REGISTERED NUMBER: 11706601 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

H2OIQ Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Butler

A J Rice

SECRETARY:

Mrs K T Butler

REGISTERED OFFICE:

Unit 26 and 26A Parker Industrial Estate

Mansfield Road

Derbyshire

DE21 4SZ

REGISTERED NUMBER:

11706601 (England and Wales)

ACCOUNTANTS:

dhjh Tenbury Wells LLP

Chartered Certified Accountants

81 Teme Street

Tenbury Wells

WR15 8AE

FIXED ASSETS

Intangible assets

4

93,302

28,263

Property, plant and equipment

5

149,945

192,356

243,247

220,619

CURRENT ASSETS

Inventories

250,256

232,764

Debtors

6

901,007

484,575

Cash at bank and in hand

27,589

9,496

1,178,852

726,835

CREDITORS

Amounts falling due within one year

7

852,522

412,869

NET CURRENT ASSETS

326,330

313,966

TOTAL ASSETS LESS CURRENT LIABILITIES

569,577

534,585

CREDITORS

Amounts falling due after more than one year

8

(408,357

)

(316,402

)

PROVISIONS FOR LIABILITIES

(31,470

)

(33,649

)

NET ASSETS

129,750

184,534

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9

129,650

184,434

129,750

184,534

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 2 June 2026 and were signed on its behalf by:

R J Butler - Director

A J Rice - Director

1.	STATUTORY INFORMATION

H2OIQ Limited 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.

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

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Software are being amortised evenly over their 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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Inventories 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 32 (2024 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

Software

Totals

£

£

£

COST

At 1 December 2024

2,000

35,535

37,535

Additions

-

76,436

76,436

At 30 November 2025

2,000

111,971

113,971

AMORTISATION

At 1 December 2024

1,200

8,072

9,272

Amortisation for year

200

11,197

11,397

At 30 November 2025

1,400

19,269

20,669

NET BOOK VALUE

At 30 November 2025

600

92,702

93,302

At 30 November 2024

800

27,463

28,263

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 December 2024

16,786

271,128

13,829

301,743

Additions

1,713

5,200

6,835

13,748

Disposals

-

(4,400

)

-

(4,400

)

At 30 November 2025

18,499

271,928

20,664

311,091

DEPRECIATION

At 1 December 2024

5,888

96,322

7,177

109,387

Charge for year

3,153

44,382

6,149

53,684

Eliminated on disposal

-

(1,925

)

-

(1,925

)

At 30 November 2025

9,041

138,779

13,326

161,146

NET BOOK VALUE

At 30 November 2025

9,458

133,149

7,338

149,945

At 30 November 2024

10,898

174,806

6,652

192,356

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

849,256

445,452

Other debtors

12,607

4,157

Directors' current accounts

-

4,885

Prepayments

39,144

30,081

901,007

484,575

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5

5

Other loans

61,861

-

Hire purchase contracts

34,156

38,226

Trade creditors

150,112

180,788

Tax

20,980

6,706

Social security and other taxes

71,486

13,802

VAT

149,969

30,688

Other creditors

353,846

137,545

Pension account

3,105

1,959

Directors' current accounts

2,840

-

Accrued expenses

4,162

3,150

852,522

412,869

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Included in creditors due after more than one year is £181,340 of Director's loan account. This will not be repaid until such time as is financially viable.

9.

RESERVES

Retained

earnings

£

At 1 December 2024

184,434

Profit for the year

35,216

Dividends

(90,000

)

At 30 November 2025

129,650