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REGISTERED NUMBER: 11125959 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Waterlily Enterprise Limited

Waterlily Enterprise Limited (Registered number: 11125959)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Waterlily Enterprise Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mrs Mali Mesbahunnahar Rahman





REGISTERED OFFICE: 128 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL





REGISTERED NUMBER: 11125959 (England and Wales)





ACCOUNTANTS: KAS Accountancy
Unit 6, Riverside Court
Don Road
Sheffield
S9 2TJ

Waterlily Enterprise Limited (Registered number: 11125959)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 143,553 105,748

CURRENT ASSETS
Stocks 18,621 7,554
Debtors 5 9,448 2,400
Cash at bank and in hand 127,624 147,012
155,693 156,966
CREDITORS
Amounts falling due within one year 6 24,022 28,423
NET CURRENT ASSETS 131,671 128,543
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,224

234,291

CREDITORS
Amounts falling due after more than one
year

7

154,768

48,853
NET ASSETS 120,456 185,438

CAPITAL AND RESERVES
Called up share capital 120,100 120,100
Retained earnings 356 65,338
SHAREHOLDERS' FUNDS 120,456 185,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

Waterlily Enterprise Limited (Registered number: 11125959)

Balance Sheet - continued
31 December 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 23 September 2024 and were signed by:





Mrs Mali Mesbahunnahar Rahman - Director


Waterlily Enterprise Limited (Registered number: 11125959)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Waterlily Enterprise 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.
Improvements to property - in accordance with the property
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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.

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 8 (2022 - 8 ) .

Waterlily Enterprise Limited (Registered number: 11125959)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 - 118,040 139,401 8,500 265,941
Additions 34,200 21,465 4,362 - 60,027
At 31 December 2023 34,200 139,505 143,763 8,500 325,968
DEPRECIATION
At 1 January 2023 - 82,266 75,271 2,656 160,193
Charge for year 570 10,463 9,728 1,461 22,222
At 31 December 2023 570 92,729 84,999 4,117 182,415
NET BOOK VALUE
At 31 December 2023 33,630 46,776 58,764 4,383 143,553
At 31 December 2022 - 35,774 64,130 5,844 105,748

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Trade debtors 9,448 2,400

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 11,463 6,549
Hire purchase contracts 1,680 1,875
Tax - 2,625
Social security and other taxes 10,879 13,751
Accrued expenses - 3,623
24,022 28,423

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 2-5 years 72,495 34,655
Hire purchase contracts 1,921 3,281
Other creditors 10,917 10,917
Directors' loan accounts 69,435 -
154,768 48,853