0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023 26,600 23,715 21,600 28,715 5,320 5,743 4,320 6,743 21,972 21,280 xbrli:pure xbrli:shares iso4217:GBP 13660779 2022-11-01 2023-10-31 13660779 2023-10-31 13660779 2022-10-31 13660779 2021-11-01 2022-10-31 13660779 2022-10-31 13660779 2021-10-31 13660779 bus:Director1 2022-11-01 2023-10-31 13660779 core:MotorVehicles 2022-10-31 13660779 core:MotorVehicles 2023-10-31 13660779 core:MotorVehicles 2022-11-01 2023-10-31 13660779 core:WithinOneYear 2023-10-31 13660779 core:WithinOneYear 2022-10-31 13660779 core:ShareCapital 2022-10-31 13660779 core:RetainedEarningsAccumulatedLosses 2023-10-31 13660779 core:RetainedEarningsAccumulatedLosses 2022-10-31 13660779 core:MotorVehicles 2022-10-31 13660779 bus:SmallEntities 2022-11-01 2023-10-31 13660779 bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 13660779 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 13660779 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 13660779 bus:FullAccounts 2022-11-01 2023-10-31
COMPANY REGISTRATION NUMBER: 13660779
AQUACLEAN GROUP LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 October 2023
AQUACLEAN GROUP LIMITED
STATEMENT OF FINANCIAL POSITION
31 October 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
5
21,972
21,280
Current assets
Debtors
6
48,911
34,453
Cash at bank and in hand
43,441
41,114
---------
---------
92,352
75,567
Creditors: amounts falling due within one year
7
( 47,380)
( 41,216)
---------
---------
Net current assets
44,972
34,351
---------
---------
Total assets less current liabilities
66,944
55,631
---------
---------
Net assets
66,944
55,631
---------
---------
Capital and reserves
Called up share capital
2
Profit and loss account
66,944
55,629
---------
---------
Shareholders funds
66,944
55,631
---------
---------
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 comprehensive income has not been delivered.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
AQUACLEAN GROUP LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 October 2023
These financial statements were approved by the board of directors and authorised for issue on 24 July 2024 , and are signed on behalf of the board by:
Mr B Hows
Director
Company registration number: 13660779
AQUACLEAN GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 63 Elmwood Road, Croydon, CR0 2SX.
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2022: Nil).
5. Tangible assets
Motor vehicles
£
Cost
At 1 November 2022
26,600
Additions
23,715
Disposals
( 21,600)
---------
At 31 October 2023
28,715
---------
Depreciation
At 1 November 2022
5,320
Charge for the year
5,743
Disposals
( 4,320)
---------
At 31 October 2023
6,743
---------
Carrying amount
At 31 October 2023
21,972
---------
At 31 October 2022
21,280
---------
6. Debtors
2023
2022
£
£
Trade debtors
48,911
34,453
---------
---------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
8,042
442
Corporation tax
4,647
8,583
Social security and other taxes
13,473
13,091
Other creditors - desc in a/cs
2,139
Other creditors
19,079
19,100
---------
---------
47,380
41,216
---------
---------
8. Director's advances, credits and guarantees
No transactions with directors were undertaken such as are required to be disclosed under FRS102 section 1A.