Aquamatix Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07601220 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

AQUAMATIX SOLUTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr L K Reynolds

REGISTERED OFFICE:

Larch House

Parklands Business Park

Denmead

Hampshire

PO7 6XP

REGISTERED NUMBER:

07601220 (England and Wales)

ACCOUNTANTS:

Gibson Whitter

Chartered Accountants

and Chartered Tax Advisers

Larch House

Parklands Business Park

Denmead

Hampshire

PO7 6XP

FIXED ASSETS

Tangible assets

4

107

219

CURRENT ASSETS

Debtors

5

19,085

2,544

Cash at bank

4,876

6,741

23,961

9,285

CREDITORS

Amounts falling due within one year

6

33,086

26,838

NET CURRENT LIABILITIES

(9,125

)

(17,553

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,018

)

(17,334

)

CREDITORS

Amounts falling due after more than one year

7

363,041

330,870

NET LIABILITIES

(372,059

)

(348,204

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(372,159

)

(348,304

)

SHAREHOLDERS' FUNDS

(372,059

)

(348,204

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 and authorised for issue by the Board of Directors and authorised for issue on 29 June 2021 and were signed on its behalf by:

Mr L K Reynolds - Director

1.	STATUTORY INFORMATION

Aquamatix Solutions 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.

At the balance sheet date the company had net current liabilities and net liabilities. This position has arisen due to the amount owed to a director, who has agreed not to seek repayment of these amounts unless the company has the ability to do so. On this basis the director has prepared these financial statements on the going concern basis.

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

-

33% on cost

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 3 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2019

and 30 September 2020

4,050

DEPRECIATION

At 1 October 2019

3,831

Charge for year

112

At 30 September 2020

3,943

NET BOOK VALUE

At 30 September 2020

107

At 30 September 2019

219

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade debtors

-

2,544

Other debtors

19,085

-

19,085

2,544

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Bank loans and overdrafts

600

-

Trade creditors

97

846

Taxation and social security

1,090

4,319

Other creditors

31,299

21,673

33,086

26,838

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.20

30.9.19

£

£

Bank loans

11,400

-

Other creditors

351,641

330,870

363,041

330,870

Bank loan relates to a Bounce Back loan.

8.	RELATED PARTY DISCLOSURES

The aggregate amounts owed to directors at the balance sheet date is £350,995 (30.9.19: £350,870).

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr L K Reynolds.