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REGISTERED NUMBER: 05377434 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

WATERFRAME LIMITED

WATERFRAME LIMITED (REGISTERED NUMBER: 05377434)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WATERFRAME LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: S J Preston





SECRETARY: Mrs H J Preston





REGISTERED OFFICE: 85 Great Portland Street
London
W1W 7LT





REGISTERED NUMBER: 05377434 (England and Wales)





ACCOUNTANTS: GBJ Financial Limited
Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW

WATERFRAME LIMITED (REGISTERED NUMBER: 05377434)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,609 7,518
Investments 5 188,585 188,585
194,194 196,103

CURRENT ASSETS
Debtors 6 81,964 34,713
Cash at bank 5,689 90,540
87,653 125,253
CREDITORS
Amounts falling due within one year 7 45,241 23,798
NET CURRENT ASSETS 42,412 101,455
TOTAL ASSETS LESS CURRENT
LIABILITIES

236,606

297,558

CREDITORS
Amounts falling due after more than one
year

8

12,632

22,564
NET ASSETS 223,974 274,994

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 223,874 274,894
223,974 274,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

WATERFRAME LIMITED (REGISTERED NUMBER: 05377434)

BALANCE SHEET - continued
29 FEBRUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 November 2024 and were signed by:





S J Preston - Director


WATERFRAME LIMITED (REGISTERED NUMBER: 05377434)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Waterframe 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.

Preparation of consolidated financial statements
The financial statements contain information about Waterframe Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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
Fixtures, fittings and bicycle equipment - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

WATERFRAME LIMITED (REGISTERED NUMBER: 05377434)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
Plant and bicycle Computer
machinery equipment equipment Totals
£    £    £    £   
COST
At 1 March 2023
and 29 February 2024 625 7,371 38,988 46,984
DEPRECIATION
At 1 March 2023 625 6,671 32,170 39,466
Charge for year - 178 1,731 1,909
At 29 February 2024 625 6,849 33,901 41,375
NET BOOK VALUE
At 29 February 2024 - 522 5,087 5,609
At 28 February 2023 - 700 6,818 7,518

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 188,585
NET BOOK VALUE
At 29 February 2024 188,585
At 28 February 2023 188,585

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 81,769 34,510
Other debtors 195 203
81,964 34,713

WATERFRAME LIMITED (REGISTERED NUMBER: 05377434)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 398 330
Taxation and social security 5 6,005
Other creditors 34,190 6,815
45,241 23,798

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,632 22,564