Registration number: 07602965

Ink & Water Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Ink & Water Ltd

(Registration number: 07602965)
Balance Sheet as at 29 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	41,063	1,692
Current assets
Debtors	6	114,145	115,079
Cash at bank and in hand		3,903	-
		118,048	115,079
Creditors: Amounts falling due within one year	7	(112,457)	(72,852)
Net current assets		5,591	42,227
Total assets less current liabilities		46,654	43,919
Creditors: Amounts falling due after more than one year	7	(28,782)	(35,259)
Net assets		17,872	8,660
Capital and reserves
Called up share capital		40	40
Retained earnings		17,832	8,620
Shareholders' funds		17,872	8,660

For the financial year ending 29 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 September 2025 and signed on its behalf by:
 

Ink & Water Ltd

(Registration number: 07602965)
Balance Sheet as at 29 March 2025

Mr R Ellerington Director

Mr S M Blois Director

Ink & Water Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 March 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unit 18
New Mesters
53 Mowbray Street
Sheffield
S3 8EN

The principal place of business is:
Unit 18
New Mesters
53 Mowbray Street
Sheffield
S3 8EN

These financial statements were authorised for issue by the Board on 23 September 2025.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Ink & Water Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 March 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures & fttings	Straight line 20%
Computer equipment	Straight line 20%
Motor vehicles	Straight line 25%

Ink & Water Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	3,635	792

Ink & Water Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 March 2025

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 30 March 2024	16,714	-	16,714
Additions	691	42,249	42,940
Disposals	(9,299)	-	(9,299)
At 29 March 2025	8,106	42,249	50,355
Depreciation
At 30 March 2024	14,956	-	14,956
Charge for the year	505	3,130	3,635
Eliminated on disposal	(9,299)	-	(9,299)
At 29 March 2025	6,162	3,130	9,292
Carrying amount
At 29 March 2025	1,944	39,119	41,063
At 29 March 2024	1,692	-	1,692

6

Debtors

Current	2025 £	2024 £
Trade debtors	32,077	29,451
Other debtors	82,068	85,628
	114,145	115,079

Ink & Water Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	41,408	19,999
Trade creditors		1,373	519
Taxation and social security		35,752	35,232
Accruals and deferred income		588	262
Other creditors		33,336	16,840
		112,457	72,852

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	28,782	35,259

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	28,782	35,259

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,000	5,000
Bank overdrafts	1,352	13,355
Other borrowings	35,056	1,644
	41,408	19,999