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REGISTERED NUMBER: 04044837 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Advanced Water Company Limited

Advanced Water Company Limited (Registered number: 04044837)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Advanced Water Company Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: S L Robinson
Mrs S J Robinson
A Davies





SECRETARY: Mrs S J Robinson





REGISTERED OFFICE: 1 Racecourse Road
Pershore
Worcestershire
WR10 2EY





REGISTERED NUMBER: 04044837 (England and Wales)





ACCOUNTANTS: Attwoods
Perrott House
17 Bridge Street
Pershore
Worcestershire
WR10 1AJ

Advanced Water Company Limited (Registered number: 04044837)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 117,422 126,238
Tangible assets 5 411,730 455,422
529,152 581,660

CURRENT ASSETS
Stocks 1,262,409 1,073,714
Debtors 6 1,587,931 3,741,262
Cash at bank and in hand 543,510 1,495,092
3,393,850 6,310,068
CREDITORS
Amounts falling due within one year 7 1,589,776 1,513,962
NET CURRENT ASSETS 1,804,074 4,796,106
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,333,226

5,377,766

CREDITORS
Amounts falling due after more than one
year

8

(17,931

)

(27,469

)

PROVISIONS FOR LIABILITIES (78,491 ) (74,707 )
NET ASSETS 2,236,804 5,275,590

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,235,804 5,274,590
2,236,804 5,275,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Advanced Water Company Limited (Registered number: 04044837)

Balance Sheet - continued
31 August 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2023 and were signed on its behalf by:




S L Robinson - Director



Mrs S J Robinson - Director


Advanced Water Company Limited (Registered number: 04044837)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Advanced Water Company 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.

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

Patents and licences are being amortised evenly over their estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 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.

Advanced Water Company Limited (Registered number: 04044837)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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.

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 46 (2022 - 42 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2022 209,714
Additions 20,404
Disposals (34,049 )
At 31 August 2023 196,069
AMORTISATION
At 1 September 2022 83,476
Charge for year 18,129
Eliminated on disposal (22,958 )
At 31 August 2023 78,647
NET BOOK VALUE
At 31 August 2023 117,422
At 31 August 2022 126,238

Advanced Water Company Limited (Registered number: 04044837)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2022 277,502 85,442 40,996
Additions 21,778 1,938 3,499
Disposals (623 ) (495 ) (621 )
At 31 August 2023 298,657 86,885 43,874
DEPRECIATION
At 1 September 2022 94,786 20,894 19,070
Charge for year 43,360 12,996 3,943
Eliminated on disposal (350 ) (179 ) (350 )
At 31 August 2023 137,796 33,711 22,663
NET BOOK VALUE
At 31 August 2023 160,861 53,174 21,211
At 31 August 2022 182,716 64,548 21,926

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2022 243,954 115,269 763,163
Additions 54,820 25,499 107,534
Disposals (129,504 ) (6,321 ) (137,564 )
At 31 August 2023 169,270 134,447 733,133
DEPRECIATION
At 1 September 2022 110,089 62,902 307,741
Charge for year 27,375 8,144 95,818
Eliminated on disposal (75,841 ) (5,436 ) (82,156 )
At 31 August 2023 61,623 65,610 321,403
NET BOOK VALUE
At 31 August 2023 107,647 68,837 411,730
At 31 August 2022 133,865 52,367 455,422

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 1,523,393 1,469,805
Amounts owed by group undertakings - 2,190,109
Prepayments and accrued income 64,538 81,348
1,587,931 3,741,262

Advanced Water Company Limited (Registered number: 04044837)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts (see note 9) 7,028 10,375
Trade creditors 997,428 987,774
Taxation 286,836 208,767
Social security and other taxes 29,727 29,156
VAT 211,993 161,733
Other creditors 11,285 23,292
Loan stock - 14,323
Accrued expenses 45,479 78,542
1,589,776 1,513,962

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts (see note 9) 17,931 27,469

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.8.23 31.8.22
£    £   
Net obligations repayable:
Within one year 7,028 10,375
Between one and five years 17,931 27,469
24,959 37,844

Non-cancellable operating leases
31.8.23 31.8.22
£    £   
Within one year 72,000 72,000
Between one and five years 120,000 192,000
192,000 264,000

10. PARENT COMPANY

Advanced Water Company Ltd is wholly owned by its parent company Advanced Group Ventures Ltd. Its registered office is at 1 Racecourse Road, Pershore, Worcestershire, WR10 2EY

The ultimate controlling parties are Stewart Robinson and Samantha Robinson who own 55% and 45% of the ultimate parent company.