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REGISTERED NUMBER: 12328996 (England and Wales)















WATER BEAR BUSINESS FINANCE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 NOVEMBER 2023






WATER BEAR BUSINESS FINANCE LIMITED (REGISTERED NUMBER: 12328996)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


WATER BEAR BUSINESS FINANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







Director: A H G Rogers





Registered office: St Andrews House
Yale Business Village
Ellice Way
Wrexham
Wrexham CB
LL13 7YL





Registered number: 12328996 (England and Wales)





Accountants: John Davies and Co
St Andrews House
Yale Business Village
Ellice Way
Wrexham
Wrexham CB
LL13 7YL

WATER BEAR BUSINESS FINANCE LIMITED (REGISTERED NUMBER: 12328996)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 4,301 4,790

Current assets
Stocks 438 2,500
Debtors 5 11,318 5,526
Cash at bank 3,046 91
14,802 8,117
Creditors
Amounts falling due within one year 6 10,111 4,976
Net current assets 4,691 3,141
Total assets less current liabilities 8,992 7,931

Creditors
Amounts falling due after more than one
year

7

(7,961

)

(6,872

)

Provisions for liabilities (817 ) (910 )
Net assets 214 149

Capital and reserves
Called up share capital 100 100
Retained earnings 114 49
Shareholders' funds 214 149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WATER BEAR BUSINESS FINANCE LIMITED (REGISTERED NUMBER: 12328996)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2024 and were signed by:





A H G Rogers - Director


WATER BEAR BUSINESS FINANCE LIMITED (REGISTERED NUMBER: 12328996)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. Statutory information

Water Bear Business Finance Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance, 10% on reducing balance and 10% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 tax
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.

3. Employees and directors

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

WATER BEAR BUSINESS FINANCE LIMITED (REGISTERED NUMBER: 12328996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1 December 2022 6,286
Additions 250
At 30 November 2023 6,536
Depreciation
At 1 December 2022 1,496
Charge for year 739
At 30 November 2023 2,235
Net book value
At 30 November 2023 4,301
At 30 November 2022 4,790

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 11,318 5,526

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 1,452 2,872
Taxation and social security 8,659 2,104
10,111 4,976

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 7,961 6,872

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,169 -

WATER BEAR BUSINESS FINANCE LIMITED (REGISTERED NUMBER: 12328996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


8. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
A H G Rogers
Balance outstanding at start of year 5,504 6,728
Amounts advanced 42,464 31,157
Amounts repaid (36,650 ) (32,381 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,318 5,504

Amounts advanced in the year related to various small amounts of money drawn from the company in the year net of any expense claims and salary owed to the director, as well as interest charged on the loan.

Amounts repaid relate to dividends credited to the loan account during the year along with several small amounts of money introduced into the company.

Interest is being charged on the loan at a rate of 2%, during the 2022/23 tax year and 2.25% during the 2023/24 tax year. The balance has been cleared by way of additional dividends credited to the loan account as of 6th April 2024..