BrightAccountsProduction v1.0.0 v1.0.0 2024-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity is that of the development of water leak identification technology 17 September 2025 0 0 13088001 2024-12-31 13088001 2023-12-31 13088001 2022-12-31 13088001 2024-01-01 2024-12-31 13088001 2023-01-01 2023-12-31 13088001 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13088001 uk-curr:PoundSterling 2024-01-01 2024-12-31 13088001 uk-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13088001 uk-bus:FullAccounts 2024-01-01 2024-12-31 13088001 uk-core:ShareCapital 2024-12-31 13088001 uk-core:ShareCapital 2023-12-31 13088001 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 13088001 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 13088001 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-12-31 13088001 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 13088001 uk-bus:FRS102 2024-01-01 2024-12-31 13088001 uk-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-01-01 2024-12-31 13088001 uk-core:PlantMachinery 2024-01-01 2024-12-31 13088001 uk-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 13088001 uk-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-12-31 13088001 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 13088001 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 13088001 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 13088001 uk-core:WithinOneYear 2024-12-31 13088001 uk-core:WithinOneYear 2023-12-31 13088001 2024-01-01 2024-12-31 13088001 uk-bus:Director1 2024-01-01 2024-12-31 13088001 uk-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 xbrli:pure iso4217:GBP xbrli:shares

Company Registration Number: 13088001

Seal Water Technology Ltd

Unaudited Financial Statements

for the financial year ended 31 December 2024

Seal Water Technology Ltd

Company Registration Number: 13088001

BALANCE SHEET

as at 31 December 2024

|  |  | 2024 |  | 2023
|  | Notes | £ |  | £
Fixed Assets

Intangible assets |  | 5 | 55,182 |  | 62,294
Tangible assets |  | 6 | 14,579 |  | 19,618
|  |  | ───────── |  | ─────────
Fixed Assets |  |  | 69,761 |  | 81,912
|  |  | ───────── |  | ─────────
Current Assets

Debtors |  | 7 | 774 |  | 766
Cash at bank and in hand |  |  | 3,944 |  | 6,055
|  |  | ───────── |  | ─────────
|  |  | 4,718 |  | 6,821
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  | 8 | (89,685) |  | (83,616)
|  |  | ───────── |  | ─────────
Net Current Liabilities |  |  | (84,967) |  | (76,795)
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | (15,206) |  | 5,117
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 400 |  | 400
Retained earnings |  |  | (15,606) |  | 4,717
|  |  | ───────── |  | ─────────
Shareholders' (Deficit)/Funds |  |  | (15,206) |  | 5,117
|  |  | ═════════ |  | ═════════
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 17 September 2025

________________________________ |  |  |  |  |
Michael Purvis |  |  |  |  |
Director |  |  |  |  |

Seal Water Technology Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2024

1. | General Information
| Seal Water Technology Ltd is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 13088001. The registered office of the company is 11 Lambe Close, Holborough Lakes, Snodland, ME6 5PE which is also the principal place of business of the company. The principal activity is that of the development of water leak identification technology The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the financial year ended 31 December 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Turnover
| Turnover comprises the invoice value of goods and services supplied by the company, exclusive of trade discounts and value added tax.
| Patents
| Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 0 years.
| Intangible assets
| Intangible assets are valued at cost less accumulated amortisation.
| Tangible assets and depreciation
| Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
|  | Plant and machinery | - | 15% Straight line
| The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
| Trade and other debtors
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
| Trade and other creditors
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
| Taxation and deferred taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
| Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
| Research and development
| Development expenditure is written off in the same financial year unless the director are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period from which the company is expected to benefit.
| Ordinary share capital
| The ordinary share capital of the company is presented as equity.

3. | Going concern
| The financial statements are prepared on a going concern basis as the director has received confirmation that the shareholders will continue to support the company such that it may meet all liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statements.

4. | Employees
| The average monthly number of employees, including director, during the financial year was 1, (2023 - 1).

5. | Intangible assets
|  |  | Development |
|  | Patents | Costs | Total
|  | £ | £ | £
| Cost
| At 1 January 2024 | 72,790 | 19,310 | 92,100
|  | ───────── | ───────── | ─────────
| At 31 December 2024 | 72,790 | 19,310 | 92,100
|  | ───────── | ───────── | ─────────
| Amortisation
| At 1 January 2024 | 29,806 | - | 29,806
| Charge for financial year | 7,112 | - | 7,112
|  | ───────── | ───────── | ─────────
| At 31 December 2024 | 36,918 | - | 36,918
|  | ───────── | ───────── | ─────────
| Net book value
| At 31 December 2024 | 35,872 | 19,310 | 55,182
|  | ═════════ | ═════════ | ═════════
| At 31 December 2023 | 42,984 | 19,310 | 62,294
|  | ═════════ | ═════════ | ═════════

6. | Tangible assets
|  | Plant and | Total
|  | machinery |
|  | £ | £
| Cost
| At 1 January 2024 | 20,155 | 20,155
|  | ───────── | ─────────
| At 31 December 2024 | 20,155 | 20,155
|  | ───────── | ─────────
| Depreciation
| At 1 January 2024 | 537 | 537
| Charge for the financial year | 5,039 | 5,039
|  | ───────── | ─────────
| At 31 December 2024 | 5,576 | 5,576
|  | ───────── | ─────────
| Net book value
| At 31 December 2024 | 14,579 | 14,579
|  | ═════════ | ═════════
| At 31 December 2023 | 19,618 | 19,618
|  | ═════════ | ═════════

7. | Debtors | 2024 | 2023
|  | £ | £
| Prepayments and accrued income | 774 | 766
|  | ═════════ | ═════════

8. | Creditors | 2024 | 2023
| Amounts falling due within one year | £ | £
| Director's current account | 44,549 | 38,480
| Other creditors | 44,476 | 44,476
| Accruals | 660 | 660
|  | ───────── | ─────────
|  | 89,685 | 83,616
|  | ═════════ | ═════════