IRIS Accounts Production v23.1.5.20 05025973 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050259732022-06-30050259732023-06-30050259732022-07-012023-06-30050259732021-06-30050259732021-07-012022-06-30050259732022-06-3005025973ns15:EnglandWales2022-07-012023-06-3005025973ns14:PoundSterling2022-07-012023-06-3005025973ns10:Director12022-07-012023-06-3005025973ns10:PrivateLimitedCompanyLtd2022-07-012023-06-3005025973ns10:SmallEntities2022-07-012023-06-3005025973ns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3005025973ns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3005025973ns10:SmallCompaniesRegimeForAccounts2022-07-012023-06-3005025973ns10:FullAccounts2022-07-012023-06-3005025973ns10:Director22022-07-012023-06-3005025973ns10:RegisteredOffice2022-07-012023-06-3005025973ns5:CurrentFinancialInstruments2023-06-3005025973ns5:CurrentFinancialInstruments2022-06-3005025973ns5:Non-currentFinancialInstruments2023-06-3005025973ns5:Non-currentFinancialInstruments2022-06-3005025973ns5:ShareCapital2023-06-3005025973ns5:ShareCapital2022-06-3005025973ns5:RetainedEarningsAccumulatedLosses2023-06-3005025973ns5:RetainedEarningsAccumulatedLosses2022-06-3005025973ns5:PlantMachinery2022-06-3005025973ns5:PlantMachinery2022-07-012023-06-3005025973ns5:PlantMachinery2023-06-3005025973ns5:PlantMachinery2022-06-3005025973ns5:CostValuation2022-06-3005025973ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3005025973ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3005025973ns5:WithinOneYear2023-06-3005025973ns5:WithinOneYear2022-06-30
REGISTERED NUMBER: 05025973 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

WALLINGFORD HYDROSOLUTIONS LIMITED

WALLINGFORD HYDROSOLUTIONS LIMITED (REGISTERED NUMBER: 05025973)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WALLINGFORD HYDROSOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: J A Jeans
P R Blackman





REGISTERED OFFICE: Stables 4
Howbery Business Park
Wallingford
Oxfordshire
OX10 8BA





REGISTERED NUMBER: 05025973 (England and Wales)

WALLINGFORD HYDROSOLUTIONS LIMITED (REGISTERED NUMBER: 05025973)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,903 14,826
Investments 5 1 1
17,904 14,827

CURRENT ASSETS
Debtors 6 404,873 332,842
Cash at bank 682,808 683,165
1,087,681 1,016,007
CREDITORS
Amounts falling due within one year 7 414,896 453,039
NET CURRENT ASSETS 672,785 562,968
TOTAL ASSETS LESS CURRENT
LIABILITIES

690,689

577,795

CREDITORS
Amounts falling due after more than one
year

8

-

(83,334

)

PROVISIONS FOR LIABILITIES (4,185 ) (2,582 )
NET ASSETS 686,504 491,879

WALLINGFORD HYDROSOLUTIONS LIMITED (REGISTERED NUMBER: 05025973)

BALANCE SHEET - continued
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 686,404 491,779
SHAREHOLDERS' FUNDS 686,504 491,879

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:





J A Jeans - Director


WALLINGFORD HYDROSOLUTIONS LIMITED (REGISTERED NUMBER: 05025973)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Wallingford Hydrosolutions 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.

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


The principal activity of the company in the year under review was that of the provision of environmental consultancy, and the development of hydrological software and associated training.

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
Revenue (described as turnover) is the value of goods and services provided (net of VAT) during the year.

Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services when the right to consideration is obtained through performance.

Amounts recoverable on contracts
Amounts recoverable on contracts, which are included in debtors, are stated at the net sales value of work done after provision for contingencies and anticipated future losses on contracts.

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation on tangible assets is charged to profit or loss so as to write off their value, over their estimated useful lives, as below. Assets held under finance leases are depreciated in the same manner as owned assets.

Computer equipment, plant and machinery etc - 33% on cost

At each balance sheet date, the company reviews the carrying amounts of its tangible assets to determine if any items have suffered an impairment loss. Any impairment loss is charged to profit or loss.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

WALLINGFORD HYDROSOLUTIONS LIMITED (REGISTERED NUMBER: 05025973)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

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

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

Taxation
Tax on profit 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 the profit as reported in the profit and loss account 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 year.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities and the corresponding tax bases used to compute taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for temporary differences to the extent that it is probable that taxable profits will be available to utilise the timing difference.

Deferred tax liabilities and assets are measured at tax rates that are expected to apply in the period the liability is settled or the asset realised. The measurement of deferred tax liabilities and assets reflects the tax consequences in which the company expects to recover or settle the underlying amount of its assets and liabilities.

Hire purchase and leasing commitments
Rentals payable under operating leases are charged to profit or loss on a straight-line basis over the lease term. The aggregate benefit of lease incentives are recognised as a reduction to the expense and credited to profit or loss on a straight line basis over the lease term.

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.

Going concern
The directors are not aware of any material uncertainties that may cast significant doubt over the ability of the company to continue trading. The preparation of the financial statements on the going concern basis is therefore deemed appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 19 ) .

WALLINGFORD HYDROSOLUTIONS LIMITED (REGISTERED NUMBER: 05025973)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 July 2022 28,654
Additions 12,453
Disposals (192 )
At 30 June 2023 40,915
DEPRECIATION
At 1 July 2022 13,828
Charge for year 9,376
Eliminated on disposal (192 )
At 30 June 2023 23,012
NET BOOK VALUE
At 30 June 2023 17,903
At 30 June 2022 14,826

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 July 2022
and 30 June 2023 1
NET BOOK VALUE
At 30 June 2023 1
At 30 June 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 144,948 115,982
Amounts recoverable on contract 251,056 209,622
Other debtors 8,869 7,238
404,873 332,842

WALLINGFORD HYDROSOLUTIONS LIMITED (REGISTERED NUMBER: 05025973)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts - 83,333
Trade creditors 21,933 21,228
Taxation and social security 73,066 66,719
Other creditors 319,897 281,759
414,896 453,039

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans - 83,334

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.23 30.6.22
£    £   
Within one year 20,160 20,160