REGISTERED NUMBER: 07905764 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Watergate Haulage Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr John Philip Burrells

Mrs Elizabeth Ann Burrells

REGISTERED OFFICE:

Watergate Farm

Egton

Whitby

North Yorkshire

YO21 1UG

REGISTERED NUMBER:

07905764 (England and Wales)

ACCOUNTANTS:

Hallgarth Accountants Ltd

2 Hallgarth

Pickering

North Yorkshire

YO18 7AW

FIXED ASSETS

Tangible assets

4

64,386

51,364

CURRENT ASSETS

Debtors

5

17,144

12,876

Cash at bank

1,403

11,032

18,547

23,908

CREDITORS

Amounts falling due within one year

6

71,833

38,497

NET CURRENT LIABILITIES

(53,286

)

(14,589

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,100

36,775

CREDITORS

Amounts falling due after more than one year

7

(1,014

)

(10,795

)

PROVISIONS FOR LIABILITIES

(9,955

)

(9,759

)

NET ASSETS

131

16,221

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

127

16,217

SHAREHOLDERS' FUNDS

131

16,221

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 23 July 2025 and were signed on its behalf by:

Mr John Philip Burrells - Director

1.	STATUTORY INFORMATION

Watergate Haulage Limited 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.

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.

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

10% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

42,893

579

80,434

1,050

124,956

Additions

-

-

64,000

-

64,000

Disposals

(42,893

)

-

(80,434

)

-

(123,327

)

At 31 March 2025

-

579

64,000

1,050

65,629

DEPRECIATION

At 1 April 2024

15,054

199

58,234

105

73,592

Charge for year

-

38

807

94

939

Eliminated on disposal

(15,054

)

-

(58,234

)

-

(73,288

)

At 31 March 2025

-

237

807

199

1,243

NET BOOK VALUE

At 31 March 2025

-

342

63,193

851

64,386

At 31 March 2024

27,839

380

22,200

945

51,364

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

15,136

11,809

Other debtors

2,008

1,067

17,144

12,876

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

8,522

6,914

Hire purchase contracts

48,896

-

Trade creditors

2,845

6,700

Taxation and social security

2,087

7,779

Other creditors

9,483

17,104

71,833

38,497

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,014

10,795