Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-12-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06590003 2022-12-01 2023-11-30 06590003 2021-12-01 2022-11-30 06590003 2023-11-30 06590003 2022-11-30 06590003 c:Director1 2022-12-01 2023-11-30 06590003 d:CurrentFinancialInstruments 2023-11-30 06590003 d:CurrentFinancialInstruments 2022-11-30 06590003 d:Non-currentFinancialInstruments 2023-11-30 06590003 d:Non-currentFinancialInstruments 2022-11-30 06590003 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 06590003 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 06590003 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 06590003 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 06590003 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 06590003 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-11-30 06590003 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 06590003 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-11-30 06590003 d:ShareCapital 2023-11-30 06590003 d:ShareCapital 2022-11-30 06590003 d:RetainedEarningsAccumulatedLosses 2023-11-30 06590003 d:RetainedEarningsAccumulatedLosses 2022-11-30 06590003 d:TaxLossesCarry-forwardsDeferredTax 2023-11-30 06590003 d:TaxLossesCarry-forwardsDeferredTax 2022-11-30 06590003 c:OrdinaryShareClass1 2022-12-01 2023-11-30 06590003 c:OrdinaryShareClass1 2023-11-30 06590003 c:OrdinaryShareClass1 2022-11-30 06590003 c:FRS102 2022-12-01 2023-11-30 06590003 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 06590003 c:FullAccounts 2022-12-01 2023-11-30 06590003 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06590003 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 06590003









WATER FORENSICS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
WATER FORENSICS LIMITED
REGISTERED NUMBER: 06590003

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
661,012
660,001

Cash at bank and in hand
  
21,602
43,858

  
682,614
703,859

Creditors: amounts falling due within one year
 5 
(271,690)
(279,178)

Net current assets
  
 
 
410,924
 
 
424,681

Total assets less current liabilities
  
410,924
424,681

Creditors: amounts falling due after more than one year
 6 
(17,076)
(26,524)

  

Net assets
  
393,848
398,157


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
393,847
398,156

  
393,848
398,157


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 August 2024.

Patrick McCart
Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
WATER FORENSICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Water Forensics Limited is a private Company limited by shares incorporated in England within the United Kingdom. The address of the registered office is Commercial House, 80 High Street, Eton, Windsor, SL4 6AF. The Company is not part of a group.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.3

Borrowing costs

All borrowing costs are recognised in the Statement of Income and Retained Earnings in the year in which they are incurred.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 2

 
WATER FORENSICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

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.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Page 3

 
WATER FORENSICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2022 - 2).

Page 4

 
WATER FORENSICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Debtors

2023
2022
£
£


Called up share capital not paid
1
1

Prepayments and accrued income
660,000
660,000

Deferred taxation
1,011
-

661,012
660,001



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,362
10,235

Trade creditors
-
3,720

Amounts owed to group undertakings
55,744
55,624

Corporation tax
93,394
93,394

Other taxation and social security
108,140
109,380

Accruals and deferred income
4,050
6,825

271,690
279,178



6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
17,076
26,524

17,076
26,524


Page 5

 
WATER FORENSICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,362
10,235

Amounts falling due 1-2 years

Bank loans
10,497
10,368

Amounts falling due 2-5 years

Bank loans
6,580
16,156


27,439
36,759



8.


Deferred taxation




2023


£






Charged to profit or loss
1,011



At end of year
1,011

The deferred tax asset is made up as follows:

2023
2022
£
£


Tax losses carried forward
1,011
-

1,011
-


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1


Page 6

 
WATER FORENSICS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

10.


Related party transactions

During the period, the Company operated a loan account with Advanced Demand Side Mangement Limited, a company under common control. The loan is interest free and repayable on demand.


2023
2022
£
£

Amounts owed to companies under common control
55,744
55,624
55,744
55,624


Page 7