year 8 206,760 113,990
NET CURRENT (LIABILITIES)/ASSETS (11,910 ) 452,416
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,219

453,229

PROVISIONS FOR LIABILITIES 4,747 -
NET ASSETS 8,472 453,229

CAPITAL AND RESERVES
Called up share capital 9 100 2
Retained earnings 8,372 453,227
SHAREHOLDERS' FUNDS 8,472 453,229

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

WATERADE LTD (REGISTERED NUMBER: 11863986)

Balance Sheet - continued
31st March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd September 2023 and were signed on its behalf by:




K W Jeffries - Director



C G Watkins - Director


WATERADE LTD (REGISTERED NUMBER: 11863986)

Notes to the Financial Statements
for the year ended 31st March 2023

1. STATUTORY INFORMATION

Waterade Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current tax only. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

WATERADE LTD (REGISTERED NUMBER: 11863986)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1st April 2022
and 31st March 2023 735
AMORTISATION
At 1st April 2022 441
Amortisation for year 147
At 31st March 2023 588
NET BOOK VALUE
At 31st March 2023 147
At 31st March 2022 294

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st April 2022 - 923 923
Additions 25,441 - 25,441
At 31st March 2023 25,441 923 26,364
DEPRECIATION
At 1st April 2022 - 404 404
Charge for year 848 130 978
At 31st March 2023 848 534 1,382
NET BOOK VALUE
At 31st March 2023 24,593 389 24,982
At 31st March 2022 - 519 519

6. STOCKS
2023 2022
£    £   
Stocks 46,379 31,264

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 83,416 77,048
Other debtors 50 -
Prepayments 5,610 5,579
89,076 82,627

WATERADE LTD (REGISTERED NUMBER: 11863986)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to associates 29 29
Tax 23,655 27,015
Social security and other taxes 145 145
VAT 61,181 51,113
Directors' current accounts 79,952 8,193
Deferred income 39,698 25,545
Accrued expenses 2,100 1,950
206,760 113,990

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A £1 50 2
50 Ordinary B £1 50 -
100 2

10. RELATED PARTY DISCLOSURES

The Ordinary "B " shares are held by Quo Capital Limited, and company in which Mr Watkins is a director and shareholder. The company is incorporated in England & Wales.

The company has paid rent of £9,000 to Mr Watkins and £9,000 to Mr and Mrs Jeffries.