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REGISTERED NUMBER: 03749196 (England and Wales)









CRESS WATER LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






CRESS WATER LTD (REGISTERED NUMBER: 03749196)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


CRESS WATER LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Dr R C L Hudson



SECRETARY: Miss P St Clair



REGISTERED OFFICE: 18 Forcefield Road
Cullompton
Devon
EX15 1QB



REGISTERED NUMBER: 03749196 (England and Wales)



ACCOUNTANTS: Gardiner Fosh
Chartered Accountants
31 St John's
Worcester
Worcestershire
WR2 5AG



BANKERS: NatWest plc
31 Rother Street
Stratford-Upon-Avon
Warwickshire
CV37 6ZS

CRESS WATER LTD (REGISTERED NUMBER: 03749196)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 936 409

CURRENT ASSETS
Stocks 1,139 990
Debtors 5 29,185 27,765
Cash at bank 48,517 52,031
78,841 80,786
CREDITORS
Amounts falling due within one year 6 20,125 12,767
NET CURRENT ASSETS 58,716 68,019
TOTAL ASSETS LESS CURRENT LIABILITIES 59,652 68,428

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 58,652 67,428
SHAREHOLDERS' FUNDS 59,652 68,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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:





Dr R C L Hudson - Director


CRESS WATER LTD (REGISTERED NUMBER: 03749196)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Cress Water 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has been only partially completed at the balance sheet date, turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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 - 20% on cost and 10% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CRESS WATER LTD (REGISTERED NUMBER: 03749196)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 5,001 2,096 15,320 - 22,417
Additions - - - 942 942
Disposals - (2,096 ) - - (2,096 )
At 31 March 2024 5,001 - 15,320 942 21,263
DEPRECIATION
At 1 April 2023 4,592 2,096 15,320 - 22,008
Charge for year 101 - - 314 415
Eliminated on disposal - (2,096 ) - - (2,096 )
At 31 March 2024 4,693 - 15,320 314 20,327
NET BOOK VALUE
At 31 March 2024 308 - - 628 936
At 31 March 2023 409 - - - 409

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,799 24,356
Other debtors 6,386 3,409
29,185 27,765

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,816 687
Taxation and social security 2,233 10,452
Other creditors 2,076 1,628
20,125 12,767

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Dr R C L Hudson
Balance outstanding at start of year 399 (29 )
Amounts advanced 1,037 428
Amounts repaid (400 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,036 399