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REGISTERED NUMBER: 03925989 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Torr Waterfield Limited

Torr Waterfield Limited (Registered number: 03925989)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Torr Waterfield Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: M A Torr
M C Waterfield
T Simpson
J C Noon
P J Morris
A Ferris
N B Bathia
M M Smith
D R Weir





REGISTERED OFFICE: Park House
37 Clarence Street
LEICESTER
Leicestershire
LE1 3RW





REGISTERED NUMBER: 03925989 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Torr Waterfield Limited (Registered number: 03925989)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,978 35,934

CURRENT ASSETS
Debtors 5 1,533,592 1,329,044
Cash at bank and in hand 269,156 243,758
1,802,748 1,572,802
CREDITORS
Amounts falling due within one year 6 771,187 668,632
NET CURRENT ASSETS 1,031,561 904,170
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,059,539

940,104

CREDITORS
Amounts falling due after more than one
year

7

(25,926

)

(70,371

)

PROVISIONS FOR LIABILITIES (5,677 ) (7,510 )
NET ASSETS 1,027,936 862,223

CAPITAL AND RESERVES
Called up share capital 1,444 2,125
Capital redemption reserve 766 -
Retained earnings 1,025,726 860,098
SHAREHOLDERS' FUNDS 1,027,936 862,223

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Torr Waterfield Limited (Registered number: 03925989)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by:




M C Waterfield - Director



T Simpson - Director


Torr Waterfield Limited (Registered number: 03925989)

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

1. STATUTORY INFORMATION

Torr Waterfield 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 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.
Improvements to property - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 62 (2023 - 61 ) .

Torr Waterfield Limited (Registered number: 03925989)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 278,025 58,246 227,545 563,816
Additions - 8,558 15,558 24,116
Disposals - (9,871 ) (32,389 ) (42,260 )
At 31 August 2024 278,025 56,933 210,714 545,672
DEPRECIATION
At 1 September 2023 278,025 47,389 202,468 527,882
Charge for year - 7,170 24,902 32,072
Eliminated on disposal - (9,871 ) (32,389 ) (42,260 )
At 31 August 2024 278,025 44,688 194,981 517,694
NET BOOK VALUE
At 31 August 2024 - 12,245 15,733 27,978
At 31 August 2023 - 10,857 25,077 35,934

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 1,312,696 1,155,671
Other debtors 220,896 173,373
1,533,592 1,329,044

Other debtors includes prepayments and accrued income of £114,315 (2023: £128,124).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 44,444 44,444
Trade creditors 77,621 81,511
Taxation and social security 540,043 447,016
Other creditors 109,079 95,661
771,187 668,632

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 25,926 70,371

8. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees & contingencies that are not included in the balance sheet is £484,873(2023: £435,021).

Torr Waterfield Limited (Registered number: 03925989)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
M A Torr
Balance outstanding at start of year 4,098 6,192
Amounts advanced 19,353 8,952
Amounts repaid (6,053 ) (11,046 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,398 4,098

The loan was interest free & repayable on demand.