Registered Number:SC295178 |
For the year ended 31 May 2024
Scotland
Unaudited Financial Statements
Waterflow Bathrooms Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
4,725
6,299
3
4,725
6,299
35,420
7,795
4
Trade and other receivables |
8,818
41,387
5
97,836
Cash and cash equivalents |
57,793
106,975
142,074
Trade and other payables: amounts falling due within one year |
(120,291)
(99,693)
6
21,783
7,282
Net current assets
Total assets less current liabilities |
12,007
28,082
Trade and other payables: amounts falling due after more than one year |
(19,390)
(10,291)
7
(663)
(663)
Provisions for liabilities |
1,053
Net assets
8,029
100
100
953
7,929
1,053
8,029
Shareholders' funds
For the year ended 31 May 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 of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Stewart McConnachie Director |
These financial statements were approved and authorised for issue by the Board on 26 March 2025 and were signed by: |
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For the year ended 31 May 2024
Waterflow Bathrooms Ltd
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 31 May 2024
Waterflow Bathrooms Ltd
Notes to the Financial Statements
Statutory Information
Waterflow Bathrooms Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number SC295178. |
Unit 3, Nappers Mews
15 Kirk Street
Dundee
DD2 3UY
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have |
been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Showroom
Computer equipment
Motor vehicles
Fixtures & fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis. |
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For the year ended 31 May 2024
Waterflow Bathrooms Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
25,000
25,000
25,000
25,000
-
-
3. Property, plant and equipment |
Fixtures & fittings
Motor vehicles
Showroom
45,709
1,722
4,089
34,508
5,390
34,508
4,089
1,722
45,709
5,390
Provision for depreciation and impairment |
39,410
1,722
3,729
29,274
4,685
Charge for year
1,574
-
90
1,308
176
40,984
1,722
3,819
30,582
4,861
529
3,926
270
-
4,725
705
5,234
360
-
6,299
2023
2024
7,795
35,420
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For the year ended 31 May 2024
Waterflow Bathrooms Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables |
2023
2024
15,931
5,362
25,456
3,456
8,818
41,387
6. Trade and other payables: amounts falling due within one year |
2023
2024
Bank loans and overdraft (secured) |
9,584
9,584
37,603
39,066
Taxation and social security |
41,747
55,216
10,759
16,425
99,693
120,291
7. Trade and other payables: amounts falling due after more than one year |
2023
2024
Bank loans and overdraft (secured) |
10,291
19,390
8. Average number of persons employed |
During the year the average number of employees was 5 (2023 : 5)
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