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REGISTERED NUMBER: 04757304 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

H2O SERVICING LIMITED

H2O SERVICING LIMITED (REGISTERED NUMBER: 04757304)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


H2O SERVICING LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTORS: W Daniels
B Worthington
M G Foote





REGISTERED OFFICE: Unit 4
Bayley Industrial Estate
Stalybridge
Cheshire
SK15 1PU





REGISTERED NUMBER: 04757304 (England and Wales)





ACCOUNTANTS: Moss & Williamson Limited
Chartered Accountants
Booth Street Chambers
Ashton-under-Lyne
Lancashire
OL6 7LQ

H2O SERVICING LIMITED (REGISTERED NUMBER: 04757304)

ABRIDGED BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 26,071 55,294

CURRENT ASSETS
Stocks 28,472 30,819
Debtors 993,608 1,453,704
Cash at bank 871,672 740,763
1,893,752 2,225,286
CREDITORS
Amounts falling due within one year 1,252,962 1,695,407
NET CURRENT ASSETS 640,790 529,879
TOTAL ASSETS LESS CURRENT
LIABILITIES

666,861

585,173

PROVISIONS FOR LIABILITIES 71,740 10,506
NET ASSETS 595,121 574,667

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 595,021 574,567
SHAREHOLDERS' FUNDS 595,121 574,667

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 SERVICING LIMITED (REGISTERED NUMBER: 04757304)

ABRIDGED BALANCE SHEET - continued
31 August 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by:





W Daniels - Director


H2O SERVICING LIMITED (REGISTERED NUMBER: 04757304)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

H2O Servicing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

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

H2O SERVICING LIMITED (REGISTERED NUMBER: 04757304)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

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 14 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 178,792
Disposals (10,220 )
At 31 August 2024 168,572
DEPRECIATION
At 1 September 2023 123,498
Charge for year 21,559
Eliminated on disposal (2,556 )
At 31 August 2024 142,501
NET BOOK VALUE
At 31 August 2024 26,071
At 31 August 2023 55,294

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 25,425 25,425
Between one and five years 12,713 38,138
38,138 63,563