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
Watercare Utilities Limited
Company Information
for the year ended 31 March 2024
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
Watercare Utilities Limited
Statement of financial position
as at 31 March 2024
Tangible assets
1,038,946
1,066,020
Debtors
1,551,785
1,243,129
Cash at bank and in hand
231,860
172,370
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
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
Watercare Utilities Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts are presented in £ sterling.
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 (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 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 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.
Watercare Utilities Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
Expenditure on research and development is written off in the year in which it is incurred.
3
Intangible fixed assets
Goodwill
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
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
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
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
Watercare Utilities Limited
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
54,932
98,613
Taxes and social security
168,279
8,224
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).