Adept Pure Water Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04946115

ADEPT PURE WATER LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

ADEPT PURE WATER LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	6		71,177		69,767

CURRENT ASSETS

Stocks		114,866	184,729
Debtors	7	557,577	146,916
Cash at bank and in hand		34,835	176,318
		---------	---------
		707,278	507,963

CREDITORS: amounts falling due within one year	8	501,837		471,536
		---------		---------
NET CURRENT ASSETS			205,441		36,427
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			276,618		106,194

CREDITORS: amounts falling due after more than one year	9	254,725	342,889
		---------	---------
NET ASSETS/(LIABILITIES)		21,893	( 236,695)
		---------	---------

CAPITAL AND RESERVES

Called up share capital fully paid.	2	2
Profit and loss account	21,891	( 236,697)
	--------	---------
SHAREHOLDERS FUNDS/(DEFICIT)	21,893	( 236,695)
	--------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

ADEPT PURE WATER LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 2 December 2025 , and are signed on behalf of the board by:

Mrs R F Frosi

Director

Company registration number: 04946115

ADEPT PURE WATER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 36 Huxley Close, Wellingborough, Northamptonshire, NN8 6AB.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Going concern

The company currently meets its daily working capital requirements through operating revenues, and financial support from the Directors and Creditors. On this basis, the director considers it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold improvements	-	20% straight line
Fixtures and fittings	-	20% reducing balance
Motor vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 17 (2024: 14 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	10,000
	--------
Amortisation
At 1 April 2024 and 31 March 2025	10,000
	--------
Carrying amount
At 31 March 2025	–
	--------
At 31 March 2024	–
	--------

6. TANGIBLE ASSETS

	Freehold property	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	76,918	122,536	67,898	267,352
Additions	–	1,022	22,785	23,807
	--------	---------	--------	---------
At 31 March 2025	76,918	123,558	90,683	291,159
	--------	---------	--------	---------
Depreciation
At 1 April 2024	76,918	103,693	16,974	197,585
Charge for the year	–	3,970	18,427	22,397
	--------	---------	--------	---------
At 31 March 2025	76,918	107,663	35,401	219,982
	--------	---------	--------	---------
Carrying amount
At 31 March 2025	–	15,895	55,282	71,177
	--------	---------	--------	---------
At 31 March 2024	–	18,843	50,924	69,767
	--------	---------	--------	---------

7. DEBTORS

	2025	2024
	£	£
Trade debtors	547,537	135,948
Other debtors	10,040	10,968
	---------	---------
	557,577	146,916
	---------	---------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	18,336	14,125
Trade creditors	178,666	214,705
Social security and other taxes	144,190	83,485
Other creditors	160,645	159,221
	---------	---------
	501,837	471,536
	---------	---------

Included within other creditors are amounts totalling £11,920(2024 - £8,021) relating to hire purchase agreements which are secured by the company.

9. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	254,725	342,889
	---------	---------

Included within other creditors are amounts totalling £14,300. (2024 - £5,653) relating to hire purchase agreements which are secured by the company.

10. RELATED PARTY TRANSACTIONS

During the year the company undertook the following transactions with related parties: The directors have advanced,long term, monies to the company. At 31 March 2025 the amount due from the company was £ 190,898 (2024 - £ 232,260 ). The loan is interest free and unsecured.