Aquabion Uk Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09052994 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

AQUABION UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Ridout

REGISTERED OFFICE:

25 High Street

Corsham

Wiltshire

SN13 0ES

REGISTERED NUMBER:

09052994 (England and Wales)

ACCOUNTANTS:

Abacs Ltd

La Pineda

Upper Minety

Malmesbury

Wiltshire

SN16 9PR

FIXED ASSETS

Tangible assets

4

9,487

7,356

CURRENT ASSETS

Stocks

194,580

119,348

Debtors

5

452,672

433,763

Cash at bank

495,159

431,066

1,142,411

984,177

CREDITORS

Amounts falling due within one year

6

314,906

404,182

NET CURRENT ASSETS

827,505

579,995

TOTAL ASSETS LESS CURRENT LIABILITIES

836,992

587,351

CREDITORS

Amounts falling due after more than one year

7

(189,657

)

(200,000

)

PROVISIONS FOR LIABILITIES

(1,398

)

(1,398

)

NET ASSETS

645,937

385,953

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

645,837

385,853

SHAREHOLDERS' FUNDS

645,937

385,953

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.

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

The financial statements were approved by the director and authorised for issue on 14 December 2022 and were signed by:

J Ridout - Director

1.	STATUTORY INFORMATION

Aquabion Uk 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc

-

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 Statement of Income and Retained Earnings, 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 8 (2021 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

15,468

Additions

5,293

At 31 March 2022

20,761

DEPRECIATION

At 1 April 2021

8,112

Charge for year

3,162

At 31 March 2022

11,274

NET BOOK VALUE

At 31 March 2022

9,487

At 31 March 2021

7,356

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

333,278

310,895

Other debtors

119,394

122,868

452,672

433,763

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

8,115

13,610

Taxation and social security

294,086

382,068

Other creditors

12,705

8,504

314,906

404,182

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Other creditors

189,657

200,000