Advance H2O Solutions Ltd

Contents

Statement of financial position	1
Notes to the Unaudited Financial Statements	2 to 6

Advance H2O Solutions Ltd

(Registration number: 8353803)
Statement of financial position as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	3,095	4,129
Current assets
Debtors	5	36,464	45,877
Creditors: Amounts falling due within one year	6	(34,284)	(24,201)
Net current assets		2,180	21,676
Total assets less current liabilities		5,275	25,805
Creditors: Amounts falling due after more than one year	6	(4,167)	(14,167)
Provisions for liabilities		(588)	(785)
Net assets		520	10,853
Capital and reserves
Called up share capital	7	100	100
Retained earnings		420	10,753
Shareholders' funds		520	10,853

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 30 October 2025
 

......................................... Mr M Chitty Director

Advance H2O Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

These financial statements were authorised for issue by the director on 30 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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.

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Advance H2O Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Tangible assets

Tangible assets are stated in the statement of financial position 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
Office Equipment	25% Reducing balance
Plant & Machinery	25% Reducing balance

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 income statement 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Advance H2O Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 February 2024	18,615	18,615
At 31 January 2025	18,615	18,615
Depreciation
At 1 February 2024	14,486	14,486
Charge for the year	1,034	1,034
At 31 January 2025	15,520	15,520
Carrying amount
At 31 January 2025	3,095	3,095
At 31 January 2024	4,129	4,129

5

Debtors

Current	2025 £	2024 £
Trade debtors	1,125	1,125
Other debtors	35,339	44,752
	36,464	45,877

Advance H2O Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		18,326	13,629
Trade creditors		8,400	2,905
Taxation and social security		5,258	5,567
Accruals and deferred income		2,300	2,100
		34,284	24,201

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		4,167	14,167

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100

Advance H2O Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

8	Related party transactions

Transactions with the director

2025	At 1 February 2024 £	Advances to director £	Repayments by director £	At 31 January 2025 £
Mr M Chitty
Director's loan at 2.25% per annum	36,003	10,121	(19,500)	26,624

2024	At 1 February 2023 £	Advances to director £	Repayments by director £	At 31 January 2024 £
Mr M Chitty
Director's loan at 2.25% per annum	56,606	19,397	(40,000)	36,003