The Pure H2O Company Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 02461213 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

THE PURE H2O COMPANY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Wiltshire

REGISTERED OFFICE:

Unit C3

Fairoaks Airport

Chobham

Surrey

GU24 8HU

REGISTERED NUMBER:

02461213 (England and Wales)

ACCOUNTANTS:

L E Marshall & Co

Chartered Accountants

Unit C3

Fairoaks Airport

Chobham

Surrey

GU24 8HU

FIXED ASSETS

Intangible assets

4

-

3,521

Tangible assets

5

110,349

312,460

110,349

315,981

CURRENT ASSETS

Stocks

181,204

169,137

Debtors

6

234,794

154,856

Cash at bank

21,348

21,341

437,346

345,334

CREDITORS

Amounts falling due within one year

7

298,444

312,975

NET CURRENT ASSETS

138,902

32,359

TOTAL ASSETS LESS CURRENT LIABILITIES

249,251

348,340

CREDITORS

Amounts falling due after more than one year

8

(62,268

)

(153,918

)

PROVISIONS FOR LIABILITIES

(17,368

)

(18,350

)

NET ASSETS

169,615

176,072

CAPITAL AND RESERVES

Called up share capital

19,000

19,000

Retained earnings

150,615

157,072

SHAREHOLDERS' FUNDS

169,615

176,072

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 28 June 2018 and were signed by:

R Wiltshire - Director

1.	STATUTORY INFORMATION

The Pure H2O Company 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents invoiced sales, net of value added tax. Sales are recognised when an installation or service

is completed or in the period to which rental equipment is made available.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% 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 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.

Research and development

Development costs incurred on Quatreau Tap are capitalised as the director is reasonably certain that the

expected revenue streams arising from the project exceed costs. Development costs in respect of this project are

being amortised at the rate of 20% on cost to write each asset off over its expected useful life. The amortisation

policy commenced in line with revenue streams beginning in November 2010. The recoverability of the Quatreau

Tap development costs is reviewed annually. All other development costs are written off to the profit and loss

account in the year of expenditure.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 14 .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 October 2016

79,598

Disposals

(61,993

)

At 30 September 2017

17,605

AMORTISATION

At 1 October 2016

76,077

Amortisation for year

3,521

Eliminated on disposal

(61,993

)

At 30 September 2017

17,605

NET BOOK VALUE

At 30 September 2017

-

At 30 September 2016

3,521

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 October 2016

207,255

120,529

73,645

Disposals

(207,255

)

-

-

At 30 September 2017

-

120,529

73,645

DEPRECIATION

At 1 October 2016

12,435

100,359

57,524

Charge for year

-

3,026

2,418

Eliminated on disposal

(12,435

)

-

-

At 30 September 2017

-

103,385

59,942

NET BOOK VALUE

At 30 September 2017

-

17,144

13,703

At 30 September 2016

194,820

20,170

16,121

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 October 2016

117,458

11,232

530,119

Additions

33,352

1,497

34,849

Disposals

(21,049

)

-

(228,304

)

At 30 September 2017

129,761

12,729

336,664

DEPRECIATION

At 1 October 2016

37,904

9,437

217,659

Charge for year

26,006

1,810

33,260

Eliminated on disposal

(12,169

)

-

(24,604

)

At 30 September 2017

51,741

11,247

226,315

NET BOOK VALUE

At 30 September 2017

78,020

1,482

110,349

At 30 September 2016

79,554

1,795

312,460

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

61,478

124,218

Amounts owed by associates

159,904

-

Other debtors

13,412

30,638

234,794

154,856

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Bank loans and overdrafts

-

13,530

Hire purchase contracts

30,358

24,280

Trade creditors

93,808

104,674

Taxation and social security

17,587

53,090

Other creditors

156,691

117,401

298,444

312,975

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.17

30.9.16

£

£

Bank loans

-

91,710

Hire purchase contracts

62,268

62,208

62,268

153,918

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.17

30.9.16

£

£

Bank overdraft

-

2,619

Bank loans

-

102,621

-

105,240

All bank overdrafts due to Barclays Bank Plc are secured by a fixed and floating charge over the assets of the

company.

The director, R Wiltshire, has given a personal guarantee to Barclays Bank Plc totalling £250,000.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2017 and

30 September 2016:

30.9.17

30.9.16

£

£

R Wiltshire

Balance outstanding at start of year

15,804

-

Amounts advanced

11,047

15,804

Amounts repaid

(27,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(149

)

15,804

11.	ULTIMATE CONTROLLING PARTY

The controlling party is R Wiltshire.