REGISTERED NUMBER: 10626012 (England and Wales)

Unaudited Financial Statements For The Year Ended 30 June 2024

for

In Water Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

69,226

145,572

Tangible assets

5

8,877

17,562

Investments

6

1,000

1,000

79,103

164,134

CURRENT ASSETS

Stocks

21,158

29,101

Debtors

7

310,917

273,036

Cash at bank and in hand

27,809

21,853

359,884

323,990

CREDITORS

Amounts falling due within one year

8

389,345

584,078

NET CURRENT LIABILITIES

(29,461

)

(260,088

)

TOTAL ASSETS LESS CURRENT LIABILITIES

49,642

(95,954

)

CREDITORS

Amounts falling due after more than one year

9

39,169

63,510

NET ASSETS/(LIABILITIES)

10,473

(159,464

)

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

10,470

(159,467

)

SHAREHOLDERS' FUNDS

10,473

(159,464

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

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

The financial statements were approved by the director and authorised for issue on 19 June 2025 and were signed by:

A S Radkevitch - Director

1.	STATUTORY INFORMATION

In Water Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10626012

Registered office:

70a Silverthorne Road

London

SW8 3HE

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.

The company's financial statements have been prepared on a going concern basis on the assumption of continued financial support from the company's directors and bank.

Preparation of consolidated financial statements

The financial statements contain information about In Water Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of eight years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

15% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2023

and 30 June 2024

610,772

AMORTISATION

At 1 July 2023

465,200

Amortisation for year

76,346

At 30 June 2024

541,546

NET BOOK VALUE

At 30 June 2024

69,226

At 30 June 2023

145,572

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 July 2023

37,523

6,735

49,264

Additions

-

-

-

Disposals

-

(4,164

)

-

At 30 June 2024

37,523

2,571

49,264

DEPRECIATION

At 1 July 2023

32,248

6,730

48,136

Charge for year

4,243

-

475

Eliminated on disposal

-

(4,161

)

-

At 30 June 2024

36,491

2,569

48,611

NET BOOK VALUE

At 30 June 2024

1,032

2

653

At 30 June 2023

5,275

5

1,128

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 July 2023

34,845

11,264

139,631

Additions

6,990

833

7,823

Disposals

(17,500

)

-

(21,664

)

At 30 June 2024

24,335

12,097

125,790

DEPRECIATION

At 1 July 2023

26,098

8,857

122,069

Charge for year

1,748

1,293

7,759

Eliminated on disposal

(8,754

)

-

(12,915

)

At 30 June 2024

19,092

10,150

116,913

NET BOOK VALUE

At 30 June 2024

5,243

1,947

8,877

At 30 June 2023

8,747

2,407

17,562

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 July 2023

and 30 June 2024

17,345

DEPRECIATION

At 1 July 2023

and 30 June 2024

17,344

NET BOOK VALUE

At 30 June 2024

1

At 30 June 2023

1

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 July 2023

and 30 June 2024

1,000

NET BOOK VALUE

At 30 June 2024

1,000

At 30 June 2023

1,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.24

30.6.23

£

£

Trade debtors

212,752

216,777

Amounts owed by group undertakings

55,991

15,650

Other debtors

42,174

40,609

310,917

273,036

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.24

30.6.23

£

£

Bank loans and overdrafts

30,000

30,000

Hire purchase contracts

1,842

1,667

Trade creditors

159,989

98,070

Taxation and social security

128,304

185,875

Other creditors

69,210

268,466

389,345

584,078

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.24

30.6.23

£

£

Bank loans

37,500

60,000

Hire purchase contracts

1,669

3,510

39,169

63,510

10.	RELATED PARTY DISCLOSURES

The directors of In Water Limited are also the directors of Neeva Jay Limited which company is a wholly owned subsidiary undertaking of In Water Limited. Included in debtors is an amount due from Neeva Jay Limited of £55,991 (2023 - £15,650).