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Registered number: 03307144
Wychwood Water Systems Limited
Financial Statements
For The Year Ended 31 March 2024
M R Beaumont & Co
28a High Street
Standlake
Oxfordshire
OX29 7RY
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 03307144
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,669 9,291
6,669 9,291
CURRENT ASSETS
Stocks 204,197 129,788
Debtors 5 176,150 214,903
Cash at bank and in hand 80,000 5,984
460,347 350,675
Creditors: Amounts Falling Due Within One Year 6 (246,521 ) (169,706 )
NET CURRENT ASSETS (LIABILITIES) 213,826 180,969
TOTAL ASSETS LESS CURRENT LIABILITIES 220,495 190,260
NET ASSETS 220,495 190,260
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 220,493 190,258
SHAREHOLDERS' FUNDS 220,495 190,260
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
P J Wood
Director
25th April 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Wychwood Water Systems Limited Registered number 03307144 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit K, Country Park, Avenue Two, Station Lane, Witney, Oxfordshire, OX28 4YD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company to customers during the year, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value by equal annual instalments, over their expected useful lives on the following bases:
Leasehold 25 years
Plant & Machinery 5 years
Motor Vehicles 4 years
Fixtures & Fittings 10 years
Computer Equipment 3 years
2.4. Stocks and Work in Progress
Stocks and work in prpgress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct expenditure.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. 
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 3 3
Sales, marketing and distribution 1 2
Manufacturing 4 4
8 9
Page 2
Page 3
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2023 49,649 19,152 164,089 19,716
As at 31 March 2024 49,649 19,152 164,089 19,716
Depreciation
As at 1 April 2023 41,617 18,980 164,089 18,831
Provided during the period 2,006 172 - 241
As at 31 March 2024 43,623 19,152 164,089 19,072
Net Book Value
As at 31 March 2024 6,026 - - 644
As at 1 April 2023 8,032 172 - 885
Computer Equipment Total
£ £
Cost
As at 1 April 2023 19,514 272,120
As at 31 March 2024 19,514 272,120
Depreciation
As at 1 April 2023 19,312 262,829
Provided during the period 203 2,622
As at 31 March 2024 19,515 265,451
Net Book Value
As at 31 March 2024 (1 ) 6,669
As at 1 April 2023 202 9,291
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 148,190 173,662
Prepayments and accrued income 598 9,923
Other debtors 756 849
Director's loan account 26,606 30,469
176,150 214,903
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 155,669 64,594
Bank loans and overdrafts 1,125 -
Corporation tax 14,426 -
Other taxes and social security 22,341 20,768
VAT creditor 42,788 41,285
Other creditors 152 2,114
Pension Fund 4,817 4,798
Accruals 5,203 36,147
246,521 169,706
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. Directors Advances, Credits and Guarantees
Directors Loan
 The £26,606 director's loan was repaid to the company on 29th November 2024
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Peter Wood 30,469 26,606 30,469 - 26,606
Page 4