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REGISTERED NUMBER: 14139305 (England and Wales)















24/7 WASTEWATER MANAGEMENT LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024






24/7 WASTEWATER MANAGEMENT LTD (REGISTERED NUMBER: 14139305)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


24/7 WASTEWATER MANAGEMENT LTD

COMPANY INFORMATION
for the year ended 31 May 2024







DIRECTORS: A W Barnes
L A M Ellis





REGISTERED OFFICE: 1 Limetree Grove
Birkenshaw
Bradford
BD11 2BJ





REGISTERED NUMBER: 14139305 (England and Wales)





ACCOUNTANTS: SMH Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

24/7 WASTEWATER MANAGEMENT LTD (REGISTERED NUMBER: 14139305)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 40,194 36,300

CURRENT ASSETS
Debtors 5 85,036 45,833
Cash at bank 52,147 24,439
137,183 70,272
CREDITORS
Amounts falling due within one year 6 (98,572 ) (97,915 )
NET CURRENT ASSETS/(LIABILITIES) 38,611 (27,643 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,805

8,657

CREDITORS
Amounts falling due after more than one
year

7

(8,824

)

(12,187

)

PROVISIONS FOR LIABILITIES 9 (7,637 ) -
NET ASSETS/(LIABILITIES) 62,344 (3,530 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 62,244 (3,630 )
SHAREHOLDERS' FUNDS 62,344 (3,530 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

24/7 WASTEWATER MANAGEMENT LTD (REGISTERED NUMBER: 14139305)

BALANCE SHEET - continued
31 May 2024


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 Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





L A M Ellis - Director


24/7 WASTEWATER MANAGEMENT LTD (REGISTERED NUMBER: 14139305)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2024


1. STATUTORY INFORMATION

24/7 Wastewater Management Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 comprises the invoiced value of services, net of value added tax. It is recognised on delivery of the service.

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 etc - 25% on reducing balance and 25% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - NIL ) .

24/7 WASTEWATER MANAGEMENT LTD (REGISTERED NUMBER: 14139305)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 48,500
Additions 17,292
At 31 May 2024 65,792
DEPRECIATION
At 1 June 2023 12,200
Charge for year 13,398
At 31 May 2024 25,598
NET BOOK VALUE
At 31 May 2024 40,194
At 31 May 2023 36,300

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 81,456 44,916
Other debtors 3,580 917
85,036 45,833

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,364 2,902
Taxation and social security 15,745 10,583
Other creditors 79,463 84,430
98,572 97,915

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 8,824 12,187

24/7 WASTEWATER MANAGEMENT LTD (REGISTERED NUMBER: 14139305)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024


8. FINANCIAL INSTRUMENTS

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors, and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, finance leases and accruals are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 7,637 -

Deferred
tax
£   
Charge to Income Statement during year 7,637
Balance at 31 May 2024 7,637

10. RELATED PARTY DISCLOSURES

At 31st May 2024 £78,153 was owed by the company to its directors. In 2023 £83,563 was owed. These loans are interest free and will be repaid when funds permit.