REGISTERED NUMBER: 10555920 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Watermatic Fire Sprinklers Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K A Winstanley

B Burrell

M P Pipe

SECRETARY:

REGISTERED OFFICE:

Bridge House

12 Market Street

Glossop

Derbyshire

SK13 8AR

REGISTERED NUMBER:

10555920 (England and Wales)

ACCOUNTANTS:

Lomas and Company Accountants Limited

Bridge House

12 Market Street

Glossop

Derbyshire

SK13 8AR

FIXED ASSETS

Tangible assets

4

12,252

27,008

CURRENT ASSETS

Debtors

5

509,487

483,389

Cash at bank

108,045

90,104

617,532

573,493

CREDITORS

Amounts falling due within one year

6

227,261

238,878

NET CURRENT ASSETS

390,271

334,615

TOTAL ASSETS LESS CURRENT LIABILITIES

402,523

361,623

CREDITORS

Amounts falling due after more than one year

7

(13,333

)

(43,333

)

PROVISIONS FOR LIABILITIES

(2,913

)

-

NET ASSETS

386,277

318,290

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

386,274

318,287

SHAREHOLDERS' FUNDS

386,277

318,290

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2025 and were signed on its behalf by:

B Burrell - Director

1.	STATUTORY INFORMATION

Watermatic Fire Sprinklers 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.

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.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

2,000

12,512

1,253

Additions

-

-

-

Disposals

-

-

-

At 31 March 2025

2,000

12,512

1,253

DEPRECIATION

At 1 April 2024

1,200

12,512

721

Charge for year

200

-

133

Eliminated on disposal

-

-

-

At 31 March 2025

1,400

12,512

854

NET BOOK VALUE

At 31 March 2025

600

-

399

At 31 March 2024

800

-

532

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

43,095

8,684

67,544

Additions

-

707

707

Disposals

(18,495

)

-

(18,495

)

At 31 March 2025

24,600

9,391

49,756

DEPRECIATION

At 1 April 2024

18,854

7,249

40,536

Charge for year

3,460

1,267

5,060

Eliminated on disposal

(8,092

)

-

(8,092

)

At 31 March 2025

14,222

8,516

37,504

NET BOOK VALUE

At 31 March 2025

10,378

875

12,252

At 31 March 2024

24,241

1,435

27,008

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

235,246

244,691

Other debtors

300

300

Directors' current accounts

227,608

209,531

VAT

46,333

28,867

509,487

483,389

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

30,000

30,000

Trade creditors

79,338

106,968

Tax

110,164

99,988

Social security and other taxes

6,056

-

Other creditors

392

841

Accrued expenses

1,311

1,081

227,261

238,878

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

13,333

43,333

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

K A Winstanley

Balance outstanding at start of year

84,210

64,909

Amounts advanced

84,069

84,210

Amounts repaid

(84,210

)

(64,909

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

84,069

84,210

B Burrell

Balance outstanding at start of year

65,710

46,409

Amounts advanced

84,069

65,710

Amounts repaid

(65,710

)

(46,409

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

84,069

65,710

M P Pipe

Balance outstanding at start of year

59,610

40,309

Amounts advanced

59,469

59,610

Amounts repaid

(59,610

)

(40,309

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

59,469

59,610

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr B Burrell, Mr K Winstanley, and Mr M Pipe