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Registration number: 07774227

Water Solutions (Europe) Limited

Annual Report and Unaudited Financial Statements

For The Year Ended 31 March 2025

 

Water Solutions (Europe) Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Water Solutions (Europe) Limited

(Registration number: 07774227)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

           

Fixed assets

   

 

Intangible assets

 

132,000

 

-

Tangible assets

5

 

46,916

 

62,471

   

178,916

 

62,471

Current assets

   

 

Stocks

600

 

600

 

Debtors

6

69,346

 

198,004

 

Cash at bank and in hand

 

158,542

 

226,293

 

 

228,488

 

424,897

 

Creditors: Amounts falling due within one year

7

(107,345)

 

(88,660)

 

Net current assets

   

121,143

 

336,237

Total assets less current liabilities

   

300,059

 

398,708

Creditors: Amounts falling due after more than one year

7

 

(39,937)

 

(49,648)

Net assets

   

260,122

 

349,060

Capital and reserves

   

 

Called up share capital

110

 

110

 

Profit and loss account

260,012

 

348,950

 

Total equity

   

260,122

 

349,060

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 May 2025 and signed on its behalf by:
 

.........................................
Mr Timothy John Wafer
Director

 

Water Solutions (Europe) Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
11 Fusion Court
Aberford Road
Garforth
Leeds
LS25 2GH
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/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 specific criteria have been met for each of the company's activities.

Tax

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

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

 

Water Solutions (Europe) Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% Straight Line

Computer equipment

25% Straight Line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity.

 

Water Solutions (Europe) Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

16,471

21,066

Amortisation expense

33,000

-

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

29,734

75,599

105,333

Additions

916

-

916

Disposals

(20,563)

-

(20,563)

At 31 March 2025

10,087

75,599

85,686

Depreciation

At 1 April 2024

23,963

18,900

42,863

Charge for the year

2,296

14,175

16,471

Eliminated on disposal

(20,564)

-

(20,564)

At 31 March 2025

5,695

33,075

38,770

Carrying amount

At 31 March 2025

4,392

42,524

46,916

At 31 March 2024

5,772

56,699

62,471

 

Water Solutions (Europe) Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

6

Debtors

Current

2025
£

2024
£

Trade debtors

59,212

197,566

Prepayments

8,396

-

Other debtors

1,738

438

 

69,346

198,004

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Loans and borrowings

8,740

7,770

Trade creditors

52,976

44,090

Taxation and social security

14,337

34,160

Other creditors

31,292

2,640

107,345

88,660

Due after one year

Loans and borrowings

39,937

49,648