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Company Registration No. 5308714 (England and Wales)
Watercare Utilities Limited Unaudited accounts for the year ended 31 March 2024
Watercare Utilities Limited Unaudited accounts Contents
Page
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Watercare Utilities Limited Company Information for the year ended 31 March 2024
Director
Robert Skyrme
Company Number
5308714 (England and Wales)
Registered Office
Affricks Lodge Unit 1 Watchet Lane Little Kingshill Great Missenden Buckinghamshire HP16 0DR England
Accountants
Blue Cube Accountants Limited Britwell Grange Britwell Road Burnham SL1 8DF
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Watercare Utilities Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,038,946 
1,066,020 
Current assets
Debtors
1,551,785 
1,243,129 
Cash at bank and in hand
231,860 
172,370 
1,783,645 
1,415,499 
Creditors: amounts falling due within one year
(274,419)
(155,461)
Net current assets
1,509,226 
1,260,038 
Total assets less current liabilities
2,548,172 
2,326,058 
Provisions for liabilities
Deferred tax
(11,593)
(7,519)
Net assets
2,536,579 
2,318,539 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
2,535,579 
2,317,539 
Shareholders' funds
2,536,579 
2,318,539 
For the year ending 31 March 2024 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 19 August 2024 and were signed on its behalf by
Robert Skyrme Director Company Registration No. 5308714
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Watercare Utilities Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Watercare Utilities Limited is a private company, limited by shares, registered in England and Wales, registration number 5308714. The registered office is Affricks Lodge Unit 1, Watchet Lane Little Kingshill, Great Missenden, Buckinghamshire, HP16 0DR, England.
2
Accounting policies
Basis of preparation
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation provided
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Taxation
Taxation 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 in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. 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.
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Watercare Utilities Limited Notes to the Accounts for the year ended 31 March 2024
Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charge to the profit & loss account in the period to which they relate.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
3
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
140,000 
At 31 March 2024
140,000 
Amortisation
At 1 April 2023
140,000 
At 31 March 2024
140,000 
Net book value
At 31 March 2024
- 
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
952,939 
341,268 
266,567 
11,826 
1,572,600 
Additions
21,865 
4,500 
- 
- 
26,365 
Disposals
- 
- 
(119,334)
- 
(119,334)
At 31 March 2024
974,804 
345,768 
147,233 
11,826 
1,479,631 
Depreciation
At 1 April 2023
- 
291,348 
204,268 
10,964 
506,580 
Charge for the year
- 
12,762 
7,279 
215 
20,256 
On disposals
- 
- 
(86,151)
- 
(86,151)
At 31 March 2024
- 
304,110 
125,396 
11,179 
440,685 
Net book value
At 31 March 2024
974,804 
41,658 
21,837 
647 
1,038,946 
At 31 March 2023
952,939 
49,920 
62,299 
862 
1,066,020 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
250,521 
374,985 
Accrued income and prepayments
249,250 
373,875 
Other debtors
1,052,014 
494,269 
1,551,785 
1,243,129 
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Watercare Utilities Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
51,208 
47,749 
Trade creditors
54,932 
98,613 
Taxes and social security
168,279 
8,224 
Accruals
- 
875 
274,419 
155,461 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Robert Skyrme
Loan to Director
360,965 
438,390 
- 
799,355 
360,965 
438,390 
- 
799,355 
The loan to the director is fully repayable on demand and interest has been charged at 2.25%.
9
Average number of employees
During the year the average number of employees was 4 (2023: 7).
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