1 August 2023 false No description of principal activity Taxfiler 2024.6 09695832business:PrivateLimitedCompanyLtd2023-08-012024-07-31 096958322023-07-31 096958322023-08-012024-07-31 09695832business:AuditExemptWithAccountantsReport2023-08-012024-07-31 09695832business:FilletedAccounts2023-08-012024-07-31 096958322024-07-31 09695832business:Director12023-08-012024-07-31 09695832business:Director22023-08-012024-07-31 09695832business:RegisteredOffice2023-08-012024-07-31 096958322023-07-31 09695832core:WithinOneYear2024-07-31 09695832core:WithinOneYear2023-07-31 09695832core:AfterOneYear2024-07-31 09695832core:AfterOneYear2023-07-31 09695832core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 09695832core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 09695832core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 09695832core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 09695832core:PreviouslyStatedAmount2024-07-31 09695832core:PreviouslyStatedAmount2023-07-31 09695832business:SmallEntities2023-08-012024-07-31 09695832countries:EnglandWales2023-08-012024-07-31 09695832core:PlantMachinery2023-07-31 09695832core:MotorVehicles2023-07-31 09695832core:FurnitureFittings2023-07-31 09695832core:PlantMachinery2023-08-012024-07-31 09695832core:MotorVehicles2023-08-012024-07-31 09695832core:FurnitureFittings2023-08-012024-07-31 09695832core:PlantMachinery2024-07-31 09695832core:MotorVehicles2024-07-31 09695832core:FurnitureFittings2024-07-31 096958322022-08-012023-07-31 iso4217:GBP xbrli:pure
Company Registration No. 09695832 (England and Wales)
Waterlip Electrical Contracting Limited Unaudited accounts for the year ended 31 July 2024
Waterlip Electrical Contracting Limited Unaudited accounts Contents
Page
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Waterlip Electrical Contracting Limited Company Information for the year ended 31 July 2024
Directors
Annette Dory Sean Liam Morgan Sean
Company Number
09695832 (England and Wales)
Registered Office
5 Commercial Road Shepton Mallet BA4 5BU England
Accountants
BMG Accountancy Services Ltd 5 Commercial Road Shepton Mallet Somerset BA4 5BU
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Waterlip Electrical Contracting Limited Accountants' report
Accountants' report to the board of directors of Waterlip Electrical Contracting Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 July 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 July 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
BMG Accountancy Services Ltd 5 Commercial Road Shepton Mallet Somerset BA4 5BU 15 April 2025
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Waterlip Electrical Contracting Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,282 
17,804 
Current assets
Inventories
68,501 
109,909 
Debtors
136,597 
78,303 
Cash at bank and in hand
(2,843)
- 
202,255 
188,212 
Creditors: amounts falling due within one year
(192,506)
(151,749)
Net current assets
9,749 
36,463 
Total assets less current liabilities
37,031 
54,267 
Creditors: amounts falling due after more than one year
(20,991)
(18,333)
Net assets
16,040 
35,934 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
15,940 
35,834 
Shareholders' funds
16,040 
35,934 
For the year ending 31 July 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 15 April 2025 and were signed on its behalf by
Liam Morgan Sean Director Company Registration No. 09695832
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Waterlip Electrical Contracting Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Waterlip Electrical Contracting Limited is a private company, limited by shares, registered in England and Wales, registration number 09695832. The registered office is 5 Commercial Road, Shepton Mallet, BA4 5BU, England.
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:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
69,526 
83,525 
49,042 
202,093 
Additions
1,125 
15,132 
6,476 
22,733 
Disposals
- 
(1,300)
- 
(1,300)
At 31 July 2024
70,651 
97,357 
55,518 
223,526 
Depreciation
At 1 August 2023
51,722 
83,525 
49,042 
184,289 
Charge for the year
7,894 
2,766 
1,295 
11,955 
At 31 July 2024
59,616 
86,291 
50,337 
196,244 
Net book value
At 31 July 2024
11,035 
11,066 
5,181 
27,282 
At 31 July 2023
17,804 
- 
- 
17,804 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
134,107 
78,303 
Other debtors
2,490 
- 
136,597 
78,303 
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Waterlip Electrical Contracting Limited Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
17,848 
- 
VAT
24,667 
- 
Obligations under finance leases and hire purchase contracts
3,980 
- 
Trade creditors
57,620 
151,749 
Taxes and social security
6,161 
- 
Other creditors
1,641 
- 
Loans from directors
79,829 
- 
Accruals
760 
- 
192,506 
151,749 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,378 
18,333 
Obligations under finance leases and hire purchase contracts
10,613 
- 
20,991 
18,333 
8
Average number of employees
During the year the average number of employees was 10 (2023: 7).
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