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REGISTERED NUMBER: SC248922 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

H2O COST REDUCTION SERVICES LIMITED

H2O COST REDUCTION SERVICES LIMITED (REGISTERED NUMBER: SC248922)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H2O COST REDUCTION SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: J Ballantyne





SECRETARY: Mrs F Ballantyne





REGISTERED OFFICE: 272 Bath Street
Glasgow
G2 4JR





REGISTERED NUMBER: SC248922 (Scotland)

H2O COST REDUCTION SERVICES LIMITED (REGISTERED NUMBER: SC248922)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 104,582 90,854

CURRENT ASSETS
Stocks 22,208 22,915
Debtors 5 244,404 168,792
Cash at bank and in hand 31,788 107,646
298,400 299,353
CREDITORS
Amounts falling due within one year 6 151,793 121,358
NET CURRENT ASSETS 146,607 177,995
TOTAL ASSETS LESS CURRENT
LIABILITIES

251,189

268,849

CREDITORS
Amounts falling due after more than
one year

7

(33,337

)

(37,728

)

PROVISIONS FOR LIABILITIES 9 (26,146 ) (17,262 )
NET ASSETS 191,706 213,859

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 190,706 212,859
SHAREHOLDERS' FUNDS 191,706 213,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 COST REDUCTION SERVICES LIMITED (REGISTERED NUMBER: SC248922)

BALANCE SHEET - continued
31 MARCH 2025


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 April 2025 and were signed by:





J Ballantyne - Director


H2O COST REDUCTION SERVICES LIMITED (REGISTERED NUMBER: SC248922)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

H2o Cost Reduction Services Limited is a private company, limited by shares , registered in Scotland. 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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Basic financial instruments
Basic financial instruments such as debtors, cash and bank are recorded at the proceeds received net of transaction costs.

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.


H2O COST REDUCTION SERVICES LIMITED (REGISTERED NUMBER: SC248922)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued
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.

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 15 (2024 - 17 ) .

H2O COST REDUCTION SERVICES LIMITED (REGISTERED NUMBER: SC248922)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 7,670 1,906 145,204 26,636 181,416
Additions - 285 43,950 3,845 48,080
Disposals - - (24,510 ) - (24,510 )
At 31 March 2025 7,670 2,191 164,644 30,481 204,986
DEPRECIATION
At 1 April 2024 3,857 1,356 66,082 19,267 90,562
Charge for year 763 104 25,842 2,591 29,300
Eliminated on disposal - - (19,458 ) - (19,458 )
At 31 March 2025 4,620 1,460 72,466 21,858 100,404
NET BOOK VALUE
At 31 March 2025 3,050 731 92,178 8,623 104,582
At 31 March 2024 3,813 550 79,122 7,369 90,854

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024 38,170
Additions 43,950
At 31 March 2025 82,120
DEPRECIATION
At 1 April 2024 6,362
Charge for year 15,277
At 31 March 2025 21,639
NET BOOK VALUE
At 31 March 2025 60,481
At 31 March 2024 31,808

H2O COST REDUCTION SERVICES LIMITED (REGISTERED NUMBER: SC248922)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 208,148 141,942
Other debtors 36,256 26,850
244,404 168,792

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,509 10,509
Hire purchase contracts (see note 8) 22,824 11,958
Trade creditors 10,745 14,691
Taxation and social security 79,212 74,453
Other creditors 28,503 9,747
151,793 121,358

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 6,991 -
Hire purchase contracts (see note 8) 26,346 20,488
Other creditors - 17,240
33,337 37,728

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 22,824 11,958
Between one and five years 26,346 20,488
49,170 32,446

Non-cancellable operating leases
2025 2024
£    £   
Within one year - 8,520

H2O COST REDUCTION SERVICES LIMITED (REGISTERED NUMBER: SC248922)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

9. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 26,146 17,262

Deferred
tax
£   
Balance at 1 April 2024 17,262
Charge to Income Statement during year 8,884
Balance at 31 March 2025 26,146

Deferred tax provided above relates to capital allowances in advance of depreciation.