Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 No description of principal activity true 2024-04-01 true false false 5 2 07720067 2024-04-01 2025-03-31 07720067 2023-01-01 2024-03-31 07720067 2025-03-31 07720067 2024-03-31 07720067 c:Director2 2024-04-01 2025-03-31 07720067 d:CurrentFinancialInstruments 2025-03-31 07720067 d:CurrentFinancialInstruments 2024-03-31 07720067 d:CurrentFinancialInstruments 1 2025-03-31 07720067 d:CurrentFinancialInstruments 1 2024-03-31 07720067 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 07720067 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07720067 d:ShareCapital 2025-03-31 07720067 d:ShareCapital 2024-03-31 07720067 d:RetainedEarningsAccumulatedLosses 2025-03-31 07720067 d:RetainedEarningsAccumulatedLosses 2024-03-31 07720067 c:FRS102 2024-04-01 2025-03-31 07720067 c:Audited 2024-04-01 2025-03-31 07720067 c:FullAccounts 2024-04-01 2025-03-31 07720067 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07720067 c:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07720067 f:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 07720067 OPTIONS WATER SERVICES LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
OPTIONS WATER SERVICES LIMITED REGISTERED NUMBER: 07720067 BALANCE SHEET AS AT 31 MARCH 2025
| 2025 | 2025 | 2024 | 2024
Note | £ | £ | £ | £
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 4 | 316,103 |  | 420,875 |
Cash at bank and in hand |  | 1 |  | 270 |
|  | 316,104 |  | 421,145 |
Creditors: amounts falling due within one year | 5 | (1,566) |  | (42,072) |
Net current assets |  |  | 314,538 |  | 379,073
Net assets |  |  | 314,538 |  | 379,073
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Profit and loss account |  |  | 314,537 |  | 379,072
|  |  | 314,538 |  | 379,073
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 statement of income and retained earnings 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 on 22 July 2026.
S G Wignall
Director
The notes on pages 2 to 5 form part of these financial statements. Page 1
OPTIONS WATER SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Options Water Services Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. The address of the registered office is given in the company information page of these financial statements. The principal activity of the Company is that of civil engineering contractor services in the UK utilities market. 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of 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
The Group, of which the Company is a member, relies on an invoice financing arrangement. The directors have no reason to believe that the facilities will not be available for at least the next twelve months. The directors are confident that they could source alternative finance should this be necessary. Provision has been made for all known claims against the Group, in accordance with the policies set out in the notes to the financial statements (note 7). The Group continues to monitor and work closely with its insurers to ensure the impact on the Group is kept to a minimum. The timing and amount of such claims are in many instances uncertain. However, the directors are of the opinion that all future liabilities can be met, based upon current estimates. The Company also has continued financial support from the wider Group. Based upon the above, the directors consider the going concern basis remains appropriate for the preparation of the financial statements.
| 2.3 | 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: Rendering of services The Company recognises revenue when invoices are raised to, or when consideration is measured as receivable from, customers. Invoices may be raised in the same period in which the service took place, or subsequently when the value of services can be reliably measured. The level of work is agreed by the customer prior to an invoice being raised. At the year end an estimated value for the work carried out during the year, recognised by reference to the stage of completion, that is yet to be invoiced is included within turnover and as amounts recoverable on long-term contracts within debtors. Page 2
OPTIONS WATER SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.4 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.5 | Debtors
Short-term debtors are measured at transaction price, less any impairment.
| 2.6 | 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.
| 2.7 | Creditors
Short-term creditors are measured at the transaction price.
| 2.8 | Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
| 2.9 | Invoice finance
Amounts in respect of invoice finance are separately disclosed. The Company can use these facilities to draw down a percentage of the value of certain sales invoices. The management and collection of trade receivables remains with the Company.
3. | Employees
| The average monthly number of employees, including directors, during the year was 5 (2024 - 2).
Page 3
OPTIONS WATER SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | - | 20,143
| Amounts owed by group undertakings | 315,964 | 350,623
| Other debtors | 139 | 109
| Amounts recoverable on long-term contracts | - | 50,000
|  | 316,103 | 420,875
5. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | - | 19,349
| Corporation tax | 1,566 | 22,203
| Other taxation and social security | - | 167
| Proceeds of factored debts | - | 353
|  | 1,566 | 42,072
| Included within other debtors are amounts of £139 (2024 - £353 within creditors), which are secured with a fixed and floating charge over the assets of the company along with an unlimited personal guarantee executed by the directors S G Wignall and J P Flannery.
6. | Provisions
The group in which this company is a member is party to several commercial contracts under which the risk of damage claims arise for actions taken under the contracts. At the year end, the Group has recognised provisions for certain claims in the accounts of Options Energy Support LLP. Should any claim arise, the impact on individual group companies cannot in all instances be readily ascertained, and so duplicate provision or partial provision has not been made in these accounts. Please refer to the individual and group consolidated accounts for further details.
7. | Contingent liabilities
The Company is part of a group VAT registration, together with Options Energy Group Limited, Options Energy Support LLP, Options Telecom Services Limited, Options Electricity Services Limited and Options Energy Services Limited, and as such is jointly and severally liable for the VAT liabilities of the other members of the VAT group. At the balance sheet date, the total contingent liability is £996,569 (2024 - £762,730). Page 4
OPTIONS WATER SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. | Related party transactions
| At 31 March 2025, amounts owed by group undertakings totalled £315,964 (2024 - £350,623). This balance is unsecured, interest free and repayable on demand. During the year the Company incurred management charges from fellow group undertakings of £Nil (2024 - £45,000).
9. | Controlling party
The company is a wholly owned subsidiary of Options Energy Group Limited, and the results are included in the consolidated accounts of that company available at Companies House. Its registered office is Harlow Enterprise Hub, Ff05 Kao Hockham Building, Edinburgh Way, Harlow, Essex, CM20 2NQ. During the prior period the parent company, Options Energy Group Limited, was acquired by an Employee Ownership Trust. The ultimate controlling party is Options Energy Group Employee Ownership Trust by virtue of its controlling interest in the share capital of the Group.
10. | Auditors' information
The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified. The audit report was signed on 22 July 2026 by Graham Wallace (Senior Statutory Auditor) on behalf of Barnes Roffe Audit Limited.
Page 5