AMIAD WATER SYSTEMS UK LIMITED
Directors: D. Ivzori
R. Shimko
Registered Office: 6.12. Central House
1 Ballards Lane
London N3 1LQ
Registered No: 09628446 (England & Wales)
Auditors: Shahmoon & Co.
Chartered Accountants
6.12. Central House
1 Ballards Lane
London N3 1LQ
Financial statements
For the year ended 31 December 2024
page
Statement of financial position 1
Notes to the Financial Statements 2-5
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
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.
The company is a wholly owned subsidiary of Amiad Water Systems Ltd a company registered in the UK.
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.
3. ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared on a going concern basis, under historical cost convention.
The financial statements are presented in sterling (£).
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.
Cash flow
The company as a small entity has taken the advantage not to prepare a cash flow statement under FRS 102 Section 1A small entities.
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.
The directors expect the company to continue to be profitable in the next 12 months.
Based on the abov, the directors consider it appropriate to prepare the financial statements on a going concern basis.
Turnover
Turnover represents net invoiced value of goods and services excluding VAT.
Revenue Recognition
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.
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.
AMIAD WATER SYSTEMS UK LIMITED
Notes to the Financial Statements - 31 December 2024
1 STATUTORY INFORMATION (Continued)….
Inventory
Inventory is valued at the lower of cost and net resalable value, after making due allowances
for damaged and slow moving stock.
Inventory includes all direct expenses that were incurred on the stock up to the arrival at the
warehouse.
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
Plant and Machinery 20% straight line
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
from those in which they are included in the financial statements to the extent that it is
probably that an assets will crystallize in the future.
Provision for deferred taxation is set off against debit balance of deferred taxation.
Foreign currencies
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
Sterling at the rate of exchange ruling at the date of the transaction.
Operating lease
Rental applicable to operating leases are charged against profit as incurred.
Employee benefits
The company provides a range of benefits to employees, including paid holiday arrangements and
defined contribution pension plans.
(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.
(ii) Defined contribution pension plans
The company operated 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 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
independently administered funds.
AMIAD WATER SYSTEMS UK LIMITED
Notes to the Financial Statements - 31 December 2024
2. Employee information
The average number of staff employed by the company during the financial year was:
2024 2023
3 4
No remunerations were paid to any of the directors during the above 2 years.
3. Plant & equipment
Furniture
Plant & fixtures Computer
machinery & fittings & software Total
£ £ £ £
Cost:
At 1 January 2024 75,656 1,523 6,646 83,825
Additions - - - -
At 31 December 2024 75,656 1,523 6,646 83,825
Depreciation:
At 1 January 2024 29,689 20 6,062 35,771
Charge for the year 21,606 152 469 22,227
At 31 December 2024 51,295 172 6,531 57,998
Net book value:
At 31 December 2024 24,361 1,351 115 25,827
At 31 December 2023 45,967 1,503 584 48,054
4. Inventory
31.12.24 31.12.23
£ £
Finished goods for resale 39,844 22,799
39,844 22,799
5. Debtors
31.12.24 31.12.23
£ £
Trade debtors 249,020 379,123
Group company 9,563 1,544
Other debtors 0 2,647
Prepayments and accrued income 17,065 21,449
275,648 404,763
AMIAD WATER SYSTEMS UK LIMITED
Notes to the Financial Statements - 31 December 2024
6. Creditors: amounts falling due
within one year 31.12.24 31.12.23
£ £
Trade creditors 101,431 29,600
Parent company - 315,486
Group companies 91,995 259,670
Corporation Tax 15,277 11,758
VAT 40,468 17,546
Other tax and social security 4,066 4,147
Accruals 67,532 30,888
320,769 669,095
7. Deferred tax liability
31.12.24 31.12.23
£ £
At 1 January 2024 10,998 -
Transfer from to and loss account (4,541) 10,998
At 31 December 2024 6,457 10,998
31.12.24 31.12.23
£ £
Excess of capital allowance over depreciation 6,457 10,998
6,457 10,998
8. Share capital
31.12.24 31.12.23
£ £
Allotted, called up and fully paid:
100 Ordinary shares of £0.50 each 50 50
AMIAD WATER SYSTEMS UK LIMITED
Notes to the Financial Statements - 31 December 2024
9. Audit report information
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.
The senior statutory auditor was Mr.Ran Shahmoon.
The auditor was Shahmoon & Co.
Date auditor signed accounts: 7 May 2025
Name of director signing accounts: R. Shimko
Date director signed accounts: 7 May 2025
10. Related party transactions:
Control:
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 .
Amiad Water Systems Ltd is the smallest and largest group to prepare consolidated accounts which are publically available.
Transaction:
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.
Commitment:
The company has no commitments for operating office rental (2023 - £Nil).
The company has total commitment for operating lease equipment for the sum of £33,267 (2023 - £68,479) that will expire within 1 year.
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