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Registration number: SC313226

Water For Health Limited

Unaudited Financial Statements

for the Year Ended 31 May 2024

 

Water For Health Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Water For Health Limited

(Registration number: SC313226)
Statement of Financial Position as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

23,726

15,073

Current assets

 

Stocks

173,911

162,322

Debtors

5

14,532

23,746

Cash at bank and in hand

 

12,629

2,227

 

201,072

188,295

Creditors: Amounts falling due within one year

6

(113,647)

(97,099)

Net current assets

 

87,425

91,196

Total assets less current liabilities

 

111,151

106,269

Creditors: Amounts falling due after more than one year

6

-

(16,186)

Net assets

 

111,151

90,083

Capital and reserves

 

Called up share capital

100

100

Retained earnings

111,051

89,983

Shareholders' funds

 

111,151

90,083

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 19 December 2024 and signed on its behalf by:
 

 

Water For Health Limited

(Registration number: SC313226)
Statement of Financial Position as at 31 May 2024

.........................................
Mr Edward MacDonald
Director

 

Water For Health Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Buchanan House
Rossie Place
Auchterarder
Perth
PH1 1AJ

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Foreign currency transactions and balances

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as the date of the transaction. Monetary assets and liabilities denominated in foreighn currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Water For Health Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Website

50% straight line

Fixtures and fittings

50% straight line

Office equipment

33% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

 

Water For Health Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 7 (2023 - 7).

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 June 2023

992

91,363

9,924

102,279

Additions

-

25,000

-

25,000

At 31 May 2024

992

116,363

9,924

127,279

Depreciation

At 1 June 2023

992

77,620

8,594

87,206

Charge for the year

-

15,616

731

16,347

At 31 May 2024

992

93,236

9,325

103,553

Carrying amount

At 31 May 2024

-

23,127

599

23,726

At 31 May 2023

-

13,743

1,330

15,073

5

Debtors

Current

2024
£

2023
£

Trade debtors

3,431

2,143

Prepayments

5,961

4,086

Other debtors

5,140

17,517

 

14,532

23,746

 

Water For Health Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

16,322

27,028

Trade creditors

 

31,444

26,533

Taxation and social security

 

40,915

35,388

Accruals and deferred income

 

3,019

4,654

Other creditors

 

21,947

3,496

 

113,647

97,099

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

-

16,186

7

Dividends

Final dividends paid

2024
£

2023
£

Final dividend of £540.90 (2023 - £298.78) per each Ordinary A

17,850

9,860

Final dividend of £282.35 per each Ordinary B

9,600

9,600

Final dividend of £227.27 (2023 - £60.60) per each Ordinary C

7,500

2,000

34,950

21,460