Company Registration No. 08928480 (England and Wales)
WEALDEN DRAINAGE LTD
Unaudited accounts
for the year ended 31 March 2025
WEALDEN DRAINAGE LTD
Unaudited accounts
Contents
WEALDEN DRAINAGE LTD
Statement of financial position
as at 31 March 2025
Tangible assets
37,832
31,627
Cash at bank and in hand
14,692
19,810
Creditors: amounts falling due within one year
(9,897)
(24,016)
Net current assets
7,739
8,355
Total assets less current liabilities
45,571
39,982
Creditors: amounts falling due after more than one year
(8,787)
-
Called up share capital
2
2
Profit and loss account
36,782
39,980
Shareholders' funds
36,784
39,982
For the year ending 31 March 2025 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 14 May 2025 and were signed on its behalf by
James Timothy Edgar Datchler
Director
Company Registration No. 08928480
WEALDEN DRAINAGE LTD
Notes to the Accounts
for the year ended 31 March 2025
WEALDEN DRAINAGE LTD is a private company, limited by shares, registered in England and Wales, registration number 08928480. The registered office is Prospect Cottage, The Green, Ninfield, Battle, East Sussex, TN33 9JE, 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.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
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, as follows:
Plant & machinery
25% reducing balance basis
Motor vehicles
25% reducing balance basis
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
WEALDEN DRAINAGE LTD
Notes to the Accounts
for the year ended 31 March 2025
Trade debtors are counts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditioned right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date, they are presented as non-current liabilities.
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the capital instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
4
Tangible fixed assets
Total
5
Average number of employees
During the year the average number of employees was 1 (2024: 1).