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REGISTERED NUMBER: SC712747 (Scotland)















Audited Financial Statements for the Year Ended 31 March 2024

for

Intelligent Business Water Ltd

Intelligent Business Water Ltd (Registered number: SC712747)






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


Intelligent Business Water Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: T K Mcdade
F Gilroy



REGISTERED OFFICE: Atrium Business Centre
North Caldeen Road
Coatbridge
ML5 4EF



REGISTERED NUMBER: SC712747 (Scotland)



SENIOR STATUTORY AUDITOR: Brian Meldrum CA



AUDITORS: The Kelvin Partnership Ltd
The Cooper Building
505 Great Western Road
Glasgow
G12 8HN

Intelligent Business Water Ltd (Registered number: SC712747)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,498 131

CURRENT ASSETS
Debtors 6 303,261 75,285
Cash at bank 169,830 38,993
473,091 114,278
CREDITORS
Amounts falling due within one year 7 182,078 87,866
NET CURRENT ASSETS 291,013 26,412
TOTAL ASSETS LESS CURRENT
LIABILITIES

292,511

26,543

CREDITORS
Amounts falling due after more than one
year

8

40,000

-
NET ASSETS 252,511 26,543

CAPITAL AND RESERVES
Called up share capital 125 100
Share premium 199,975 -
Retained earnings 52,411 26,443
SHAREHOLDERS' FUNDS 252,511 26,543

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 1 November 2024 and were signed on its behalf by:




T K Mcdade - Director



F Gilroy - Director


Intelligent Business Water Ltd (Registered number: SC712747)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Intelligent Business Water Ltd is a private company, limited by shares , registered in Scotland. 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 and in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Financial instruments
Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than its legal form.

The company's cash at bank and in hand and other debtors and its trade and other creditors are measured initially at the transaction price, including transaction costs, and subsequently at amortised cost using the effective interest rate method. Debt instruments that are payable or receivable within one year are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

Taxation
Taxation for the year comprises current 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 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.

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.

Going concern
The directors consider that there are no material uncertainties about the company's ability to continue as a going concern for a period of at least twelve months from the date of the approval of the financial statements. Accordingly, the financial statements are prepared on a going concern basis.

Interest income
Interest income is recognised in then statement of income and retained earnings using the effective interest method.

In the application of the company's accounting policies, which are described in note 2, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.

Intelligent Business Water Ltd (Registered number: SC712747)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investment with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowing in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

4. AUDITORS' REMUNERATION
Period
20.10.21
Year Ended to
31.3.24 31.3.23
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

7,500

3,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 175
Additions 1,866
At 31 March 2024 2,041
DEPRECIATION
At 1 April 2023 44
Charge for year 499
At 31 March 2024 543
NET BOOK VALUE
At 31 March 2024 1,498
At 31 March 2023 131

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 45,341 26,796
Other debtors 257,920 48,489
303,261 75,285

Intelligent Business Water Ltd (Registered number: SC712747)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 142,228 6,212
Taxation and social security 11,908 7,172
Other creditors 27,942 74,482
182,078 87,866

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 40,000 -

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 5,931 -
Between one and five years 15,323 -
21,254 -

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Brian Meldrum CA (Senior Statutory Auditor)
for and on behalf of The Kelvin Partnership Ltd

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31st March 2024, the company was due £4,504 from T K McDade and owed £442 to Fraser Gilroy.

Amounts due from directors are unsecured, interest free and have no fixed terms of repayment.

12. ULTIMATE CONTROLLING PARTY

In the opinion of the directors there is no ultimate controlling party.