Registered Number:SC295178 |
For the year ended 31 May 2023
Scotland
Unaudited Financial Statements
Waterflow Bathrooms Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
6,299
8,399
3
6,299
8,399
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
100
100
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 |
These financial statements were approved and authorised for issue by the Board on 07 March 2024 and were signed by: |
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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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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. |
Unit 3, Nappers Mews
15 Kirk Street
Dundee
DD2 3UY
The presentation currency is £ sterling. |
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
Computer equipment
Motor vehicles
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
25,000
25,000
25,000
25,000
-
-
3. Property, plant and equipment |
Fixtures & fittings
Motor vehicles
Showroom
45,709
1,722
4,089
34,508
5,390
34,508
4,089
1,722
45,709
5,390
Provision for depreciation and impairment |
37,310
1,722
3,609
27,529
4,450
Charge for year
2,100
-
120
1,745
235
39,410
1,722
3,729
29,274
4,685
705
5,234
360
-
6,299
940
6,979
480
-
8,399
2022
2023
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
5,362
14,893
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
39,066
41,928
Taxation and social security |
55,216
31,213
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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