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REGISTERED NUMBER: 04743811 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Waterways (Kent) Limited

Waterways (Kent) Limited (Registered number: 04743811)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Waterways (Kent) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M S Terry
A Terry





REGISTERED OFFICE: Unit 1
Shrine Barn
Sandling Road
Hythe
Kent
CT21 4HE





REGISTERED NUMBER: 04743811 (England and Wales)





ACCOUNTANTS: Ardor Business Solutions Limited
Chartered Certified Accountants
Unit 1
Shrine Barn
Sandling Road
Hythe
Kent
CT21 4HE

Waterways (Kent) Limited (Registered number: 04743811)

Balance Sheet
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 34,444 45,968
34,444 45,968

CURRENT ASSETS
Debtors 7 135,873 174,169
Cash at bank and in hand 13,264 9,945
149,137 184,114
CREDITORS
Amounts falling due within one year 8 102,534 115,158
NET CURRENT ASSETS 46,603 68,956
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,047

114,924

CREDITORS
Amounts falling due after more than one
year

9

(29,180

)

(29,700

)

PROVISIONS FOR LIABILITIES (8,857 ) (8,734 )
NET ASSETS 43,010 76,490

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 42,910 76,390
SHAREHOLDERS' FUNDS 43,010 76,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Waterways (Kent) Limited (Registered number: 04743811)

Balance Sheet - continued
30 April 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 19 October 2024 and were signed on its behalf by:





A Terry - Director


Waterways (Kent) Limited (Registered number: 04743811)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Waterways (Kent) 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.

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


Amounts are rounded to the nearest Pound Sterling.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company's day to day working capital requirements are met through the financial support of the directors. The directors consider that this support will continue as required for the foreseeable future and therefore consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would be required should that support not continue.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax where applicable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 and 15% on reducing balance

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.


Waterways (Kent) Limited (Registered number: 04743811)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 134,000
AMORTISATION
At 1 May 2023
and 30 April 2024 134,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

6. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 8,899 177,577 19,235 205,711
DEPRECIATION
At 1 May 2023 8,343 133,261 18,139 159,743
Charge for year 139 11,080 305 11,524
At 30 April 2024 8,482 144,341 18,444 171,267
NET BOOK VALUE
At 30 April 2024 417 33,236 791 34,444
At 30 April 2023 556 44,316 1,096 45,968

Waterways (Kent) Limited (Registered number: 04743811)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 71,013 112,607
Directors' current accounts 49,746 50,099
Taxation 8,737 8,737
Prepayments and accrued income 6,377 2,726
135,873 174,169

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 41,986 29,771
Trade creditors 14,088 22,544
Taxation 11,929 21,203
Social security and other taxes 17,105 32,068
Directors' current accounts 13,084 5,462
Accrued expenses 4,342 4,110
102,534 115,158

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Bank loans - 1-2 years 5,648 11,217
Bank loans - 2-5 years 23,532 18,483
29,180 29,700

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30/4/24 30/4/23
£    £   
M R Terry
Balance outstanding at start of year 14,704 11,290
Amounts advanced - 14,704
Amounts repaid - (11,290 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,704 14,704

M S Terry
Balance outstanding at start of year (5,462 ) (6,816 )
Amounts advanced 4,238 1,354
Amounts repaid (11,860 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (13,084 ) (5,462 )

Waterways (Kent) Limited (Registered number: 04743811)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

A Terry
Balance outstanding at start of year 35,394 23,473
Amounts advanced 10,827 35,394
Amounts repaid (11,180 ) (23,473 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,041 35,394

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors by virtue of them jointly holding equal shares in the company.