REGISTERED NUMBER: 04602151 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

H2O (NW) Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

359,644

265,574

CURRENT ASSETS

Stocks

127,466

88,443

Debtors

5

1,870,993

1,450,910

Cash at bank and in hand

688,497

513,070

2,686,956

2,052,423

CREDITORS

Amounts falling due within one year

6

1,666,694

979,009

NET CURRENT ASSETS

1,020,262

1,073,414

TOTAL ASSETS LESS CURRENT LIABILITIES

1,379,906

1,338,988

CREDITORS

Amounts falling due after more than one year

7

(138,913

)

(79,946

)

PROVISIONS FOR LIABILITIES

(60,870

)

(49,747

)

NET ASSETS

1,180,123

1,209,295

CAPITAL AND RESERVES

Called up share capital

600

600

Capital redemption reserve

400

400

Retained earnings

1,179,123

1,208,295

SHAREHOLDERS' FUNDS

1,180,123

1,209,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2026 and were signed on its behalf by:

Mr J L Woolvine - Director

Mr P V Rowlands - Director

1.	STATUTORY INFORMATION

H2O (NW) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04602151

Registered office:

Ebenezer House

Ryecroft

Newcastle under Lyme

Staffordshire

ST5 2BE

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

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

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

Revenue is recognised as the company becomes entitled to consideration for the services supplied.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Office equipment

-

15% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks 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 Profit and Loss Account, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 50 (2024 - 48 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Office

Plant and

and

equipment

machinery

fittings

£

£

£

COST

At 1 January 2025

17,551

20,506

83,094

Additions

-

7,036

-

Disposals

-

-

-

At 31 December 2025

17,551

27,542

83,094

DEPRECIATION

At 1 January 2025

14,257

12,869

61,946

Charge for year

494

2,201

3,172

Eliminated on disposal

-

-

-

At 31 December 2025

14,751

15,070

65,118

NET BOOK VALUE

At 31 December 2025

2,800

12,472

17,976

At 31 December 2024

3,294

7,637

21,148

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

601,625

54,300

777,076

Additions

238,899

4,234

250,169

Disposals

(105,121

)

-

(105,121

)

At 31 December 2025

735,403

58,534

922,124

DEPRECIATION

At 1 January 2025

372,505

49,925

511,502

Charge for year

106,874

2,841

115,582

Eliminated on disposal

(64,604

)

-

(64,604

)

At 31 December 2025

414,775

52,766

562,480

NET BOOK VALUE

At 31 December 2025

320,628

5,768

359,644

At 31 December 2024

229,120

4,375

265,574

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2025

245,413

Additions

133,899

At 31 December 2025

379,312

DEPRECIATION

At 1 January 2025

104,299

Charge for year

59,722

At 31 December 2025

164,021

NET BOOK VALUE

At 31 December 2025

215,291

At 31 December 2024

141,114

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,804,994

1,125,961

Amounts owed by group undertakings

-

237,965

Other debtors

65,999

86,984

1,870,993

1,450,910

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,253

10,000

Hire purchase contracts

126,033

83,654

Trade creditors

978,980

562,012

Amounts owed to group undertakings

62,035

-

Taxation and social security

243,417

128,122

Other creditors

247,976

195,221

1,666,694

979,009

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

8,253

Hire purchase contracts

138,913

71,693

138,913

79,946

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

264,946

155,347

Hire purchase creditors are secured on the related fixed assets.

9.	FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £54,535 (2024: £68,324). This financial commitment represents the total amount of payments remaining on leases which have end dates in May 2027.

10.	ULTIMATE CONTROLLING PARTY

The company's parent undertaking is H2O (NW) Holdings Ltd. The company's ultimate controlling party is Mr Woolvine by virtue of his majority shareholding in H2O (NW) Holdings Ltd.