Company No: 12432109 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	David Simon Ruddy
	Anthony John Stubbs

REGISTERED OFFICE	The Willows
	Hessay
	York
	YO26 8JU
	United Kingdom

COMPANY NUMBER

12432109 (England and Wales)

ACCOUNTANT	Inglis Chartered Accountants
	Wellington House
	Aviator Court
	Clifton Moor
	York
	YO30 4UZ

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	6,487		3,454
		6,487		3,454
Current assets
Debtors	4	70,462		68,131
Cash at bank and in hand	5	29,941		14,928
		100,403		83,059
Creditors: amounts falling due within one year	6	( 67,308)		( 57,103)
Net current assets		33,095		25,956
Total assets less current liabilities		39,582		29,410
Creditors: amounts falling due after more than one year	7	( 4,578)		( 13,854)
Net assets		35,004		15,556
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		34,904		15,456
Total shareholders' funds		35,004		15,556

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Water Core Ltd (registered number: 12432109) were approved and authorised for issue by the Board of Directors on 02 October 2026. They were signed on its behalf by:

David Simon Ruddy Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Water Core Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Willows, Hessay, York, YO26 8JU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

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.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		4

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 February 2025	6,213		6,213
Additions	4,395		4,395
At 31 January 2026	10,608		10,608
Accumulated depreciation
At 01 February 2025	2,759		2,759
Charge for the financial year	1,362		1,362
At 31 January 2026	4,121		4,121
Net book value
At 31 January 2026	6,487		6,487
At 31 January 2025	3,454		3,454

4. Debtors

	2026		2025
	£		£
Trade debtors	28,524		36,011
Amounts owed by related parties	41,938		31,748
Corporation tax	0		372
	70,462		68,131

5. Cash and cash equivalents

	2026		2025
	£		£
Cash at bank and in hand	29,941		14,928

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	10,414		10,784
Trade creditors	17,334		24,456
Taxation and social security	34,524		18,823
Other creditors	5,036		3,040
	67,308		57,103

7. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans	4,578		13,854

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100