IRIS Accounts Production v24.3.2.46 08016387 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Ordinary 1.00000 53140 14666 2001 38474 55141 53140 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080163872023-06-30080163872024-06-30080163872023-07-012024-06-30080163872022-06-30080163872022-07-012023-06-30080163872023-06-3008016387ns15:EnglandWales2023-07-012024-06-3008016387ns14:PoundSterling2023-07-012024-06-3008016387ns10:Director12023-07-012024-06-3008016387ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3008016387ns10:SmallEntities2023-07-012024-06-3008016387ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3008016387ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3008016387ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3008016387ns10:FullAccounts2023-07-012024-06-3008016387ns10:OrdinaryShareClass12023-07-012024-06-3008016387ns10:Director2422023-06-3008016387ns10:Director2422022-06-3008016387ns10:Director2422023-07-012024-06-3008016387ns10:Director2422022-07-012023-06-3008016387ns10:Director2422023-06-3008016387ns5:CurrentFinancialInstruments2024-06-3008016387ns5:CurrentFinancialInstruments2023-06-3008016387ns5:Non-currentFinancialInstruments2024-06-3008016387ns5:Non-currentFinancialInstruments2023-06-3008016387ns5:ShareCapital2024-06-3008016387ns5:ShareCapital2023-06-3008016387ns5:RetainedEarningsAccumulatedLosses2024-06-3008016387ns5:RetainedEarningsAccumulatedLosses2023-06-3008016387ns10:RegisteredOffice2023-07-012024-06-3008016387ns5:PlantMachinery2023-07-012024-06-3008016387ns5:FurnitureFittings2023-07-012024-06-3008016387ns5:MotorVehicles2023-07-012024-06-3008016387ns5:PlantMachinery2023-06-3008016387ns5:FurnitureFittings2023-06-3008016387ns5:MotorVehicles2023-06-3008016387ns5:PlantMachinery2024-06-3008016387ns5:FurnitureFittings2024-06-3008016387ns5:MotorVehicles2024-06-3008016387ns5:PlantMachinery2023-06-3008016387ns5:FurnitureFittings2023-06-3008016387ns5:MotorVehicles2023-06-3008016387ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-012024-06-3008016387ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-06-3008016387ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3008016387ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3008016387ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-06-3008016387ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3008016387ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-06-3008016387ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-06-3008016387ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-06-3008016387ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-06-3008016387ns5:HirePurchaseContracts2024-06-3008016387ns5:HirePurchaseContracts2023-06-3008016387ns5:WithinOneYear2024-06-3008016387ns5:WithinOneYear2023-06-3008016387ns5:BetweenOneFiveYears2024-06-3008016387ns5:BetweenOneFiveYears2023-06-3008016387ns5:AllPeriods2024-06-3008016387ns5:AllPeriods2023-06-3008016387ns5:DeferredTaxation2023-06-3008016387ns5:DeferredTaxation2023-07-012024-06-3008016387ns5:DeferredTaxation2024-06-3008016387ns10:OrdinaryShareClass12024-06-3008016387ns10:Director22023-07-012024-06-30080163871ns10:Director12023-06-30080163871ns10:Director12022-06-30080163871ns10:Director12023-07-012024-06-30080163871ns10:Director12022-07-012023-06-30080163871ns10:Director12024-06-30080163871ns10:Director12023-06-30
REGISTERED NUMBER: 08016387 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2024

FOR

PURETECH WATER SYSTEMS (UK) LIMITED

PURETECH WATER SYSTEMS (UK) LIMITED (REGISTERED NUMBER: 08016387)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


PURETECH WATER SYSTEMS (UK) LIMITED (REGISTERED NUMBER: 08016387)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 33,828 27,680

CURRENT ASSETS
Stocks 6 8,250 24,200
Debtors 7 99,066 150,328
Cash at bank and in hand 53,117 119,187
160,433 293,715
CREDITORS
Amounts falling due within one year 8 139,950 284,070
NET CURRENT ASSETS 20,483 9,645
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,311

37,325

CREDITORS
Amounts falling due after more than
one year

9

(26,027

)

(30,301

)

PROVISIONS FOR LIABILITIES 11 (5,924 ) (4,829 )
NET ASSETS 22,360 2,195

CAPITAL AND RESERVES
Called up share capital 12 1,000 1,000
Retained earnings 21,360 1,195
SHAREHOLDERS' FUNDS 22,360 2,195

PURETECH WATER SYSTEMS (UK) LIMITED (REGISTERED NUMBER: 08016387)

BALANCE SHEET - continued
30 JUNE 2024


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 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 January 2025 and were signed on its behalf by:





Mr P D Godfrey - Director


PURETECH WATER SYSTEMS (UK) LIMITED (REGISTERED NUMBER: 08016387)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Puretech Water Systems (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08016387

Registered office: Unit 6
Morley Business Centre
Morley Road
Tonbridge
Kent
TN9 1RA

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

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

PURETECH WATER SYSTEMS (UK) LIMITED (REGISTERED NUMBER: 08016387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

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

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.


PURETECH WATER SYSTEMS (UK) LIMITED (REGISTERED NUMBER: 08016387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

PURETECH WATER SYSTEMS (UK) LIMITED (REGISTERED NUMBER: 08016387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023 12,184 8,783 51,790 72,757
Additions 2,012 914 31,708 34,634
Disposals - - (32,790 ) (32,790 )
At 30 June 2024 14,196 9,697 50,708 74,601
DEPRECIATION
At 1 July 2023 6,683 2,697 35,696 45,076
Charge for year 1,275 983 4,479 6,737
Eliminated on disposal - - (11,040 ) (11,040 )
At 30 June 2024 7,958 3,680 29,135 40,773
NET BOOK VALUE
At 30 June 2024 6,238 6,017 21,573 33,828
At 30 June 2023 5,501 6,086 16,094 27,681

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 13,300
At 30 June 2024 13,300
DEPRECIATION
Charge for year 2,217
At 30 June 2024 2,217
NET BOOK VALUE
At 30 June 2024 11,083

6. STOCKS
2024 2023
£    £   
Stocks 8,250 24,200

PURETECH WATER SYSTEMS (UK) LIMITED (REGISTERED NUMBER: 08016387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 86,237 90,367
Other debtors 3,655 3,625
Directors' current accounts - 53,140
Tax 485 485
Prepayments and accrued income 8,689 2,711
99,066 150,328

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,846 6,846
Hire purchase contracts (see note 10)
3,726

1,982
Trade creditors 22,270 77,213
Corporation tax 23,338 5,465
PAYE and social security 3,150 2,096
VAT 11,138 27,562
Other creditors 1,903 202
Accruals and deferred income 67,579 162,704
139,950 284,070

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 23,455 30,301
Hire purchase contracts (see note 10)
2,572

-
26,027 30,301

PURETECH WATER SYSTEMS (UK) LIMITED (REGISTERED NUMBER: 08016387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 3,726 1,982
Between one and five years 2,572 -
6,298 1,982

Non-cancellable operating leases
2024 2023
£    £   
Within one year 14,500 14,500
Between one and five years 7,250 21,750
21,750 36,250

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,924 4,829

Deferred
tax
£   
Balance at 1 July 2023 4,829
Provided during year 1,095
Balance at 30 June 2024 5,924

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

PURETECH WATER SYSTEMS (UK) LIMITED (REGISTERED NUMBER: 08016387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr P D Godfrey and Mrs C Godfrey
Balance outstanding at start of year 53,140 14,666
Amounts advanced 2,001 38,474
Amounts repaid (55,141 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 53,140

During the year, the maximum overdrawn balance on the director's current account was £NIL (2023: £53,140).

Interest of £NIL (2023: £671) was charged on the overdrawn balance, interest was charged at official rate of 2%.