Company No: 07094009 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	N Elliott-Moore
	S Elliott

Secretary

N Elliott-Moore

Registered office	Unit Y
	Continental Approach Westwood Industrial Estate
	Margate
	CT9 4JG
	Margate
	United Kingdom

Company number

07094009 (England and Wales)

Accountant	Kreston Reeves LLP
	37 St Margarets Street
	Canterbury
	Kent
	CT1 2TU

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Waterjet Signs Limited for the financial year ended 31 March 2025 which comprise the Balance Sheet and the related notes 1 to 13 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Waterjet Signs Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Waterjet Signs Limited. You consider that Waterjet Signs Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Waterjet Signs Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Waterjet Signs Limited, as a body, in accordance with the terms of our engagement letter dated 03 December 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Waterjet Signs Limited and state those matters that we have agreed to state to the Board of Directors of Waterjet Signs Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Waterjet Signs Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP

37 St Margarets Street
Canterbury
Kent
CT1 2TU

10 December 2025

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	8,693		13,575
		8,693		13,575
Current assets
Stocks		35,555		22,620
Debtors	4	60,504		71,235
Cash at bank and in hand	5	33,587		37,089
		129,646		130,944
Creditors: amounts falling due within one year	6	( 93,279)		( 77,559)
Net current assets		36,367		53,385
Total assets less current liabilities		45,060		66,960
Creditors: amounts falling due after more than one year	7, 11, 12	( 33,989)		( 43,726)
Provision for liabilities	8	( 1,652)		( 2,579)
Net assets		9,419		20,655
Capital and reserves
Called-up share capital	9	100		100
Profit and loss account		9,319		20,555
Total shareholder's funds		9,419		20,655

For the financial 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.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Waterjet Signs Limited (registered number: 07094009) were approved and authorised for issue by the Board of Directors on 09 December 2025. They were signed on its behalf by:

S Elliott Director

N Elliott-Moore Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Waterjet Signs Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit Y, Continental Approach Westwood Industrial Estate, Margate, CT9 4JG, Margate, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	5 years straight line
Vehicles	4 years straight line
Office equipment	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	11		11

3. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 01 April 2024	46,275		16,690		15,915		78,880
Additions	0		0		1,300		1,300
At 31 March 2025	46,275		16,690		17,215		80,180
Accumulated depreciation
At 01 April 2024	35,659		16,690		12,956		65,305
Charge for the financial year	4,967		0		1,215		6,182
At 31 March 2025	40,626		16,690		14,171		71,487
Net book value
At 31 March 2025	5,649		0		3,044		8,693
At 31 March 2024	10,616		0		2,959		13,575
Leased assets included above:
Net book value
At 31 March 2025	4,660		0		0		4,660
At 31 March 2024	9,280		0		0		9,280

4. Debtors

	2025		2024
	£		£
Trade debtors	57,441		68,706
Prepayments	2,613		2,079
Other debtors	450		450
	60,504		71,235

5. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	33,587		37,089

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	6,512		6,512
Trade creditors	11,214		22,389
Amounts owed to connected persons	40,725		35,566
Other taxation and social security	9,266		4,287
Obligations under finance leases and hire purchase contracts	4,851		4,513
Other creditors	20,711		4,292
	93,279		77,559

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	28,219		33,104
Obligations under finance leases and hire purchase contracts	5,770		10,622
	33,989		43,726

8. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 2,579)		( 3,403)
Credited to the Statement of Income and Retained Earnings	927		824
At the end of financial year	( 1,652)		( 2,579)

The deferred taxation balance is made up as follows:

	2025		2024
	£		£
Accelerated capital allowances	( 1,652)		( 2,579)

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary equity share shares of £ 1.00 each	100		100

10. Related party transactions

All transactions with related parties that arose in the current and prior years, including directors' remuneration payable, were done so under normal market conditions.

11. Loans

Analysis of the maturity of loans is given below:

	2025		2024
	£		£
Loan due < 1 year	(6,512)		(6,512)
Loans due 1-2 years	(6,512)		(6,512)
Loans due 2-5 years	(19,537)		(19,537)
Loans due >5 years	(2,170)		(7,055)
	(34,731)		(39,616)

12. Hire purchase and finance leases

Minimum lease payments under hire purchase fall due as follow:

	2025		2024
	£		£
HP Liabilities	(4,851)		(4,513)
Hp Liabilities 1- 2 yrs	(5,770)		(4,852)
HP Liabilities 2- 5 yrs	0		(5,770)
	(10,621)		(15,135)

13. Ultimate controlling party

The ultimate parent undertaking of the company is WJS Group Limited, a company incorporated in England and Wales, where the ultimate controlling party is S Elliott by virtue of his 51% shareholding in WJS Group Limited.