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REGISTERED NUMBER: 02274888 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Watercare Ltd

Watercare Ltd (Registered number: 02274888)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Watercare Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: P R Smith





REGISTERED OFFICE: 1 Golden Court
Richmond
United Kingdom
Surrey
TW9 1EU





REGISTERED NUMBER: 02274888 (England and Wales)





ACCOUNTANTS: The Hughes Consultancy
1 Golden Court
Richmond
Surrey
TW9 1EU

Watercare Ltd (Registered number: 02274888)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 426,045 427,189

CURRENT ASSETS
Stocks 1,995 1,995
Debtors 5 282,433 294,222
Cash at bank and in hand 2,989 1,773
287,417 297,990
CREDITORS
Amounts falling due within one year 6 392,766 388,686
NET CURRENT LIABILITIES (105,349 ) (90,696 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

320,696

336,493

CREDITORS
Amounts falling due after more than one
year

7

128,215

143,971
NET ASSETS 192,481 192,522

CAPITAL AND RESERVES
Called up share capital 164 164
Revaluation reserve 8 192,093 192,093
Retained earnings 224 265
192,481 192,522

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Watercare Ltd (Registered number: 02274888)

Balance Sheet - continued
31 August 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2025 and were signed by:





P R Smith - Director


Watercare Ltd (Registered number: 02274888)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Watercare Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 8 (2023 - 8 ) .

Watercare Ltd (Registered number: 02274888)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 September 2023
and 31 August 2024 425,000 31,664 456,664
DEPRECIATION
At 1 September 2023 - 29,475 29,475
Charge for year - 1,144 1,144
At 31 August 2024 - 30,619 30,619
NET BOOK VALUE
At 31 August 2024 425,000 1,045 426,045
At 31 August 2023 425,000 2,189 427,189

Cost or valuation at 31 August 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 425,000 31,664 456,664

If freehold building had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 232,907 232,907

Value of land in freehold land and buildings 232,907 232,907

Freehold building was valued on an open market basis on 23 June 2022 by Stirling Ackroyd .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 65,754 91,340
Other debtors 216,679 202,882
282,433 294,222

Watercare Ltd (Registered number: 02274888)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 70,534 55,319
Trade creditors 43,663 32,422
Taxation and social security 268,725 286,982
Other creditors 9,844 13,963
392,766 388,686

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 128,215 143,971

8. RESERVES
Revaluation
reserve
£   
At 1 September 2023
and 31 August 2024 192,093