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Triwater Ltd

Registered Number
10219977
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

Triwater Ltd
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

Dean Marc Shelfer

Registered Address

The Workshop Park Farm
Park Lane
Chichester
PO20 3TL

Registered Number

10219977 (England and Wales)
Triwater Ltd
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3113,22395,302
113,22395,302
Current assets
Stocks24,01699,751
Debtors84,15556,744
Cash at bank and on hand41,73220,479
149,903176,974
Creditors amounts falling due within one year(111,937)(99,052)
Net current assets (liabilities)37,96677,922
Total assets less current liabilities151,189173,224
Creditors amounts falling due after one year(91,030)(94,000)
Provisions for liabilities(27,705)(23,093)
Net assets32,45456,131
Capital and reserves
Called up share capital11
Profit and loss account32,45356,130
Shareholders' funds32,45456,131
The financial statements were approved and authorised for issue by the Director on 7 March 2025, and are signed on its behalf by:
Dean Marc Shelfer
Director
Registered Company No. 10219977
Triwater Ltd
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Fixtures and fittings4
Office Equipment4
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year43
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 July 23141,420
Additions46,019
At 30 June 24187,439
Depreciation and impairment
At 01 July 2346,118
Charge for year28,098
At 30 June 2474,217
Net book value
At 30 June 24113,223
At 30 June 2395,302
4.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts64,33166,667
5.Other commitments
At the end of the year the company had financial commitments totalling £15,956 (2023: £9,554).
6.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Dean Marc Shelfer15,75264,78361,91118,624
15,75264,78361,91118,624
Interest was charged on the loan to the director at the HMRC rate of interest.