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Company No: 05819551 (England and Wales)

# WESSEX DRAIN SERVICES LIMITED

### Unaudited Financial Statements
For the financial year ended 30 June 2025
Pages for filing with the registrar

WESSEX DRAIN SERVICES LIMITED

## Unaudited Financial Statements

For the financial year ended 30 June 2025

Contents

WESSEX DRAIN SERVICES LIMITED

## BALANCE SHEET

As at 30 June 2025
WESSEX DRAIN SERVICES LIMITED

## BALANCE SHEET (continued)

As at 30 June 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 0 |  | 1,100
Tangible assets | 4 | 331,292 |  | 374,445
|  | 331,292 |  | 375,545
Current assets |  |  |  |
Debtors | 5 | 199,135 |  | 210,001
Cash at bank and in hand |  | 864,996 |  | 831,342
|  | 1,064,131 |  | 1,041,343
Creditors: amounts falling due within one year | 6 | ( 236,367) |  | ( 255,993)
Net current assets |  | 827,764 |  | 785,350
Total assets less current liabilities |  | 1,159,056 |  | 1,160,895
Provision for liabilities | 7 | ( 82,092) |  | ( 92,880)
Net assets |  | 1,076,964 |  | 1,068,015
Capital and reserves |  |  |  |
Called-up share capital |  | 2 |  | 2
Profit and loss account |  | 1,076,962 |  | 1,068,013
Total shareholders' funds |  | 1,076,964 |  | 1,068,015

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have 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 Profit and Loss Account has not been delivered.

The financial statements of Wessex Drain Services Limited (registered number: 05819551) were approved and authorised for issue by the Board of Directors on 02 January 2026. They were signed on its behalf by:

K K Perry Director |

WESSEX DRAIN SERVICES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025
WESSEX DRAIN SERVICES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025

##### 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

Wessex Drain Services 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 Albert Goodman, Lupin Way, Yeovil, BA22 8WW, United Kingdom. The principal place of business is 2 Bruton Road Cottages, North Brewham, Bruton, Somerset, BA10 0JF.
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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account 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.

##### 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. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.
Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 5 years straight line

###### Goodwill

Goodwill arises on business combinations and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Goodwill has been fully amortised.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. 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 | 25 % reducing balance
Vehicles | 25 % reducing balance
Fixtures and fittings | 15 % reducing balance
Office equipment | 33 % reducing balance

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.

##### 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. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 6 |  | 6

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 July 2024 | 20,000 |  | 20,000
At 30 June 2025 | 20,000 |  | 20,000
Accumulated amortisation |  |  |
At 01 July 2024 | 18,900 |  | 18,900
Charge for the financial year | 1,100 |  | 1,100
At 30 June 2025 | 20,000 |  | 20,000
Net book value |  |  |
At 30 June 2025 | 0 |  | 0
At 30 June 2024 | 1,100 |  | 1,100

#### 4. Tangible assets

| Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 July 2024 | 792,362 |  | 113,359 |  | 8,467 |  | 7,478 |  | 921,666
Additions | 55,000 |  | 0 |  | 0 |  | 0 |  | 55,000
Disposals | ( 11,000) |  | 0 |  | 0 |  | 0 |  | ( 11,000)
At 30 June 2025 | 836,362 |  | 113,359 |  | 8,467 |  | 7,478 |  | 965,666
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 July 2024 | 468,406 |  | 68,039 |  | 4,777 |  | 5,999 |  | 547,221
Charge for the financial year | 81,862 |  | 11,330 |  | 553 |  | 489 |  | 94,234
Disposals | ( 7,081) |  | 0 |  | 0 |  | 0 |  | ( 7,081)
At 30 June 2025 | 543,187 |  | 79,369 |  | 5,330 |  | 6,488 |  | 634,374
Net book value |  |  |  |  |  |  |  |  |
At 30 June 2025 | 293,175 |  | 33,990 |  | 3,137 |  | 990 |  | 331,292
At 30 June 2024 | 323,956 |  | 45,320 |  | 3,690 |  | 1,479 |  | 374,445

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 123,746 |  | 131,566
Amounts owed by connected companies | 45,613 |  | 45,613
Prepayments | 29,776 |  | 30,758
Other debtors | 0 |  | 2,064
| 199,135 |  | 210,001

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 14,554 |  | 64,458
Amounts owed to directors | 151,446 |  | 128,675
Accruals | 4,080 |  | 3,850
Corporation tax | 43,670 |  | 54,243
Other taxation and social security | 21,493 |  | 4,578
Other creditors | 1,124 |  | 189
| 236,367 |  | 255,993

#### 7. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 82,092 |  | 92,880