Company Registration No. 04997138 (England and Wales)
WATER AT WORK LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
United Kingdom
LE4 9LJ
WATER AT WORK LTD
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Statement of changes in equity
4
Notes to the financial statements
5 - 9
WATER AT WORK LTD
COMPANY INFORMATION
- 1 -
Directors
Ms T Cornford
Mr A J Rostron
Miss F E Rostron
Secretary
Ms T Cornford
Company number
04997138
Registered office
Unit 9 East Bridgford Business Park
Kneeton Road
East Bridgford
Nottingshamshire
United Kingdom
NG13 8PJ
Accountants
TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
United Kingdom
LE4 9LJ
WATER AT WORK LTD
BALANCE SHEET
AS AT 30 APRIL 2024
30 April 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
9,400
Tangible assets
4
81,778
36,893
81,778
46,293
Current assets
Stocks
18,498
18,498
Debtors
5
146,940
127,149
Cash at bank and in hand
72,193
72,128
237,631
217,775
Creditors: amounts falling due within one year
6
(172,683)
(138,400)
Net current assets
64,948
79,375
Total assets less current liabilities
146,726
125,668
Creditors: amounts falling due after more than one year
7
(56,985)
(34,229)
Net assets
89,741
91,439
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
89,740
91,438
Total equity
89,741
91,439
WATER AT WORK LTD
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024
30 April 2024
- 3 -
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 30 January 2025 and are signed on its behalf by:
Ms T Cornford
Director
Company Registration No. 04997138
The notes on pages 5 to 9 form part of these financial statements
WATER AT WORK LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 May 2022
1
98,274
98,275
Year ended 30 April 2023:
Profit and total comprehensive income for the year
-
85,164
85,164
Dividends
-
(92,000)
(92,000)
Balance at 30 April 2023
1
91,438
91,439
Year ended 30 April 2024:
Profit and total comprehensive income for the year
-
104,802
104,802
Dividends
-
(106,500)
(106,500)
Balance at 30 April 2024
1
89,740
89,741
The notes on pages 5 to 9 form part of these financial statements
WATER AT WORK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
1
Accounting policies
Company information
Water at Work Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 9 East Bridgford Business Park, Kneeton Road, East Bridgford, Nottingshamshire, United Kingdom, NG13 8PJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of goods & services is recognised when the significant risks and rewards of ownership have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
1.3
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
WATER AT WORK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 6 -
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% Reducing balance and 20% on cost
Fixtures and fittings
25% Reducing balance
Computers
20% Reducing balance
Motor vehicles
25% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
1.6
Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Classification of financial liabilities
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 company after deducting all of its liabilities.
1.7
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
WATER AT WORK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 7 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
9
9
3
Intangible fixed assets
Goodwill
£
Cost
At 1 May 2023 and 30 April 2024
203,000
Amortisation and impairment
At 1 May 2023
193,600
Amortisation charged for the year
9,400
At 30 April 2024
203,000
Carrying amount
At 30 April 2024
At 30 April 2023
9,400
WATER AT WORK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 8 -
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 May 2023
300,251
30,666
7,814
187,799
526,530
Additions
10,560
224
567
77,917
89,268
At 30 April 2024
310,811
30,890
8,381
265,716
615,798
Depreciation and impairment
At 1 May 2023
274,792
29,414
7,536
177,895
489,637
Depreciation charged in the year
14,373
369
258
29,383
44,383
At 30 April 2024
289,165
29,783
7,794
207,278
534,020
Carrying amount
At 30 April 2024
21,646
1,107
587
58,438
81,778
At 30 April 2023
25,459
1,252
278
9,904
36,893
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
139,415
125,755
Other debtors
7,525
1,394
146,940
127,149
WATER AT WORK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 9 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,225
9,973
Obligations under hire purchase agreements
28,409
9,144
Trade creditors
51,731
46,545
Corporation tax
31,697
28,681
Other taxation and social security
34,050
24,113
Other creditors
571
3,944
Accruals and deferred income
16,000
16,000
172,683
138,400
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
11,369
21,594
Other creditors
45,616
12,635
56,985
34,229
8
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2024
2023
£
£
22,600