AQUASURE UK LIMITED

AQUASURE UK LIMITED

AQUASURE UK LIMITED - Company Information

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AQUASURE UK LIMITED

Company Registration Number:
06081287 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2021

Period of accounts

Start date: 01 August 2020

End date: 31 July 2021

AQUASURE UK LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2021

Balance sheet
Notes

AQUASURE UK LIMITED

Balance sheet

As at 31 July 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 58,823 52,902
Total fixed assets: 58,823 52,902
Current assets
Stocks: 12,000 2,000
Debtors: 4 162,812 178,400
Cash at bank and in hand: 290,287 137,332
Total current assets: 465,099 317,732
Creditors: amounts falling due within one year: 5 (143,835) (125,818)
Net current assets (liabilities): 321,264 191,914
Total assets less current liabilities: 380,087 244,816
Creditors: amounts falling due after more than one year: 6 (21,362) (17,204)
Provision for liabilities: (10,051)
Total net assets (liabilities): 348,674 227,612
Capital and reserves
Called up share capital: 142 142
Share premium account: 11,958 11,958
Profit and loss account: 336,574 215,512
Shareholders funds: 348,674 227,612

The notes form part of these financial statements

AQUASURE UK LIMITED

Balance sheet statements

For the year ending 31 July 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 09 February 2022
and signed on behalf of the board by:

Name: Mr A Flynn
Status: Director

The notes form part of these financial statements

AQUASURE UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimatedcustomer returns, rebates and other similar allowances.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over theirexpected useful lives on the following bases:Leasehold 10% Straight LinePlant & Machinery 15% Reducing BalanceMotor Vehicles 25% Reducing BalanceFixtures & Fittings 3 Year Straight LineComputer Equipment 3 Year Straight Line

Valuation and information policy

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsoleteand slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in progressis reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activityprogresses.

Other accounting policies

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquiredunder finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hirepurchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits andrisks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of thefinance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss accountso as to produce a constant periodic rate of charge on the net obligation outstanding in each period.Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor arecharged to profit and loss account as incurred.

AQUASURE UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

2. Employees

2021 2020
Average number of employees during the period 7 7

AQUASURE UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

3. Tangible Assets

Total
Cost £
At 01 August 2020 157,588
Additions 42,255
Disposals (20,685)
At 31 July 2021 179,158
Depreciation
At 01 August 2020 104,686
Charge for year 20,820
On disposals (5,171)
At 31 July 2021 120,335
Net book value
At 31 July 2021 58,823
At 31 July 2020 52,902

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:Motor Vehicles 2021 - £51,596 2020 - £29,475

AQUASURE UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

4. Debtors

2021 2020
££
Debtors due after more than one year: 0 0

AQUASURE UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

5. Creditors: amounts falling due within one year note

Net obligations under finance lease and hire purchase contracts £18,842 Trade creditors £61,599 Bank loans and overdrafts £2,796Taxes & Social Security £57,785 Other Creditors £2,813

AQUASURE UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

6. Creditors: amounts falling due after more than one year note

Net obligations under finance lease and hire purchase contracts £21,362

AQUASURE UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2021

7. Related party transactions

Amounts owed by other participating interests £3,072