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REGISTERED NUMBER: 07834519 (England and Wales)





















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Waterproof Media Limited

Waterproof Media Limited (Registered number: 07834519)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Waterproof Media Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: R Stevenson
Mrs V Stevenson





REGISTERED OFFICE: Unit 8 The Sanctuary
Eden Office Park
Ham Green
Bristol
BS20 0DD





REGISTERED NUMBER: 07834519 (England and Wales)





ACCOUNTANTS: Sheppards Accountants Limited
22 The Square
The Millfields
Plymouth
Devon
PL1 3JX

Waterproof Media Limited (Registered number: 07834519)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 292,251 344,497

CURRENT ASSETS
Debtors 5 3,369 11,874
Cash at bank 149,097 161,294
152,466 173,168
CREDITORS
Amounts falling due within one year 6 29,640 26,278
NET CURRENT ASSETS 122,826 146,890
TOTAL ASSETS LESS CURRENT
LIABILITIES

415,077

491,387

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 415,075 491,385
415,077 491,387

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 Board of Directors and authorised for issue on 13 February 2025 and were signed on its behalf by:





R Stevenson - Director


Waterproof Media Limited (Registered number: 07834519)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Waterproof Media 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 the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% 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 4 (2023 - 4 ) .

Waterproof Media Limited (Registered number: 07834519)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 557,456 4,475 59,090 3,957 624,978
Additions 44,664 505 - - 45,169
At 30 November 2024 602,120 4,980 59,090 3,957 670,147
DEPRECIATION
At 1 December 2023 262,805 1,852 14,773 1,051 280,481
Charge for year 84,828 782 11,079 726 97,415
At 30 November 2024 347,633 2,634 25,852 1,777 377,896
NET BOOK VALUE
At 30 November 2024 254,487 2,346 33,238 2,180 292,251
At 30 November 2023 294,651 2,623 44,317 2,906 344,497

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,869 11,874
Other debtors 1,500 -
3,369 11,874

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - (1 )
Corporation tax 4,189 3,788
VAT 24,787 21,127
Directors' current accounts 664 1,364
29,640 26,278