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REGISTERED NUMBER: 09895565 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

SMART WATER UTILITIES LIMITED

SMART WATER UTILITIES LIMITED (REGISTERED NUMBER: 09895565)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMART WATER UTILITIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: A L Seargent
C Johnson





REGISTERED OFFICE: 36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL





REGISTERED NUMBER: 09895565 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

SMART WATER UTILITIES LIMITED (REGISTERED NUMBER: 09895565)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 402,983 342,429
Investments 5 30,000 53,282
432,983 395,711

CURRENT ASSETS
Debtors 6 1,226,495 1,009,194
Cash at bank 20,505 81,863
1,247,000 1,091,057
CREDITORS
Amounts falling due within one year 7 544,650 463,515
NET CURRENT ASSETS 702,350 627,542
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,135,333

1,023,253

CREDITORS
Amounts falling due after more than one
year

8

(135,036

)

(35,001

)

PROVISIONS FOR LIABILITIES 11 (31,804 ) (54,545 )
NET ASSETS 968,493 933,707

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 968,393 933,607
SHAREHOLDERS' FUNDS 968,493 933,707

SMART WATER UTILITIES LIMITED (REGISTERED NUMBER: 09895565)

BALANCE SHEET - continued
31 DECEMBER 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:




C Johnson - Director



A L Seargent - Director


SMART WATER UTILITIES LIMITED (REGISTERED NUMBER: 09895565)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Smart Water Utilities 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.
Short leasehold - 10% on cost
Plant and machinery - 33% on cost
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account and Retained Earnings, 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 3 (2021 - 3 ) .

SMART WATER UTILITIES LIMITED (REGISTERED NUMBER: 09895565)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 January 2022 - 61,381 239,920
Additions 25,988 - 24,076
Disposals - - (30,882 )
At 31 December 2022 25,988 61,381 233,114
DEPRECIATION
At 1 January 2022 - 7,189 92,765
Charge for year - 6,138 74,199
Eliminated on disposal - - (19,897 )
At 31 December 2022 - 13,327 147,067
NET BOOK VALUE
At 31 December 2022 25,988 48,054 86,047
At 31 December 2021 - 54,192 147,155

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2022 1,340 236,267 14,717 553,625
Additions - 170,748 549 221,361
Disposals - (11,531 ) (102 ) (42,515 )
At 31 December 2022 1,340 395,484 15,164 732,471
DEPRECIATION
At 1 January 2022 112 102,788 8,342 211,196
Charge for year 123 60,137 3,741 144,338
Eliminated on disposal - (6,123 ) (26 ) (26,046 )
At 31 December 2022 235 156,802 12,057 329,488
NET BOOK VALUE
At 31 December 2022 1,105 238,682 3,107 402,983
At 31 December 2021 1,228 133,479 6,375 342,429

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2022 2021
£    £   
Other investment 53,282 53,282
Investment write down (23,282 ) -
30,000 53,282

SMART WATER UTILITIES LIMITED (REGISTERED NUMBER: 09895565)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 317,540 292,904
Other debtors 642,694 448,074
Directors' current accounts 266,261 237,743
Prepayments - 30,473
1,226,495 1,009,194

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts (see note 9) 9,999 9,999
Hire purchase contracts 12,437 -
Trade creditors 26,698 22,818
Tax 184,083 132,572
Social security and other taxes 116,313 184,454
VAT 107,911 44,983
Other creditors 34 169
Accrued expenses 87,175 68,520
544,650 463,515

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans (see note 9) 25,000 35,001
Hire purchase contracts 110,036 -
135,036 35,001

9. LOANS

An analysis of the maturity of loans is given below:

2022 2021
£    £   
Amounts falling due within one year or on demand:
Bank loans 9,999 9,999

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 15,000 25,001

SMART WATER UTILITIES LIMITED (REGISTERED NUMBER: 09895565)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

10. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Hire purchase contracts 122,473 -

11. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 31,804 54,545

Deferred
tax
£   
Balance at 1 January 2022 54,545
Provided during year (22,741 )
Balance at 31 December 2022 31,804

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2022 and the period ended 31 December 2021:

2022 2021
£    £   
A L Seargent and C Johnson
Balance outstanding at start of year 237,743 234,293
Amounts advanced 28,518 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 266,261 237,743