H2O Associates Ltd. - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05694560 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

H2O ASSOCIATES LTD.

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A R Derbyshire

REGISTERED OFFICE:

Arrowsmith Court

Station Approach

Broadstone

Dorset

BH18 8AT

REGISTERED NUMBER:

05694560 (England and Wales)

ACCOUNTANTS:

Newton Magnus

Chartered Certified Accountants

Arrowsmith Court

Station Approach

Broadstone

Dorset

BH18 8AT

FIXED ASSETS

Tangible assets

4

4,091

4,345

CURRENT ASSETS

Debtors

5

55,628

11,974

Cash at bank

4,897

53,404

60,525

65,378

CREDITORS

Amounts falling due within one year

(46,716

)

(13,780

)

NET CURRENT ASSETS

13,809

51,598

TOTAL ASSETS LESS CURRENT LIABILITIES

17,900

55,943

CREDITORS

Amounts falling due after more than one year

-

(21,467

)

PROVISIONS FOR LIABILITIES

(777

)

(826

)

NET ASSETS

17,123

33,650

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

17,121

33,648

SHAREHOLDERS' FUNDS

17,123

33,650

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 November 2022 and were signed by:

Mr A R Derbyshire - Director

1.	STATUTORY INFORMATION

H2O Associates Ltd. 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

Turnover represents the value of goods and services supplied by the company during the year, excluding value added tax.

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

18,433

Additions

1,109

At 31 March 2022

19,542

DEPRECIATION

At 1 April 2021

14,088

Charge for year

1,363

At 31 March 2022

15,451

NET BOOK VALUE

At 31 March 2022

4,091

At 31 March 2021

4,345

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Other debtors

50,000

-

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2022 and 31 March 2021:

2022

2021

£

£

Mr A R Derbyshire

Balance outstanding at start of year

3,688

(397

)

Amounts advanced

13,330

39,088

Amounts repaid

(43,147

)

(35,003

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(26,129

)

3,688

Mrs J M Derbyshire

Balance outstanding at start of year

2,024

(168

)

Amounts advanced

-

37,192

Amounts repaid

(2,024

)

(35,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

2,024