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REGISTERED NUMBER: 12644874 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

H2O Renewable Energy Ltd

H2O Renewable Energy Ltd (Registered number: 12644874)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H2O Renewable Energy Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: M J Newland





REGISTERED OFFICE: 64 Nutfield Road
Rownhams
Southampton
Hampshire
SO16 8JN





REGISTERED NUMBER: 12644874 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

H2O Renewable Energy Ltd (Registered number: 12644874)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,257 4,520

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 5 21,310 28,747
Cash at bank 57,414 48,358
88,724 87,105
CREDITORS
Amounts falling due within one year 6 44,604 49,761
NET CURRENT ASSETS 44,120 37,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,377

41,864

CREDITORS
Amounts falling due after more than one
year

7

(7,778

)

-

PROVISIONS FOR LIABILITIES (2,841 ) (860 )
NET ASSETS 53,758 41,004

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 53,757 41,003
SHAREHOLDERS' FUNDS 53,758 41,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

H2O Renewable Energy Ltd (Registered number: 12644874)

Balance Sheet - continued
30 June 2024


The 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.

The financial statements were approved by the director and authorised for issue on 26 March 2025 and were signed by:





M J Newland - Director


H2O Renewable Energy Ltd (Registered number: 12644874)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

H2O Renewable Energy Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 15% on reducing balance and Not provided

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

H2O Renewable Energy Ltd (Registered number: 12644874)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 9,690
Additions 22,511
At 30 June 2024 32,201
DEPRECIATION
At 1 July 2023 5,170
Charge for year 6,774
At 30 June 2024 11,944
NET BOOK VALUE
At 30 June 2024 20,257
At 30 June 2023 4,520

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 14,500
At 30 June 2024 14,500
DEPRECIATION
Charge for year 3,625
At 30 June 2024 3,625
NET BOOK VALUE
At 30 June 2024 10,875

H2O Renewable Energy Ltd (Registered number: 12644874)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,810 9,972
Other debtors 9,500 18,775
21,310 28,747

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 2,794 -
Trade creditors 912 857
Taxation and social security 19,024 26,170
Other creditors 21,874 22,734
44,604 49,761

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 7,778 -