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REGISTERED NUMBER: 09769036 (England and Wales)


















Financial Statements for the Year Ended 31 December 2023

for

FRESHWATER BUILDING SERVICES LIMITED

FRESHWATER BUILDING SERVICES LIMITED (REGISTERED NUMBER: 09769036)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FRESHWATER BUILDING SERVICES LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J E O'Mahony
J A O'Mahony





REGISTERED OFFICE: Churston House
Portsmouth Road
Esher
Surrey
KT10 9AD





REGISTERED NUMBER: 09769036 (England and Wales)





ACCOUNTANTS: BDA Associates Limited
Chartered Accountants
Global House
1 Ashley Avenue
Epsom
Surrey
KT18 5AD

FRESHWATER BUILDING SERVICES LIMITED (REGISTERED NUMBER: 09769036)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,565 50,522

CURRENT ASSETS
Debtors 5 67,538 137,383
Cash at bank 126,012 185,648
193,550 323,031
CREDITORS
Amounts falling due within one year 6 119,502 202,830
NET CURRENT ASSETS 74,048 120,201
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,613

170,723

CREDITORS
Amounts falling due after more than one
year

7

(31,585

)

(45,181

)

PROVISIONS FOR LIABILITIES (6,812 ) (8,668 )
NET ASSETS 84,216 116,874

CAPITAL AND RESERVES
Called up share capital 8 51 51
Capital redemption reserve 44 44
Retained earnings 84,121 116,779
SHAREHOLDERS' FUNDS 84,216 116,874

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 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.

FRESHWATER BUILDING SERVICES LIMITED (REGISTERED NUMBER: 09769036)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





J E O'Mahony - Director


FRESHWATER BUILDING SERVICES LIMITED (REGISTERED NUMBER: 09769036)

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

1. STATUTORY INFORMATION

Freshwater Building Services 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

FRESHWATER BUILDING SERVICES LIMITED (REGISTERED NUMBER: 09769036)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 80,467 5,750 7,490 93,707
Additions 25,000 - - 25,000
Disposals (16,244 ) - - (16,244 )
At 31 December 2023 89,223 5,750 7,490 102,463
DEPRECIATION
At 1 January 2023 33,909 4,727 4,549 43,185
Charge for year 19,114 255 735 20,104
Eliminated on disposal (9,391 ) - - (9,391 )
At 31 December 2023 43,632 4,982 5,284 53,898
NET BOOK VALUE
At 31 December 2023 45,591 768 2,206 48,565
At 31 December 2022 46,558 1,023 2,941 50,522

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 32,265 106,638
Amounts recoverable on contracts 23,850 -
Other debtors 11,423 30,745
67,538 137,383

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 15,367 11,632
Trade creditors 40,387 47,751
Taxation and social security 35,765 89,920
Other creditors 17,983 43,527
119,502 202,830

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 19,169 29,236
Hire purchase contracts 12,416 15,945
31,585 45,181

FRESHWATER BUILDING SERVICES LIMITED (REGISTERED NUMBER: 09769036)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
51 Ordinary £1 51 51