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Registered number: 09861737 NORTH EAST WATER SOFTENERS LIMITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
NORTH EAST WATER SOFTENERS LIMITED COMPANY INFORMATION
Directors | S J Boyd
| A D Jones
| J Knight
Registered number | 09861737
Registered office | Fourth Floor Abbots House
| Abbey Street
| Reading
| Berkshire
| RG1 3BD
Trading Address | The Innovation Centre
| Queens Meadow Business Park
| Hartlepool
| TS25 5TG
Independent auditors | BW Audit Ltd
| Chartered Accountants & Statutory Auditors
| Berry & Warren
| 54 Thorpe Road
| Norwich
| NR1 1RY
NORTH EAST WATER SOFTENERS LIMITED CONTENTS
| Page
Balance Sheet | 1 - 2
Notes to the Financial Statements | 3 - 11
NORTH EAST WATER SOFTENERS LIMITED REGISTERED NUMBER: 09861737 BALANCE SHEET AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 3,315 |  | 4,335
Tangible assets | 5 |  | 1,104 |  | 7,397
|  |  | 4,419 |  | 11,732
Current assets |  |  |  |  |
Stocks |  | 97,103 |  | 144,606 |
Debtors: amounts falling due within one year | 6 | 1,083,194 |  | 85,829 |
Cash at bank and in hand | 7 | 37,065 |  | 223,265 |
|  | 1,217,362 |  | 453,700 |
Creditors: amounts falling due within one year | 8 | (990,856) |  | (306,434) |
Net current assets |  |  | 226,506 |  | 147,266
Total assets less current liabilities |  |  | 230,925 |  | 158,998
Provisions for liabilities |  |  |  |  |
Deferred tax | 9 | (276) |  | (1,849) |
|  |  | (276) |  | (1,849)
Net assets |  |  | 230,649 |  | 157,149
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | 230,549 |  | 157,049
|  |  | 230,649 |  | 157,149
Page 1
NORTH EAST WATER SOFTENERS LIMITED REGISTERED NUMBER: 09861737 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
J Knight
Director
Date: 14 April 2026
The notes on pages 3 to 11 form part of these financial statements. Page 2
NORTH EAST WATER SOFTENERS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
North East Water Softeners Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office and trading address can be found on the Company Information page. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Going concern
At the time of signing the financial statements, the Directors have considered the continued economic uncertainty and its impact on the company. They have prepared forecasts and considered the financial strength of the company and the wider group. Based on this, the Directors have concluded that they have a reasonable expectation that the company will continue for the foreseeable future, and at least twelve months from the date of signing these accounts. They therefore believe it is appropriate to prepare the financial statements on a going concern basis.
| 2.3 | Foreign currency translation
Functional and presentation currency The company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Page 3
NORTH EAST WATER SOFTENERS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.4 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the company has transferred the significant risks and rewards of ownership to the buyer; ∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually at the point that the customer has accepted delivery of the goods.
| 2.5 | Operating leases: the company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 2.6 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.7 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.8 | Pensions
Defined contribution pension plan The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds. Page 4
NORTH EAST WATER SOFTENERS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.9 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.10 | Intangible assets
Goodwill Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life. Other intangible assets Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. The estimated useful lives range as follows:
|  |  |  | Goodwill | - | 10 | years
Page 5
NORTH EAST WATER SOFTENERS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.11 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. Depreciation is provided on the following basis:
|  |  |  | Plant and machinery | - | 20% | straight line
|  |  |  | Motor vehicles | - | 25% | reducing balance
|  |  |  | Fixtures and fittings | - | 25% | reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.12 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.13 | Debtors
Short-term debtors are measured at transaction price, less any impairment.
| 2.14 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.15 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 6
NORTH EAST WATER SOFTENERS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.16 | Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and amounts due to related parties. These are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
| 2.17 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including directors, during the year was 6 (2023 - 8).
4. | Intangible assets
|  | Goodwill
|  | £
| Cost |
| At 1 January 2024 | 10,200
| At 31 December 2024 | 10,200
| Amortisation |
| At 1 January 2024 | 5,865
| Charge for the year on owned assets | 1,020
| At 31 December 2024 | 6,885
| Net book value |
| At 31 December 2024 | 3,315
| At 31 December 2023 | 4,335
Page 7
NORTH EAST WATER SOFTENERS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
5. | Tangible fixed assets
|  | Plant and machinery | Motor vehicles | Fixtures and fittings | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 January 2024 | 9,223 | 16,775 | 12,605 | 38,603
| Additions | - | - | 1,551 | 1,551
| Disposals | - | (885) | - | (885)
| At 31 December 2024 | 9,223 | 15,890 | 14,156 | 39,269
| Depreciation |  |  |  |
| At 1 January 2024 | 9,223 | 11,467 | 10,516 | 31,206
| Charge for the year on owned assets | - | 4,423 | 2,536 | 6,959
| At 31 December 2024 | 9,223 | 15,890 | 13,052 | 38,165
| Net book value |  |  |  |
| At 31 December 2024 | - | - | 1,104 | 1,104
| At 31 December 2023 | - | 5,308 | 2,089 | 7,397
6. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade debtors | 48,384 | 85,829
| Amounts owed by group undertakings | 1,009,684 | -
| Other debtors | 3,076 | -
| Prepayments and accrued income | 22,050 | -
|  | 1,083,194 | 85,829
Page 8
NORTH EAST WATER SOFTENERS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
7. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 37,065 | 223,265
|  | 37,065 | 223,265
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade creditors | 5,988 | 83,725
| Amounts owed to group undertakings | 812,219 | 102,050
| Corporation tax | 47,777 | 71,472
| Other taxation and social security | 49,345 | 36,862
| Other creditors | 24,000 | -
| Accruals and deferred income | 51,527 | 12,325
|  | 990,856 | 306,434
Page 9
NORTH EAST WATER SOFTENERS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
9. | Deferred taxation
|  | 2024
|  | £
| At beginning of year | 1,849
| Credited to profit or loss | (1,573)
| At end of year | 276
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Accelerated capital allowances | 276 | 1,849
|  | 276 | 1,849
10. | Commitments under operating leases
| At 31 December 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Not later than 1 year | 9,900 | 9,900
| Later than 1 year and not later than 5 years | 11,555 | 21,455
|  | 21,455 | 31,355
11. | 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.
Page 10
NORTH EAST WATER SOFTENERS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
12. | Controlling party
The immediate parent company is Harvey Water Softeners Limited. The ultimate parent company and controlling party is BDT & MSD Partners. The parent undertaking of the largest and smallest group to consolidate these financial statements is Osmosis Holdings, LP, a company incorporated in the United States. Copies of the Osmosis Holdings, LP accounts can be obtained from Culligan International Company, 9399 W.Higgins Rd, Suite 1100 Rosemont, IL60018, USA.
13. | Auditors' information
The auditors' report on the financial statements for the year ended 31 December 2024 was qualified. The qualification in the audit report was as follows: Basis for qualified opinion A disclaimer of opinion was issued for the year to 31 December 2023 surrounding the existence and completeness of stock, on the basis that we were not appointed as auditors until August 2023 and therefore could not perform an opening stock take. Material adjustments were also posted in respect of the acquisition of the company for which we were not able to obtain sufficient supporting documentation which impacted on the Statement of Income and Retained Earnings. As a result of these matters, we were not able to obtain sufficient audit evidence regarding the opening balance position or have assurance as to the completeness of debtors and creditors at the 31 December 2023. It is therefore not possible to quantify the impact of this on revenue and cost of sales within the Statement of Income and Retained Earnings for the year to 31 December 2024. Sufficient evidence has been obtained over the Balance Sheet for 31 December 2024. We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion. The audit report was signed on 14 April 2026 by Joanne Fox BA FCA (Senior Statutory Auditor) on behalf of BW Audit Ltd.
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