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REGISTERED NUMBER: 06839512 (England and Wales)










Financial Statements

for the Year Ended 30 April 2023

for

Waterjet Precision UK Limited

Waterjet Precision UK Limited (Registered number: 06839512)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Waterjet Precision UK Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: M J Harper
Mrs G A Harper
S M Beresford





SECRETARY: Mrs G A Harper





REGISTERED OFFICE: Harbrook House
Wrexham Road
Burland
Nantwich
Cheshire
CW5 8ND





REGISTERED NUMBER: 06839512 (England and Wales)





ACCOUNTANTS: John Greenall & Co Limited
20 Crewe Road
Sandbach
Cheshire
CW11 4NE

Waterjet Precision UK Limited (Registered number: 06839512)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 82,785 99,456

CURRENT ASSETS
Debtors 5 299,783 313,281
Cash at bank 1,672 7,807
301,455 321,088
CREDITORS
Amounts falling due within one year 6 149,266 144,653
NET CURRENT ASSETS 152,189 176,435
TOTAL ASSETS LESS CURRENT
LIABILITIES

234,974

275,891

CREDITORS
Amounts falling due after more than one
year

7

(28,828

)

(53,583

)

PROVISIONS FOR LIABILITIES (15,729 ) (18,897 )
NET ASSETS 190,417 203,411

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 190,317 203,311
SHAREHOLDERS' FUNDS 190,417 203,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Waterjet Precision UK Limited (Registered number: 06839512)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:





M J Harper - Director


Waterjet Precision UK Limited (Registered number: 06839512)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Waterjet Precision UK 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Office equipment - 33% on reducing balance

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 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2022
and 30 April 2023 173,794 38,000 2,654 214,448
DEPRECIATION
At 1 May 2022 91,186 21,969 1,837 114,992
Charge for year 12,391 4,008 272 16,671
At 30 April 2023 103,577 25,977 2,109 131,663
NET BOOK VALUE
At 30 April 2023 70,217 12,023 545 82,785
At 30 April 2022 82,608 16,031 817 99,456

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 256,783 285,781
Other debtors 43,000 27,500
299,783 313,281

Waterjet Precision UK Limited (Registered number: 06839512)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 19,749 45,204
Hire purchase contracts 6,600 6,600
Trade creditors 9,299 6,981
Taxation and social security 49,838 48,628
Other creditors 63,780 37,240
149,266 144,653

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans 23,328 41,483
Hire purchase contracts 5,500 12,100
28,828 53,583

8. RELATED PARTY DISCLOSURES

The company is owned by Mr and Mrs MJ Harper, who are directors in the business known as Harbrook Engineering Limited. During the year, the company invoiced sales to Harbrook Engineering Limited totalling £111500 (2022 £105000), and received services from the same business totalling £72000 (2022 £72000).
At the year end, the company were owed a net amount by Harbrook Engineering Limited of £313800 (2022
£306500)
All transactions were performed at arm's length and at commercial rates.