Waterleigh Limited 12718823 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is the development of building projects. Digita Accounts Production Advanced 6.30.9574.0 true true 12718823 2023-08-01 2024-07-31 12718823 2024-07-31 12718823 2 2024-07-31 12718823 core:RetainedEarningsAccumulatedLosses 2024-07-31 12718823 core:ShareCapital 2024-07-31 12718823 core:CurrentFinancialInstruments 2024-07-31 12718823 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 12718823 bus:SmallEntities 2023-08-01 2024-07-31 12718823 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 12718823 bus:FilletedAccounts 2023-08-01 2024-07-31 12718823 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12718823 bus:RegisteredOffice 2023-08-01 2024-07-31 12718823 bus:Director1 2023-08-01 2024-07-31 12718823 bus:Director2 2023-08-01 2024-07-31 12718823 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12718823 countries:EnglandWales 2023-08-01 2024-07-31 12718823 2022-08-01 2023-07-31 12718823 2023-07-31 12718823 2 2023-07-31 12718823 core:RetainedEarningsAccumulatedLosses 2023-07-31 12718823 core:ShareCapital 2023-07-31 12718823 core:CurrentFinancialInstruments 2023-07-31 12718823 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 12718823

Waterleigh Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Waterleigh Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Waterleigh Limited

Company Information

Directors

J P E Smith

H J Pym

Registered office

Waterleaze Blundells Lane
West Monkton
Taunton
Somerset
TA2 8NW

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisors
Spencer House
Morston Court
Aisecome Way
Weston-super-Mare
North Somerset
BS22 8NG

 

Waterleigh Limited

(Registration number: 12718823)
Balance Sheet
31 July 2024

Note

2024
£

2023
£

Current assets

 

Stocks

1,265,758

1,990,000

Debtors

4

428

43,666

Cash at bank and in hand

 

3,947

73,987

 

1,270,133

2,107,653

Creditors: Amounts falling due within one year

5

(1,269,139)

(2,128,238)

Net assets/(liabilities)

 

994

(20,585)

Capital and reserves

 

Called up share capital

150

150

Retained earnings

844

(20,735)

Shareholders' funds/(deficit)

 

994

(20,585)

 

Waterleigh Limited

(Registration number: 12718823)
Balance Sheet
31 July 2024

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 15 November 2024 and signed on its behalf by:
 

.........................................
J P E Smith
Director

 

Waterleigh Limited

Notes to the Unaudited Financial Statements
Year Ended 31 July 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:
Waterleaze Blundells Lane
West Monkton
Taunton
Somerset
TA2 8NW
United Kingdom

These financial statements were authorised for issue by the Board on 15 November 2024.

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.

 

Waterleigh Limited

Notes to the Unaudited Financial Statements
Year Ended 31 July 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Stocks

The cost of work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Debtors

Note

2024
£

2023
£

Other debtors

 

233

34,035

Prepayments

 

-

9,631

Income tax asset

195

-

 

428

43,666

 

Waterleigh Limited

Notes to the Unaudited Financial Statements
Year Ended 31 July 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

5,903

17,398

Accruals and deferred income

1,400

1,600

Other creditors

1,261,836

2,109,240

1,269,139

2,128,238