REGISTERED NUMBER: 00869127 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Liverpool Water Witch Marine &

Engineering Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J Bamber

I R Caddick

SECRETARY:

Mrs J Bamber

REGISTERED OFFICE:

Osprey House

Berry Street

Bootle

Merseyside

L20 8AT

REGISTERED NUMBER:

00869127 (England and Wales)

ACCOUNTANTS:

SB&P

Chartered Accountants

Oriel House

2-8 Oriel Road

Bootle

Liverpool

Merseyside

L20 7EP

FIXED ASSETS

Tangible assets

4

194,031

197,430

CURRENT ASSETS

Stocks

34,213

19,455

Debtors

5

3,132

6,951

Cash at bank

125,664

167,748

163,009

194,154

CREDITORS

Amounts falling due within one year

6

23,873

27,136

NET CURRENT ASSETS

139,136

167,018

TOTAL ASSETS LESS CURRENT LIABILITIES

333,167

364,448

CAPITAL AND RESERVES

Called up share capital

7

130

130

Capital redemption reserve

119

119

Retained earnings

332,918

364,199

SHAREHOLDERS' FUNDS

333,167

364,448

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 3 December 2025 and were signed on its behalf by:

Mrs J Bamber - Director

1.	STATUTORY INFORMATION

Liverpool Water Witch Marine & Engineering Company 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 represents the fair value of services provided under contracts with customers. Turnover is recognised when the goods are delivered to the customer.

Tangible fixed assets

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

Long leasehold

-

over the term of the lease

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Boats & Equipment

-

5% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 April 2024

199,123

92,639

15,479

Additions

-

2,260

1,317

At 31 March 2025

199,123

94,899

16,796

DEPRECIATION

At 1 April 2024

14,915

87,515

15,456

Charge for year

2,489

1,098

249

At 31 March 2025

17,404

88,613

15,705

NET BOOK VALUE

At 31 March 2025

181,719

6,286

1,091

At 31 March 2024

184,208

5,124

23

Motor

Boats &

vehicles

Equipment

Totals

£

£

£

COST

At 1 April 2024

10,020

22,708

339,969

Additions

-

-

3,577

At 31 March 2025

10,020

22,708

343,546

DEPRECIATION

At 1 April 2024

6,680

17,973

142,539

Charge for year

2,004

1,136

6,976

At 31 March 2025

8,684

19,109

149,515

NET BOOK VALUE

At 31 March 2025

1,336

3,599

194,031

At 31 March 2024

3,340

4,735

197,430

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

528

-

VAT

-

4,022

Prepayments

2,604

2,929

3,132

6,951

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

181

23,758

Taxation and social security

19,059

240

Other creditors

4,633

3,138

23,873

27,136

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

30

Ordinary A

£1

30

30

50

Ordinary B

£1

50

50

50

Ordinary C

£1

50

50

130

130

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.25

31.3.24

£

£

I R Caddick

Balance outstanding at start of year

-

4,995

Amounts advanced

-

45,248

Amounts repaid

-

(50,243

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-