Abbreviated Company Accounts - AQUARIUS HOME IMPROVEMENTS LIMITED

AQUARIUS HOME IMPROVEMENTS LIMITED - Company Information

06010574 AQUARIUS HOME IMPROVEMENTS LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 06010574 2015-01-01 2015-12-31 06010574 2015-12-31 06010574 2014-12-31 06010574 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 06010574 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:Director3 2015-01-01 2015-12-31 uk-gaap-cd-bus:Director3 2015-12-31 uk-gaap-cd-bus:Director3 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 06010574

AQUARIUS HOME IMPROVEMENTS LIMITED

Abbreviated Accounts

31 December 2015

AQUARIUS HOME IMPROVEMENTS LIMITED Registered Number 06010574

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	8,615	10,327
		8,615	10,327
Current assets
Stocks		25,000	20,000
Debtors		7,803	11,028
Cash at bank and in hand		46,704	17,874
		79,507	48,902
Creditors: amounts falling due within one year		(79,242)	(47,198)
Net current assets (liabilities)		265	1,704
Total assets less current liabilities		8,880	12,031
Creditors: amounts falling due after more than one year		(5,879)	(8,945)
Provisions for liabilities		(1,527)	(2,065)
Total net assets (liabilities)		1,474	1,021
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		474	21
Shareholders' funds		1,474	1,021

For the year ending 31 December 2015 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 17 March 2016

And signed on their behalf by:
J. Bosworth, Director

AQUARIUS HOME IMPROVEMENTS LIMITED Registered Number 06010574

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts 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 assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% reducing balance
Fixtures, fittings and equipment - 25% reducing balance
Motor vehicles - 25% reducing balance

Other accounting policies
LEASING
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

STOCK AND WORK IN PROGRESS
Stock and work in progress are valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 January 2015	22,398
Additions	3,531
Disposals	(2,368)
Revaluations	-
Transfers	-
At 31 December 2015	23,561
Depreciation
At 1 January 2015	12,071
Charge for the year	2,875
On disposals	-
At 31 December 2015	14,946
Net book values
At 31 December 2015	8,615
At 31 December 2014	10,327

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000

4Transactions with directors

Name of director receiving advance or credit:	J. Bosworth
Description of the transaction:	Interest free loans
Balance at 1 January 2015:	£ 5,815
Advances or credits made:	£ 0
Advances or credits repaid:	£ 1,527
Balance at 31 December 2015:	£ 4,288

During the year the company paid dividends totalling £35,950 (2014 £8,600) to the directors J. Bosworth & J. Bosworth.