Bywater Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Bywater Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03749948 . The registered office is Unit 7 Telford Way, Stephenson Industrial Estate, Coalville, Leicestershire, LE67 3HE.

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

Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold
Leasehold	10% on cost
Motor Vehicles	25% on cost
Fixtures & Fittings	33% on cost
Computer Equipment	20% on cost

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Bywater Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 24 (2024: 22)

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost or Valuation
As at 1 May 2024	330,000	12,565	142,599	42,937
Additions	-	-	-	-
Disposals	-	-	(3,000 )	-
Revaluation	(50,000 )	-	-	-

As at 30 April 2025	280,000	12,565	139,599	42,937

Depreciation
As at 1 May 2024	-	4,354	29,175	40,544
Provided during the period	-	1,256	34,900	1,652
Disposals	-	-	(3,000 )	-

As at 30 April 2025	-	5,610	61,075	42,196

Net Book Value
As at 30 April 2025	280,000	6,955	78,524	741

As at 1 May 2024	330,000	8,211	113,424	2,393

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Bywater Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025


	Computer Equipment	Total
	£	£
Cost or Valuation
As at 1 May 2024	7,365	535,466
Additions	3,674	3,674
Disposals	(2,249 )	(5,249 )
Revaluation	-	(50,000 )

As at 30 April 2025	8,790	483,891

Depreciation
As at 1 May 2024	1,034	75,107
Provided during the period	1,514	39,322
Disposals	(412 )	(3,412 )

As at 30 April 2025	2,136	111,017

Net Book Value
As at 30 April 2025	6,654	372,874

As at 1 May 2024	6,331	460,359

Cost or valuation as at 30 April 2025 represented by:

	Land & Property
	Freehold	Leasehold	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
At cost	171,649	12,565	139,599	42,937
At valuation	108,351	-	-	-

	280,000	12,565	139,599	42,937


	Computer Equipment	Total
	£	£
At cost	8,790	375,540
At valuation	-	108,351

	8,790	483,891

SME Lending Limited hold a fixed charge containing a negative pledge over the freehold property.

Freehold land and buildings were valued on an open market basis.

5. Stocks

	2025	2024 as restated
	£	£
Stock	255,760	269,360
Work in progress	72,185	19,438

	327,945	288,798

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Bywater Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

6. Debtors

	2025	2024 as restated
	£	£
Due within one year
Trade debtors	591,571	738,692
Other debtors	80,719	8,527

	672,290	747,219
Due after more than one year
Amounts owed by group undertakings	2,428,431	2,428,431

	3,100,721	3,175,650

7. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	16,610	16,610
Trade creditors	387,155	338,347
Other loans	480,225	637,219
Other creditors	328,930	181,776
Taxation and social security	267,835	218,802

	1,480,755	1,392,754

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	87,391	104,001
Other loans	672,556	1,152,781

	759,947	1,256,782

9. Secured Creditors

SME Lending Limited hold a floating charge containing a negative pledge over all property or undertaking of the business.

Natwest Westminster Bank Plc holds a debenture over all assets of the company with no limited security.

Simon Bywater and Nicholas Bywater hold a fixed and floating charge containing a negative pledge over all the property or undertaking of the company.

Of the creditors the following amounts are secured:

	2025	2024 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	104,001	120,611
Bank loans and overdrafts	1,152,781	1,790,000

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Bywater Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024 as restated
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	16,610	16,610
Later than one year and not later than five years	87,391	104,001

	104,001	120,611

	104,001	120,611

11. Share Capital

	2025	2024 as restated
	£	£
Allotted, Called up and fully paid	2	2

12. Reserves

	Fair Value Reserve
	£
As at 1 May 2024	99,341
Movements in fair value reserve	(40,990)

As at 30 April 2025	58,351

13. Related Party Transactions

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.

The controlling party is K Alibai.

14. Leasing Agreements

Non-cancelable operating leases
	2025	2024
	£	£
Within one year	47,592	67,270
Between one and five years	37,579	56,662

	85,171	123,932

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		2025		2024 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		372,874		460,359

			372,874		460,359
CURRENT ASSETS
Stocks	5	327,945		288,798
Debtors	6	3,100,721		3,175,650
Cash at bank and in hand		860,941		895,505

		4,289,607		4,359,953
Creditors: Amounts Falling Due Within One Year	7	(1,480,755 )		(1,392,754 )

NET CURRENT ASSETS (LIABILITIES)			2,808,852		2,967,199

TOTAL ASSETS LESS CURRENT LIABILITIES			3,181,726		3,427,558

Creditors: Amounts Falling Due After More Than One Year	8		(759,947 )		(1,256,782 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(15,903 )		(32,496 )

NET ASSETS			2,405,876		2,138,280

CAPITAL AND RESERVES
Called up share capital	11		2		2
Fair value reserve	12		58,351		99,341
Profit and Loss Account			2,347,523		2,038,937

SHAREHOLDERS' FUNDS			2,405,876		2,138,280