Company registration number 04209018 (England and Wales)
WATER AND WASTE MAINTENANCE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
WATER AND WASTE MAINTENANCE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
WATER AND WASTE MAINTENANCE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,912
2,390
Current assets
Debtors
4
3,807
4,036
Cash at bank and in hand
521
960
4,328
4,996
Creditors: amounts falling due within one year
5
(37,658)
(23,014)
Net current liabilities
(33,330)
(18,018)
Net liabilities
(31,418)
(15,628)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(31,518)
(15,728)
Total equity
(31,418)
(15,628)
For the financial year ended 31 March 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 of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 20 November 2024
Mr A G Maynard
Director
Company registration number 04209018 (England and Wales)
WATER AND WASTE MAINTENANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
Water and Waste Maintenance Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3 Brompton Gardens, Asheldon Road, Wellswood, Torquay, Devon, TQ1 2QA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The accounts are prepared on the going concern basis on the assumption that the company's creditors, in particular the company's director, continue to provide financial support to the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents the net invoiced value of work done excluding value added tax.
1.3
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over it's estimated useful life.
Plant and equipment
20% on reducing balance
Fixtures and fittings
25% on cost
Computers
33% on cost
1.4
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
WATER AND WASTE MAINTENANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
3
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 and 31 March 2024
28,002
Depreciation and impairment
At 1 April 2023
25,612
Depreciation charged in the year
478
At 31 March 2024
26,090
Carrying amount
At 31 March 2024
1,912
At 31 March 2023
2,390
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
3,558
414
Other debtors
249
3,622
3,807
4,036
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
1,563
3,701
Taxation and social security
729
477
Other creditors
35,366
18,836
37,658
23,014