IRIS Accounts Production v23.3.0.418 03148946 Board of Directors 1.2.22 31.1.23 31.1.23 true false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh031489462022-01-31031489462023-01-31031489462022-02-012023-01-31031489462021-01-31031489462021-02-012022-01-31031489462022-01-3103148946ns10:Originalns15:EnglandWales2022-02-012023-01-3103148946ns14:PoundSterlingns10:Original2022-02-012023-01-3103148946ns10:Originalns10:Director12022-02-012023-01-3103148946ns10:Original2022-02-012023-01-3103148946ns10:Original2023-01-3103148946ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-3103148946ns10:Originalns10:SmallEntities2022-02-012023-01-3103148946ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-01-3103148946ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3103148946ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-3103148946ns10:Originalns10:FullAccounts2022-02-012023-01-3103148946ns10:Originalns10:Director22022-02-012023-01-3103148946ns10:CompanySecretary1ns10:Original2022-02-012023-01-3103148946ns10:Originalns10:RegisteredOffice2022-02-012023-01-3103148946ns10:Original2022-01-3103148946ns10:Originalns5:CurrentFinancialInstruments2023-01-3103148946ns10:Originalns5:CurrentFinancialInstruments2022-01-3103148946ns10:Originalns5:Non-currentFinancialInstruments2023-01-3103148946ns10:Originalns5:Non-currentFinancialInstruments2022-01-3103148946ns5:ShareCapitalns10:Original2023-01-3103148946ns5:ShareCapitalns10:Original2022-01-3103148946ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-3103148946ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3103148946ns10:Originalns5:LandBuildings2022-02-012023-01-3103148946ns10:Originalns5:PlantMachinery2022-02-012023-01-3103148946ns10:Original2021-02-012022-01-3103148946ns10:Originalns5:LandBuildings2022-01-3103148946ns10:Originalns5:PlantMachinery2022-01-3103148946ns10:Original2022-01-3103148946ns10:Originalns5:LandBuildings2023-01-3103148946ns10:Originalns5:PlantMachinery2023-01-3103148946ns10:Originalns5:LandBuildings2022-01-3103148946ns10:Originalns5:PlantMachinery2022-01-3103148946ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-01-3103148946ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-02-012023-01-3103148946ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-3103148946ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-01-3103148946ns10:Originalns5:AdditionsToInvestments2023-01-3103148946ns10:Originalns5:CostValuation2023-01-3103148946ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3103148946ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-31
REGISTERED NUMBER: 03148946 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Aquarius Marine Coatings Ltd

Aquarius Marine Coatings Ltd (Registered number: 03148946)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aquarius Marine Coatings Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: J A Kenny
E C G Clark





SECRETARY: E C G Clark





REGISTERED OFFICE: 21 Church Road
Parkstone
Poole
Dorset
BH14 8UF





REGISTERED NUMBER: 03148946 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

Aquarius Marine Coatings Ltd (Registered number: 03148946)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 309,529 322,087
Investments 5 2,644 -
Investment property 6 180,000 180,000
492,173 502,087

CURRENT ASSETS
Stocks 40,000 40,000
Debtors 7 492,007 439,845
Cash at bank 192,999 223,564
725,006 703,409
CREDITORS
Amounts falling due within one year 8 357,364 317,871
NET CURRENT ASSETS 367,642 385,538
TOTAL ASSETS LESS CURRENT
LIABILITIES

859,815

887,625

CREDITORS
Amounts falling due after more than one
year

9

(197,812

)

(273,700

)

PROVISIONS FOR LIABILITIES (13,524 ) (11,946 )
NET ASSETS 648,479 601,979

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 648,475 601,975
SHAREHOLDERS' FUNDS 648,479 601,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

Aquarius Marine Coatings Ltd (Registered number: 03148946)

Balance Sheet - continued
31 January 2023


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 by the Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by:





E C G Clark - Director


Aquarius Marine Coatings Ltd (Registered number: 03148946)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Aquarius Marine Coatings 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - Not provided
Plant and machinery etc - 33% on cost, 25% on reducing balance, 15% on reducing balance and Not provided

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 (2022 - 7 ) .

Aquarius Marine Coatings Ltd (Registered number: 03148946)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2022 193,170 210,455 403,625
Additions - 24,529 24,529
Disposals - (12,132 ) (12,132 )
At 31 January 2023 193,170 222,852 416,022
DEPRECIATION
At 1 February 2022 - 81,538 81,538
Charge for year - 27,943 27,943
Eliminated on disposal - (2,988 ) (2,988 )
At 31 January 2023 - 106,493 106,493
NET BOOK VALUE
At 31 January 2023 193,170 116,359 309,529
At 31 January 2022 193,170 128,917 322,087

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 130,539
DEPRECIATION
At 1 February 2022 57,111
Charge for year 18,357
At 31 January 2023 75,468
NET BOOK VALUE
At 31 January 2023 55,071
At 31 January 2022 73,428

Aquarius Marine Coatings Ltd (Registered number: 03148946)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 2,644
At 31 January 2023 2,644
NET BOOK VALUE
At 31 January 2023 2,644

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 180,000
NET BOOK VALUE
At 31 January 2023 180,000
At 31 January 2022 180,000

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2022 12,895
Cost 167,105
180,000

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 167,105 167,105

The investment property was valued on a fair value basis on 31 January 2023 by Mr E C G Clark, Director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 142,436 144,852
Other debtors 349,571 294,993
492,007 439,845

Aquarius Marine Coatings Ltd (Registered number: 03148946)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 21,400 21,480
Hire purchase contracts 54,234 20,791
Trade creditors 123,914 94,079
Taxation and social security 75,579 61,636
Other creditors 82,237 119,885
357,364 317,871

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 164,329 185,983
Hire purchase contracts 33,483 87,717
197,812 273,700

10. RELATED PARTY DISCLOSURES

At the year end, the company was owed £95,000 (2022: £95,000) by Aquarius Managed Properties Limited. The directors of this company are also directors of Aquarius Managed Properties Limited.