REGISTERED NUMBER: 07022599 (England and Wales)

WATERSON PROJECTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A J Briggs

REGISTERED OFFICE:

Unit E2 Astwood Business Park

Astwood Lane

Astwood Bank

Redditch

Worcestershire

B96 6HH

REGISTERED NUMBER:

07022599 (England and Wales)

ACCOUNTANTS:

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

FIXED ASSETS

Tangible assets

4

9,414

13,885

CURRENT ASSETS

Stocks

13,695

14,500

Debtors

5

831,505

683,051

Cash at bank

576,544

799,759

1,421,744

1,497,310

CREDITORS

Amounts falling due within one year

6

940,558

978,377

NET CURRENT ASSETS

481,186

518,933

TOTAL ASSETS LESS CURRENT LIABILITIES

490,600

532,818

CREDITORS

Amounts falling due after more than one year

7

(170,833

)

-

PROVISIONS FOR LIABILITIES

(1,641

)

(2,713

)

NET ASSETS

318,126

530,105

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

318,124

530,103

SHAREHOLDERS' FUNDS

318,126

530,105

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 December 2025 and were signed by:

A J Briggs - Director

1.	STATUTORY INFORMATION

Waterson Projects 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 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.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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 Income Statement, 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

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

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 6 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2024

4,020

16,500

5,848

26,368

Additions

593

7,000

815

8,408

Disposals

-

(7,000

)

-

(7,000

)

At 31 August 2025

4,613

16,500

6,663

27,776

DEPRECIATION

At 1 September 2024

1,895

5,844

4,744

12,483

Charge for year

985

5,438

769

7,192

Eliminated on disposal

-

(1,313

)

-

(1,313

)

At 31 August 2025

2,880

9,969

5,513

18,362

NET BOOK VALUE

At 31 August 2025

1,733

6,531

1,150

9,414

At 31 August 2024

2,125

10,656

1,104

13,885

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

821,877

680,744

Other debtors

9,628

2,307

831,505

683,051

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

50,000

-

Trade creditors

423,429

546,607

Amounts owed to group undertakings

50,000

73,654

Taxation and social security

204,091

352,195

Other creditors

213,038

5,921

940,558

978,377

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

170,833

-

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.8.25

31.8.24

£

£

Within one year

5,825

12,250

Between one and five years

-

5,825

5,825

18,075

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Bank loans

220,833

-