UK Water Co (North West) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12089352 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2023

for

UK Water Co (North West) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss M M Francis

REGISTERED OFFICE:

FFT

Reedham House

31 King Street West

Manchester

Greater Manchester

M3 2PJ

BUSINESS ADDRESS:

The Exchange

2 Malt Street

Knutsford

Cheshire

WA16 6ES

REGISTERED NUMBER:

12089352 (England and Wales)

ACCOUNTANTS:

Freedman Frankl & Taylor

Chartered Accountants

Reedham House

31 King Street West

Manchester

M3 2PJ

FIXED ASSETS

Tangible assets

4

19,219

25,625

CURRENT ASSETS

Debtors

5

2,963,189

284,856

Cash at bank and in hand

277,575

221,395

3,240,764

506,251

CREDITORS

Amounts falling due within one year

6

2,920,780

318,122

NET CURRENT ASSETS

319,984

188,129

TOTAL ASSETS LESS CURRENT
LIABILITIES

339,203

213,754

CREDITORS

Amounts falling due after more than one
year

7

35,021

49,943

NET ASSETS

304,182

163,811

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

304,082

163,711

304,182

163,811

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 June 2025 and were signed by:

Miss M M Francis - Director

1.	STATUTORY INFORMATION

UK Water Co (North West) 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.

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

Tangible fixed assets

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

Motor vehicles - 25% on reducing balance

Tangible fixed assets are recorded at cost less accumulated depreciation.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Rental under operating leases are charged to the profit and loss account as they are incurred.

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.

Going concern

The company's financial statements for the year ended 31 December 2023 have been prepared on a going concern basis as, after making appropriate enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 January 2023

and 31 December 2023

30,000

DEPRECIATION

At 1 January 2023

4,375

Charge for year

6,406

At 31 December 2023

10,781

NET BOOK VALUE

At 31 December 2023

19,219

At 31 December 2022

25,625

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

Motor

vehicles

£

COST

At 1 January 2023

and 31 December 2023

30,000

DEPRECIATION

At 1 January 2023

4,375

Charge for year

6,406

At 31 December 2023

10,781

NET BOOK VALUE

At 31 December 2023

19,219

At 31 December 2022

25,625

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

Trade debtors

22,917

-

Other debtors

2,940,272

284,856

2,963,189

284,856

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

Bank loans and overdrafts

9,500

Hire purchase contracts

5,200

Trade creditors

183,596

101,929

Taxation and social security

69,741

43,638

Other creditors

2,652,743

157,855

2,920,780

318,122

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2023

2022

£

Bank loans

22,021

31,743

Hire purchase contracts

13,000

18,200

35,021

49,943

8.	SECURED DEBTS

The following secured debts are included within creditors:

2023

2022

£

Hire purchase contracts

18,200

-

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2023 and the period ended 31 December 2022:

2023

2022

£

B Francis

Balance outstanding at start of year

-

Amounts advanced

7,713

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

7,713

-

10.	RELATED PARTY DISCLOSURES

Entities over which the entity has control, joint control or significant influence:

2023

2022

£

Amounts due from related party

2,932,558

260,663

Amounts due to related party

0

1,385

There are no repayment terms and no interest is chargeable by the company in respect of these balances.