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REGISTERED NUMBER: 03494310 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

H2O CONTACT SERVICES LIMITED

H2O CONTACT SERVICES LIMITED (REGISTERED NUMBER: 03494310)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


H2O CONTACT SERVICES LIMITED

Company Information
for the year ended 31 March 2024







Director: Mrs S M Crompton





Secretary: Ms L C Crompton





Registered office: New Derwent House
69-73 Theobald's Road
London
WC1X 8TA





Registered number: 03494310 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

H2O CONTACT SERVICES LIMITED (REGISTERED NUMBER: 03494310)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 27,885 78,119

Current assets
Stocks 5 50,687 50,687
Debtors 6 3,380 3,424
Cash at bank 118 662
54,185 54,773
Creditors
Amounts falling due within one year 7 220,610 219,413
Net current liabilities (166,425 ) (164,640 )
Total assets less current liabilities (138,540 ) (86,521 )

Capital and reserves
Called up share capital 8 170,002 170,002
Retained earnings (308,542 ) (256,523 )
Shareholders' funds (138,540 ) (86,521 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2024 and were signed by:





Mrs S M Crompton - Director


H2O CONTACT SERVICES LIMITED (REGISTERED NUMBER: 03494310)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

H2o Contact 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 (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


H2O CONTACT SERVICES LIMITED (REGISTERED NUMBER: 03494310)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. Accounting policies - continued
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.

Going concern
Although the company has net liabilities of £86,521, the director will continue to support the company. The accounts have therefore been prepared on a going concern basis.

3. Employees and directors

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

4. Tangible fixed assets
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1 April 2023 66,983 485,088 13,573 27,494 593,138
Disposals (66,983 ) - - - (66,983 )
At 31 March 2024 - 485,088 13,573 27,494 526,155
Depreciation
At 1 April 2023 21,772 454,382 12,242 26,623 515,019
Charge for year - 4,606 199 218 5,023
Eliminated on disposal (21,772 ) - - - (21,772 )
At 31 March 2024 - 458,988 12,441 26,841 498,270
Net book value
At 31 March 2024 - 26,100 1,132 653 27,885
At 31 March 2023 45,211 30,706 1,331 871 78,119

5. Stocks
2024 2023
£    £   
Finished goods 50,687 50,687

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 3,380 3,424

H2O CONTACT SERVICES LIMITED (REGISTERED NUMBER: 03494310)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 1,500 2,160
Other creditors 219,110 217,253
220,610 219,413

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
170,002 Ordinary £1 170,002 170,002

9. Related party disclosures

At 31 March 2024 the company owed the following to the estate of shareholder and former director W.Y. Crompton: £54,067 (2023 - £54,067).

The balances represented unsecured, interest free loans, repayable on demand. (However, the value of this loan and the payment terms are in dispute).

10. Ultimate controlling party

The controlling party is B.Y. Crompton.