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Registration number: 14458757

T K Waterproofing Solutions Holdings Limited

Annual Report and Financial Statements

for the Year Ended 29 February 2024

 

T K Waterproofing Solutions Holdings Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

T K Waterproofing Solutions Holdings Limited

Company Information

Director

Mr Michael Wayne Maxey

Company secretary

Mrs Kirsty Curry

Registered office

Unit 19
Manvers Business Park
High Hazles Road
Cotgrave
Nottinghamshire
NG12 3GZ

Accountants

The TAX Partnership (Derby) Limited
2 Cheapside
Derby
Derbyshire
DE1 1BR

 

T K Waterproofing Solutions Holdings Limited

(Registration number: 14458757)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

1,409,069

1,400,099

Current assets

 

Cash at bank and in hand

 

57

1

Creditors: Amounts falling due within one year

5

(492,407)

(483,337)

Net current liabilities

 

(492,350)

(483,336)

Total assets less current liabilities

 

916,719

916,763

Creditors: Amounts falling due after more than one year

5

(733,315)

(916,663)

Net assets

 

183,404

100

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

183,304

-

Shareholders' funds

 

183,404

100

 

T K Waterproofing Solutions Holdings Limited

(Registration number: 14458757)
Balance Sheet as at 29 February 2024

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 November 2024
 

.........................................
Mr Michael Wayne Maxey
Director

 

T K Waterproofing Solutions Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 19
Manvers Business Park
High Hazles Road
Cotgrave
Nottinghamshire
NG12 3GZ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

T K Waterproofing Solutions Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

T K Waterproofing Solutions Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Investments

2024
£

2023
£

Investments in subsidiaries

1,409,069

1,400,099

Subsidiaries

£

Cost or valuation

At 1 March 2023

1,400,099

Additions

8,970

At 29 February 2024

1,409,069

Provision

Carrying amount

At 29 February 2024

1,409,069

At 28 February 2023

1,400,099

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

T K Waterproofing Solutions Ltd

Unit 19, Manvers Business Park, High Hazles Road, Cotgrave, Nottinghamshire, NG12 3GZ

United Kingdom

£1 Ordinary

100%

100%

 

T K Waterproofing Solutions Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

183,337

183,337

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

309,070

300,000

 

492,407

483,337

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

733,315

916,663

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       
 

T K Waterproofing Solutions Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

733,315

916,663

Current loans and borrowings

2024
£

2023
£

Other borrowings

183,337

183,337

8

Related party transactions

The company purchased 100% of the issued share capital in TK Waterproofing Solutions Limited, a company registered in England under registration number 08402420.

Loans from related parties

2024

Subsidiary
£

Total
£

At start of period

300,000

300,000

Advanced

9,070

9,070

At end of period

309,070

309,070

2023

Subsidiary
£

Total
£

Advanced

300,000

300,000

At end of period

300,000

300,000

Terms of loans from related parties

Interest free loan with no fixed repayment date.