REGISTERED NUMBER: 04147619 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

T.N. Water Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N M Higginson

Mr T P Green

Mr P C Bubb

Mr K A Neal

REGISTERED OFFICE:

Shakespeare House

36 Bidavon Industrial Estate

Waterloo Rd

Bidford-on-Avon

Warwickshire

B50 4JN

REGISTERED NUMBER:

04147619 (England and Wales)

ACCOUNTANTS:

Attwoods

Chartered Certified Accountants

90-92 High Street

Evesham

Worcestershire

WR11 4EU

FIXED ASSETS

Intangible assets

4

12,000

12,000

Tangible assets

5

476,988

553,139

488,988

565,139

CURRENT ASSETS

Stocks

61,851

88,304

Debtors

6

1,040,938

1,044,451

Cash at bank

177,156

84,341

1,279,945

1,217,096

CREDITORS

Amounts falling due within one year

1,229,301

1,175,401

NET CURRENT ASSETS

50,644

41,695

TOTAL ASSETS LESS CURRENT LIABILITIES

539,632

606,834

CREDITORS

Amounts falling due after more than one year

(155,013

)

(220,205

)

PROVISIONS FOR LIABILITIES

(48,899

)

(55,155

)

NET ASSETS

335,720

331,474

CAPITAL AND RESERVES

Called up share capital

208

208

Retained earnings

335,512

331,266

SHAREHOLDERS' FUNDS

335,720

331,474

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 October 2025 and were signed on its behalf by:

Mr N M Higginson - Director

1.	STATUTORY INFORMATION

T.N. Water 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Income is deferred to reflect the period to which it covers. This is in accordance with International Accounting Standard, IAS 18.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Intangible fixed assets

Amortisation is provided at 10% on cost per annum in order to write off the assets over their estimated useful lives.

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.

Long leasehold

-

1% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2024 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

and 31 January 2025

154,980

AMORTISATION

At 1 February 2024

and 31 January 2025

142,980

NET BOOK VALUE

At 31 January 2025

12,000

At 31 January 2024

12,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

1,142,727

Additions

168,695

Disposals

(162,263

)

At 31 January 2025

1,149,159

DEPRECIATION

At 1 February 2024

589,588

Charge for year

155,262

Eliminated on disposal

(72,679

)

At 31 January 2025

672,171

NET BOOK VALUE

At 31 January 2025

476,988

At 31 January 2024

553,139

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

Totals

£

COST

At 1 February 2024

354,386

Additions

141,048

At 31 January 2025

495,434

DEPRECIATION

At 1 February 2024

35,328

Charge for year

106,260

At 31 January 2025

141,588

NET BOOK VALUE

At 31 January 2025

353,846

At 31 January 2024

319,058

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Other debtors

244,375

238,997

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank loans

60,606

106,061

Hire purchase contracts

270,120

264,462

330,726

370,523

Hire purchase liabilities are secured on the assets acquired.

Directors and shareholders of Shakespeare Holdings Ltd, the parent company, have given a personal guarantee to secure the bank liabilities of T N Water Ltd.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr N M Higginson.