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Registered Number: 11294509
England and Wales

 

 

 

SME WATER LTD


Abridged Accounts
 


Period of accounts

Start date: 01 May 2023

End date: 30 April 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 4 47,092    53,355 
Tangible fixed assets 5 4,928    4,224 
52,020    57,579 
Current assets      
Stocks 13,000    68,415 
Debtors 36,650    160,904 
Cash at bank and in hand 346,418    86,979 
396,068    316,298 
Creditors: amount falling due within one year (80,493)   (56,062)
Net current assets 315,575    260,236 
 
Total assets less current liabilities 367,595    317,815 
Accruals and deferred income (120,835)   (85,948)
Net assets 246,760    231,867 
 

Capital and reserves
     
Called up share capital 6 1,000    1,000 
Profit and loss account 245,760    230,867 
Shareholders' funds 246,760    231,867 
 


For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 10 January 2025 and were signed on its behalf by:


-------------------------------
Stuart Mawditt
Director
1
General Information
SME Water Ltd is a private company, limited by shares, registered in England and Wales, registration number 11294509, registration address Unit 10, The Workshops, Marcus Street, Wirral, Merseyside, CH41 1EU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Development expenditures
Research and development expenditure is charged to the income statement in the period in which it is incurred. However, where the directors are satisfied as to the technical, commercial and financial viability of individual projects, development expenditure is deferred and amortised over the number of years during which the company is expected to benefit.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 15% Reducing Balance
Computer Equipment 33% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 10 (2023 : 9).
3.

Financial Commitments, Guarantees and Contingencies

The lease for the premises runs to August 2024 equalling a financial commitment of £2,600.

4.

Intangible fixed assets

Cost Research and Development   Total
  £   £
At 01 May 2023 62,623    62,623 
Additions  
Disposals  
At 30 April 2024 62,623    62,623 
Amortisation
At 01 May 2023 9,268    9,268 
Charge for year 6,263    6,263 
On disposals  
At 30 April 2024 15,531    15,531 
Net book values
At 30 April 2024 47,092    47,092 
At 30 April 2023 53,355    53,355 


5.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 May 2023 3,317    8,043    11,360 
Additions 1,394    1,590    2,984 
Disposals    
At 30 April 2024 4,711    9,633    14,344 
Depreciation
At 01 May 2023 1,058    6,078    7,136 
Charge for year 543    1,737    2,280 
On disposals    
At 30 April 2024 1,601    7,815    9,416 
Net book values
Closing balance as at 30 April 2024 3,110    1,818    4,928 
Opening balance as at 01 May 2023 2,259    1,965    4,224 


6.

Share Capital

Authorised
1 Class A share of £1.00 each
599 Ordinary shares of £1.00 each
400 Class B shares of £1.00 each
Allotted, called up and fully paid
2024
£
  2023
£
1 Class A share of £1.00 each  
599 Ordinary shares of £1.00 each 599    599 
400 Class B shares of £1.00 each 400    400 
1,000    1,000 

2