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Company Registration No. 3811615 (England and Wales)
Waterlife Ltd Unaudited accounts for the year ended 30 September 2023
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Waterlife Ltd for the year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Waterlife Ltd for the year ended 30 September 2023 as set out on pages 3 - 5 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Waterlife Ltd, as a body, in accordance with the terms of our engagement letter dated 3 August 2022. Our work has been undertaken solely to prepare for your approval the accounts of Waterlife Ltd and state those matters that we have agreed to state to the Board of Directors of Waterlife Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Waterlife Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Waterlife Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Waterlife Ltd. You consider that Waterlife Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Waterlife Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Lewis Associates Chartered Certified Accountants 75 Coniston Gardens London NW9 0BA 30 January 2024
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Waterlife Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
339,469 
362,804 
Current assets
Inventories
23,807 
25,374 
Debtors
398,380 
395,749 
Cash at bank and in hand
649 
250 
422,836 
421,373 
Creditors: amounts falling due within one year
(379,827)
(357,307)
Net current assets
43,009 
64,066 
Total assets less current liabilities
382,478 
426,870 
Creditors: amounts falling due after more than one year
(196,719)
(208,333)
Net assets
185,759 
218,537 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
185,559 
218,337 
Shareholders' funds
185,759 
218,537 
For the year ending 30 September 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 January 2024 and were signed on its behalf by
R D Hopkins Director Company Registration No. 3811615
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Waterlife Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Waterlife Ltd is a private company, limited by shares, registered in England and Wales, registration number 3811615. The registered office is 75 Coniston Gardens, London, NW9 0BA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
20% straight line
Motor vehicles
20% straight line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2022
458,743 
97,690 
70,800 
627,233 
At 30 September 2023
458,743 
97,690 
70,800 
627,233 
Depreciation
At 1 October 2022
110,100 
97,689 
56,640 
264,429 
Charge for the year
9,175 
- 
14,160 
23,335 
At 30 September 2023
119,275 
97,689 
70,800 
287,764 
Net book value
At 30 September 2023
339,468 
1 
- 
339,469 
At 30 September 2022
348,643 
1 
14,160 
362,804 
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Waterlife Ltd Notes to the Accounts for the year ended 30 September 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
398,380 
395,749 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
174,741 
54,039 
Trade creditors
83,404 
127,273 
Taxes and social security
73,453 
86,922 
Other creditors
48,229 
89,073 
379,827 
357,307 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
196,719 
208,333 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares A of £1 each
100 
100 
100 Ordinary shares B of £1 each
100 
100 
200 
200 
9
Average number of employees
During the year the average number of employees was 15 (2022: 16).
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