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REGISTERED NUMBER: 07678828 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Freshwater Associates Limited
T/A
Freshwaters

Freshwater Associates Limited (Registered number: 07678828)
T/A Freshwaters






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Freshwater Associates Limited
T/A Freshwaters

Company Information
for the Year Ended 30 September 2024







DIRECTORS: P G Freshwater
S Freshwater
P Freshwater





SECRETARY:





REGISTERED OFFICE: 1 Gemini Court
42a Throwley Way
Sutton
Surrey
SM1 4AF





REGISTERED NUMBER: 07678828 (England and Wales)





ACCOUNTANTS: Freshwater Associates Limited
1 Gemini Court
42a Throwley Way
Sutton
Surrey
SM1 4AF

Freshwater Associates Limited (Registered number: 07678828)
T/A Freshwaters

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 73,135 99,264
73,135 99,264

CURRENT ASSETS
Debtors 6 394,675 381,191
Cash at bank and in hand 104,765 116,283
499,440 497,474
CREDITORS
Amounts falling due within one year 7 305,916 249,733
NET CURRENT ASSETS 193,524 247,741
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,659

347,005

CREDITORS
Amounts falling due after more than one
year

8

(58,823

)

(129,904

)

PROVISIONS FOR LIABILITIES (1,931 ) (1,931 )
NET ASSETS 205,905 215,170

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 205,805 215,070
SHAREHOLDERS' FUNDS 205,905 215,170

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

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 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.

Freshwater Associates Limited (Registered number: 07678828)
T/A Freshwaters

Balance Sheet - continued
30 September 2024


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 Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:




P Freshwater - Director



S Freshwater - Director


Freshwater Associates Limited (Registered number: 07678828)
T/A Freshwaters

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Freshwater Associates 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
Revenue 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 0, is being amortised evenly over its estimated useful life of nil 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Freshwater Associates Limited (Registered number: 07678828)
T/A Freshwaters

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 71,969
AMORTISATION
At 1 October 2023
and 30 September 2024 71,969
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 7,250 133,386 224,572 365,208
Additions - - 2,872 2,872
At 30 September 2024 7,250 133,386 227,444 368,080
DEPRECIATION
At 1 October 2023 4,192 77,113 184,639 265,944
Charge for year 764 14,068 14,169 29,001
At 30 September 2024 4,956 91,181 198,808 294,945
NET BOOK VALUE
At 30 September 2024 2,294 42,205 28,636 73,135
At 30 September 2023 3,058 56,273 39,933 99,264

Freshwater Associates Limited (Registered number: 07678828)
T/A Freshwaters

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. PROPERTY, PLANT AND EQUIPMENT - continued

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

Motor
Vehicles
£   
COST
At 1 October 2023
and 30 September 2024 133,386
DEPRECIATION
At 1 October 2023 77,113
Charge for year 14,068
At 30 September 2024 91,181
NET BOOK VALUE
At 30 September 2024 42,205
At 30 September 2023 56,273

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 307,702 280,277
Amounts recoverable on contract 72,000 84,400
Other debtors 14,973 16,514
394,675 381,191

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 78,721 32,041
Taxation and social security 162,764 152,701
Other creditors 64,431 64,991
305,916 249,733

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 58,823 129,904

Freshwater Associates Limited
T/A Freshwaters

Report of the Accountants to the Directors of
Freshwater Associates Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2024 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Freshwater Associates Limited
1 Gemini Court
42a Throwley Way
Sutton
Surrey
SM1 4AF


26 June 2025