Registered number
02981174
Dry Water Design Limited
Filleted Accounts
18 April 2024
Dry Water Design Limited
Registered number: 02981174
Balance Sheet
as at 18 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 398,837 406,915
Current assets
Debtors 4 83,558 70,925
Cash at bank and in hand 140,261 125,707
223,819 196,632
Creditors: amounts falling due within one year 5 (43,922) (49,814)
Net current assets 179,897 146,818
Total assets less current liabilities 578,734 553,733
Creditors: amounts falling due after more than one year 6 (324,340) (324,340)
Provisions for liabilities (4,402) (4,693)
Net assets 249,992 224,700
Capital and reserves
Called up share capital 100 100
Profit and loss account 249,892 224,600
Shareholders' funds 249,992 224,700
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Amies
Director
Approved by the board on 17 January 2025
Dry Water Design Limited
Notes to the Accounts
for the year ended 18 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery 25% Reducing balance
Fixtures, fittings, tools and equipment 25% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 19 April 2023 427,601 56,807 484,408
Additions - 4,000 4,000
At 18 April 2024 427,601 60,807 488,408
Depreciation
At 19 April 2023 42,000 35,493 77,493
Charge for the year 6,000 6,078 12,078
At 18 April 2024 48,000 41,571 89,571
Net book value
At 18 April 2024 379,601 19,236 398,837
At 18 April 2023 385,601 21,314 406,915
Freehold land and buildings: 2024 2023
£ £
Historical cost 427,601 427,601
Cumulative depreciation based on historical cost 48,000 42,000
379,601 385,601
4 Debtors 2024 2023
£ £
Trade debtors 78,558 65,768
Other debtors 5,000 5,157
83,558 70,925
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,186 4,486
Taxation and social security costs 36,521 28,538
Other creditors 5,215 16,790
43,922 49,814
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 324,340 324,340
7 Controlling party
Mr & Mrs M Amies own 100% of the share capital between them and control the company.
8 Other information
Dry Water Design Limited is a private company limited by shares and incorporated in England. Its registered office is:
Home Farm
Hulme Walfield
Congleton
Cheshire
CW12 2JJ
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