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REGISTERED NUMBER: 08394138 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Water & Air Management Limited

Water & Air Management Limited (Registered number: 08394138)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Water & Air Management Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M Goddard





REGISTERED OFFICE: The Old Schoolhouse
5-7 Byrom Street
Manchester
M3 4PF





REGISTERED NUMBER: 08394138 (England and Wales)





ACCOUNTANTS: Pareto Tax & Wealth LLP
The Old Schoolhouse
5-7 Byrom Street
Manchester
M3 4PF

Water & Air Management Limited (Registered number: 08394138)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 140,269 77,204

CURRENT ASSETS
Debtors 5 246,949 164,848
Cash at bank - 6,227
246,949 171,075
CREDITORS
Amounts falling due within one year 6 260,008 150,171
NET CURRENT (LIABILITIES)/ASSETS (13,059 ) 20,904
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,210

98,108

CREDITORS
Amounts falling due after more than one
year

7

(109,579

)

(83,032

)

PROVISIONS FOR LIABILITIES (16,659 ) (14,669 )
NET ASSETS 972 407

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 872 307
SHAREHOLDERS' FUNDS 972 407

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.

Water & Air Management Limited (Registered number: 08394138)

Balance Sheet - continued
31 March 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 21 January 2025 and were signed by:





M Goddard - Director


Water & Air Management Limited (Registered number: 08394138)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Water & Air Management 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

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 - 33% on cost, 25% on reducing balance and 20% on reducing balance

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 10 (2023 - 7 ) .

Water & Air Management Limited (Registered number: 08394138)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 150,453
Additions 98,026
At 31 March 2024 248,479
DEPRECIATION
At 1 April 2023 73,249
Charge for year 34,961
At 31 March 2024 108,210
NET BOOK VALUE
At 31 March 2024 140,269
At 31 March 2023 77,204

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 108,193 108,370
Other debtors 138,756 56,478
246,949 164,848

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 34,760 25,750
Hire purchase contracts 33,539 23,706
Trade creditors 10,047 21,166
Taxation and social security 106,656 77,049
Other creditors 75,006 2,500
260,008 150,171

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 26,105 51,855
Hire purchase contracts 83,474 31,177
109,579 83,032

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 31st March 2024, M A Goddard owed the company £131,568 (2023: £26,648). Interest was charged on the loan at 2.25% per annum.

Water & Air Management Limited (Registered number: 08394138)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. RELATED PARTY DISCLOSURES

At 31 March 2024 the company owed £67,559 (2023: £33,692 debtor) to Mark 1 Fire Solutions Limited, a company in which M Goddard is a shareholder and director.
The amount is included within trade debtors and creditors.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by M A Goddard, director and principal shareholder.