H2O APPLIANCES LIMITED

Company Registration Number:
07887426 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

H2O APPLIANCES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

H2O APPLIANCES LIMITED

Balance sheet

As at 31 December 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 16,876 14,407
Total fixed assets: 16,876 14,407
Current assets
Stocks: 5,650 5,988
Debtors:   14,583 8,040
Cash at bank and in hand: 12,283 15,419
Total current assets: 32,516 29,447
Creditors: amounts falling due within one year:   (45,575) (42,956)
Net current assets (liabilities): (13,059) (13,509)
Total assets less current liabilities: 3,817 898
Total net assets (liabilities): 3,817 898
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 3,815 896
Shareholders funds: 3,817 898

The notes form part of these financial statements

H2O APPLIANCES LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 September 2023
and signed on behalf of the board by:

Name: Steven Lyons
Status: Director

The notes form part of these financial statements

H2O APPLIANCES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:Plant & Machinery 15% Reducing BalanceFixtures & Fittings 15% Reducing BalanceMotor Expenses 25% Reducing Balance

Other accounting policies

StocksStocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes at costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

H2O APPLIANCES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 3 3

H2O APPLIANCES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible Assets

Total
Cost £
At 01 January 2022 39,950
Additions 6,483
At 31 December 2022 46,433
Depreciation
At 01 January 2022 25,543
Charge for year 4,014
At 31 December 2022 29,557
Net book value
At 31 December 2022 16,876
At 31 December 2021 14,407