Rawwater Applied Technology Limited 12656151 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is commercialising a leak and defect sealing service and producing leak sealing products Digita Accounts Production Advanced 6.30.9574.0 true true 12656151 2023-09-01 2024-08-31 12656151 2024-08-31 12656151 bus:OrdinaryShareClass1 2024-08-31 12656151 bus:OrdinaryShareClass2 2024-08-31 12656151 bus:OrdinaryShareClass3 2024-08-31 12656151 core:CurrentFinancialInstruments 2024-08-31 12656151 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 12656151 core:FurnitureFittings 2024-08-31 12656151 core:OfficeEquipment 2024-08-31 12656151 core:PlantMachinery 2024-08-31 12656151 bus:SmallEntities 2023-09-01 2024-08-31 12656151 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 12656151 bus:FilletedAccounts 2023-09-01 2024-08-31 12656151 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12656151 bus:RegisteredOffice 2023-09-01 2024-08-31 12656151 bus:Director1 2023-09-01 2024-08-31 12656151 bus:Director3 2023-09-01 2024-08-31 12656151 bus:Director4 2023-09-01 2024-08-31 12656151 bus:Director5 2023-09-01 2024-08-31 12656151 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 12656151 bus:OrdinaryShareClass2 2023-09-01 2024-08-31 12656151 bus:OrdinaryShareClass3 2023-09-01 2024-08-31 12656151 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12656151 core:FurnitureFittings 2023-09-01 2024-08-31 12656151 core:OfficeEquipment 2023-09-01 2024-08-31 12656151 core:PlantMachinery 2023-09-01 2024-08-31 12656151 countries:AllCountries 2023-09-01 2024-08-31 12656151 2023-08-31 12656151 core:FurnitureFittings 2023-08-31 12656151 core:OfficeEquipment 2023-08-31 12656151 core:PlantMachinery 2023-08-31 12656151 2022-09-01 2023-08-31 12656151 2023-08-31 12656151 bus:OrdinaryShareClass1 2023-08-31 12656151 bus:OrdinaryShareClass2 2023-08-31 12656151 bus:OrdinaryShareClass3 2023-08-31 12656151 core:CurrentFinancialInstruments 2023-08-31 12656151 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 12656151 core:FurnitureFittings 2023-08-31 12656151 core:OfficeEquipment 2023-08-31 12656151 core:PlantMachinery 2023-08-31 12656151 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 12656151 bus:OrdinaryShareClass2 2022-09-01 2023-08-31 12656151 bus:OrdinaryShareClass3 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12656151

Rawwater Applied Technology Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

image-name
 

Rawwater Applied Technology Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Rawwater Applied Technology Limited

Company Information

Directors

K Lennox

J A Williams

Dr Robert David Eden

D J Brend

Registered office

Culcheth Enterprise Centre
Withington Avenue
Culcheth
Warrington
Cheshire
WA3 4JE

Accountants

Hannah Murray FCCA
Chartered Certified Accountant
61 Falconers Green
Westbrook
Warrington
Cheshire
WA5 7XF

 

Rawwater Applied Technology Limited

(Registration number: 12656151)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

98,737

10,320

Current assets

 

Stocks

5

17,568

71,668

Debtors

6

261,008

81,027

Cash at bank and in hand

 

127,568

116,986

 

406,144

269,681

Creditors: Amounts falling due within one year

7

(448,806)

(310,135)

Net current liabilities

 

(42,662)

(40,454)

Net assets/(liabilities)

 

56,075

(30,134)

Capital and reserves

 

Called up share capital

8

120

118

Share premium reserve

47,748

-

Retained earnings

8,207

(30,252)

Shareholders' funds/(deficit)

 

56,075

(30,134)

For the financial year ending 31 August 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 Profit and Loss Account.

Approved and authorised by the Board on 5 March 2025 and signed on its behalf by:
 

 

Rawwater Applied Technology Limited

(Registration number: 12656151)
Balance Sheet as at 31 August 2024

.........................................
K Lennox
Director

 

Rawwater Applied Technology Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Culcheth Enterprise Centre
Withington Avenue
Culcheth
Warrington
Cheshire
WA3 4JE
England

These financial statements were authorised for issue by the Board on 5 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

Rawwater Applied Technology Limited

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

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.

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 balance sheet 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

Fixtures and Fittings

15% reducing balance

Office equipment

33.3% straight line

Plant and Machinery

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

 

Rawwater Applied Technology Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2023 - 12).

 

Rawwater Applied Technology Limited

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

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 September 2023

9,947

500

4,043

14,490

Additions

-

91,915

4,026

95,941

At 31 August 2024

9,947

92,415

8,069

110,431

Depreciation

At 1 September 2023

3,077

107

986

4,170

Charge for the year

1,031

4,380

2,113

7,524

At 31 August 2024

4,108

4,487

3,099

11,694

Carrying amount

At 31 August 2024

5,839

87,928

4,970

98,737

At 31 August 2023

6,870

393

3,057

10,320

5

Stocks

2024
£

2023
£

Work in progress

17,568

71,668

6

Debtors

Current

2024
£

2023
£

Trade debtors

230,040

52,800

Prepayments

30,968

28,227

 

261,008

81,027

7

Creditors

Creditors: amounts falling due within one year

 

Rawwater Applied Technology Limited

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

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

30,701

29,235

Amounts owed to group undertakings and undertakings in which the company has a participating interest

10

231,755

192,451

Taxation and social security

 

50,883

45,898

Accruals and deferred income

 

102,709

33,319

Other creditors

 

32,758

9,232

 

448,806

310,135

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares class A of £0.01 (2023 - £1) each

10,000

100

100

100

Ordinary shares class B of £0.01 (2023 - £1) each

1,800

18

18

18

Ordinary shares class C of £0.01 (2023 - £1) each

191

2

-

-

11,991

120

118

118

9

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £6.94 (2023 - £Nil) per each Ordinary shares class B

12,500

-

 

 

10

Related party transactions

The directors of Rawwater Applied Technology Limited have control and joint control over other companies. At the year end, there was a creditor of £18,952 (2023 -£2,400) for Rawwater Engineering Limited and a creditor of £212,803 (2023 - £190,051) to Rawwater Engineering Company Limited.

 

Rawwater Applied Technology Limited

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

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

60,000

60,000

Contributions paid to money purchase schemes

1,672

1,671

61,672

61,671