2022-06-01 SC295178 2023-05-31 SC295178 2022-06-01 2023-05-31 SC295178 2022-05-31 SC295178 2021-06-01 2022-05-31 SC295178 uk-core:WithinOneYear 2022-05-31 SC295178 uk-core:WithinOneYear 2023-05-31 SC295178 uk-core:AfterOneYear 2022-05-31 SC295178 uk-core:AfterOneYear 2023-05-31 SC295178 uk-core:ShareCapital 2023-05-31 SC295178 uk-core:ShareCapital 2022-05-31 SC295178 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 SC295178 uk-core:RetainedEarningsAccumulatedLosses 2022-05-31 SC295178 uk-bus:Director1 2022-06-01 2023-05-31 SC295178 uk-bus:Director2 2022-06-01 2023-05-31 SC295178 uk-core:InvestmentPropertyIncludedWithinPPE 2022-06-01 2023-05-31 SC295178 uk-core:ToolsEquipment 2022-06-01 2023-05-31 SC295178 uk-core:MotorVehicles 2022-06-01 2023-05-31 SC295178 uk-core:FurnitureFittings 2022-06-01 2023-05-31 SC295178 uk-core:Goodwill 2022-05-31 SC295178 uk-core:Goodwill 2023-05-31 SC295178 uk-core:ToolsEquipment 2022-05-31 SC295178 uk-core:FurnitureFittings 2022-05-31 SC295178 uk-core:MotorVehicles 2022-05-31 SC295178 uk-core:InvestmentPropertyIncludedWithinPPE 2022-05-31 SC295178 uk-core:MotorVehicles 2023-05-31 SC295178 uk-core:FurnitureFittings 2023-05-31 SC295178 uk-core:ToolsEquipment 2023-05-31 SC295178 uk-core:InvestmentPropertyIncludedWithinPPE 2023-05-31 SC295178 uk-core:WithinOneYear uk-core:Secured 2023-05-31 SC295178 uk-core:WithinOneYear uk-core:Secured 2022-05-31 iso4217:GBP xbrli:pure SC295178 uk-bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 SC295178 uk-bus:FRS102 2022-06-01 2023-05-31 SC295178 uk-bus:FullAccounts 2022-06-01 2023-05-31 SC295178 uk-bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31
Waterflow Bathrooms Ltd
Registered Number:SC295178
For the year ended 31 May 2023
Scotland
Unaudited Financial Statements
2
Registered Number :
SC295178
As at 31 May 2023
Waterflow Bathrooms Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
6,299
8,399
3
6,299
8,399
Current assets
Inventories
24,365
35,420
4
Trade and other receivables
18,349
8,818
5
90,415
Cash and cash equivalents
97,836
142,074
133,129
Trade and other payables: amounts falling due within one year
(90,751)
(120,291)
6
42,378
21,783
Net current assets
Total assets less current liabilities
28,082
50,777
Trade and other payables: amounts falling due after more than one year
(28,267)
(19,390)
7
(663)
(663)
Provisions for liabilities
8,029
Net assets
21,847
Capital and reserves
Called up share capital
100
100
Retained earnings
7,929
21,747
8,029
21,847
Shareholders' funds
For the year ended 31 May 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Stewart McConnachie Director
Neil Thomson Director
These financial statements were approved and authorised for issue by the Board on 07 March 2024 and were signed by:
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3
Registered Number :
SC295178
For the year ended 31 May 2023
Waterflow Bathrooms Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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4
For the year ended 31 May 2023
Waterflow Bathrooms Ltd
Notes to the Financial Statements
Statutory Information
Waterflow Bathrooms Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number SC295178.
Registered address:
Unit 3, Nappers Mews
15 Kirk Street
Dundee
DD2 3UY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Showroom
25% Reducing balance
33% Straight line
Computer equipment
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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For the year ended 31 May 2023
Waterflow Bathrooms Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 June 2022
25,000
At 31 May 2023
25,000
Amortisation
At 01 June 2022
25,000
At 31 May 2023
25,000
Net book value
At 31 May 2023
-
At 31 May 2022
-
3. Property, plant and equipment
Total
Computer
equipment
Fixtures & fittings
Motor vehicles
Showroom
£
£
£
£
£
Cost or valuation
At 01 June 2022
45,709
1,722
4,089
34,508
5,390
At 31 May 2023
34,508
4,089
1,722
45,709
5,390
Provision for depreciation and impairment
At 01 June 2022
37,310
1,722
3,609
27,529
4,450
Charge for year
2,100
-
120
1,745
235
At 31 May 2023
39,410
1,722
3,729
29,274
4,685
At 31 May 2023
Net book value
705
5,234
360
-
6,299
At 31 May 2022
940
6,979
480
-
8,399
4. Inventories
2022
2023
£
£
Stocks
35,420
24,365
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For the year ended 31 May 2023
Waterflow Bathrooms Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2022
2023
£
£
Trade debtors
5,362
14,893
Other debtors
3,456
3,456
18,349
8,818
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
9,584
9,584
Trade creditors
39,066
41,928
Taxation and social security
55,216
31,213
Other creditors
16,425
8,026
120,291
90,751
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
19,390
28,267
8. Average number of persons employed
During the year the average number of employees was 5 (2022 : 5)
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