REGISTERED NUMBER: 10505128 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

Universal Basement Waterproofing Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Dernulc

J L Newbury

REGISTERED OFFICE:

Eradicure-Alliance House

New Road

SHEERNESS

Kent

ME12 1NB

REGISTERED NUMBER:

10505128 (England and Wales)

ACCOUNTANTS:

Blain Pritchard

Chartered Certified Accountants

29 High Street

Blue Town

SHEERNESS

Kent

ME12 1RN

FIXED ASSETS

Tangible assets

4

30,830

34,690

CURRENT ASSETS

Stocks

3,360

8,240

Debtors

5

153,084

69,689

Cash at bank

3,532

-

159,976

77,929

CREDITORS

Amounts falling due within one year

6

57,939

30,240

NET CURRENT ASSETS

102,037

47,689

TOTAL ASSETS LESS CURRENT LIABILITIES

132,867

82,379

CREDITORS

Amounts falling due after more than one year

7

(112,991

)

(56,198

)

PROVISIONS FOR LIABILITIES

(7,707

)

(8,672

)

NET ASSETS

12,169

17,509

CAPITAL AND RESERVES

Called up share capital

1,010

1,010

Retained earnings

11,159

16,499

SHAREHOLDERS' FUNDS

12,169

17,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th November 2025 and were signed on its behalf by:

S Dernulc - Director

J L Newbury - Director

1.	STATUTORY INFORMATION

Universal Basement Waterproofing 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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 Profit and Loss Account, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

65,512

Additions

6,650

At 31st March 2025

72,162

DEPRECIATION

At 1st April 2024

30,822

Charge for year

10,510

At 31st March 2025

41,332

NET BOOK VALUE

At 31st March 2025

30,830

At 31st March 2024

34,690

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st April 2024

and 31st March 2025

37,937

DEPRECIATION

At 1st April 2024

16,597

Charge for year

5,335

At 31st March 2025

21,932

NET BOOK VALUE

At 31st March 2025

16,005

At 31st March 2024

21,340

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

5,181

2,247

Other debtors

147,903

67,442

153,084

69,689

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

28,526

7,707

Hire purchase contracts

6,103

6,008

Trade creditors

-

4,389

Taxation and social security

22,010

6,792

Other creditors

1,300

5,344

57,939

30,240

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

99,974

37,079

Hire purchase contracts

13,017

19,119

112,991

56,198

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

8,279

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

S Dernulc

Balance outstanding at start of year

-

-

Amounts advanced

15,005

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

15,005

-

J L Newbury

Balance outstanding at start of year

-

-

Amounts advanced

15,005

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

15,005

-

The directors loan accounts were repaid back in full in April, May and November 2025.