Triwater Ltd


Director	Dean Marc Shelfer


Registered Address	The Workshop Park Farm
	Park Lane
	Chichester
	PO20 3TL


Registered Number	10219977 (England and Wales)

Balance Sheet as at
30 June 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		109,260		113,223
			109,260		113,223
Current assets
Stocks		39,158		24,016
Debtors		114,935		84,155
Cash at bank and on hand		241,248		41,732
		395,341		149,903
Creditors amounts falling due within one year		(240,602)		(111,937)
Net current assets (liabilities)			154,739		37,966
Total assets less current liabilities			263,999		151,189
Creditors amounts falling due after one year			(210,045)		(91,030)
Provisions for liabilities			(26,823)		(27,705)
Net assets			27,131		32,454
Capital and reserves
Called up share capital			1		1
Profit and loss account			27,130		32,453
Shareholders' funds			27,131		32,454

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 18 October 2025, and are signed on its behalf by:

Dean Marc Shelfer
Director
Registered Company No. 10219977

Triwater Ltd

Notes to the Financial Statements
for the year ended 30 June 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	4
	Office Equipment	4

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	4		4

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 July 24	187,439
	Additions	31,966
	At 30 June 25	219,405
	Depreciation and impairment
	At 01 July 24	74,217
	Charge for year	35,928
	At 30 June 25	110,145
	Net book value
	At 30 June 25	109,260
	At 30 June 24	113,223

4.	Secured creditors
	Creditors due within 12 months include net obligations under hire purchase contracts and finance leases of £20,106 (2024: £22,325).The finance lease and Hire purchase contracts are secured on the assets concerned. Creditors due after 12 months include net obligations under hire purchase contracts and finance leases of £44,225 (2024: £64,331).The finance lease and Hire purchase contracts are secured on the assets concerned.

Secured creditors

Creditors due within 12 months include net obligations under hire purchase contracts and finance leases of £20,106 (2024: £22,325).The finance lease and Hire purchase contracts  are secured on the assets concerned.

Creditors due after 12 months include net obligations under hire purchase contracts and finance leases of £44,225 (2024: £64,331).The finance lease and Hire purchase contracts  are secured on the assets concerned.

5.	Other commitments
	At the end of the year the company had financial commitments totalling £9,318 (2024: £15,596).

6.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
Dean Marc Shelfer	18,624	75,439	52,616	41,447
	18,624	75,439	52,616	41,447


	Interest was charged on the loan to the director at the HMRC rate of interest.