Aquachill Water Coolers Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07200181 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

AQUACHILL WATER COOLERS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

K W Mannering

T Glaister

REGISTERED OFFICE:

Unit 26 Boxted Farm

Berkhamsted Road

Hemel Hempstead

Hertfordshire

HP1 2SG

REGISTERED NUMBER:

07200181 (England and Wales)

ACCOUNTANTS:

Novitt Harris & Co Ltd

Wellington House

273-275 High Street

London Colney

St. Albans

Hertfordshire

AL2 1HA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

47,124

31,085

47,124

31,085

CURRENT ASSETS

Stocks

108,345

51,470

Debtors

6

37,914

52,503

Cash at bank

23,649

2,853

169,908

106,826

CREDITORS

Amounts falling due within one year

7

(109,380

)

(97,875

)

NET CURRENT ASSETS

60,528

8,951

TOTAL ASSETS LESS CURRENT LIABILITIES

107,652

40,036

CREDITORS

Amounts falling due after more than one year

8

(48,462

)

(31,549

)

PROVISIONS FOR LIABILITIES

9

(5,820

)

(2,415

)

NET ASSETS

53,370

6,072

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

53,270

5,972

SHAREHOLDERS' FUNDS

53,370

6,072

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 and authorised for issue on 13 July 2020 and were signed on its behalf by:

K W Mannering - Director

1.	STATUTORY INFORMATION

Aquachill Water Coolers 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 2010, is being amortised evenly over its estimated useful life of five years.

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.

Plant and machinery etc

-

33% on cost, 25% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2019 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

2,500

AMORTISATION

At 1 April 2019

and 31 March 2020

2,500

NET BOOK VALUE

At 31 March 2020

-

At 31 March 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

83,294

Additions

40,843

Disposals

(3,295

)

At 31 March 2020

120,842

DEPRECIATION

At 1 April 2019

52,209

Charge for year

24,804

Eliminated on disposal

(3,295

)

At 31 March 2020

73,718

NET BOOK VALUE

At 31 March 2020

47,124

At 31 March 2019

31,085

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases

are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2019

48,178

Additions

18,500

Disposals

(3,295

)

At 31 March 2020

63,383

DEPRECIATION

At 1 April 2019

37,527

Charge for year

11,993

Eliminated on disposal

(3,295

)

At 31 March 2020

46,225

NET BOOK VALUE

At 31 March 2020

17,158

At 31 March 2019

10,651

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

26,906

51,495

Other debtors

11,008

1,008

37,914

52,503

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

-

13,736

Hire purchase contracts and finance leases

17,106

13,562

Trade creditors

9,631

26,513

Taxation and social security

30,673

25,470

Other creditors

51,970

18,594

109,380

97,875

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Hire purchase contracts and finance leases

48,462

31,549

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

1,928

3,151

9.	PROVISIONS FOR LIABILITIES

2020

2019

£

£

Deferred tax

5,820

2,415

Deferred

tax

£

Balance at 1 April 2019

2,415

Provided during year

3,405

Balance at 31 March 2020

5,820