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
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
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
Waterlip Electrical Contracting Limited
Statement of financial position
as at 31 July 2024
Tangible assets
27,282
17,804
Inventories
68,501
109,909
Cash at bank and in hand
(2,843)
-
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)
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
Waterlip Electrical Contracting Limited
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 July 2024
11,035
11,066
5,181
27,282
At 31 July 2023
17,804
-
-
17,804
Amounts falling due within one year
Trade debtors
134,107
78,303
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
-
Obligations under finance leases and hire purchase contracts
3,980
-
Trade creditors
57,620
151,749
Taxes and social security
6,161
-
Loans from directors
79,829
-
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
10,613
-
8
Average number of employees
During the year the average number of employees was 10 (2023: 7).