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WATER ENGINEERING SERVICES LIMITED

Registered Number
11282619
(England and Wales)

Unaudited Financial Statements for the Year ended
30 March 2023

WATER ENGINEERING SERVICES LIMITED
Company Information
for the year from 31 March 2022 to 30 March 2023

Directors

Daniel Bolton
Thomas Murphy

Registered Address

Unit 2 Craven Street
Fairfield
Bury
BL9 7PP

Registered Number

11282619 (England and Wales)
WATER ENGINEERING SERVICES LIMITED
Balance Sheet as at
30 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets195,232256,992
195,232256,992
Current assets
Stocks5818,014859,848
Debtors61,312,090856,445
Cash at bank and on hand168,18858,763
2,298,2921,775,056
Creditors amounts falling due within one year7(1,472,143)(1,386,109)
Net current assets (liabilities)826,149388,947
Total assets less current liabilities1,021,381645,939
Creditors amounts falling due after one year8(478,284)(175,207)
Net assets543,097470,732
Capital and reserves
Called up share capital1010
Profit and loss account543,087470,722
Shareholders' funds543,097470,732
The financial statements were approved and authorised for issue by the Board of Directors on 13 October 2023, and are signed on its behalf by:
Daniel Bolton
Director
Registered Company No. 11282619
WATER ENGINEERING SERVICES LIMITED
Notes to the Financial Statements
for the year ended 30 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
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.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Land and buildings4
Plant and machinery4
Fixtures and fittings3
Vehicles4
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year3327
5.Stocks

2023

2022

££
Work in progress818,014859,848
Total818,014859,848
6.Debtors

2023

2022

££
Trade debtors / trade receivables790,910404,927
Other debtors204,130210,641
Prepayments and accrued income317,05015,924
Amounts owed by group undertakings (Non-current)-224,953
Total1,312,090856,445
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.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables804,377827,533
Bank borrowings and overdrafts580,162496,816
Taxation and social security57,34540,719
Accrued liabilities and deferred income30,25921,041
Total1,472,1431,386,109
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.
8.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts284,91148,333
Amounts owed to related parties19,426-
Other creditors173,947126,874
Total478,284175,207
9.Finance lease and HP contracts after one year

2023

2022

££
Finance lease and HP contracts173,947126,874