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REGISTERED NUMBER: 12471886 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Still Waters Eltham Ltd

Still Waters Eltham Ltd (Registered number: 12471886)






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


Still Waters Eltham Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: J Waters





REGISTERED OFFICE: Energie Fitness Eltham 99 Well Hall Road
London
London
SE9 6DB





REGISTERED NUMBER: 12471886 (England and Wales)





ACCOUNTANTS: M Chilton Accountancy Services Limited
16 Reed Mace Drive
Bromsgrove
Worcestershire
B61 0UJ

Still Waters Eltham Ltd (Registered number: 12471886)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,500 9,500
Tangible assets 5 204,611 230,682
211,111 240,182

CURRENT ASSETS
Debtors 6 49,767 74,813
Cash at bank 104,752 142,169
154,519 216,982
CREDITORS
Amounts falling due within one year 7 186,853 100,634
NET CURRENT (LIABILITIES)/ASSETS (32,334 ) 116,348
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,777

356,530

CREDITORS
Amounts falling due after more than one
year

8

(52,896

)

(258,201

)

PROVISIONS FOR LIABILITIES (35,400 ) (27,182 )

ACCRUALS AND DEFERRED INCOME (10,985 ) (18,309 )
NET ASSETS 79,496 52,838

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 79,396 52,738
79,496 52,838

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.

Still Waters Eltham Ltd (Registered number: 12471886)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2024 and were signed by:





J Waters - Director


Still Waters Eltham Ltd (Registered number: 12471886)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Still Waters Eltham Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

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 etc - 25% on cost, 20% on cost and 10% on cost

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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

Still Waters Eltham Ltd (Registered number: 12471886)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 15,000
AMORTISATION
At 1 March 2023 5,500
Charge for year 3,000
At 29 February 2024 8,500
NET BOOK VALUE
At 29 February 2024 6,500
At 28 February 2023 9,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 318,723
Additions 30,872
At 29 February 2024 349,595
DEPRECIATION
At 1 March 2023 88,041
Charge for year 56,943
At 29 February 2024 144,984
NET BOOK VALUE
At 29 February 2024 204,611
At 28 February 2023 230,682

6. DEBTORS
29.2.24 28.2.23
£    £   
Amounts falling due within one year:
Trade debtors 22,283 23,162
Other debtors 6,484 30,651
28,767 53,813

Still Waters Eltham Ltd (Registered number: 12471886)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. DEBTORS - continued
29.2.24 28.2.23
£    £   
Amounts falling due after more than one year:
Other debtors 21,000 21,000

Aggregate amounts 49,767 74,813

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Payments on account - 4,039
Trade creditors 44,810 40,207
Taxation and social security 92,298 6,456
Other creditors 49,745 49,932
186,853 100,634

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Amounts owed to associates 11,746 177,509
Other creditors 41,150 80,692
52,896 258,201