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REGISTERED NUMBER: 04391472 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

WATERSCAPES LIMITED

WATERSCAPES LIMITED (REGISTERED NUMBER: 04391472)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WATERSCAPES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: P Jeffery
W R Tunnicliffe





SECRETARY: C A Pruden





REGISTERED OFFICE: 1 Murray Court
Wincanton Business Park
Wincanton
Somerset
BA9 9RX





REGISTERED NUMBER: 04391472 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
2nd Floor
Medway Bridge House
1-8 Fairmeadow
Maidstone
Kent
ME14 1JP

WATERSCAPES LIMITED (REGISTERED NUMBER: 04391472)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 932,762 857,400

CURRENT ASSETS
Stocks 5 8,124 274
Debtors 6 982,477 883,480
Cash at bank 785,013 552,795
1,775,614 1,436,549
CREDITORS
Amounts falling due within one year 7 557,838 419,104
NET CURRENT ASSETS 1,217,776 1,017,445
TOTAL ASSETS LESS CURRENT LIABILITIES 2,150,538 1,874,845

PROVISIONS FOR LIABILITIES 9 82,370 60,769
NET ASSETS 2,068,168 1,814,076

CAPITAL AND RESERVES
Called up share capital 10 50,000 50,000
Share premium 11 99,900 99,900
Capital redemption reserve 11 100 100
Own shares held in treasury 11 (79,695 ) (96,195 )
Retained earnings 11 1,997,863 1,760,271
SHAREHOLDERS' FUNDS 2,068,168 1,814,076

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





P Jeffery - Director


WATERSCAPES LIMITED (REGISTERED NUMBER: 04391472)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Waterscapes 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. 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.

Going concern
Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that they consider that the going concern basis remains appropriate. The directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future. The directors believe this to be the case as the company has positive cash balances, positive reserves and no significant long-term liabilities.

Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost
Plant and machinery - 24% on cost
Fixtures and fittings - 24% on cost
Motor vehicles - 24% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of the financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

WATERSCAPES LIMITED (REGISTERED NUMBER: 04391472)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more then 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with no significant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

Financial reporting standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
- the requirements of Section 7 Statement of Cash Flows;
- the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d);
- the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A;
- the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29;
- the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
- the requirements of Section 33 Related Party Disclosures paragraph 33.7.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2023 - 34 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2023 748,650 27,573 118,506 388,292 1,283,021
Additions - 1,355 5,501 193,459 200,315
Disposals - - - (35,424 ) (35,424 )
At 30 April 2024 748,650 28,928 124,007 546,327 1,447,912
DEPRECIATION
At 1 May 2023 131,926 24,046 104,898 164,751 425,621
Charge for year 8,611 1,482 6,244 99,854 116,191
Eliminated on disposal - - - (26,662 ) (26,662 )
At 30 April 2024 140,537 25,528 111,142 237,943 515,150
NET BOOK VALUE
At 30 April 2024 608,113 3,400 12,865 308,384 932,762
At 30 April 2023 616,724 3,527 13,608 223,541 857,400

5. STOCKS
2024 2023
£    £   
Stocks 8,124 274

WATERSCAPES LIMITED (REGISTERED NUMBER: 04391472)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 727,420 585,165
Other debtors 16,574 16,482
Directors' loan accounts 8,000 8,500
Accrued contract income 210,481 254,160
Prepayments 20,002 19,173
982,477 883,480

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 128,032 118,622
Corporation tax 116,384 62,574
Social security and other taxes 59,554 41,127
VAT 33,065 9,754
Other creditors 41,649 35,684
Accruals and deferred income 179,154 151,343
557,838 419,104

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 49,122 35,971
Between one and five years 55,753 42,471
104,875 78,442

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 82,370 60,769

Deferred
tax
£   
Balance at 1 May 2023 60,769
Charge to Income Statement during year 21,601
Balance at 30 April 2024 82,370

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50,000 Ordinary £1 50,000 50,000

The company holds 4,830 (2023: 5,830) Ordinary £1 shares in treasury which it acquired for consideration of £79,695 (2023: £96,195).

During the period, 1,000 Ordinary £1 shares that were held in treasury were sold for total consideration of £5,000.

WATERSCAPES LIMITED (REGISTERED NUMBER: 04391472)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


11. RESERVES
Own
Capital shares
Retained Share redemption held in
earnings premium reserve treasury Totals
£    £    £    £    £   

At 1 May 2023 1,760,271 99,900 100 (96,195 ) 1,764,076
Profit for the year 392,645 392,645
Dividends (143,553 ) (143,553 )
Exercise of share options (11,500 ) - - 16,500 5,000
At 30 April 2024 1,997,863 99,900 100 (79,695 ) 2,018,168

12. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charged represent contributions payable by the company to the fund and amounted to £39,502 (2023: £32,135). Contributions totalling £8,705 (2023: £5,821) were payable to the fund at the balance sheet date and included within creditors.

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
P Jeffery
Balance outstanding at start of year 5,000 -
Amounts advanced 2,500 5,000
Amounts repaid (2,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,000 5,000

W R Tunnicliffe
Balance outstanding at start of year 3,500 -
Amounts advanced - 5,000
Amounts repaid (500 ) (1,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,000 3,500

Directors' advances are included within debtors due within one year, and are interest free and repayable upon demand.

14. ULTIMATE CONTROLLING PARTY

The directors consider there to be no ultimate controlling party.