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REGISTERED NUMBER: 13658207 (England and Wales)











AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

4TH OCTOBER 2021 TO 31ST DECEMBER 2022

FOR

ZEROWATER UK LTD

ZEROWATER UK LTD (REGISTERED NUMBER: 13658207)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 4TH OCTOBER 2021 TO 31ST DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ZEROWATER UK LTD

COMPANY INFORMATION
FOR THE PERIOD 4TH OCTOBER 2021 TO 31ST DECEMBER 2022







DIRECTORS: D Kellam
T M Lloyd
M Miradoli





REGISTERED OFFICE: Fourth Floor Abbots House
Abbey Street
Reading
Berkshire
RG1 3BD





REGISTERED NUMBER: 13658207 (England and Wales)





AUDITORS: BW Audit Ltd
54 Thorpe Road
Norwich
Norfolk
NR1 1RY

ZEROWATER UK LTD (REGISTERED NUMBER: 13658207)

BALANCE SHEET
31ST DECEMBER 2022

Notes £    £   
FIXED ASSETS
Tangible assets 4 13,004

CURRENT ASSETS
Stocks 1,325,887
Debtors 5 547,580
Cash at bank 797,382
2,670,849
CREDITORS
Amounts falling due within one year 6 2,615,718
NET CURRENT ASSETS 55,131
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,135

PROVISIONS FOR LIABILITIES 3,196
NET ASSETS 64,939

CAPITAL AND RESERVES
Called up share capital 1,000
Retained earnings 63,939
64,939

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th October 2023 and were signed on its behalf by:





T M Lloyd - Director


ZEROWATER UK LTD (REGISTERED NUMBER: 13658207)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 4TH OCTOBER 2021 TO 31ST DECEMBER 2022

1. STATUTORY INFORMATION

Zerowater UK Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
At the time of signing the financial statements, the Directors have considered the continued economic uncertainty and its impact on the company. They have prepared forecasts and considered the financial strength of the company and the wider group.

Based on this, the Directors have concluded that they have a reasonable expectation that the company will continue for the foreseeable future, and at least twelve months from the date of signing these accounts. They therefore believe it is appropriate to prepare the financial statements on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The following criteria must also be met before revenue is recognised:

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has accepted delivery of the goods.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Fixtures and fittings - 25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and retained earnings.

Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is calculated using the first in, first out method.

ZEROWATER UK LTD (REGISTERED NUMBER: 13658207)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 4TH OCTOBER 2021 TO 31ST DECEMBER 2022

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from related parties.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income 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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating lease 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 period was 3 .

ZEROWATER UK LTD (REGISTERED NUMBER: 13658207)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 4TH OCTOBER 2021 TO 31ST DECEMBER 2022

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 15,014
At 31st December 2022 15,014
DEPRECIATION
Charge for period 2,010
At 31st December 2022 2,010
NET BOOK VALUE
At 31st December 2022 13,004

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 364,885
Other debtors 182,695
547,580

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 266,078
Amounts owed to group undertakings 2,293,860
Taxation and social security 26,739
Other creditors 29,041
2,615,718

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The auditors' report on these financial statements was unqualified and there were no matters to which the auditor drew attention by way of emphasis.

The auditors' report was signed on 20.10.2023 by Joanne Fox BA FCA (Senior Statutory Auditor) for and
on behalf of BW Audit Ltd.

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Culligan Shared Services (UK) Limited (formerly AI Aqua UK Limited). The parent undertaking of the largest and smallest group, which includes this company and for which group accounts are prepared, is Osmosis Holdings, LP. The registered office address is: 4th Floor, Harbour Place, 103 South Church Street, PO Box 10240, Grand Cayman KY1-1002, Cayman Islands.