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REGISTERED NUMBER: 05556351 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Aquassist Ltd

Aquassist Ltd (Registered number: 05556351)

Contents of the Financial Statements
for the year ended 31 January 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Aquassist Ltd

Company Information
for the year ended 31 January 2023







Director: I Lively





Secretary: Ms C E Porter





Registered office: 2 Oak House
St Marys Lane
Burghill
Hereford
HR4 7QZ





Registered number: 05556351 (England and Wales)





Accountants: Acre Accountancy Limited
Unit 2 Foley Works
Foley Industrial Estate
Hereford
Herefordshire
HR1 2SF

Aquassist Ltd (Registered number: 05556351)

Abridged Balance Sheet
31 January 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 141,670 166,650

CURRENT ASSETS
Stocks 360 328
Debtors 55,649 66,249
Cash at bank 194,380 113,190
250,389 179,767
CREDITORS
Amounts falling due within one year (135,839 ) (131,398 )
NET CURRENT ASSETS 114,550 48,369
TOTAL ASSETS LESS CURRENT
LIABILITIES

256,220

215,019

PROVISIONS FOR LIABILITIES (26,917 ) (31,664 )
NET ASSETS 229,303 183,355

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 229,301 183,353
SHAREHOLDERS' FUNDS 229,303 183,355

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 director acknowledges his 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.

Aquassist Ltd (Registered number: 05556351)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 May 2023 and were signed by:





I Lively - Director


Aquassist Ltd (Registered number: 05556351)

Notes to the Financial Statements
for the year ended 31 January 2023


1. STATUTORY INFORMATION

Aquassist 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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.
Plant and machinery - 15% on cost
Motor vehicles - 15% on reducing balance
Computer equipment - 33% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Aquassist Ltd (Registered number: 05556351)

Notes to the Financial Statements - continued
for the year ended 31 January 2023


3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
Cost
At 1 February 2022 432,716
Additions 1,469
At 31 January 2023 434,185
Depreciation
At 1 February 2022 266,066
Charge for year 26,449
At 31 January 2023 292,515
Net book value
At 31 January 2023 141,670
At 31 January 2022 166,650

6. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year - 14,933

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2