Company Registration No. 3811615 (England and Wales)
Waterlife Ltd
Unaudited accounts
for the year ended 30 September 2024
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Waterlife Ltd
for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Waterlife Ltd for the year ended
30 September 2024 as set out on pages
3 -
5 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Waterlife Ltd, as a body, in accordance with the terms of our engagement letter dated 3 August 2022. Our work has been undertaken solely to prepare for your approval the accounts of Waterlife Ltd and state those matters that we have agreed to state to the Board of Directors of Waterlife Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Waterlife Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Waterlife Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Waterlife Ltd. You consider that Waterlife Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Waterlife Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Lewis Associates
Chartered Certified Accountants
75 Coniston Gardens
London
NW9 0BA
19 November 2024
Waterlife Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
351,801
339,469
Cash at bank and in hand
257
649
Creditors: amounts falling due within one year
(413,868)
(379,827)
Net current (liabilities)/assets
(36,580)
43,009
Total assets less current liabilities
315,221
382,478
Creditors: amounts falling due after more than one year
(132,593)
(196,719)
Net assets
182,628
185,759
Called up share capital
200
200
Profit and loss account
182,428
185,559
Shareholders' funds
182,628
185,759
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 November 2024 and were signed on its behalf by
R D Hopkins
Director
Company Registration No. 3811615
Waterlife Ltd
Notes to the Accounts
for the year ended 30 September 2024
Waterlife Ltd is a private company, limited by shares, registered in England and Wales, registration number 3811615. The registered office is 75 Coniston Gardens, London, NW9 0BA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
20% straight line
Motor vehicles
20% straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
458,743
97,690
70,800
627,233
Additions
-
21,507
-
21,507
At 30 September 2024
458,743
119,197
70,800
648,740
At 1 October 2023
119,275
97,689
70,800
287,764
Charge for the year
9,175
-
-
9,175
At 30 September 2024
128,450
97,689
70,800
296,939
At 30 September 2024
330,293
21,508
-
351,801
At 30 September 2023
339,468
1
-
339,469
Waterlife Ltd
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Trade debtors
341,877
398,380
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
156,208
174,741
Trade creditors
127,458
83,404
Taxes and social security
89,073
73,453
Other creditors
41,129
48,229
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
132,593
196,719
Allotted, called up and fully paid:
100 Ordinary shares A of £1 each
100
100
100 Ordinary shares B of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 15 (2023: 15).