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31/12/2023
2023-12-31
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2023-01-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
03809255
2023-01-01
2023-12-31
03809255
2023-12-31
03809255
2022-12-31
03809255
2022-01-01
2022-12-31
03809255
2022-12-31
03809255
2021-12-31
03809255
core:LandBuildings
core:ShortLeaseholdAssets
2023-01-01
2023-12-31
03809255
core:PlantMachinery
2023-01-01
2023-12-31
03809255
core:FurnitureFittingsToolsEquipment
2023-01-01
2023-12-31
03809255
core:MotorVehicles
2023-01-01
2023-12-31
03809255
bus:RegisteredOffice
2023-01-01
2023-12-31
03809255
bus:LeadAgentIfApplicable
2023-01-01
2023-12-31
03809255
bus:Director1
2023-01-01
2023-12-31
03809255
bus:CompanySecretary1
2023-01-01
2023-12-31
03809255
core:IntangibleAssetsOtherThanGoodwill
2023-12-31
03809255
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-12-31
03809255
core:PlantMachinery
2022-12-31
03809255
core:FurnitureFittingsToolsEquipment
2022-12-31
03809255
core:MotorVehicles
2022-12-31
03809255
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-12-31
03809255
core:PlantMachinery
2023-12-31
03809255
core:FurnitureFittingsToolsEquipment
2023-12-31
03809255
core:MotorVehicles
2023-12-31
03809255
core:WithinOneYear
2023-12-31
03809255
core:WithinOneYear
2022-12-31
03809255
core:AfterOneYear
2023-12-31
03809255
core:AfterOneYear
2022-12-31
03809255
core:SharePremium
2022-01-01
2022-12-31
03809255
core:RevaluationReserve
2022-01-01
2022-12-31
03809255
core:RetainedEarningsAccumulatedLosses
2022-01-01
2022-12-31
03809255
core:RevaluationReserve
2023-01-01
2023-12-31
03809255
core:RetainedEarningsAccumulatedLosses
2023-01-01
2023-12-31
03809255
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-01-01
2023-12-31
03809255
core:ShareCapital
2023-12-31
03809255
core:ShareCapital
2022-12-31
03809255
core:SharePremium
2023-12-31
03809255
core:SharePremium
2022-12-31
03809255
core:RevaluationReserve
2023-12-31
03809255
core:RevaluationReserve
2022-12-31
03809255
core:CapitalRedemptionReserve
2023-12-31
03809255
core:CapitalRedemptionReserve
2022-12-31
03809255
core:RetainedEarningsAccumulatedLosses
2023-12-31
03809255
core:RetainedEarningsAccumulatedLosses
2022-12-31
03809255
core:ShareCapital
2021-12-31
03809255
core:RevaluationReserve
2021-12-31
03809255
core:CapitalRedemptionReserve
2021-12-31
03809255
core:RetainedEarningsAccumulatedLosses
2021-12-31
03809255
core:PreviouslyStatedAmount
core:ShareCapital
2023-12-31
03809255
core:BetweenOneFiveYears
2023-12-31
03809255
core:BetweenOneFiveYears
2022-12-31
03809255
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-12-31
03809255
core:PlantMachinery
2022-12-31
03809255
core:FurnitureFittingsToolsEquipment
2022-12-31
03809255
core:MotorVehicles
2022-12-31
03809255
bus:SmallEntities
2023-01-01
2023-12-31
03809255
bus:Audited
2023-01-01
2023-12-31
03809255
bus:SmallCompaniesRegimeForAccounts
2023-01-01
2023-12-31
03809255
bus:PrivateLimitedCompanyLtd
2023-01-01
2023-12-31
03809255
bus:FullAccounts
2023-01-01
2023-12-31
03809255
core:IntangibleAssetsOtherThanGoodwill
2023-01-01
2023-12-31
Company registration number:
03809255
(England and Wales)
Project Dewatering Limited
Filleted financial statements
for the year ended
31 December 2023
Project Dewatering Limited
Contents
Directors and other information
Director's responsibilities statement
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Project Dewatering Limited
Directors and other information
|
|
|
|
Director |
Mr Michael Croney |
|
|
|
|
|
|
|
Secretary |
Mrs Nicola Marchant |
|
|
|
|
|
|
|
Company number |
03809255 |
|
|
|
|
|
|
|
Registered office |
Unit 3 Old Wireless Station |
|
|
Great Bricett |
|
|
Ipswich |
|
|
Suffolk |
|
|
IP7 7DS |
|
|
|
|
|
|
|
Business address |
Unit 3 Old Wireless Station |
|
|
Great Bricett |
|
|
Ipswich |
|
|
Suffolk |
|
|
IP7 7DS |
|
|
|
|
|
|
|
Auditor |
Griffin Chapman |
|
|
4 & 5 The Cedars, Apex 12 |
|
|
Old Ipswich Road |
|
|
Colchester |
|
|
Essex |
|
|
CO7 7QR |
|
|
|
Project Dewatering Limited
Director's responsibilities statement
Year ended 31 December 2023
The director is responsible for preparing the director's report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgments and accounting estimates that are reasonable and prudent; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Project Dewatering Limited
Statement of financial position
31 December 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Intangible assets |
|
5 |
- |
|
|
|
- |
|
|
Tangible assets |
|
6 |
324,113 |
|
|
|
310,086 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
324,113 |
|
|
|
310,086 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
235,228 |
|
|
|
192,940 |
|
|
Debtors |
|
7 |
711,580 |
|
|
|
528,654 |
|
|
Cash at bank and in hand |
|
|
205,130 |
|
|
|
89,808 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
1,151,938 |
|
|
|
811,402 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
8 |
(
899,801) |
|
|
|
(
384,266) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
252,137 |
|
|
|
427,136 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
576,250 |
|
|
|
737,222 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
9 |
|
|
(
18,249) |
|
|
|
(
559,740) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
558,001 |
|
|
|
177,482 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
400,095 |
|
|
|
400,095 |
Share premium account |
|
|
|
|
162,270 |
|
|
|
162,270 |
Revaluation reserve |
|
|
|
|
16,768 |
|
|
|
25,151 |
Capital redemption reserve |
|
|
|
|
5 |
|
|
|
5 |
Profit and loss account |
|
|
|
|
(
21,137) |
|
|
|
(
410,039) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
558,001 |
|
|
|
177,482 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
17 April 2024
, and are signed on behalf of the board by:
Mr Michael Croney
Director
Company registration number:
03809255
Project Dewatering Limited
Statement of changes in equity
Year ended 31 December 2023
|
|
Called up share capital |
Share premium account |
|
Revaluation reserve |
|
Capital redemption reserve |
|
Profit and loss account |
Total |
|
|
|
|
|
|
|
|
|
|
£ |
£ |
|
£ |
|
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 January 2022 |
|
400,095 |
- |
|
33,534 |
|
5 |
|
(
589,120) |
(
155,486) |
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
|
|
|
|
|
170,698 |
170,698 |
|
|
|
|
|
|
|
|
Other comprehensive income for the year: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reclassification from revaluation reserve to profit and loss account |
|
|
|
|
(
8,383) |
|
|
|
8,383 |
- |
|
|
|
|
|
|
|
|
|
|
_______ |
_______ |
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
Total comprehensive income for the year |
|
- |
- |
|
(
8,383) |
|
- |
|
179,081 |
170,698 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Conversion of debt to equity |
|
- |
162,270 |
|
|
|
|
|
- |
162,270 |
|
|
|
|
|
|
|
|
|
|
_______ |
_______ |
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
Total investments by and distributions to owners |
|
- |
162,270 |
|
- |
|
- |
|
- |
162,270 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
_______ |
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
At 31 December 2022 and 1 January 2023 |
|
400,095 |
162,270 |
|
25,151 |
|
5 |
|
(
410,039) |
177,482 |
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
|
|
|
|
|
380,519 |
380,519 |
|
|
|
|
|
|
|
|
Other comprehensive income for the year: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reclassification from revaluation reserve to profit and loss account |
|
|
|
|
(
8,383) |
|
|
|
8,383 |
- |
|
|
|
|
|
|
|
|
|
|
_______ |
_______ |
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
Total comprehensive income for the year |
|
- |
- |
|
(
8,383) |
|
- |
|
388,902 |
380,519 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
_______ |
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
At 31 December 2023 |
|
400,095 |
162,270 |
|
16,768 |
|
5 |
|
(
21,137) |
558,001 |
|
|
|
|
|
|
|
|
|
|
_______ |
_______ |
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Project Dewatering Limited
Notes to the financial statements
Year ended 31 December 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 3 Old Wireless Station, Great Bricett, Ipswich, Suffolk, IP7 7DS.
The principal activity of the company continues to be that of
construction and development in respect of water projects
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis, which is dependent upon the continued support of the parent company which has affirmed that support. Having reviewed the current trading and financial position together with the operational plans and projections , the director considers that the company has and will continue to have sufficient funds to enable it to continue as a going concern.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Short leasehold property |
- |
6.67 % |
straight line |
|
Plant and machinery |
- |
20 % |
reducing balance |
|
Fittings fixtures and equipment |
- |
10 % |
straight line |
|
Motor vehicles |
- |
25 % |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
7
(2022:
8
).
5.
Intangible assets
|
|
Other intangible assets |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 January 2023 and 31 December 2023 |
5,954 |
5,954 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1 January 2023 and 31 December 2023 |
5,954 |
5,954 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 December 2023 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 December 2022 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
6.
Tangible assets
|
|
Leasehold improvements |
Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
|
|
|
|
£ |
£ |
£ |
£ |
£ |
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 January 2023 |
26,492 |
649,548 |
32,131 |
8,600 |
716,771 |
|
|
|
Additions |
- |
49,155 |
- |
32,578 |
81,733 |
|
|
|
Disposals |
- |
- |
- |
(
6,000) |
(
6,000) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 December 2023 |
26,492 |
698,703 |
32,131 |
35,178 |
792,504 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 January 2023 |
20,353 |
351,668 |
29,256 |
5,408 |
406,685 |
|
|
|
Charge for the year |
1,766 |
62,564 |
706 |
2,101 |
67,137 |
|
|
|
Disposals |
- |
- |
- |
(
5,431) |
(
5,431) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 December 2023 |
22,119 |
414,232 |
29,962 |
2,078 |
468,391 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 December 2023 |
4,373 |
284,471 |
2,169 |
33,100 |
324,113 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 December 2022 |
6,139 |
297,880 |
2,875 |
3,192 |
310,086 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
7.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade debtors |
|
604,589 |
406,598 |
|
Other debtors |
|
106,991 |
122,056 |
|
|
|
_______ |
_______ |
|
|
|
711,580 |
528,654 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
9,808 |
9,809 |
|
Trade creditors |
|
213,701 |
126,050 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
599,681 |
201,987 |
|
Social security and other taxes |
|
16,651 |
7,085 |
|
Other creditors |
|
59,960 |
39,335 |
|
|
|
_______ |
_______ |
|
|
|
899,801 |
384,266 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Creditors: amounts falling due after more than one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
18,249 |
28,249 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
- |
531,491 |
|
|
|
_______ |
_______ |
|
|
|
18,249 |
559,740 |
|
|
|
_______ |
_______ |
|
|
|
|
|
10.
Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
|
|
|
£ |
£ |
|
|
|
Not later than 1 year |
14,668 |
14,668 |
Later than 1 year and not later than 5 years |
9,779 |
24,447 |
|
_______ |
_______ |
|
24,447 |
39,115 |
|
_______ |
_______ |
|
|
|
11.
Summary audit opinion
The auditor's report dated
17 April 2024
was unqualified.
The senior statutory auditor was
Mr Daniel Aldworth (FCCA,FMAAT)
for and on behalf of
Griffin Chapman
12.
Related party transactions
The directors have considered the transactions undertaken in the year between the company and the parent and related companies and have considered that these are all undertaken at arms length and therefore there is no requirement to disclose the detailed transactions. Note 9 & 10 to the accounts includes the full amount outstanding that is owed to the parent company.
13.
Controlling party
Hölscher International Holding GmbH
is the parent company of Project Dewatering Limited
.The ultimate controlling party is Hölscher Analagenbesitzgesellschaft mbH & Co.KG
. Both companies are incorporated in Germany and are located at Hinterm Busch 23, 49733 Haren, Germany.