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REGISTERED NUMBER: 07320837















Unaudited Financial Statements for the Year Ended 31 July 2024

for

WATERMEAD PLUMBING SERVICES LIMITED

WATERMEAD PLUMBING SERVICES LIMITED (Registered number: 07320837)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WATERMEAD PLUMBING SERVICES LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTOR: S Mills





REGISTERED OFFICE: 193 Coventry Road
Hinckley
Leicestershire
LE10 0JS





REGISTERED NUMBER: 07320837





ACCOUNTANTS: Geoff Cowley & Co Ltd
Willow Park
Upton Lane
Stoke Golding
Nuneaton
Warwickshire
CV13 6EU

WATERMEAD PLUMBING SERVICES LIMITED (Registered number: 07320837)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,782 6,403

CURRENT ASSETS
Stocks 500 500
Debtors 5 9,034 5,202
Cash at bank - 177
9,534 5,879
CREDITORS
Amounts falling due within one year 6 8,347 3,715
NET CURRENT ASSETS 1,187 2,164
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,969

8,567

CREDITORS
Amounts falling due after more than one year 7 5,950 8,330
NET ASSETS 19 237

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (181 ) 37
19 237

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

WATERMEAD PLUMBING SERVICES LIMITED (Registered number: 07320837)

Balance Sheet - continued
31 July 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 director and authorised for issue on 14 August 2024 and were signed by:





S Mills - Director


WATERMEAD PLUMBING SERVICES LIMITED (Registered number: 07320837)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

WATERMEAD PLUMBING SERVICES LIMITED is a private company, limited by shares , registered in Not specified/Other. 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 2 (2023 - 2 ) .

WATERMEAD PLUMBING SERVICES LIMITED (Registered number: 07320837)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 4,318 13,366 724 18,408
DEPRECIATION
At 1 August 2023 3,802 7,727 476 12,005
Charge for year 129 1,410 82 1,621
At 31 July 2024 3,931 9,137 558 13,626
NET BOOK VALUE
At 31 July 2024 387 4,229 166 4,782
At 31 July 2023 516 5,639 248 6,403

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 7,014 3,451
Other debtors 2,020 1,751
9,034 5,202

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 5,237 1,079
Taxation and social security 2,580 830
Other creditors 530 1,806
8,347 3,715

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 5,950 8,330

WATERMEAD PLUMBING SERVICES LIMITED (Registered number: 07320837)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
S Mills
Balance outstanding at start of year - 4,945
Amounts advanced 73 -
Amounts repaid - (4,945 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 73 -