REGISTERED NUMBER: 14221091 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

WATERFORD SLO LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms S Wood

SECRETARY:

REGISTERED OFFICE:

Waterford Arms Collywell Bay Road

Seaton Sluice

Whitley Bay

NE26 4QZ

REGISTERED NUMBER:

14221091 (England and Wales)

ACCOUNTANTS:

Russell & Co.

1st Floor, The Smithyside

7 Bell Villas

Ponteland

Newcastle upon Tyne

NE20 9BD

FIXED ASSETS

Tangible assets

4

7,791

-

CURRENT ASSETS

Stocks

11,285

5,453

Debtors

5

12,515

-

Prepayments and accrued income

725

-

Cash at bank and in hand

18,835

12,306

43,360

17,759

CREDITORS

Amounts falling due within one year

6

(96,428

)

(51,228

)

NET CURRENT LIABILITIES

(53,068

)

(33,469

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(45,277

)

(33,469

)

ACCRUALS AND DEFERRED INCOME

(1,786

)

-

NET LIABILITIES

(47,063

)

(33,469

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(47,064

)

(33,470

)

(47,063

)

(33,469

)

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

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

The director acknowledges her 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 director and authorised for issue on 25 September 2025 and were signed by:

Ms S Wood - Director

1.	STATUTORY INFORMATION

Waterford SLO 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.

Plant & Machinery depreciated at 25% straight line.

Fixtures & Fittings depreciated at 25% straight line.

Computer Equipment depreciated at 25% straight line.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 17 (2023 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

10,388

At 31 December 2024

10,388

DEPRECIATION

Charge for year

2,597

At 31 December 2024

2,597

NET BOOK VALUE

At 31 December 2024

7,791

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,752

-

Other debtors

10,763

-

12,515

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

(373

)

6,107

Taxation and social security

27,067

15,050

Other creditors

69,734

30,071

96,428

51,228

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2024 and the period ended 31 December 2023:

2024

2023

£

£

Ms S Wood

Balance outstanding at start of year

(30,071

)

-

Amounts advanced

(15,783

)

(30,071

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(45,854

)

(30,071

)

Loans to the directors are unsecured, interest free and repayable on demand.