2023-10-01 NI609188 2024-09-30 NI609188 2023-10-01 2024-09-30 NI609188 2023-09-30 NI609188 2022-10-01 2023-09-30 NI609188 uk-core:WithinOneYear 2023-09-30 NI609188 uk-core:WithinOneYear 2024-09-30 NI609188 uk-core:AfterOneYear 2023-09-30 NI609188 uk-core:AfterOneYear 2024-09-30 NI609188 uk-core:ShareCapital 2024-09-30 NI609188 uk-core:ShareCapital 2023-09-30 NI609188 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI609188 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 NI609188 uk-bus:Director1 2023-10-01 2024-09-30 NI609188 uk-core:PlantMachinery 2023-10-01 2024-09-30 NI609188 uk-core:ComputerEquipment 2023-10-01 2024-09-30 NI609188 uk-core:MotorCars 2023-10-01 2024-09-30 NI609188 uk-core:FurnitureFittings 2023-10-01 2024-09-30 NI609188 uk-core:Goodwill 2023-09-30 NI609188 uk-core:Goodwill 2024-09-30 NI609188 uk-core:ComputerEquipment 2023-09-30 NI609188 uk-core:FurnitureFittings 2023-09-30 NI609188 uk-core:MotorCars 2023-09-30 NI609188 uk-core:PlantMachinery 2023-09-30 NI609188 uk-core:MotorCars 2024-09-30 NI609188 uk-core:FurnitureFittings 2024-09-30 NI609188 uk-core:ComputerEquipment 2024-09-30 NI609188 uk-core:PlantMachinery 2024-09-30 NI609188 uk-core:WithinOneYear 2024-09-30 NI609188 uk-core:WithinOneYear 2023-09-30 iso4217:GBP xbrli:pure NI609188 uk-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 NI609188 uk-bus:FRS102 2023-10-01 2024-09-30 NI609188 uk-bus:FilletedAccounts 2023-10-01 2024-09-30 NI609188 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30
SPH2O Ltd
Registered Number:NI609188
For the year ended 30 September 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 30 September 2024
SPH2O Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
NI609188
As at 30 September 2024
SPH2O Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
35,275
44,093
3
35,275
44,093
Current assets
Inventories
10,987
-
4
Trade and other receivables
9,220
18,826
5
215,014
Cash and cash equivalents
273,758
292,584
235,221
Trade and other payables: amounts falling due within one
year
(20,785)
(49,424)
6
214,436
243,160
Net current assets
Total assets less current liabilities
278,435
258,529
Trade and other payables: amounts falling due after more
than one year
(100,000)
(100,000)
7
(5,494)
(8,196)
Provisions for liabilities
172,941
Net assets
150,333
Capital and reserves
Called up share capital
2
2
Retained earnings
172,939
150,331
172,941
150,333
Shareholders' funds
For the year ended 30 September 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Simon McEvoy Director
These financial statements were approved and authorised for issue by the Board on 05 June 2025 and were signed by:
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4
Registered Number :
NI609188
For the year ended 30 September 2024
SPH2O Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 September 2024
SPH2O Ltd
Notes to the Financial Statements
Statutory Information
SPH2O Ltd is a private limited company, limited by shares, domiciled in Northern Ireland, registration number
NI609188.
Registered address:
48 Knoxs Hill
Armagh
BT60 2HP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:Plant & Machinery 20% Reducing Balance BasisComputer Equipment 20% Reducing Balance Basis
Plant and Machinery
20% Reducing balance
20% Reducing balance
Computer Equipment
20 Reducing balance
Motor Vehicles
20% Reducing balance
Furniture and Fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 30 September 2024
SPH2O Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 October 2023
10,000
At 30 September 2024
10,000
Amortisation
At 01 October 2023
10,000
At 30 September 2024
10,000
Net book value
At 30 September 2024
-
At 30 September 2023
-
3. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
£
£
£
£
£
Cost or
valuation
At 01 October 2023
89,977
7,124
159
43,219
39,475
At 30 September 2024
43,219
159
7,124
89,977
39,475
Provision for depreciation and impairment
At 01 October 2023
45,884
4,514
93
8,644
32,633
Charge for year
8,818
522
13
6,915
1,368
At 30 September 2024
54,702
5,036
106
15,559
34,001
At 30 September 2024
Net book value
5,474
27,660
53
2,088
35,275
At 30 September 2023
6,842
34,575
66
2,610
44,093
4. Inventories
2023
2024
£
£
Stocks
-
10,987
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7
For the year ended 30 September 2024
SPH2O Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
18,826
4,085
Other debtors
-
5,135
9,220
18,826
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
386
11
Taxation and social security
17,718
5,411
Other creditors
31,320
15,363
49,424
20,785
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
100,000
100,000
8. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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