Combined Aqua Cleanse Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC223479 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

Combined Aqua Cleanse Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

D Kinnear

Mrs G Kinnear

SECRETARY:

Mrs G Kinnear

REGISTERED OFFICE:

55-57 West High Street

INVERURIE

AB51 3QQ

REGISTERED NUMBER:

SC223479 (Scotland)

ACCOUNTANTS:

Atholl Scott

55-57 West High Street

INVERURIE

AB51 3QQ

FIXED ASSETS

Tangible assets

4

127,797

95,392

CURRENT ASSETS

Debtors

5

140,107

200,831

Cash at bank and in hand

55,107

35,958

195,214

236,789

CREDITORS

Amounts falling due within one year

6

(119,129

)

(131,305

)

NET CURRENT ASSETS

76,085

105,484

TOTAL ASSETS LESS CURRENT LIABILITIES

203,882

200,876

CREDITORS

Amounts falling due after more than one year

7

-

(17,617

)

PROVISIONS FOR LIABILITIES

8

(24,601

)

(17,786

)

NET ASSETS

179,281

165,473

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

178,281

164,473

SHAREHOLDERS' FUNDS

179,281

165,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 6 September 2018 and were signed on its behalf by:

D Kinnear - Director

Mrs G Kinnear - Director

1.	STATUTORY INFORMATION

Combined Aqua Cleanse Limited is a private company, limited by shares ,

registered in Scotland. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts receivable for goods sold and services rendered

during the year, exclusive of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are

capitalised in the balance sheet. Those held under hire purchase contracts

are depreciated over their estimated useful lives. Those held under

finance leases are depreciated over their estimated useful lives or the

lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over

the relevant period. The capital element of the future payments is treated

as a liability.

Rentals paid under operating leases are charged to profit or loss on a

straight line basis over the period of the lease.

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 7 (2016 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2017

2,823

374

211,254

2,026

216,477

Additions

-

4,125

80,208

703

85,036

Disposals

-

-

(57,254

)

(2,026

)

(59,280

)

At 31 December 2017

2,823

4,499

234,208

703

242,233

DEPRECIATION

At 1 January 2017

423

208

118,483

1,971

121,085

Charge for year

360

644

40,547

231

41,782

Eliminated on disposal

-

-

(46,460

)

(1,971

)

(48,431

)

At 31 December 2017

783

852

112,570

231

114,436

NET BOOK VALUE

At 31 December 2017

2,040

3,647

121,638

472

127,797

At 31 December 2016

2,400

166

92,771

55

95,392

Fixed assets, included in the above, which are held under hire purchase

contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2017

and 31 December 2017

108,000

DEPRECIATION

At 1 January 2017

36,938

Charge for year

17,766

At 31 December 2017

54,704

NET BOOK VALUE

At 31 December 2017

53,296

At 31 December 2016

71,062

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

138,618

199,402

Other debtors

17

-

Director's loan accs less 1yr

17

-

Prepayments

1,455

1,429

140,107

200,831

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Hire purchase contracts

17,521

31,022

Trade creditors

29,010

11,807

Tax

30,006

41,021

PAYE

3,321

6,549

VAT

29,334

29,046

Other creditors

2,506

2,370

Net salary clearing account

-

1,450

Director's loan accs less 1yr

-

1,055

Accrued expenses

7,431

6,985

119,129

131,305

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.17

31.12.16

£

£

Hire purchase contracts

-

17,617

8.	PROVISIONS FOR LIABILITIES

31.12.17

31.12.16

£

£

Deferred tax

24,601

17,786

Deferred

tax

£

Balance at 1 January 2017

17,786

Provided during year

6,815

Balance at 31 December 2017

24,601

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years

ended 31 December 2017 and 31 December 2016:

31.12.17

31.12.16

£

£

D Kinnear

Balance outstanding at start of year

-

-

Amounts advanced

1,488

-

Amounts repaid

(1,471

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

17

-

This loan is unsecured, interest free and repayable on demand.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £142,300 were paid to the directors .

11.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the directors in

respect of the company's annual unaudited financial statements. In accordance

with the Companies Act 2006, the company is only required to file a Balance

Sheet. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the

Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2017 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

This report is made solely to the Board of Directors of the company, as a body,

in accordance with the terms of our engagement. Our work has been undertaken

solely to prepare for your approval the financial statements of the company and

state those matters that we have agreed to state to the Board of Directors of

the company, as a body, in this report in accordance with the requirements of

the Institute of Financial Accountants. To the fullest extent permitted by law,

we do not accept or assume responsibility to anyone other than the company and

its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the company has kept adequate accounting records

and to prepare statutory accounts that give a true and fair view of the assets,

liabilities and financial position of the company. You consider that the company

is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial

statements of the company. For this reason, we have not verified the accuracy or

completeness of the accounting records or information and explanations you have

given to us and we do not, therefore, express any opinion on the statutory

financial statements.

Atholl Scott

55-57 West High Street

INVERURIE

AB51 3QQ

6 September 2018