Company Registration No. 08823741 (England and Wales)
Watertight Plumbing Solutions Limited
Unaudited accounts
for the year ended 31 December 2024
Watertight Plumbing Solutions Limited
Unaudited accounts
Contents
Watertight Plumbing Solutions Limited
Company Information
for the year ended 31 December 2024
Directors
Simon Long
Jodie Procter
Company Number
08823741 (England and Wales)
Registered Office
Unit 9 Pondacre Farm
Yarmouth Road
Calbourne
Isle of Wight
PO30 4LZ
Accountants
Vision Accounting
Fortis House
Cothey Way
Ryde
Isle of Wight
PO33 1QT
Watertight Plumbing Solutions Limited
Statement of financial position
as at 31 December 2024
Tangible assets
285,110
69,921
Cash at bank and in hand
278,028
228,554
Creditors: amounts falling due within one year
(162,915)
(162,008)
Net current assets
273,741
366,892
Total assets less current liabilities
558,851
436,813
Creditors: amounts falling due after more than one year
(153,300)
(66,947)
Net assets
405,551
369,866
Called up share capital
200
200
Profit and loss account
405,351
369,666
Shareholders' funds
405,551
369,866
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2025 and were signed on its behalf by
Simon Long
Director
Company Registration No. 08823741
Watertight Plumbing Solutions Limited
Notes to the Accounts
for the year ended 31 December 2024
Watertight Plumbing Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 08823741. The registered office is Unit 9 Pondacre Farm, Yarmouth Road, Calbourne, Isle of Wight, PO30 4LZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 January 2024
-
89,370
89,370
Additions
200,000
40,250
240,250
At 31 December 2024
200,000
129,620
329,620
At 1 January 2024
-
19,449
19,449
Charge for the year
-
25,061
25,061
At 31 December 2024
-
44,510
44,510
At 31 December 2024
200,000
85,110
285,110
At 31 December 2023
-
69,921
69,921
Watertight Plumbing Solutions Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
100,563
154,055
Amounts due from group undertakings etc.
32,446
133,887
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,714
-
Obligations under finance leases and hire purchase contracts
929
853
Trade creditors
72,117
90,057
Taxes and social security
31,655
21,915
Loans from directors
56,500
46,897
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
41,018
41,947
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).