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REGISTERED NUMBER: 04663938 (England and Wales)













Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Water Smart (NW) Ltd

Water Smart (NW) Ltd (Registered number: 04663938)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Water Smart (NW) Ltd

Company Information
for the year ended 28 February 2023







DIRECTOR: Mrs D Jackson





REGISTERED OFFICE: Business First Business Centre
Davyfield Road
Blackburn
BB1 2QY





REGISTERED NUMBER: 04663938 (England and Wales)





ACCOUNTANTS: FS Accountants Limited
2 York Street
Clitheroe
Lancashire
BB7 2DL

Water Smart (NW) Ltd (Registered number: 04663938)

Abridged Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,000 8,000
Tangible assets 5 43,780 41,159
47,780 49,159

CURRENT ASSETS
Stocks 5,500 5,500
Debtors 20,920 38,616
Cash at bank 3,433 6,898
29,853 51,014
CREDITORS
Amounts falling due within one year 27,276 27,832
NET CURRENT ASSETS 2,577 23,182
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,357

72,341

CREDITORS
Amounts falling due after more than one
year

(38,729

)

(55,465

)

PROVISIONS FOR LIABILITIES (7,620 ) (4,774 )
NET ASSETS 4,008 12,102

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Retained earnings 3,008 11,102
SHAREHOLDERS' FUNDS 4,008 12,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Water Smart (NW) Ltd (Registered number: 04663938)

Abridged Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2023 and were signed by:





Mrs D Jackson - Director


Water Smart (NW) Ltd (Registered number: 04663938)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

Water Smart (NW) 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Water coolers - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Water Smart (NW) Ltd (Registered number: 04663938)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022
and 28 February 2023 20,000
AMORTISATION
At 1 March 2022 12,000
Amortisation for year 4,000
At 28 February 2023 16,000
NET BOOK VALUE

At 28 February 2023 4,000
At 28 February 2022 8,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 188,529
Additions 12,489
At 28 February 2023 201,018
DEPRECIATION
At 1 March 2022 147,370
Charge for year 9,868
At 28 February 2023 157,238
NET BOOK VALUE
At 28 February 2023 43,780
At 28 February 2022 41,159

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

Water Smart (NW) Ltd (Registered number: 04663938)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

7. CONTROL

The company is controlled by its director, Mrs D Jackson.