2022-08-162023-08-312023-08-31false14299652H2ORIGIN LTD2024-02-1911070iso4217:GBPxbrli:pure142996522022-08-16142996522023-08-31142996522022-08-162023-08-31142996522022-08-15142996522022-08-15142996522022-08-152022-08-1514299652bus:SmallEntities2022-08-162023-08-3114299652bus:AuditExempt-NoAccountantsReport2022-08-162023-08-3114299652bus:FullAccounts2022-08-162023-08-3114299652bus:PrivateLimitedCompanyLtd2022-08-162023-08-3114299652core:WithinOneYear2023-08-3114299652core:AfterOneYear2023-08-3114299652core:WithinOneYear2022-08-1514299652core:AfterOneYear2022-08-1514299652core:ShareCapital2023-08-3114299652core:SharePremium2023-08-3114299652core:RevaluationReserve2023-08-3114299652core:OtherReservesSubtotal2023-08-3114299652core:RetainedEarningsAccumulatedLosses2023-08-3114299652core:ShareCapital2022-08-1514299652core:SharePremium2022-08-1514299652core:RevaluationReserve2022-08-1514299652core:OtherReservesSubtotal2022-08-1514299652core:RetainedEarningsAccumulatedLosses2022-08-1514299652core:LandBuildings2023-08-3114299652core:PlantMachinery2023-08-3114299652core:Vehicles2023-08-3114299652core:FurnitureFittings2023-08-3114299652core:OfficeEquipment2023-08-3114299652core:NetGoodwill2023-08-3114299652core:IntangibleAssetsOtherThanGoodwill2023-08-3114299652core:ListedExchangeTraded2023-08-3114299652core:UnlistedNon-exchangeTraded2023-08-3114299652core:LandBuildings2022-08-1514299652core:PlantMachinery2022-08-1514299652core:Vehicles2022-08-1514299652core:FurnitureFittings2022-08-1514299652core:OfficeEquipment2022-08-1514299652core:NetGoodwill2022-08-1514299652core:IntangibleAssetsOtherThanGoodwill2022-08-1514299652core:ListedExchangeTraded2022-08-1514299652core:UnlistedNon-exchangeTraded2022-08-1514299652core:LandBuildings2022-08-162023-08-3114299652core:PlantMachinery2022-08-162023-08-3114299652core:Vehicles2022-08-162023-08-3114299652core:FurnitureFittings2022-08-162023-08-3114299652core:OfficeEquipment2022-08-162023-08-3114299652core:NetGoodwill2022-08-162023-08-3114299652core:IntangibleAssetsOtherThanGoodwill2022-08-162023-08-3114299652core:ListedExchangeTraded2022-08-162023-08-3114299652core:UnlistedNon-exchangeTraded2022-08-162023-08-3114299652core:MoreThanFiveYears2022-08-162023-08-3114299652core:Non-currentFinancialInstruments2023-08-3114299652core:Non-currentFinancialInstruments2022-08-1514299652dpl:CostSales2022-08-162023-08-3114299652dpl:DistributionCosts2022-08-162023-08-3114299652core:LandBuildings2022-08-162023-08-3114299652core:PlantMachinery2022-08-162023-08-3114299652core:Vehicles2022-08-162023-08-3114299652core:FurnitureFittings2022-08-162023-08-3114299652core:OfficeEquipment2022-08-162023-08-3114299652dpl:AdministrativeExpenses2022-08-162023-08-3114299652core:NetGoodwill2022-08-162023-08-3114299652core:IntangibleAssetsOtherThanGoodwill2022-08-162023-08-3114299652dpl:GroupUndertakings2022-08-162023-08-3114299652dpl:ParticipatingInterests2022-08-162023-08-3114299652dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-162023-08-3114299652core:ListedExchangeTraded2022-08-162023-08-3114299652dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-162023-08-3114299652core:UnlistedNon-exchangeTraded2022-08-162023-08-3114299652dpl:CostSales2022-08-152022-08-1514299652dpl:DistributionCosts2022-08-152022-08-1514299652core:LandBuildings2022-08-152022-08-1514299652core:PlantMachinery2022-08-152022-08-1514299652core:Vehicles2022-08-152022-08-1514299652core:FurnitureFittings2022-08-152022-08-1514299652core:OfficeEquipment2022-08-152022-08-1514299652dpl:AdministrativeExpenses2022-08-152022-08-1514299652core:NetGoodwill2022-08-152022-08-1514299652core:IntangibleAssetsOtherThanGoodwill2022-08-152022-08-1514299652dpl:GroupUndertakings2022-08-152022-08-1514299652dpl:ParticipatingInterests2022-08-152022-08-1514299652dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-152022-08-1514299652core:ListedExchangeTraded2022-08-152022-08-1514299652dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-152022-08-1514299652core:UnlistedNon-exchangeTraded2022-08-152022-08-1514299652core:NetGoodwill2023-08-3114299652core:IntangibleAssetsOtherThanGoodwill2023-08-3114299652core:LandBuildings2023-08-3114299652core:PlantMachinery2023-08-3114299652core:Vehicles2023-08-3114299652core:FurnitureFittings2023-08-3114299652core:OfficeEquipment2023-08-3114299652core:AfterOneYear2023-08-3114299652core:WithinOneYear2023-08-3114299652core:ListedExchangeTraded2023-08-3114299652core:UnlistedNon-exchangeTraded2023-08-3114299652core:ShareCapital2023-08-3114299652core:SharePremium2023-08-3114299652core:RevaluationReserve2023-08-3114299652core:OtherReservesSubtotal2023-08-3114299652core:RetainedEarningsAccumulatedLosses2023-08-3114299652core:NetGoodwill2022-08-1514299652core:IntangibleAssetsOtherThanGoodwill2022-08-1514299652core:LandBuildings2022-08-1514299652core:PlantMachinery2022-08-1514299652core:Vehicles2022-08-1514299652core:FurnitureFittings2022-08-1514299652core:OfficeEquipment2022-08-1514299652core:AfterOneYear2022-08-1514299652core:WithinOneYear2022-08-1514299652core:ListedExc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H2ORIGIN LTD

Registered Number
14299652
(England and Wales)

Unaudited Financial Statements for the Period ended
31 August 2023

H2ORIGIN LTD
Company Information
for the period from 16 August 2022 to 31 August 2023

Director

D Appleby

Registered Address

Host Salford Blue Tower
Media City Uk
Salford
M50 2ST

Registered Number

14299652 (England and Wales)
H2ORIGIN LTD
Balance Sheet as at
31 August 2023

Notes

2023

£

£

Fixed assets
Tangible assets3446
446
Current assets
Debtors5,140
Cash at bank and on hand9,674
14,814
Creditors amounts falling due within one year4(32,992)
Net current assets (liabilities)(18,178)
Total assets less current liabilities(17,732)
Net assets(17,732)
Capital and reserves
Called up share capital1
Profit and loss account(17,733)
Shareholders' funds(17,732)
The financial statements were approved and authorised for issue by the Director on 19 February 2024, and are signed on its behalf by:
D Appleby
Director
Registered Company No. 14299652
H2ORIGIN LTD
Notes to the Financial Statements
for the period ended 31 August 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Turnover policy
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.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Income tax expense 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 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 reporting period.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

2023
Average number of employees during the year1
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
Additions668668
At 31 August 23668668
Depreciation and impairment
Charge for year222222
At 31 August 23222222
Net book value
At 31 August 23446446
At 15 August 22--
4.Creditors: amounts due within one year

2023

£
Trade creditors / trade payables1,666
Other creditors31,326
Total32,992
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
5.Provisions for liabilities
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of going the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the company becomes aware of the obligation and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.