REGISTERED NUMBER: 06956230 (England and Wales)

H2O BATHROOM SOLUTIONS LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R M Hardy

M T Price

REGISTERED OFFICE:

685 Chesterfield Road

Sheffield

South Yorkshire

S8 0SL

REGISTERED NUMBER:

06956230 (England and Wales)

ACCOUNTANTS:

Duncan Chartered Accountants

5 Cherrytree

Union Road

Sheffield

South Yorkshire

S11 9EF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

41,076

39,779

41,076

39,779

CURRENT ASSETS

Stocks

237,586

199,656

Debtors

6

178,705

130,121

Cash at bank and in hand

415,645

315,038

831,936

644,815

CREDITORS

Amounts falling due within one year

7

493,186

355,597

NET CURRENT ASSETS

338,750

289,218

TOTAL ASSETS LESS CURRENT LIABILITIES

379,826

328,997

PROVISIONS FOR LIABILITIES

8,791

8,416

NET ASSETS

371,035

320,581

CAPITAL AND RESERVES

Called up share capital

9

1,130

1,110

Retained earnings

10

369,905

319,471

SHAREHOLDERS' FUNDS

371,035

320,581

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

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

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 11 December 2025 and were signed on its behalf by:

R M Hardy - Director

M T Price - Director

1.	STATUTORY INFORMATION

H2O Bathroom Solutions Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Hire purchase and leasing commitments

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 11 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2024

and 31 July 2025

164,000

AMORTISATION

At 1 August 2024

and 31 July 2025

164,000

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 August 2024

13,305

67,856

73,706

17,731

172,598

Additions

-

-

17,019

174

17,193

Disposals

-

-

(37,288

)

-

(37,288

)

At 31 July 2025

13,305

67,856

53,437

17,905

152,503

DEPRECIATION

At 1 August 2024

13,305

53,044

51,649

14,821

132,819

Charge for year

-

3,705

8,180

1,913

13,798

Eliminated on disposal

-

-

(35,190

)

-

(35,190

)

At 31 July 2025

13,305

56,749

24,639

16,734

111,427

NET BOOK VALUE

At 31 July 2025

-

11,107

28,798

1,171

41,076

At 31 July 2024

-

14,812

22,057

2,910

39,779

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

61,750

26,736

Other debtors

116,955

103,385

178,705

130,121

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade creditors

185,446

144,367

Payments on account

126,567

88,571

Tax

87,906

31,694

Social security and other taxes

3,564

4,468

VAT

52,702

57,188

Other creditors

1,993

1,993

Directors' current accounts

24,919

21,201

Accrued expenses

10,089

6,115

493,186

355,597

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.7.25

31.7.24

£

£

Within one year

1,170

14,840

Between one and five years

-

1,170

1,170

16,010

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.25

31.7.24

value:

£

£

1,000

Ordinary

£1

1,000

1,000

130

'A' Ordinary

£1

130

110

1,130

1,110

The following shares were issued during the year for cash at par :

20 'A' Ordinary shares of £1

10.

RESERVES

Retained

earnings

£

At 1 August 2024

319,471

Profit for the year

264,165

Dividends

(213,731

)

At 31 July 2025

369,905

11.	RELATED PARTY DISCLOSURES

H2O Property Solutions Limited

The company has taken a lease on a property owned by H2O Property Solutions Limited, a company registered in England which is controlled by the directors. A market rent has been agreed on normal commercial terms.

Included in other debtors is an amount of £112,355 owed to the company by H2O Property Solutions Ltd.

The company has given a guarantee of £450,000 supported by a debenture in respect of bank liabilities owed by H2O Property Solutions Ltd.

12.	ULTIMATE CONTROLLING PARTY

With each director having an equal shareholding, neither has control.