ACQUA BATHROOMS LTD Accounts filed on 31-03-2015
ACQUA BATHROOMS LTD Accounts filed on 31-03-2015
ACQUA BATHROOMS LTD
Company Registration Number:
07353210 (England and Wales)
Report of the Directors and Unaudited Financial Statements
Period of accounts
Start date: 01st April 2014
End date: 31st March 2015
SUBMITTED
ACQUA BATHROOMS LTD
Contents of the Financial Statements
for the Period Ended
31st March 2015
Company Information | |
Report of the Directors | |
Profit and Loss Account | |
Gains and Losses | |
Balance sheet | |
Notes to the Financial Statements |
ACQUA BATHROOMS LTD
Company Information
for the Period Ended
31st March 2015
Director: |
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Company secretary: |
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Registered office: |
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Company Registration Number: |
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ACQUA BATHROOMS LTD
Directors' Report Period Ended 31st March 2015
The directors present their report with the financial statements of the company for the period ended 31st March 2015
Principal activities
The principal activity of the company in the period under review was:
Directors
The directors shown below have held office during the whole of the period from
01st April 2014 to 31st March 2015
Yunus Shaikh
Sahzad Qader Malik
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name: Yunus Shaikh
Status: Director
ACQUA BATHROOMS LTD
Profit and Loss Account
for the Period Ended 31st March 2015
Notes | 2015 £ |
2014 £ |
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Turnover: | 2 |
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Cost of sales: |
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Gross profit or (loss): |
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Administrative expenses: | 4, |
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Operating profit or (loss): | 3 | ( |
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Profit or (loss) on ordinary activities before taxation: | ( |
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Tax on profit or (loss) on ordinary activities: | 5 |
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Profit or (loss) for the financial year: | ( |
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The notes form part of these financial statements
ACQUA BATHROOMS LTD
Statement of total recognised gains and losses
31st March 2015
Statement of total recognised gains and losses
The company does not have any gains and losses other than Profit and Loss for the period to report.The notes form part of these financial statements
ACQUA BATHROOMS LTD
Balance sheet
As at 31st March 2015
Notes | 2015 £ |
2014 £ |
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Fixed assets | |||
Tangible assets: | 6 |
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Total fixed assets: |
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Current assets | |||
Stocks: | 7 |
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Debtors: | 8 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year | 9 |
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Net current assets (liabilities): | ( |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
ACQUA BATHROOMS LTD
Balance sheet
As at 31st March 2015
continued
Notes | 2015 £ |
2014 £ |
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Capital and reserves | |||
Called up share capital: | 10 |
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Profit and Loss account: | 11 |
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Total shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: Yunus Shaikh
Status: Director
The notes form part of these financial statements
ACQUA BATHROOMS LTD
Notes to the Financial Statements
for the Period Ended
31st March 2015
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1. Accounting policies
Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting standard for Smaller Entities (effective April 2008 Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities. Tangible fixed assets depreciation policy
Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives using the following rates: Leasehold premises - over the period of lease Plant and machinery - 25% straight line Motor Vehicle - 25% straight line Fixtures, fittings and equipment - 25% straight line Valuation information and policy
Stock is valued at the lower of cost and net realisable value.
ACQUA BATHROOMS LTD
Notes to the Financial Statements
for the Period Ended
31st March 2015
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2 . Turnover
The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK.
ACQUA BATHROOMS LTD
Notes to the Financial Statements
for the Period Ended
31st March 2015
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3 . Operating profit or (loss)
Operating profit or (loss) before tax as stated after charging the following.
2015 2014 £ £ Depreciation - owned assets: 15,567 12,273 Profit or (loss) on disposal of fixed assets: ( 1,070 )-
ACQUA BATHROOMS LTD
Notes to the Financial Statements
for the Period Ended
31st March 2015
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4 . Directors' remuneration
2015 2014 £ £ Directors' remuneration: 76,281 31,104 TOTAL: 76,281 31,104
ACQUA BATHROOMS LTD
Notes to the Financial Statements
for the Period Ended
31st March 2015
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5. Taxation
The tax charge on the profit on ordinary activities for the period was as follows:2015 2014 £ £ UK Corporation Tax: 65 3,376 Tax on profit or (loss) on ordinary activities: 65 3,376 Profit or (loss) on ordinary activities before taxation: ( 7,589 )10,737 Profit or (loss) on ordinary activities before taxation multiplied by the rate(s) of Corporation Tax applicable: 65 3,376 Current tax charge or (credit): 65 3,376
ACQUA BATHROOMS LTD
Notes to the Financial Statements
for the Period Ended
31st March 2015
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6. Tangible assets
Land and buildings Plant Machinery Fixtures and fittings Office Equipment Motor vehicles Total Cost £ £ £ £ £ £ At 01st April 2014: 42,711 20,129 - - 4,900 67,740 Additions: - 32,036 - 2,236 8,333 42,605 Disposals: - 18,100 - - 4,900 23,000 At 31st March 2015: 42,711 34,065 - 2,236 8,333 87,345 Depreciation At 01st April 2014: 19,040 17,140 - - 4,390 40,570 Charge for year: 5,423 7,502 - 559 2,083 15,567 On disposals: - 16,040 - - 4,390 20,430 At 31st March 2015: 24,463 8,602 - 559 2,083 35,707 Net book value At 31st March 2015: 18,248 25,463 - 1,677 6,250 51,638 At 31st March 2014: 23,671 2,989 - - 510 27,170
ACQUA BATHROOMS LTD
Notes to the Financial Statements
for the Period Ended
31st March 2015
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7. Stocks
2015 2014 £ £ Finished goods and goods for resale: 40,000 50,000 Total: 40,000 50,000
ACQUA BATHROOMS LTD
Notes to the Financial Statements
for the Period Ended
31st March 2015
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8. Debtors
2015 2014 £ £ Trade debtors: 66,544 61,109 Other debtors: - 3,703 Prepayments and accrued income: - 10,127 Total: 66,544 74,939
ACQUA BATHROOMS LTD
Notes to the Financial Statements
for the Period Ended
31st March 2015
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9. Creditors: amounts falling due within one year
2015 2014 £ £ Trade creditors: 85,554 75,651 Taxation and social security: 27,511 31,885 Accruals and deferred income: 65,255 18,358 Other creditors: 28,010 78,108 Total: 206,330 204,002
ACQUA BATHROOMS LTD
Notes to the Financial Statements
for the Period Ended
31st March 2015
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11. Profit and loss account
2015 2014 £ £ Opening balance: 20,650 13,289 Profit or (loss) for the period: ( 7,654 )7,361 Equity dividends paid: 0 0 Retained profit: 12,996 20,650
ACQUA BATHROOMS LTD
Notes to the Financial Statements
for the Period Ended
31st March 2015
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12. Related party disclosures
The Company was under the control of Mr. Y Shaikh and Mr.Shahzad Q Malik throughout the year. At the balance sheet date directors’ current Accounts were not overdrawn.