Water & Gas Services Cornwall Limited 09944552 false 2024-02-01 2025-01-31 2025-01-31 The principal activity of the company is is the provision of water and plumbing services. Digita Accounts Production Advanced 6.30.9574.0 true 09944552 2024-02-01 2025-01-31 09944552 2025-01-31 09944552 bus:OrdinaryShareClass1 bus:Non-cumulativeRedeemableShares 2025-01-31 09944552 core:CurrentFinancialInstruments 2025-01-31 09944552 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 09944552 core:Non-currentFinancialInstruments 2025-01-31 09944552 core:Non-currentFinancialInstruments core:AfterOneYear 2025-01-31 09944552 core:FurnitureFittingsToolsEquipment 2025-01-31 09944552 core:MotorVehicles 2025-01-31 09944552 core:OtherPropertyPlantEquipment 2025-01-31 09944552 bus:SmallEntities 2024-02-01 2025-01-31 09944552 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 09944552 bus:FilletedAccounts 2024-02-01 2025-01-31 09944552 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 09944552 bus:RegisteredOffice 2024-02-01 2025-01-31 09944552 bus:Director1 2024-02-01 2025-01-31 09944552 bus:Director2 2024-02-01 2025-01-31 09944552 bus:OrdinaryShareClass1 bus:Non-cumulativeRedeemableShares 2024-02-01 2025-01-31 09944552 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 09944552 bus:Agent1 2024-02-01 2025-01-31 09944552 core:FurnitureFittingsToolsEquipment 2024-02-01 2025-01-31 09944552 core:MotorVehicles 2024-02-01 2025-01-31 09944552 core:OtherPropertyPlantEquipment 2024-02-01 2025-01-31 09944552 core:PlantMachinery 2024-02-01 2025-01-31 09944552 core:Vehicles 2024-02-01 2025-01-31 09944552 countries:AllCountries 2024-02-01 2025-01-31 09944552 2024-01-31 09944552 core:FurnitureFittingsToolsEquipment 2024-01-31 09944552 core:MotorVehicles 2024-01-31 09944552 core:OtherPropertyPlantEquipment 2024-01-31 09944552 2023-02-01 2024-01-31 09944552 2024-01-31 09944552 bus:OrdinaryShareClass1 bus:Non-cumulativeRedeemableShares 2024-01-31 09944552 core:CurrentFinancialInstruments 2024-01-31 09944552 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 09944552 core:Non-currentFinancialInstruments 2024-01-31 09944552 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 09944552 core:FurnitureFittingsToolsEquipment 2024-01-31 09944552 core:MotorVehicles 2024-01-31 09944552 core:OtherPropertyPlantEquipment 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09944552

Water & Gas Services Cornwall Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2025

Water & Gas Services Cornwall Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

Water & Gas Services Cornwall Limited

Company Information

Directors | A Folland J Hartley

Registered office | 79-81 Boslowick Road Falmouth Cornwall TR11 4QD

Accountants | Julia Evans Accountants Ltd 79-81 Boslowick Road Falmouth Road Falmouth Cornwall TR11 4QD

Water & Gas Services Cornwall Limited

(Registration number: 09944552)
Balance Sheet as at 31 January 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 4,334 | 1,155
Current assets |  |  |
Stocks |  | 800 | 600
Debtors | 5 | 21,388 | 21,221
Cash at bank and in hand |  | 9,016 | 12,409
|  | 31,204 | 34,230
Creditors: Amounts falling due within one year | 6 | (33,081) | (29,496)
Net current (liabilities)/assets |  | (1,877) | 4,734
Total assets less current liabilities |  | 2,457 | 5,889
Creditors: Amounts falling due after more than one year | 6 | (1,583) | (5,647)
Provisions for liabilities |  | (824) | (219)
Net assets |  | 50 | 23
Capital and reserves |  |  |
Called up share capital | 7 | 2 | 2
Retained earnings |  | 48 | 21
Shareholders' funds |  | 50 | 23

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Water & Gas Services Cornwall Limited

(Registration number: 09944552)
Balance Sheet as at 31 January 2025

Approved and authorised by the Board on 23 October 2025 and signed on its behalf by:

......................................... A Folland Director
......................................... J Hartley Director

Water & Gas Services Cornwall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
79-81 Boslowick Road
Falmouth
Cornwall
TR11 4QD

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of, returns, rebates and discounts.

Tax

Taxation represents the sum of tax currently payable and deferred tax.
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period.

Water & Gas Services Cornwall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant & machinery | 25% Reducing balance basis
Motor vehicles | 25% Reducing balance basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Dividends

Dividend 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.

Water & Gas Services Cornwall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

Water & Gas Services Cornwall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 February 2024 | 317 | 3,995 | 2,351 | 6,663
Additions | - | 3,500 | 1,125 | 4,625
At 31 January 2025 | 317 | 7,495 | 3,476 | 11,288
Depreciation
At 1 February 2024 | 79 | 3,595 | 1,834 | 5,508
Charge for the year | 60 | 975 | 411 | 1,446
At 31 January 2025 | 139 | 4,570 | 2,245 | 6,954
Carrying amount
At 31 January 2025 | 178 | 2,925 | 1,231 | 4,334
At 31 January 2024 | 238 | 400 | 517 | 1,155

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 13,493 | 10,494
Prepayments | 229 | 236
Other debtors | 7,666 | 10,491
| 21,388 | 21,221

Water & Gas Services Cornwall Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 4,000 | 4,000
Trade creditors |  | 6,463 | 13,671
Taxation and social security |  | 6,588 | 3,628
Accruals and deferred income |  | 2,216 | 1,419
Other creditors |  | 13,814 | 6,778
|  | 33,081 | 29,496

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 1,583 | 5,647

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 2 | 2 | 2 | 2

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 1,583 | 5,647

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 4,000 | 4,000