Shearwater Drainage Services Limited
Unaudited Financial Statements
For the year ended 31 July 2025
Pages for Filing with Registrar
Company Registration No. 03076602 (England and Wales)
Shearwater Drainage Services Limited
Company Information
Director
A P Redmond
Secretary
S Moynihan
Company number
03076602
Registered office
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Accountants
Moore Kingston Smith LLP
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Shearwater Drainage Services Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
Shearwater Drainage Services Limited
Balance Sheet
As at 31 July 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,712
8,721
Current assets
Debtors
4
36,813
29,972
Cash at bank and in hand
6,213
13,968
43,026
43,940
Creditors: amounts falling due within one year
5
(194,765)
(159,972)
Net current liabilities
(151,739)
(116,032)
Total assets less current liabilities
(150,027)
(107,311)
Creditors: amounts falling due after more than one year
6
-
0
(9,167)
Net liabilities
(150,027)
(116,478)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(150,127)
(116,578)
Total equity
(150,027)
(116,478)
Shearwater Drainage Services Limited
Balance Sheet (Continued)
As at 31 July 2025
Page 2

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 7 April 2026
A P Redmond
Director
Company Registration No. 03076602
Shearwater Drainage Services Limited
Notes to the Financial Statements
For the year ended 31 July 2025
Page 3
1
Accounting policies
Company information

Shearwater Drainage Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Orbital House, 20 Eastern Road, Romford, Essex, RM1 3PJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the year end, the company's balance sheet shows an excess of liabilities over assets. The company meets its working capital requirements through continued financial support of the director. For this reason, the director believes that it is appropriate for these financial statements to be prepared on a going concern basis.true

1.3
Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% reducing balance
Motor vehicles
25% reducing balance

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.

1.5
Cash at bank and in hand

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 current liabilities.

1.6
Financial instruments

The company only has basic financial instruments measured at amortised cost.

Shearwater Drainage Services Limited
Notes to the Financial Statements (Continued)
For the year ended 31 July 2025
Page 4
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 2 (2024: 2).

3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2024
134,954
Disposals
(94,648)
At 31 July 2025
40,306
Depreciation and impairment
At 1 August 2024
126,233
Depreciation charged in the year
571
Eliminated in respect of disposals
(88,210)
At 31 July 2025
38,594
Carrying amount
At 31 July 2025
1,712
At 31 July 2024
8,721
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
36,813
29,913
Other debtors
-
59
36,813
29,972
Shearwater Drainage Services Limited
Notes to the Financial Statements (Continued)
For the year ended 31 July 2025
Page 5
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
585
-
0
Taxation and social security
23
34
Other creditors
191,423
157,388
Accruals and deferred income
2,734
2,550
194,765
159,972
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
9,167
7
Called up share capital
2025
2024
Ordinary share capital
£
£
Issued and fully paid
100 Ordinary Shares of £1 each
100
100
8
Related party transactions

Included in other creditors is an amount of £182,256 (2024: £147,388) due to Mr A P Redmond, the director.

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