Caseware UK (AP4) 2024.0.164 2024.0.164 2023-12-312023-12-31true82023-04-01falseNo description of principal activity6truefalse 09861737 2023-04-01 2023-12-31 09861737 2022-04-01 2023-03-31 09861737 2023-12-31 09861737 2023-03-31 09861737 c:Director1 2023-04-01 2023-12-31 09861737 c:Director7 2023-04-01 2023-12-31 09861737 c:Director8 2023-04-01 2023-12-31 09861737 c:RegisteredOffice 2023-04-01 2023-12-31 09861737 d:PlantMachinery 2023-04-01 2023-12-31 09861737 d:PlantMachinery 2023-12-31 09861737 d:PlantMachinery 2023-03-31 09861737 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2023-12-31 09861737 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-04-01 2023-12-31 09861737 d:MotorVehicles 2023-04-01 2023-12-31 09861737 d:MotorVehicles 2023-12-31 09861737 d:MotorVehicles 2023-03-31 09861737 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2023-12-31 09861737 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-01 2023-12-31 09861737 d:FurnitureFittings 2023-04-01 2023-12-31 09861737 d:FurnitureFittings 2023-12-31 09861737 d:FurnitureFittings 2023-03-31 09861737 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2023-12-31 09861737 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-04-01 2023-12-31 09861737 d:ComputerEquipment 2023-04-01 2023-12-31 09861737 d:ComputerEquipment 2023-12-31 09861737 d:ComputerEquipment 2023-03-31 09861737 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2023-12-31 09861737 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2023-04-01 2023-12-31 09861737 d:OwnedOrFreeholdAssets 2023-04-01 2023-12-31 09861737 d:LeasedAssetsHeldAsLessee 2023-04-01 2023-12-31 09861737 d:Goodwill 2023-04-01 2023-12-31 09861737 d:Goodwill 2023-12-31 09861737 d:Goodwill 2023-03-31 09861737 d:ComputerSoftware 2023-04-01 2023-12-31 09861737 d:ComputerSoftware 2023-12-31 09861737 d:ComputerSoftware 2023-03-31 09861737 d:OtherResidualIntangibleAssets 2023-04-01 2023-12-31 09861737 d:CurrentFinancialInstruments 2023-12-31 09861737 d:CurrentFinancialInstruments 2023-03-31 09861737 d:Non-currentFinancialInstruments 2023-12-31 09861737 d:Non-currentFinancialInstruments 2023-03-31 09861737 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09861737 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09861737 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09861737 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09861737 d:ShareCapital 2023-12-31 09861737 d:ShareCapital 2023-03-31 09861737 d:RetainedEarningsAccumulatedLosses 2023-12-31 09861737 d:RetainedEarningsAccumulatedLosses 2023-03-31 09861737 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 09861737 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 09861737 c:FRS102 2023-04-01 2023-12-31 09861737 c:Audited 2023-04-01 2023-12-31 09861737 c:FullAccounts 2023-04-01 2023-12-31 09861737 c:PrivateLimitedCompanyLtd 2023-04-01 2023-12-31 09861737 c:SmallCompaniesRegimeForAccounts 2023-04-01 2023-12-31 09861737 2 2023-04-01 2023-12-31 09861737 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2023-12-31 09861737 d:ComputerSoftware d:OwnedIntangibleAssets 2023-04-01 2023-12-31 09861737 e:PoundSterling 2023-04-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 09861737










NORTH EAST WATER SOFTENERS LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
NORTH EAST WATER SOFTENERS LIMITED
 
 
COMPANY INFORMATION


Directors
S J Boyd 
A D Jones 
J Knight 




Registered number
09861737



Registered office
Fourth Floor Abbots House
Abbey Street

Reading

Berkshire

RG1 3BD




Trading Address
The Innovation Centre
Queens Meadow Business Park

Hartlepool

TS25 5TG






Independent auditors
BW Audit Ltd
Chartered Accountants & Statutory Auditors

Berry & Warren

54 Thorpe Road

Norwich

NR1 1RY





 
NORTH EAST WATER SOFTENERS LIMITED
 

CONTENTS



Page
Balance Sheet
1 - 2
Notes to the Financial Statements
3 - 12


 
NORTH EAST WATER SOFTENERS LIMITED
REGISTERED NUMBER: 09861737

BALANCE SHEET
AS AT 31 DECEMBER 2023

31 December
As restated
31 March
2023
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
4,335
15,757

Tangible assets
 5 
7,397
17,382

  
11,732
33,139

Current assets
  

Stocks
  
144,606
119,171

Debtors: amounts falling due within one year
 6 
85,829
48,760

Cash at bank and in hand
 7 
223,265
234,074

  
453,700
402,005

Creditors: amounts falling due within one year
 8 
(306,434)
(196,118)

Net current assets
  
 
 
147,266
 
 
205,887

Total assets less current liabilities
  
158,998
239,026

Creditors: amounts falling due after more than one year
 9 
-
(75,973)

Provisions for liabilities
  

Deferred tax
  
(1,849)
-

  
 
 
(1,849)
 
 
-

Net assets
  
157,149
163,053


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
157,049
162,953

  
157,149
163,053


Page 1

 
NORTH EAST WATER SOFTENERS LIMITED
REGISTERED NUMBER: 09861737
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J Knight
Director

Date: 9 April 2025

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
NORTH EAST WATER SOFTENERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

North East Water Softeners Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office and trading address can be found on the Company Information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

At the time of signing the financial statements, the Directors have considered the continued economic uncertainty and its impact on the company. They have prepared forecasts and considered the financial strength of the company and the wider group.
Based on this, the Directors have concluded that they have a reasonable expectation that the company will continue for the foreseeable future, and at least twelve months from the date of signing these accounts. They therefore believe it is appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

This is usually at the point that the customer has accepted delivery of the goods.

Page 3

 
NORTH EAST WATER SOFTENERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Operating leases: the company as lessee

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

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Pensions

Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 4

 
NORTH EAST WATER SOFTENERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
10
years
Computer software
-
5
years

Page 5

 
NORTH EAST WATER SOFTENERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight line
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
NORTH EAST WATER SOFTENERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.15

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and amounts due to related parties.
These are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 8 (2023 - 6).

Page 7

 
NORTH EAST WATER SOFTENERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Intangible assets






Computer software
Goodwill
Total

£
£
£



Cost


At 1 April 2023
13,003
10,200
23,203


Disposals
(13,003)
-
(13,003)



At 31 December 2023

-
10,200
10,200



Amortisation


At 1 April 2023
2,601
4,845
7,446


Charge for the period on owned assets
2,601
1,020
3,621


On disposals
(5,202)
-
(5,202)



At 31 December 2023

-
5,865
5,865



Net book value



At 31 December 2023
-
4,335
4,335



At 31 March 2023
10,402
5,355
15,757



Page 8

 
NORTH EAST WATER SOFTENERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Tangible fixed assets







Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
9,223
16,775
12,376
20,282
58,656


Additions
-
-
229
-
229


Disposals
-
-
-
(20,282)
(20,282)



At 31 December 2023

9,223
16,775
12,605
-
38,603



Depreciation


At 1 April 2023
9,223
9,698
9,631
12,722
41,274


Charge for the period on owned assets
-
1,769
885
1,247
3,901


Charge for the period on financed assets
-
-
-
(13,969)
(13,969)



At 31 December 2023

9,223
11,467
10,516
-
31,206



Net book value



At 31 December 2023
-
5,308
2,089
-
7,397



At 31 March 2023
-
7,077
2,745
7,560
17,382


6.


Debtors

31 December
31 March
2023
2023
£
£


Trade debtors
85,829
32,987

Other debtors
-
104

Prepayments and accrued income
-
15,669

85,829
48,760


Page 9

 
NORTH EAST WATER SOFTENERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

7.


Cash and cash equivalents

31 December
31 March
2023
2023
£
£

Cash at bank and in hand
223,265
234,074

223,265
234,074



8.


Creditors: Amounts falling due within one year

31 December
As restated
31 March
2023
2023
£
£

Bank loans
-
34,167

Trade creditors
83,725
75,048

Amounts owed to group undertakings
102,050
-

Corporation tax
71,472
50,126

Other taxation and social security
36,862
32,487

Other creditors
-
4,290

Accruals and deferred income
12,325
-

306,434
196,118



9.


Creditors: Amounts falling due after more than one year

31 December
As restated
31 March
2023
2023
£
£

Bank loans
-
75,973

-
75,973


Page 10

 
NORTH EAST WATER SOFTENERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

10.


Deferred taxation






2023


£






Charged to profit or loss
1,849



At end of year
1,849

The deferred taxation balance is made up as follows:

31 December
31 March
2023
2023
£
£


Accelerated capital allowances
1,849
-

1,849
-


11.


Prior year adjustment

A management charge of £35,000 was incorrectly provided for in the accounts to 31 March 2023. This has now been removed and the corporation tax adjusted for the additional profit. The total profit impact is £28,350.
In addition, the ageing of the bank loan was incorrect between within and over one year and this has been amended.


12.


Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.


13.


Controlling party

The immediate parent company is Harvey Water Softeners Limited.  
The ultimate parent company and controlling party is BDT & MSD Partners. The parent undertaking of the largest and smallest group to consolidate these financial statements is Osmosis Holdings, LP, a company incorporated in the United States. Copies of the Osmosis Holdings, LP accounts can be obtained from Culligan International Company, 9399 W.Higgins Rd, Suite 1100 Rosemont, IL60018, USA.

Page 11

 
NORTH EAST WATER SOFTENERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

14.


Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2023 was qualified.

The qualification in the audit report was as follows:

Basis for disclaimer of opinion
We were appointed as auditors in August 2023 after the change in ownership. As a result, no stocktake was attended at 31 March 2023 and we were unable to satisfy ourselves by alternative means concerning the stock held at that date. In addition, following the acquisition of the company, a material value of balances within the balance sheet have been written off to the Statement of Income and Retained Earnings as there is no support for them and it is not clear whether they were necessary.
As a result of these matters, we were unable to determine, with any accuracy, the opening value of stock, which has an impact on cost of sales. There has been a material adjustment to sales and there are not sufficient records to offer assurance on completeness of debtors and creditors and therefore the elements making up the Statement of Income and Retained Earnings and the Balance Sheet.

The audit report was signed on 10 April 2025 by Joanne Fox BA FCA (Senior Statutory Auditor) on behalf of BW Audit Ltd.

 
Page 12