Perfect Waterproofing Ltd - Filleted accounts

Registered number

10590472

Perfect Waterproofing Ltd

Filleted Accounts

31 January 2026

Perfect Waterproofing Ltd
Registered number:		10590472
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		24,344			32,459

Current assets
Debtors	4	96,463			146,710
Cash at bank and in hand		9,774			12,737
		106,237			159,447

Creditors: amounts falling due within one year	5	(95,619)			(132,550)

Net current assets			10,618			26,897

Total assets less current liabilities			34,962			59,356

Creditors: amounts falling due after more than one year	6		(34,873)			(41,635)



Net assets			89			17,721

Capital and reserves
Called up share capital			1			1
Profit and loss account			88			17,720

Shareholders' funds			89			17,721

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Marcin Miroslaw Habrzyk
Director
Approved by the board on 22 June 2026

Perfect Waterproofing Ltd
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		2		1


3	Tangible fixed assets
					Motor vehicles
£
	Cost
	At 1 February 2025				73,618
	At 31 January 2026				73,618

	Depreciation
	At 1 February 2025				41,159
	Charge for the year				8,115
	At 31 January 2026				49,274

	Net book value
	At 31 January 2026				24,344
	At 31 January 2025				32,459


4	Debtors		2026		2025
£				£

	Trade debtors		449		449
	CIS Recoverable		96,014		146,261
			96,463		146,710


5	Creditors: amounts falling due within one year		2026		2025
£				£

	Obligations under finance lease and hire purchase contracts		1,212		1,212
	Amounts owed to group undertakings and undertakings in which the company has a participating interest		750		750
	VAT Payable		7,750		7,058
	Directors' Account		26,782		11,405
	Corporation tax		-		4,160
	Subcontractor creditors		7,354		7,354
	PAYE Payable		51,771		100,611
			95,619		132,550


6	Creditors: amounts falling due after one year		2026		2025
£				£

	Obligations under finance lease and hire purchase contracts		34,873		41,635


7	Other information

	Perfect Waterproofing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	14 Palm Court
	Palmerston Road
	Wood Green
	London
	N22 8QL