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REGISTERED NUMBER: 03773447 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Waterhouse Pressings (Manufacturing)
Limited

Waterhouse Pressings (Manufacturing)
Limited (Registered number: 03773447)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Waterhouse Pressings (Manufacturing)
Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr A B Waterhouse
Mr P B Waterhouse
Mrs A F Waterhouse





SECRETARY: P B Waterhouse





REGISTERED OFFICE: Unit 4F
Snaygill Industrial Estate
Keighley Road
Skipton
North Yorkshire
BD23 2QR





REGISTERED NUMBER: 03773447 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Waterhouse Pressings (Manufacturing)
Limited (Registered number: 03773447)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 5,631 10,872

CURRENT ASSETS
Stocks 6 12,000 11,000
Debtors 7 28,958 9,569
Cash at bank 4,844 50,725
45,802 71,294
CREDITORS
Amounts falling due within one year 8 (37,476 ) (57,945 )
NET CURRENT ASSETS 8,326 13,349
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,957

24,221

CREDITORS
Amounts falling due after more than one
year

9

(13,333

)

(23,333

)
NET ASSETS 624 888

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 524 788
SHAREHOLDERS' FUNDS 624 888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

Waterhouse Pressings (Manufacturing)
Limited (Registered number: 03773447)

Statement of Financial Position - continued
30 June 2024



The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:





Mr P B Waterhouse - Director


Waterhouse Pressings (Manufacturing)
Limited (Registered number: 03773447)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Waterhouse Pressings (Manufacturing) Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 7 years
Plant and machinery - 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Waterhouse Pressings (Manufacturing)
Limited (Registered number: 03773447)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 July 2023
and 30 June 2024 3,796 45,750 1,405
DEPRECIATION
At 1 July 2023 3,796 43,895 1,385
Charge for year - 675 20
At 30 June 2024 3,796 44,570 1,405
NET BOOK VALUE
At 30 June 2024 - 1,180 -
At 30 June 2023 - 1,855 20

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 17,799 1,699 70,449
DEPRECIATION
At 1 July 2023 8,900 1,601 59,577
Charge for year 4,450 96 5,241
At 30 June 2024 13,350 1,697 64,818
NET BOOK VALUE
At 30 June 2024 4,449 2 5,631
At 30 June 2023 8,899 98 10,872

Waterhouse Pressings (Manufacturing)
Limited (Registered number: 03773447)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. STOCKS
30.6.24 30.6.23
£    £   
Stocks - 5,500
Work-in-progress 12,000 5,500
12,000 11,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 25,827 6,600
Other debtors 414 414
Prepayments 2,717 2,555
28,958 9,569

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 3,127 18,085
Tax 1,365 -
Social security and other taxes 2,360 1,204
VAT 12,400 9,075
Intercompany account 6,421 18,253
Directors' current accounts 319 319
Accrued expenses 1,484 1,009
37,476 57,945

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 3,333 13,333
13,333 23,333

10. RELATED PARTY DISCLOSURES

The company rented premises during the year from Waterhouse Pressings Limited. The rent paid during the period was £4,500 (2023 £10,800), no formal lease exists in relation to this transaction. There was also a creditor balance of £6,421 (2023 £18,253) showing on the inter-company loan account at the year end.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Waterhouse Pressings (Manufacturing)
Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Waterhouse Pressings (Manufacturing) Limited for the year ended 30 June 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Waterhouse Pressings (Manufacturing) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Waterhouse Pressings (Manufacturing) Limited and state those matters that we have agreed to state to the Board of Directors of Waterhouse Pressings (Manufacturing) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Waterhouse Pressings (Manufacturing) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Waterhouse Pressings (Manufacturing) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Waterhouse Pressings (Manufacturing) Limited. You consider that Waterhouse Pressings (Manufacturing) Limited 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 financial statements of Waterhouse Pressings (Manufacturing) Limited. 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 financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


14 October 2024