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REGISTERED NUMBER: 06219745 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2024

for

AQUATONICS (UK) LIMITED

AQUATONICS (UK) LIMITED (REGISTERED NUMBER: 06219745)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AQUATONICS (UK) LIMITED

Company Information
for the year ended 31 March 2024







DIRECTOR: K Pullen





SECRETARY: Mrs P Pullen





REGISTERED OFFICE: c/o MGB Accountants - Suite 22
Trym Lodge, 1 Henbury Road
Westbury-on-Trym
Bristol
BS9 3HQ





REGISTERED NUMBER: 06219745 (England and Wales)





ACCOUNTANTS: Mitchell Glanville (Bristol) Limited
c/o MGB Accountants - Suite 22
Trym Lodge, 1 Henbury Road
Westbury-on-Trym
Bristol
BS9 3HQ

AQUATONICS (UK) LIMITED (REGISTERED NUMBER: 06219745)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 22,824 28,535
22,824 28,535

CURRENT ASSETS
Stocks 11,814 25,750
Debtors 6 259,328 163,150
Cash at bank 14,562 41,386
285,704 230,286
CREDITORS
Amounts falling due within one year 7 257,224 152,450
NET CURRENT ASSETS 28,480 77,836
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,304

106,371

CREDITORS
Amounts falling due after more than one year 8 (45,289 ) (80,796 )

PROVISIONS FOR LIABILITIES (5,706 ) (16,263 )
NET ASSETS 309 9,312

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 307 9,310
SHAREHOLDERS' FUNDS 309 9,312

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.

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 17 June 2024 and were signed by:





K Pullen - Director


AQUATONICS (UK) LIMITED (REGISTERED NUMBER: 06219745)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Aquatonics (UK) 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 2007, is being amortised evenly over its estimated useful life of five 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on cost and 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

AQUATONICS (UK) LIMITED (REGISTERED NUMBER: 06219745)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 118,000
AMORTISATION
At 1 April 2023
and 31 March 2024 118,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 30,817 31,359 105,845 168,021
Additions - 1,455 - 1,455
At 31 March 2024 30,817 32,814 105,845 169,476
DEPRECIATION
At 1 April 2023 29,993 26,552 82,941 139,486
Charge for year 206 1,234 5,726 7,166
At 31 March 2024 30,199 27,786 88,667 146,652
NET BOOK VALUE
At 31 March 2024 618 5,028 17,178 22,824
At 31 March 2023 824 4,807 22,904 28,535

AQUATONICS (UK) LIMITED (REGISTERED NUMBER: 06219745)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 64,760
DEPRECIATION
At 1 April 2023 51,715
Charge for year 3,261
At 31 March 2024 54,976
NET BOOK VALUE
At 31 March 2024 9,784
At 31 March 2023 13,045

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 188,665 154,830
Amounts owed by group undertakings 55,000 -
Other debtors 15,663 8,320
259,328 163,150

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 32,000 32,000
Hire purchase contracts 3,507 3,507
Trade creditors 172,488 36,656
Amounts owed to group undertakings - 67,500
Taxation and social security 48,544 11,966
Other creditors 685 821
257,224 152,450

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 37,333 69,333
Hire purchase contracts 7,956 11,463
45,289 80,796