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REGISTERED NUMBER: 12766189 (England and Wales)















Wateringpool Cars Limited

Unaudited Financial Statements for the Year Ended 30 July 2024






Wateringpool Cars Limited (Registered number: 12766189)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Wateringpool Cars Limited

Company Information
for the Year Ended 30 July 2024







Directors: Peter Alan Hunter
Dawn Michelle Hunter





Registered office: Chorley New Road
Horwich
Bolton
Greater Manchester
BL6 6DU





Registered number: 12766189 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Wateringpool Cars Limited (Registered number: 12766189)

Statement of Financial Position
30 July 2024

2024 2023
Notes £    £    £   
Fixed assets
Intangible assets 4 50,000 50,000
Tangible assets 5 15,762 14,109
65,762 64,109

Current assets
Stocks 424,388 466,405
Debtors 6 (1,264 ) (588 )
Cash at bank and in hand 44,343 25,956
467,467 491,773
Creditors
Amounts falling due within one year 7 392,144 485,735
Net current assets 75,323 6,038
Total assets less current liabilities 141,085 70,147

Creditors
Amounts falling due after more than one
year

8

(94,278

)

-

Provisions for liabilities 9 (2,995 ) (2,423 )
Net assets 43,812 67,724

Wateringpool Cars Limited (Registered number: 12766189)

Statement of Financial Position - continued
30 July 2024

2024 2023
Notes £    £    £   
Capital and reserves
Called up share capital 10 100 100
Retained earnings 43,712 67,624
Shareholders' funds 43,812 67,724

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 July 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 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 11 April 2025 and were signed on its behalf by:





Peter Alan Hunter - Director


Wateringpool Cars Limited (Registered number: 12766189)

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

1. Statutory information

Wateringpool Cars 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 in respect of the sale of pre-used vehicles and vehicle repair services provided, net of value added tax.

Goodwill
Amortisation of goodwill has not been provided for by the company as in the opinion of the directors it has indefinite useful economic life. This accounting policy departs from the usual requirements of FRS 102 to amortise goodwill over a finite period. The effect of the departure is that amortisation as required by the requirements of FRS 102 has not been accounted for. If amortisation had been accounted for, the charge would have amounted to £5,000 and the profit for the year reduced accordingly.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks
Stocks are valued at cost

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.


Wateringpool Cars Limited (Registered number: 12766189)

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

2. Accounting policies - continued
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 5 (2023 - 5 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 31 July 2023
and 30 July 2024 50,000
Net book value
At 30 July 2024 50,000
At 30 July 2023 50,000

Wateringpool Cars Limited (Registered number: 12766189)

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

5. Tangible fixed assets
Plant and
machinery
£   
Cost
At 31 July 2023 22,530
Additions 5,594
At 30 July 2024 28,124
Depreciation
At 31 July 2023 8,421
Charge for year 3,941
At 30 July 2024 12,362
Net book value
At 30 July 2024 15,762
At 30 July 2023 14,109

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors (1,264 ) (588 )

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 13,631 -
Trade creditors 198,431 268,163
Taxation and social security 47,726 57,783
Other creditors 132,356 159,789
392,144 485,735

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 94,278 -

Wateringpool Cars Limited (Registered number: 12766189)

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

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 2,995 2,423

Deferred
tax
£   
Balance at 31 July 2023 2,423
Provided during year 572
Balance at 30 July 2024 2,995

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100