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Company Registration No. 08920058 (England and Wales)
Aqua Force Heating Ltd Unaudited accounts for the year ended 31 March 2023
Aqua Force Heating Ltd Unaudited accounts Contents
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Aqua Force Heating Ltd Company Information for the year ended 31 March 2023
Director
Vishal Patel
Company Number
08920058 (England and Wales)
Registered Office
19 Trevelyan Crescent Harrow HA3 0RN England
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Aqua Force Heating Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
600 
1,200 
Tangible assets
7,337 
9,568 
7,937 
10,768 
Current assets
Inventories
1,100 
2,750 
Debtors
6,051 
10,983 
Cash at bank and in hand
62,125 
62,813 
69,276 
76,546 
Creditors: amounts falling due within one year
(51,741)
(75,958)
Net current assets
17,535 
588 
Total assets less current liabilities
25,472 
11,356 
Creditors: amounts falling due after more than one year
- 
(2,690)
Provisions for liabilities
Deferred tax
(1,410)
(2,046)
Net assets
24,062 
6,620 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
23,962 
6,520 
Shareholders' funds
24,062 
6,620 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 November 2023 and were signed on its behalf by
Vishal Patel Director Company Registration No. 08920058
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Aqua Force Heating Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Aqua Force Heating Ltd is a private company, limited by shares, registered in England and Wales, registration number 08920058. The registered office is 19 Trevelyan Crescent, Harrow, HA3 0RN, England.
2
Compliance with accounting standards
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The financial statements have been prepared under the historical cost convention. The principle accounting policies adopted in the preparation of these financial statements are set out below and have remained unchanged from the previous year and also have been consistently applied within the same accounts.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance.
Intangible fixed 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.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Aqua Force Heating Ltd Notes to the Accounts for the year ended 31 March 2023
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss. At each reporting date non-financial assets not carried at fair value, like plant, property and equipment are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount, then this is used.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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 statement of financial position date. Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Aqua Force Heating Ltd Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Total 
£ 
Cost
At 1 April 2022
6,000 
At 31 March 2023
6,000 
Amortisation
At 1 April 2022
4,800 
Charge for the year
600 
At 31 March 2023
5,400 
Net book value
At 31 March 2023
600 
At 31 March 2022
1,200 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2022
23,601 
Additions
250 
Disposals
(350)
At 31 March 2023
23,501 
Depreciation
At 1 April 2022
14,033 
Charge for the year
2,446 
On disposals
(315)
At 31 March 2023
16,164 
Net book value
At 31 March 2023
7,337 
At 31 March 2022
9,568 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
6,966 
9,289 
6
Average number of employees
During the year the average number of employees was 1 (2022: 2).
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