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Registered number: 04512856
Waterhouse Design Associates Limited
Financial Statements
For The Year Ended 31 August 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 04512856
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 3,877 4,473
3,877 4,473
CURRENT ASSETS
Debtors 6 104,131 52,415
Cash at bank and in hand 175,868 117,817
279,999 170,232
Creditors: Amounts Falling Due Within One Year 7 (71,180 ) (33,483 )
NET CURRENT ASSETS (LIABILITIES) 208,819 136,749
TOTAL ASSETS LESS CURRENT LIABILITIES 212,696 141,222
Creditors: Amounts Falling Due After More Than One Year 8 (3,440 ) (13,440 )
NET ASSETS 209,256 127,782
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 209,156 127,682
SHAREHOLDERS' FUNDS 209,256 127,782
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Page 2
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Lee Waterhouse
Director
28/04/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Waterhouse Design Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04512856 . The registered office is Podium House, 20a Friar Gate, Derby, DE1 1BX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Reducing Balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2024 30,000
As at 31 August 2025 30,000
Amortisation
As at 1 September 2024 30,000
As at 31 August 2025 30,000
...CONTINUED
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Net Book Value
As at 31 August 2025 -
As at 1 September 2024 -
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 September 2024 10,602
Additions 687
As at 31 August 2025 11,289
Depreciation
As at 1 September 2024 6,129
Provided during the period 1,283
As at 31 August 2025 7,412
Net Book Value
As at 31 August 2025 3,877
As at 1 September 2024 4,473
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 82,546 37,823
Other debtors 21,585 14,592
104,131 52,415
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 10,000 10,000
Other creditors 2,552 2,462
Taxation and social security 58,628 21,021
71,180 33,483
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 3,440 13,440
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9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2024 Amounts advanced Amounts repaid Amounts written off As at 31 August 2025
£ £ £ £ £
Lee Waterhouse 14,592 36,994 (30,001 ) - 21,585
The above loan is unsecured and repayable on demand.
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