IRIS Accounts Production v24.1.0.578 07335476 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073354762023-03-31073354762024-03-31073354762023-04-012024-03-31073354762022-03-31073354762022-04-012023-03-31073354762023-03-3107335476ns15:EnglandWales2023-04-012024-03-3107335476ns14:PoundSterling2023-04-012024-03-3107335476ns10:Director12023-04-012024-03-3107335476ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107335476ns10:SmallEntities2023-04-012024-03-3107335476ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107335476ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107335476ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107335476ns10:FullAccounts2023-04-012024-03-3107335476ns10:RegisteredOffice2023-04-012024-03-3107335476ns5:CurrentFinancialInstruments2024-03-3107335476ns5:CurrentFinancialInstruments2023-03-3107335476ns5:Non-currentFinancialInstruments2024-03-3107335476ns5:Non-currentFinancialInstruments2023-03-3107335476ns5:ShareCapital2024-03-3107335476ns5:ShareCapital2023-03-3107335476ns5:RetainedEarningsAccumulatedLosses2024-03-3107335476ns5:RetainedEarningsAccumulatedLosses2023-03-3107335476ns5:PlantMachinery2023-04-012024-03-3107335476ns5:PlantMachinery2023-03-3107335476ns5:PlantMachinery2024-03-3107335476ns5:PlantMachinery2023-03-3107335476ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3107335476ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 07335476 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

H2O AQUATICS LIMITED

H2O AQUATICS LIMITED (REGISTERED NUMBER: 07335476)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


H2O AQUATICS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J Brydon





REGISTERED OFFICE: The Granary
Brewer Street
Bletchingley
Surrey
RH1 4QP





REGISTERED NUMBER: 07335476 (England and Wales)





ACCOUNTANTS: Lees Chartered Accountants
The Granary
Brewer Street
Bletchingley
Surrey
RH1 4QP

H2O AQUATICS LIMITED (REGISTERED NUMBER: 07335476)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,455 63,477

CURRENT ASSETS
Stocks 115,000 135,000
Debtors 5 6,089 32,072
Cash at bank 9,019 10,026
130,108 177,098
CREDITORS
Amounts falling due within one year 6 77,095 122,858
NET CURRENT ASSETS 53,013 54,240
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,468

117,717

CREDITORS
Amounts falling due after more than one
year

7

97,836

116,864
NET ASSETS 6,632 853

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 6,629 850
SHAREHOLDERS' FUNDS 6,632 853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

H2O AQUATICS LIMITED (REGISTERED NUMBER: 07335476)

Statement of Financial Position - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 August 2024 and were signed by:





J Brydon - Director


H2O AQUATICS LIMITED (REGISTERED NUMBER: 07335476)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

H2O Aquatics 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.

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 - 25% on cost

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 Statement of Income and Retained Earnings, 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.

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.

H2O AQUATICS LIMITED (REGISTERED NUMBER: 07335476)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 141,136
DEPRECIATION
At 1 April 2023 77,659
Charge for year 12,022
At 31 March 2024 89,681
NET BOOK VALUE
At 31 March 2024 51,455
At 31 March 2023 63,477

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 7,998
Other debtors 6,089 24,074
6,089 32,072

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 9,786 9,786
Trade creditors 39,152 71,206
Taxation and social security 4,504 18,318
Other creditors 23,653 23,548
77,095 122,858

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 52,354 61,596
Hire purchase contracts 45,482 55,268
97,836 116,864