Company Registration No. NI058186 (Northern Ireland)
Wateresq Limited
Unaudited accounts
for the year ended 31 March 2025
Wateresq Limited
Unaudited accounts
Contents
Wateresq Limited
Company Information
for the year ended 31 March 2025
Directors
Catherine Connolly
Lisa Flanagan
Anne-Marie Gribben
Company Number
NI058186 (Northern Ireland)
Registered Office
3-5 Ardnabannon Road
Castlewellan
County Down
BT31 9EN
Northern Ireland
Wateresq Limited
Statement of financial position
as at 31 March 2025
Tangible assets
1,019,938
1,038,977
Inventories
139,407
312,389
Debtors
1,272,118
1,419,965
Cash at bank and in hand
2,141,819
1,583,060
Creditors: amounts falling due within one year
(1,650,737)
(1,520,392)
Net current assets
1,902,607
1,795,022
Total assets less current liabilities
2,922,545
2,833,999
Creditors: amounts falling due after more than one year
(159,974)
(286,218)
Provisions for liabilities
Deferred tax
(64,232)
(64,232)
Net assets
2,698,339
2,483,549
Called up share capital
2
2
Profit and loss account
2,698,337
2,483,547
Shareholders' funds
2,698,339
2,483,549
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by
Catherine Connolly
Director
Company Registration No. NI058186
Wateresq Limited
Notes to the Accounts
for the year ended 31 March 2025
Wateresq Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI058186. The registered office is 3-5 Ardnabannon Road, Castlewellan, County Down, BT31 9EN, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
15% Reducing Balance
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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Wateresq Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Total
At 31 March 2025
2,562,871
Charge for the year
237,363
At 31 March 2025
1,542,933
At 31 March 2025
1,019,938
At 31 March 2024
1,038,977
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
6
Average number of employees
During the year the average number of employees was 40 (2024: 40).