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REGISTERED NUMBER: 10793350 (England and Wales)










Aqua Marine Solutions Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2023






Aqua Marine Solutions Ltd (Registered number: 10793350)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Aqua Marine Solutions Ltd

Company Information
for the year ended 31 May 2023







DIRECTOR: Mr R J Lee





REGISTERED OFFICE: 5 Llys Tegid
Rhyl
Denbighshire
LL18 4EX





REGISTERED NUMBER: 10793350 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Aqua Marine Solutions Ltd (Registered number: 10793350)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,102 2,046

CURRENT ASSETS
Debtors 5 5,795 25,989
Cash at bank - 108
5,795 26,097
CREDITORS
Amounts falling due within one year 6 16,636 17,669
NET CURRENT (LIABILITIES)/ASSETS (10,841 ) 8,428
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,261

10,474

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 23,259 10,472
23,261 10,474

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 director and authorised for issue on 22 February 2024 and were signed by:





Mr R J Lee - Director


Aqua Marine Solutions Ltd (Registered number: 10793350)

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

1. STATUTORY INFORMATION

Aqua Marine Solutions 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. 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.
Plant and machinery etc - 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Aqua Marine Solutions Ltd (Registered number: 10793350)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 6,584
Additions 33,911
At 31 May 2023 40,495
DEPRECIATION
At 1 June 2022 4,538
Charge for year 1,855
At 31 May 2023 6,393
NET BOOK VALUE
At 31 May 2023 34,102
At 31 May 2022 2,046

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 999
Other debtors 5,795 24,990
5,795 25,989

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5 -
Taxation and social security 15,491 16,894
Other creditors 1,140 775
16,636 17,669