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REGISTERED NUMBER: 03749948 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Bywater Services Limited

Bywater Services Limited (Registered number: 03749948)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bywater Services Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: K Alibai





REGISTERED OFFICE: Unit 7 Telford Way
Stephenson Industrial Estate
Coalville
Leicestershire
LE67 3HE





REGISTERED NUMBER: 03749948 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

Bywater Services Limited (Registered number: 03749948)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 401,627 206,823

CURRENT ASSETS
Stocks 410,377 284,927
Debtors 5 436,101 450,368
Cash at bank and in hand 1,196,512 1,127,056
2,042,990 1,862,351
CREDITORS
Amounts falling due within one year 6 540,780 505,535
NET CURRENT ASSETS 1,502,210 1,356,816
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,903,837

1,563,639

CREDITORS
Amounts falling due after more than one
year

7

(31,335

)

(25,747

)

PROVISIONS FOR LIABILITIES (10,135 ) (2,379 )
NET ASSETS 1,862,367 1,535,513

CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve 11 99,341 -
Retained earnings 1,763,024 1,535,511
SHAREHOLDERS' FUNDS 1,862,367 1,535,513

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Bywater Services Limited (Registered number: 03749948)

Balance Sheet - continued
30 April 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 director and authorised for issue on 27 March 2024 and were signed by:





K Alibai - Director


Bywater Services Limited (Registered number: 03749948)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Bywater Services 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 (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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 as modified by the revaluation of certain assets.

Significant judgements and estimates
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.

Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods

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 signed for the delivery of the goods.

Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.


Bywater Services Limited (Registered number: 03749948)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued
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.

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 20 (2022 - 20 ) .

Bywater Services Limited (Registered number: 03749948)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Short and
property leasehold fittings
£    £    £   
COST OR VALUATION
At 1 May 2022 221,649 9,215 54,436
Additions - 3,350 816
Disposals - - (13,455 )
Revaluations 108,351 - -
At 30 April 2023 330,000 12,565 41,797
DEPRECIATION
At 1 May 2022 75,040 1,841 49,616
Charge for year 5,025 1,256 2,425
Eliminated on disposal - - (13,455 )
Revaluation adjustments (80,065 ) - -
At 30 April 2023 - 3,097 38,586
NET BOOK VALUE
At 30 April 2023 330,000 9,468 3,211
At 30 April 2022 146,609 7,374 4,820

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 May 2022 102,424 - 387,724
Additions 28,273 580 33,019
Disposals (35,259 ) - (48,714 )
Revaluations - - 108,351
At 30 April 2023 95,438 580 480,380
DEPRECIATION
At 1 May 2022 54,404 - 180,901
Charge for year 17,808 116 26,630
Eliminated on disposal (35,258 ) - (48,713 )
Revaluation adjustments - - (80,065 )
At 30 April 2023 36,954 116 78,753
NET BOOK VALUE
At 30 April 2023 58,484 464 401,627
At 30 April 2022 48,020 - 206,823

Bywater Services Limited (Registered number: 03749948)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 April 2023 is represented by:

Fixtures
Freehold Short and
property leasehold fittings
£    £    £   
Valuation in 2023 108,351 - -
Cost 221,649 12,565 41,797
330,000 12,565 41,797

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2023 - - 108,351
Cost 95,438 580 372,029
95,438 580 480,380

If freehold land and buildings had not been revalued it would have been included at the following historical cost:

30.4.23 30.4.22
£    £   
Cost 221,648 221,648

Value of land in freehold land and buildings 221,648 221,648

Freehold land and buildings were valued on an open market basis on 7 April 2023 by Ashmore Chartered Surveyors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 424,662 441,493
Other debtors 11,439 8,875
436,101 450,368

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Hire purchase contracts (see note 8) 12,603 9,362
Trade creditors 269,270 325,259
Taxation and social security 174,410 167,601
Other creditors 84,497 3,313
540,780 505,535

Bywater Services Limited (Registered number: 03749948)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Hire purchase contracts (see note 8) 31,335 25,747

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.4.23 30.4.22
£    £   
Net obligations repayable:
Within one year 12,603 9,362
Between one and five years 31,335 25,747
43,938 35,109

Non-cancellable operating leases
30.4.23 30.4.22
£    £   
Within one year 36,659 45,768
Between one and five years 38,705 73,688
75,364 119,456

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Hire purchase contracts 43,938 35,109

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
2 Ordinary £1 2 2

11. RESERVES
Fair
value
reserve
£   
Transfer between reserves 99,341

At 30 April 2023 99,341

Bywater Services Limited (Registered number: 03749948)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £154,000 were paid to the directors .