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REGISTERED NUMBER: 06674958 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Aqualeak Detection Limited

Aqualeak Detection Limited (Registered number: 06674958)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aqualeak Detection Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: S W Woods
Mrs K L Jones
Mr A E Jones
H E Little
A E Molloy
Mrs L M Woods





SECRETARY:





REGISTERED OFFICE: 1 Silver Street
Gastard
Corsham
Wiltshire
SN13 9PY





REGISTERED NUMBER: 06674958 (England and Wales)

Aqualeak Detection Limited (Registered number: 06674958)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 101,661 70,274
Tangible assets 5 43,003 35,430
144,664 105,704

CURRENT ASSETS
Stocks 179,458 120,351
Debtors 6 483,599 324,624
Cash at bank and in hand 260,000 361,505
923,057 806,480
CREDITORS
Amounts falling due within one year 7 220,838 191,443
NET CURRENT ASSETS 702,219 615,037
TOTAL ASSETS LESS CURRENT
LIABILITIES

846,883

720,741

CREDITORS
Amounts falling due after more than one
year

8

(30,787

)

(36,301

)

PROVISIONS FOR LIABILITIES (10,751 ) (8,924 )
NET ASSETS 805,345 675,516

CAPITAL AND RESERVES
Called up share capital 1,122 1,026
Share premium 16,173 16,173
Capital redemption reserve 27 27
Retained earnings 788,023 658,290
805,345 675,516

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

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

Aqualeak Detection Limited (Registered number: 06674958)

Balance Sheet - continued
31 October 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 26 July 2024 and were signed on its behalf by:





S W Woods - Director


Aqualeak Detection Limited (Registered number: 06674958)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Aqualeak Detection 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 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of ten years.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

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

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 - 12.5% on a straight line basis
Fixtures and fittings - 25% on straight line basis
Motor vehicles - 20% on straight line basis

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.

Research and development
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development
expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

Aqualeak Detection Limited (Registered number: 06674958)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

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.

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.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are
met. Where a grant does not specify performance conditions it is recognised in income when the proceeds
are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Development Computer
Goodwill costs software Totals
£    £    £    £   
COST
At 1 November 2022 50,000 81,042 21,765 152,807
Additions - 66,294 - 66,294
At 31 October 2023 50,000 147,336 21,765 219,101
AMORTISATION
At 1 November 2022 50,000 16,208 16,325 82,533
Amortisation for year - 29,467 5,440 34,907
At 31 October 2023 50,000 45,675 21,765 117,440
NET BOOK VALUE
At 31 October 2023 - 101,661 - 101,661
At 31 October 2022 - 64,834 5,440 70,274

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 50,129 34,337 - 84,466
Additions 3,601 3,117 11,665 18,383
At 31 October 2023 53,730 37,454 11,665 102,849
DEPRECIATION
At 1 November 2022 17,630 31,406 - 49,036
Charge for year 6,715 2,637 1,458 10,810
At 31 October 2023 24,345 34,043 1,458 59,846
NET BOOK VALUE
At 31 October 2023 29,385 3,411 10,207 43,003
At 31 October 2022 32,499 2,931 - 35,430

Aqualeak Detection Limited (Registered number: 06674958)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 411,134 285,400
Other debtors 34,466 28,011
VAT 7,066 -
Prepayments and accrued income 30,933 11,213
483,599 324,624

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,514 5,514
Trade creditors 155,793 116,325
Social security and other taxes 16,164 30,522
VAT - 3,721
Other creditors 24,613 17,869
Accruals and deferred income 18,754 17,492
220,838 191,443

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 30,787 36,301