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REGISTERED NUMBER: 03663830 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

EAST MIDLANDS WATER.COM LIMITED

EAST MIDLANDS WATER.COM LIMITED (REGISTERED NUMBER: 03663830)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EAST MIDLANDS WATER.COM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







Directors: T Walker
D M Walker





Registered office: 2 Cannock Street
Leicester
Leicestershire
LE4 9HR





Registered number: 03663830 (England and Wales)





Accountants: Haines Watts Leicester Ltd
20 Allandale Rd
Stoneygate
Leicester
LE2 2DA

EAST MIDLANDS WATER.COM LIMITED (REGISTERED NUMBER: 03663830)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £
Fixed assets
Tangible assets 4 78,593 104,058

Current assets
Stocks 350,000 309,605
Debtors 5 102,925 156,724
Cash at bank and in hand 257,870 296,264
710,795 762,593
Creditors
Amounts falling due within one year 6 (340,505 ) (503,288 )
Net current assets 370,290 259,305
Total assets less current liabilities 448,883 363,363

Provisions for liabilities (8,834 ) (8,308 )
Net assets 440,049 355,055

Capital and reserves
Called up share capital 100 100
Retained earnings 439,949 354,955
440,049 355,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 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 3 September 2024 and were signed on its behalf by:





D M Walker - Director


EAST MIDLANDS WATER.COM LIMITED (REGISTERED NUMBER: 03663830)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

East Midlands Water.com 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.
Improvements to property - 10% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

EAST MIDLANDS WATER.COM LIMITED (REGISTERED NUMBER: 03663830)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Improvements Plant and and Motor
to property machinery fittings vehicles Totals
£ £ £ £ £
Cost
At 1 January 2023 159,125 60,907 9,852 54,652 284,536
Disposals - (3,833 ) - (30,157 ) (33,990 )
At 31 December 2023 159,125 57,074 9,852 24,495 250,546
Depreciation
At 1 January 2023 85,469 47,851 6,306 40,852 180,478
Charge for year 12,483 2,566 769 2,762 18,580
Eliminated on disposal - (2,640 ) - (24,465 ) (27,105 )
At 31 December 2023 97,952 47,777 7,075 19,149 171,953
Net book value
At 31 December 2023 61,173 9,297 2,777 5,346 78,593
At 31 December 2022 73,656 13,056 3,546 13,800 104,058

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 2,552 10,529
Other debtors 100,373 146,195
102,925 156,724

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 194,741 297,416
Taxation and social security 27,348 29,592
Other creditors 118,416 176,280
340,505 503,288

7. RELATED PARTY DISCLOSURES

Included in other debtors are amounts totalling £60,519 (2022: £53,265) owed by other companies under common control. No interest is charged.

Included in other creditors are amounts totalling £125,490 (2022: £117,618) due to companies under common control. No interest is charged.

Included in other creditors is a loan from a director of £nil (2022: £17,352).
The loan is interest free and repayable on demand.