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COMPANY REGISTRATION NUMBER: 12370964
WATER LANE TECH LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
WATER LANE TECH LTD
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
£
CURRENT ASSETS
Debtors
4
1,050
Cash at bank and in hand
39,136
24,557
--------
--------
39,136
25,607
CREDITORS: amounts falling due within one year
5
4,350
4,284
--------
--------
NET CURRENT ASSETS
34,786
21,323
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
34,786
21,323
--------
--------
NET ASSETS
34,786
21,323
--------
--------
CAPITAL AND RESERVES
Called up share capital fully paid
10
10
Profit and loss account
34,776
21,313
--------
--------
SHAREHOLDERS FUNDS
34,786
21,323
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 15 November 2024 , and are signed on behalf of the board by:
Mr N J Williams
Director
Company registration number: 12370964
WATER LANE TECH LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 26 Water Lane, Histon, Cambridge, CB24 9LR, England.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
4. DEBTORS
2024
2023
£
£
Trade debtors
1,050
----
-------
5. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
459
Corporation tax
3,170
2,677
Other creditors
1,180
1,148
-------
-------
4,350
4,284
-------
-------