Aquarius Plumbing & Heating Kent Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09234887 (England and Wales)

Financial Statements for the Year Ended 30 September 2019

for

Aquarius Plumbing & Heating Kent Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

S C Simpson

A Mincher

SECRETARY:

REGISTERED OFFICE:

Unit 41 The Oaks

Manston Business Park

Ramsgate

Kent

CT12 5FN

REGISTERED NUMBER:

09234887 (England and Wales)

ACCOUNTANTS:

MPH Accountancy and Business Advisors Ltd

99 Canterbury Road

Whitstable

Kent

CT5 4HG

FIXED ASSETS

Intangible assets

4

5,000

6,000

Tangible assets

5

14,595

18,739

19,595

24,739

CURRENT ASSETS

Stocks

12,500

3,380

Debtors

6

24,600

31,813

Cash at bank

1,009

8,099

38,109

43,292

CREDITORS

Amounts falling due within one year

7

24,942

26,195

NET CURRENT ASSETS

13,167

17,097

TOTAL ASSETS LESS CURRENT LIABILITIES

32,762

41,836

CREDITORS

Amounts falling due after more than one year

8

13,793

20,310

NET ASSETS

18,969

21,526

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

18,869

21,426

SHAREHOLDERS' FUNDS

18,969

21,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 11 February 2020 and were signed on its behalf by:

S C Simpson - Director

1.	STATUTORY INFORMATION

Aquarius Plumbing & Heating Kent Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

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 4 (2018 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2018

and 30 September 2019

10,000

AMORTISATION

At 1 October 2018

4,000

Charge for year

1,000

At 30 September 2019

5,000

NET BOOK VALUE

At 30 September 2019

5,000

At 30 September 2018

6,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2018

and 30 September 2019

25,591

DEPRECIATION

At 1 October 2018

6,852

Charge for year

4,144

At 30 September 2019

10,996

NET BOOK VALUE

At 30 September 2019

14,595

At 30 September 2018

18,739

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

22,680

29,893

Other debtors

1,920

1,920

24,600

31,813

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

3,841

3,841

Hire purchase contracts

4,077

4,077

Trade creditors

3,449

5,816

Taxation and social security

13,148

10,824

Other creditors

427

1,637

24,942

26,195

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

5,159

8,159

Hire purchase contracts

8,634

12,151

13,793

20,310

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Aquarius Plumbing & Heating Kent Limited for the year ended 30 September 2019 which

comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Aquarius Plumbing & Heating Kent Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aquarius Plumbing & Heating Kent Limited and state those matters that we have agreed to state to the Board of Directors of Aquarius Plumbing & Heating Kent Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aquarius Plumbing & Heating Kent Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Aquarius Plumbing & Heating Kent Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Aquarius Plumbing & Heating Kent Limited. You consider that Aquarius Plumbing & Heating Kent Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Aquarius Plumbing & Heating Kent Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

MPH Accountancy and Business Advisors Ltd

99 Canterbury Road

Whitstable

Kent

CT5 4HG

11 February 2020