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REGISTERED NUMBER: 03108353 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 March 2023

for

Aquatic Control Engineering Limited

Aquatic Control Engineering Limited (Registered number: 03108353)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aquatic Control Engineering Limited

Company Information
for the Year Ended 28 March 2023







DIRECTORS: B Van Nieuwenhuyzen
Mrs M J Van Nieuwenhuyzen
S J Randall





SECRETARY: Mrs M J Van Nieuwenhuyzen





REGISTERED OFFICE: Hall Farm
Main Street
Rampton
Retford
Nottinghamshire
DN22 0HR





REGISTERED NUMBER: 03108353 (England and Wales)

Aquatic Control Engineering Limited (Registered number: 03108353)

Balance Sheet
28 March 2023

28.3.23 28.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,950 -
Tangible assets 5 355,132 161,679
368,082 161,679

CURRENT ASSETS
Stocks 244,999 202,418
Debtors 6 424,794 1,528,736
Cash at bank 1,185,859 366,813
1,855,652 2,097,967
CREDITORS
Amounts falling due within one year 7 761,792 1,069,299
NET CURRENT ASSETS 1,093,860 1,028,668
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,461,942

1,190,347

CREDITORS
Amounts falling due after more than one
year

8

(349,595

)

(431,669

)

PROVISIONS FOR LIABILITIES (82,373 ) (17,634 )
NET ASSETS 1,029,974 741,044

CAPITAL AND RESERVES
Called up share capital 10,500 10,500
Share premium 3,500 3,500
Capital redemption reserve 500 500
Retained earnings 1,015,474 726,544
SHAREHOLDERS' FUNDS 1,029,974 741,044

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

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

Aquatic Control Engineering Limited (Registered number: 03108353)

Balance Sheet - continued
28 March 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 1 November 2023 and were signed on its behalf by:





Mrs M J Van Nieuwenhuyzen - Director


Aquatic Control Engineering Limited (Registered number: 03108353)

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

1. STATUTORY INFORMATION

Aquatic Control Engineering 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 33% on cost, 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

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 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.

Aquatic Control Engineering Limited (Registered number: 03108353)

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

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 12,950
At 28 March 2023 12,950
NET BOOK VALUE
At 28 March 2023 12,950

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 29 March 2022 37,035 32,896 248,642 61,646 380,219
Additions - 7,500 259,590 - 267,090
Disposals - - (88,922 ) - (88,922 )
At 28 March 2023 37,035 40,396 419,310 61,646 558,387
DEPRECIATION
At 29 March 2022 37,035 23,215 105,312 52,978 218,540
Charge for year - 2,577 38,143 1,442 42,162
Eliminated on disposal - - (57,447 ) - (57,447 )
At 28 March 2023 37,035 25,792 86,008 54,420 203,255
NET BOOK VALUE
At 28 March 2023 - 14,604 333,302 7,226 355,132
At 28 March 2022 - 9,681 143,330 8,668 161,679

The net book value of assets held under finance leases or hire purchase contracts, included above, amounted to £140,324 (2022: £41,305)

Aquatic Control Engineering Limited (Registered number: 03108353)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.3.23 28.3.22
£    £   
Trade debtors 415,484 1,519,436
Other debtors 9,310 9,300
424,794 1,528,736

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.3.23 28.3.22
£    £   
Bank loans and overdrafts 15,200 15,200
Hire purchase contracts 29,306 10,756
Trade creditors 260,056 653,108
Taxation and social security 154,983 164,584
Other creditors 302,247 225,651
761,792 1,069,299

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.3.23 28.3.22
£    £   
Bank loans 302,592 416,592
Hire purchase contracts 47,003 15,077
349,595 431,669

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years 28,992 51,792

9. SECURED DEBTS

The following secured debts are included within creditors:

28.3.23 28.3.22
£    £   
Bank loans 317,792 431,792
Hire purchase contracts 76,309 25,833
394,101 457,625

Net obligations under finance leases and hire purchase contracts are secured on the assets to which they relate.

Aquatic Control Engineering Limited (Registered number: 03108353)

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

10. RELATED PARTY DISCLOSURES

At the balance sheet date, Mr and Mrs Van Nieuwenhuyzen are owed by the company £15,000 (2022 - £15,000l).

During the year the company paid rent for the use of premises to Mr and Mrs Van Nieuwenhuyzen amounting to £32,700 (2022 - £30,000).
.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr and Mrs Van Nieuwenhuyzen.