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REGISTERED NUMBER: 07299762 (England and Wales)












Unaudited Financial Statements for the Year Ended 30 June 2024

for

The Water Business Limited

The Water Business Limited (Registered number: 07299762)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Water Business Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: K D Edlin
G P Willis





REGISTERED OFFICE: Lynnem House
1 Victoria Way
Burgess Hill
West Sussex
RH15 9NF





REGISTERED NUMBER: 07299762 (England and Wales)





ACCOUNTANTS: Price Green & Co
Lynnem House
1 Victoria Way
Burgess Hill
West Sussex
RH15 9NF

The Water Business Limited (Registered number: 07299762)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,138 215

CURRENT ASSETS
Debtors 5 8,461 4,300
Cash at bank 22,825 47,900
31,286 52,200
CREDITORS
Amounts falling due within one year 6 22,865 34,361
NET CURRENT ASSETS 8,421 17,839
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,559

18,054

CREDITORS
Amounts falling due after more than one
year

7

(7,469

)

(12,083

)

PROVISIONS FOR LIABILITIES (1,534 ) (54 )
NET ASSETS 5,556 5,917

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,456 5,817
SHAREHOLDERS' FUNDS 5,556 5,917

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

The Water Business Limited (Registered number: 07299762)

Balance Sheet - continued
30 June 2024


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 5 August 2024 and were signed on its behalf by:





G P Willis - Director


The Water Business Limited (Registered number: 07299762)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

The Water Business 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

The Water Business Limited (Registered number: 07299762)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 27,218
Additions 8,040
At 30 June 2024 35,258
DEPRECIATION
At 1 July 2023 27,003
Charge for year 2,117
At 30 June 2024 29,120
NET BOOK VALUE
At 30 June 2024 6,138
At 30 June 2023 215

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 4,460 2,360
Other debtors 4,001 1,940
8,461 4,300

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 431 4,730
Taxation and social security 13,147 17,148
Other creditors 4,287 7,483
22,865 34,361

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 7,469 12,083

The Water Business Limited (Registered number: 07299762)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
K D Edlin
Balance outstanding at start of year (114 ) 1,917
Amounts advanced 3,444 1,772
Amounts repaid (312 ) (3,803 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,018 (114 )

G P Willis
Balance outstanding at start of year (6,669 ) (4,638 )
Amounts advanced 3,444 1,772
Amounts repaid (312 ) (3,803 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,537 ) (6,669 )

9. ULTIMATE CONTROLLING PARTY

The company has been controlled throughout the year, and previous year, by it's directors.