IRIS Accounts Production v24.1.4.33 11725540 director 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary shares 1.00000 Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh117255402022-12-31117255402023-12-31117255402023-01-012023-12-31117255402021-12-31117255402022-01-012022-12-31117255402022-12-3111725540ns15:EnglandWales2023-01-012023-12-3111725540ns14:PoundSterling2023-01-012023-12-3111725540ns10:Director12023-01-012023-12-3111725540ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3111725540ns10:SmallEntities2023-01-012023-12-3111725540ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3111725540ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3111725540ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3111725540ns10:FullAccounts2023-01-012023-12-3111725540ns10:OrdinaryShareClass12023-01-012023-12-3111725540ns10:RegisteredOffice2023-01-012023-12-3111725540ns5:CurrentFinancialInstruments2023-12-3111725540ns5:CurrentFinancialInstruments2022-12-3111725540ns5:ShareCapital2023-12-3111725540ns5:ShareCapital2022-12-3111725540ns5:RetainedEarningsAccumulatedLosses2023-12-3111725540ns5:RetainedEarningsAccumulatedLosses2022-12-3111725540ns5:FurnitureFittings2022-12-3111725540ns5:ComputerEquipment2022-12-3111725540ns5:FurnitureFittings2023-01-012023-12-3111725540ns5:ComputerEquipment2023-01-012023-12-3111725540ns5:FurnitureFittings2023-12-3111725540ns5:ComputerEquipment2023-12-3111725540ns5:FurnitureFittings2022-12-3111725540ns5:ComputerEquipment2022-12-3111725540ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3111725540ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3111725540ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 11725540 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WATERPROOFING ACCESSORIES LTD

WATERPROOFING ACCESSORIES LTD (REGISTERED NUMBER: 11725540)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4 to 6


WATERPROOFING ACCESSORIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mrs Z S Garrard





REGISTERED OFFICE: First Floor North
40 Oxford Road
High Wycombe
Buckinghamshire
HP11 2EE





REGISTERED NUMBER: 11725540 (England and Wales)





ACCOUNTANTS: Seymour Taylor Limited
First Floor North
40 Oxford Road
High Wycombe
Buckinghamshire
HP11 2EE

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WATERPROOFING ACCESSORIES LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Waterproofing Accessories Ltd for the year ended 31 December 2023 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Waterproofing Accessories Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Waterproofing Accessories Ltd and state those matters that we have agreed to state to the director of Waterproofing Accessories Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Waterproofing Accessories Ltd and its director for our work or for this report.

It is your duty to ensure that Waterproofing Accessories Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Waterproofing Accessories Ltd. You consider that Waterproofing Accessories 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 financial statements of Waterproofing Accessories 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 financial statements.






Seymour Taylor Limited
First Floor North
40 Oxford Road
High Wycombe
Buckinghamshire
HP11 2EE


6 June 2024

WATERPROOFING ACCESSORIES LTD (REGISTERED NUMBER: 11725540)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 117 175

CURRENT ASSETS
Stocks 5 3,201 5,050
Debtors 6 3,390 8,337
Cash at bank 15,412 21,633
22,003 35,020
CREDITORS
Amounts falling due within one year 7 11,088 20,785
NET CURRENT ASSETS 10,915 14,235
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,032

14,410

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 10,932 14,310
SHAREHOLDERS' FUNDS 11,032 14,410

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 June 2024 and were signed by:




Mrs Z S Garrard - Director


WATERPROOFING ACCESSORIES LTD (REGISTERED NUMBER: 11725540)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. GENERAL INFORMATION

Waterproofing Accessories is a private company limited by shares and incorporated in England and Wales. The address of the company's registered office is First Floor North, 40 Oxford Road, High Wycombe, Buckinghamshire, HP11 2EE. The registered number is 11725540.

The presentation currency of these financial statements is Sterling (£), being the currency of the primary economic market in which the entity operates (its functional currency). All amounts in these financial statements have been rounded to the nearest pound unless stated otherwise.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover
Turnover is measured at the fair value of consideration received or receivable for services provided, net of trade discounts and value added tax.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

The company assesses at each reporting date whether tangible fixed assets are impaired.

Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimate useful life:

Asset classDepreciation method and rate
Computer equipment - Straight line over 4 years
Fixtures and fittings - Straight line over 4 years

Depreciation methods, useful lives and residual values are reviewed if there is an indication of a significant change since the last annual reporting date in the pattern by which the company expects to consume an asset's future economic benefits.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

Provision is made for damaged, obsolete and slow-moving stock where appropriate.

WATERPROOFING ACCESSORIES LTD (REGISTERED NUMBER: 11725540)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has applied the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instrument Issues" of FRS 102 to its financial statements.

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the income statement except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the statement of financial position date, and any adjustment to tax payable in respect of previous years.

Deferred tax
Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Differences between accumulated depreciation and tax allowances for the cost of a fixed asset, if and when all conditions for retaining the tax allowances have been met, are not provided for. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the statement of financial position date. Deferred tax balances are not discounted.

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.

Financial instruments
The company has applied the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instrument Issues" of FRS 102 to its financial statements.

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

WATERPROOFING ACCESSORIES LTD (REGISTERED NUMBER: 11725540)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 233 495 728
DEPRECIATION
At 1 January 2023 58 495 553
Charge for year 58 - 58
At 31 December 2023 116 495 611
NET BOOK VALUE
At 31 December 2023 117 - 117
At 31 December 2022 175 - 175

5. STOCKS
2023 2022
£    £   
Stocks 3,201 5,050

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 503 6,500
Other debtors 2,887 1,837
3,390 8,337

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,750 16,574
Taxation and social security - 267
Other creditors 4,338 3,944
11,088 20,785

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 100 100