| AMIAD WATER SYSTEMS UK LIMITED |
| Statement of financial position as at 31 December 2024 |
|
|
|
31.12.2024 |
|
|
|
31.12.2023 |
|
Notes |
£ |
|
£ |
|
|
|
| Fixed assets |
| Plant and equipment |
3 |
|
|
25,827 |
|
48,054 |
|
| Current assets |
| Inventory |
4 |
39,844 |
|
|
|
22,799 |
| Debtors |
5 |
275,648 |
|
|
|
404,763 |
| Cash at bank and in hand |
|
153,466 |
|
|
|
350,291 |
|
|
468,958 |
|
|
|
777,853 |
| Creditors: amounts falling due |
| within one year |
6 |
(320,769) |
|
|
|
(669,095) |
|
|
|
|
|
|
|
| Net current assets/(liabilities) |
|
|
|
148,189 |
|
108,758 |
|
|
|
|
|
|
| Provision for liabilities |
| Deferred tax liability |
7 |
|
|
(6,457) |
|
(10,998) |
|
| Total net assets |
|
|
|
£ 167,559 |
|
£ 145,814 |
|
|
|
|
|
|
|
|
|
| Capital and reserve |
|
|
|
|
£ |
|
£ |
|
| Called up share capital |
8 |
|
|
50 |
|
50 |
| Profit and loss account |
|
|
|
167,509 |
|
145,764 |
| Shareholders' funds |
|
|
|
£ 167,559 |
|
£ 145,814 |
|
|
|
|
- |
|
|
| The accounts have been prepared and delivered in accordance with special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
| _________________________ |
| R. Shimko |
| Director |
| Approved by the Board: |
| 7 May 2025 |
| Company Registration No. 09628446 |
|
| AMIAD WATER SYSTEMS UK LIMITED |
|
| Notes to the Financial Statements - 31 December 2024 |
|
| 1 |
STATUTORY INFORMATION |
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|
Company Information |
|
Amiad Water Systems UK Limited is a private limited company incorporated and domiciled in the UK. The address of its registered office is 6.12. Central House, 1 Ballards Lane, London, N3 1LQ. |
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The company is a wholly owned subsidiary of Amiad Water Systems Ltd a company registered in the UK. |
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| 2. |
STATEMENT OF COMPLIANCE |
|
The financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A small entities and the Companies Act 2006. |
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| 3. |
ACCOUNTING POLICIES |
|
Basis of accounting |
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The financial statements have been prepared on a going concern basis, under historical cost convention. |
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The financial statements are presented in sterling (£). |
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The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
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Cash flow |
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The company as a small entity has taken the advantage not to prepare a cash flow statement under FRS 102 Section 1A small entities. |
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|
Going Concern |
|
The company has a positive equity and net current asset position. The company is profitable and will continue to be profitable in the future as in accordance with the group TP, it is entitled to a fixed operating margin. In the period after year end up to the date of signing the accounts, the company was profitable and had a positive cash flow. |
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The directors expect the company to continue to be profitable in the next 12 months. |
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Based on the abov, the directors consider it appropriate to prepare the financial statements on a going concern basis. |
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|
Turnover |
|
Turnover represents net invoiced value of goods and services excluding VAT. |
|
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Revenue Recognition |
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Revenue comprises the fair value of the consideration received or receivable for the sale of goods and services in the ordinary course of the company’s activities. Revenue is shown net of value-added tax, returns, rebates and discounts. |
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|
|
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 the costs incurred or to be incurred in respect of the transaction can be measured reliably. |
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| AMIAD WATER SYSTEMS UK LIMITED |
|
| Notes to the Financial Statements - 31 December 2024 |
|
| 1 |
STATUTORY INFORMATION (Continued)…. |
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|
Inventory |
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Inventory is valued at the lower of cost and net resalable value, after making due allowances |
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for damaged and slow moving stock. |
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Inventory includes all direct expenses that were incurred on the stock up to the arrival at the |
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warehouse. |
|
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Tangible fixed assets |
|
Plant & equipment |
|
Depreciation is provided at the following annual rates in order to write off the assets over their |
|
estimated useful lives: |
|
Computer and software |
33% straight line |
|
Furniture, fixtures and fittings |
10% straight line |
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Plant and Machinery |
20% straight line |
|
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Deferred taxation |
|
Deferred taxation is provided using the liability method to take into account timing differences |
|
arising from the inclusion of items of expenditure in taxation computations in periods that differ |
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from those in which they are included in the financial statements to the extent that it is |
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probably that an assets will crystallize in the future. |
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Provision for deferred taxation is set off against debit balance of deferred taxation. |
|
|
Foreign currencies |
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Monetary assets and liabilities in foreign currencies are translated into Sterling at the rate of |
|
exchange ruling at the balance sheet date. Transaction in foreign currencies are translated into |
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Sterling at the rate of exchange ruling at the date of the transaction. |
|
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Operating lease |
|
Rental applicable to operating leases are charged against profit as incurred. |
|
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Employee benefits |
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The company provides a range of benefits to employees, including paid holiday arrangements and |
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defined contribution pension plans. |
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(i) Short term benefits |
|
Short term benefits, including holiday pay and other similar non-monetary benefits are |
|
recognised as an expense in the period in which the service is received. |
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(ii) Defined contribution pension plans |
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The company operated a defined contribution plan for its employees. A defined contribution |
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plan is a pension plan under which the company pays fixed contributions into a separate entity. |
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Once the contributions have been paid the company has no further payment obligations. The |
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contributions are recognised as an expense when they are due. Amounts not paid are shown in |
|
accruals in the balance sheet. The assets of the plan are held separately from the company in |
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independently administered funds. |
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| AMIAD WATER SYSTEMS UK LIMITED |
|
| Notes to the Financial Statements - 31 December 2024 |
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| 9. |
Audit report information |
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As the income statement has been omitted from the filing of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444 (5B) of the Companies Act 2006. The auditors' report was unqualified. |
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The senior statutory auditor was Mr.Ran Shahmoon. |
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The auditor was Shahmoon & Co. |
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Date auditor signed accounts: 7 May 2025 |
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Name of director signing accounts: R. Shimko |
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Date director signed accounts: 7 May 2025 |
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| 10. |
Related party transactions: |
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Control: |
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The parent undertaking is Amiad Water Systems Ltd., a company incorporated in Israel whose address is: DN Galil Elyon 1, Kibbutz Amiad, 1233500, Israel and who is listed on the Tel Aviv stock exchange . |
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Amiad Water Systems Ltd is the smallest and largest group to prepare consolidated accounts which are publically available. |
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Transaction: |
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The company is exempt from disclosing transactions with related parties that are wholly owned within the same group in accordance with FRS 102 Section 33(1)A. |
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Commitment: |
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The company has no commitments for operating office rental (2023 - £Nil). |
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The company has total commitment for operating lease equipment for the sum of £33,267 (2023 - £68,479) that will expire within 1 year. |