Registered number
07533861
Cascadia Water Ltd
Filleted Accounts
28 February 2025
Cascadia Water Ltd
Registered number: 07533861
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 204,011 181,705
Current assets
Debtors 4 321,128 355,113
Cash at bank and in hand 108,969 81,414
430,097 436,527
Creditors: amounts falling due within one year 5 (237,450) (247,555)
Net current assets 192,647 188,972
Total assets less current liabilities 396,658 370,677
Creditors: amounts falling due after more than one year 6 (87,634) (94,090)
Net assets 309,024 276,587
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 308,024 275,587
Shareholders' funds 309,024 276,587
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Tidey
Director
Approved by the board on 5 August 2025
Cascadia Water Ltd
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 20% straight line
Motor vehicles 15% straight line
Survey equipment (included in P&M) 33% straight line
Other plant and machinery 10% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 25 23
3 Tangible fixed assets
Office equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 March 2024 12,983 143,634 254,774 411,391
Additions - 22,160 79,772 101,932
Disposals - - (69,718) (69,718)
At 28 February 2025 12,983 165,794 264,828 443,605
Depreciation
At 1 March 2024 12,983 122,848 93,855 229,686
Charge for the year - 25,019 33,159 58,178
On disposals - - (48,270) (48,270)
At 28 February 2025 12,983 147,867 78,744 239,594
Net book value
At 28 February 2025 - 17,927 186,084 204,011
At 29 February 2024 - 20,786 160,919 181,705
4 Debtors 2025 2024
£ £
Trade debtors 316,116 331,339
Other debtors 5,012 23,774
321,128 355,113
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 20,268 10,644
Obligations under finance lease and hire purchase contracts 55,467 41,701
Trade creditors 87,013 111,297
Taxation and social security costs 70,042 80,251
Other creditors 4,660 3,662
237,450 247,555
6 Creditors: amounts falling due after one year 2025 2024
£ £
Long term loan 17,000 37,000
Obligations under finance lease and hire purchase contracts 60,793 47,017
Bank loans 9,841 10,073
87,634 94,090
7 Controlling party
The controlling parties are the directors J Tidey and C Horrix who each own 50% of the A ordinary shares in the company. The A ordinary shares comprise 89.8% of the total share capital of the company.
8 Other information
Cascadia Water Ltd is a private company limited by shares and incorporated in England. Its registered office is:
9 The Fairway
Northwood
Middlesex
HA6 3DZ
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