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REGISTERED NUMBER: 00869127 (England and Wales)














Financial Statements

for the Year Ended 31 March 2023

for

Liverpool Water Witch Marine &
Engineering Company Limited

Liverpool Water Witch Marine &
Engineering Company Limited (Registered number: 00869127)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Liverpool Water Witch Marine &
Engineering Company Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs J Bamber
I R Caddick





REGISTERED OFFICE: Osprey House
Berry Street
Bootle
Merseyside
L20 8AT





REGISTERED NUMBER: 00869127 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

Liverpool Water Witch Marine &
Engineering Company Limited (Registered number: 00869127)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 195,583 205,940

CURRENT ASSETS
Stocks 49,488 52,906
Debtors 5 77,957 144,544
Cash at bank 145,334 112,456
272,779 309,906
CREDITORS
Amounts falling due within one year 6 33,140 18,991
NET CURRENT ASSETS 239,639 290,915
TOTAL ASSETS LESS CURRENT LIABILITIES 435,222 496,855

CAPITAL AND RESERVES
Called up share capital 7 130 130
Capital redemption reserve 119 119
Retained earnings 434,973 496,606
SHAREHOLDERS' FUNDS 435,222 496,855

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

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

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 20 November 2023 and were signed on its behalf by:



Mrs J Bamber - Director


Liverpool Water Witch Marine &
Engineering Company Limited (Registered number: 00869127)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Liverpool Water Witch Marine & Engineering Company Limited 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 represents the fair value of services provided under contracts with customers. Turnover is recognised when the goods are delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - over the term of the lease
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Boats & Equipment - 5% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. 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 or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Liverpool Water Witch Marine &
Engineering Company Limited (Registered number: 00869127)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2022
and 31 March 2023 199,123 87,339 15,479
DEPRECIATION
At 1 April 2022 9,937 82,818 14,878
Charge for year 2,489 4,287 571
At 31 March 2023 12,426 87,105 15,449
NET BOOK VALUE
At 31 March 2023 186,697 234 30
At 31 March 2022 189,186 4,521 601

Liverpool Water Witch Marine &
Engineering Company Limited (Registered number: 00869127)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS - continued

Motor Boats &
vehicles Equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 10,020 20,121 332,082
DEPRECIATION
At 1 April 2022 2,672 15,837 126,142
Charge for year 2,004 1,006 10,357
At 31 March 2023 4,676 16,843 136,499
NET BOOK VALUE
At 31 March 2023 5,344 3,278 195,583
At 31 March 2022 7,348 4,284 205,940

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 70,317 127,562
Directors' current accounts 4,995 5,547
Prepayments 2,645 11,435
77,957 144,544

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 13,014 11,182
Taxation and social security 16,289 4,437
Other creditors 3,837 3,372
33,140 18,991

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
30 Ordinary A £1 30 30
50 Ordinary B £1 50 50
50 Ordinary C £1 50 50
130 130

Liverpool Water Witch Marine &
Engineering Company Limited (Registered number: 00869127)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Mrs J Bamber
Balance outstanding at start of year 552 -
Amounts advanced 40,995 46,302
Amounts repaid (41,547 ) (45,750 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 552

I R Caddick
Balance outstanding at start of year 4,995 -
Amounts advanced 45,000 49,995
Amounts repaid (45,000 ) (45,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,995 4,995