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REGISTERED NUMBER: 05168645 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

AQUA PACIFIC (UK) LIMITED

AQUA PACIFIC (UK) LIMITED (REGISTERED NUMBER: 05168645)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AQUA PACIFIC (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr M Winter
Mr D Kong





REGISTERED OFFICE: S2 Mill House Centre
108 Commercial Road
Totton
Southampton
Hampshire
SO40 3AE





REGISTERED NUMBER: 05168645 (England and Wales)





ACCOUNTANTS: TBW Accountancy Limited
S2 Mill House Centre
108 Commercial Road
Totton
Southampton
Hampshire
SO40 3AE

AQUA PACIFIC (UK) LIMITED (REGISTERED NUMBER: 05168645)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 116,096 137,195

CURRENT ASSETS
Stocks 5 1,483,838 1,873,404
Debtors 6 1,458,388 1,775,095
Cash at bank and in hand 266,814 379,974
3,209,040 4,028,473
CREDITORS
Amounts falling due within one year 7 5,810,952 6,710,291
NET CURRENT LIABILITIES (2,601,912 ) (2,681,818 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,485,816

)

(2,544,623

)

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (2,485,826 ) (2,544,633 )
SHAREHOLDERS' FUNDS (2,485,816 ) (2,544,623 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 14 February 2024 and were signed on its behalf by:





Mr M Winter - Director


AQUA PACIFIC (UK) LIMITED (REGISTERED NUMBER: 05168645)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Aqua Pacific (UK) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis. The company is reliant on the continuing support of its creditors. The directors are of the opinion that the company will continue to trade for the foreseeable future and it is for this reason that the directors believe that the accounts should be prepared on a going concern basis.

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 reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% 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.

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.

AQUA PACIFIC (UK) LIMITED (REGISTERED NUMBER: 05168645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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 21 (2022 - 23 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 213,928 26,189 74,096 69,449 383,662
Additions 4,156 - - 851 5,007
At 30 June 2023 218,084 26,189 74,096 70,300 388,669
DEPRECIATION
At 1 July 2022 146,092 21,748 19,403 59,224 246,467
Charge for year 10,087 622 12,210 3,187 26,106
At 30 June 2023 156,179 22,370 31,613 62,411 272,573
NET BOOK VALUE
At 30 June 2023 61,905 3,819 42,483 7,889 116,096
At 30 June 2022 67,836 4,441 54,693 10,225 137,195

5. STOCKS
2023 2022
£    £   
Stocks 1,483,838 1,873,404

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 522,088 539,840
Other debtors 91,404 532,284
Deferred tax 770,097 559,812
Prepayments and accrued income 74,799 143,159
1,458,388 1,775,095

AQUA PACIFIC (UK) LIMITED (REGISTERED NUMBER: 05168645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,615,156 6,548,741
Tax 1,574 1,574
Social security and other taxes 64,240 37,810
Accruals and deferred income 129,982 122,166
5,810,952 6,710,291

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 244,137 178,472
Between one and five years 998,300 -
In more than five years 1,123,088 -
2,365,525 178,472

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Mr M Winter
Balance outstanding at start of year 6,648 13,295
Amounts repaid - (6,647 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,648 6,648

10. ULTIMATE CONTROLLING PARTY

The company is a 90% subsidiary of Kongs (UK) Limited which is owned 100% by Mr D Kong, and as such the company is under his ultimate control.