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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
Page
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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
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Watertight Plumbing Solutions Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
285,110 
69,921 
Current assets
Inventories
8,500 
8,500 
Debtors
150,128 
291,846 
Cash at bank and in hand
278,028 
228,554 
436,656 
528,900 
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 
Capital and reserves
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
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Watertight Plumbing Solutions Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
At 1 January 2024
- 
19,449 
19,449 
Charge for the year
- 
25,061 
25,061 
At 31 December 2024
- 
44,510 
44,510 
Net book value
At 31 December 2024
200,000 
85,110 
285,110 
At 31 December 2023
- 
69,921 
69,921 
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Watertight Plumbing Solutions Limited Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
17,119 
3,904 
Trade debtors
100,563 
154,055 
Amounts due from group undertakings etc.
32,446 
133,887 
150,128 
291,846 
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 
Other creditors
- 
2,286 
Loans from directors
56,500 
46,897 
162,915 
162,008 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
112,282 
25,000 
Obligations under finance leases and hire purchase contracts
41,018 
41,947 
153,300 
66,947 
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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