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REGISTERED NUMBER: 07103664 (England and Wales)















Unaudited Cessation Financial Statements

for the Year Ended 28 February 2023

for

Aqua Build Solutions Limited

Aqua Build Solutions Limited (Registered number: 07103664)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aqua Build Solutions Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: E Houghton





REGISTERED OFFICE: 7 Maple Grove
Hessle
North Humberside
HU13 0TH





REGISTERED NUMBER: 07103664 (England and Wales)





ACCOUNTANT: A. D. Smith
54 Pryme Street
Anlaby
Hull
East Riding
HU10 6SH

Aqua Build Solutions Limited (Registered number: 07103664)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 21,955

CURRENT ASSETS
Debtors 5 3,711 8,343
Prepayments and accrued income - 645
Cash at bank 141 1
3,852 8,989
CREDITORS
Amounts falling due within one year 6 (3,660 ) (14,425 )
NET CURRENT ASSETS/(LIABILITIES) 192 (5,436 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

192

16,519

CREDITORS
Amounts falling due after more than one year 7 - (15,262 )

PROVISIONS FOR LIABILITIES (149 ) (167 )
NET ASSETS 43 1,090

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 41 1,088
SHAREHOLDERS' FUNDS 43 1,090

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Aqua Build Solutions Limited (Registered number: 07103664)

Balance Sheet - continued
28 February 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 Income Statement for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 30 October 2023 and were signed by:





E Houghton - Director


Aqua Build Solutions Limited (Registered number: 07103664)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Aqua Build Solutions Limited 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.

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.
Plant and machinery etc - 25% on cost and 15% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Aqua Build Solutions Limited (Registered number: 07103664)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 26,136
Additions 292
Disposals (26,428 )
At 28 February 2023 -
DEPRECIATION
At 1 March 2022 4,181
Charge for year 3,855
Eliminated on disposal (8,036 )
At 28 February 2023 -
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 21,955

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2022 24,549
Disposals (24,549 )
At 28 February 2023 -
DEPRECIATION
At 1 March 2022 3,474
Charge for year 3,679
Eliminated on disposal (7,153 )
At 28 February 2023 -
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 21,075

Aqua Build Solutions Limited (Registered number: 07103664)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 35 5,741
Other debtors 3,676 2,602
3,711 8,343

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts (see note 8) - 1,377
Finance leases - 2,628
Trade creditors 1,821 9,800
Taxation and social security 1,219 -
Other creditors 620 620
3,660 14,425

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Finance leases - 15,262

8. LOANS

An analysis of the maturity of loans is given below:

28.2.23 28.2.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 1,377

The bounce back loan was denominated in GBP with a nominal interest rate of 2.5% and has been repaid on 1st June 2021 as it was no longer needed. The carrying amount at the year end is £Nil (2022 - £Nil.).

It was classed as an unsecured loan with no personal guarantees. Interest was paid by the UK government in the first 12 months.

Aqua Build Solutions Limited (Registered number: 07103664)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
E Houghton
Balance outstanding at start of year (778 ) (1,806 )
Amounts advanced (10,502 ) (1,992 )
Amounts repaid 9,335 3,020
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,945 ) (778 )

The amounts in brackets represent debit balances. An amount has been introduced to repay the overdrawn Director's Current Account balance from last year on 21st March 2022. An amount has been inroduced to repay the Director's Current Account balance for this year on 24th July 2023.

10. ULTIMATE CONTROLLING PARTY

The controlling party is E Houghton.