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COMPANY REGISTRATION NUMBER: 4880070
Aquaworld Bathrooms Limited
Filleted Unaudited Financial Statements
31 August 2022
Aquaworld Bathrooms Limited
Statement of Financial Position
31 August 2022
2022
2021
Note
£
£
£
Current assets
Stocks
14,517
42,404
Debtors
4
529
Cash at bank and in hand
4,436
5,444
--------
--------
18,953
48,377
Creditors: amounts falling due within one year
5
136,949
159,510
---------
---------
Net current liabilities
117,996
111,133
---------
---------
Total assets less current liabilities
( 117,996)
( 111,133)
Creditors: amounts falling due after more than one year
6
16,000
22,013
---------
---------
Net liabilities
( 133,996)
( 133,146)
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 134,096)
( 133,246)
---------
---------
Shareholders deficit
( 133,996)
( 133,146)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Aquaworld Bathrooms Limited
Statement of Financial Position (continued)
31 August 2022
These financial statements were approved by the board of directors and authorised for issue on 23 November 2023 , and are signed on behalf of the board by:
Mrs M Gupta
S Gupta Esq
Director
Director
Company registration number: 4880070
Aquaworld Bathrooms Limited
Notes to the Financial Statements
Year ended 31 August 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is TML House, 1a The Anchorage, Gosport, Hampshire, PO12 1LY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on the basis of going concern as the business has the continued support of the director.
Judgements and key sources of estimation uncertainty
No significant judgements have been made by the director in preparing these financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Debtors
2022
2021
£
£
Trade debtors
529
----
----
5. Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
6,129
5,990
Trade creditors
87,366
55,725
Social security and other taxes
5,536
2,649
Other creditors
37,918
95,146
---------
---------
136,949
159,510
---------
---------
6. Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
16,000
22,013
--------
--------
7. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2022
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
S Gupta Esq
( 31,223)
( 3,119)
( 34,342)
--------
-------
--------
2021
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
S Gupta Esq
( 30,698)
( 525)
( 31,223)
--------
----
--------