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REGISTERED NUMBER: 11262413 (England)















Financial Statements

for the Year Ended 31 December 2023

for

Aquatherm U.K. Limited

Aquatherm U.K. Limited (Registered number: 11262413)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Aquatherm U.K. Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M J Cutting



REGISTERED OFFICE: Unit 9
Saracen Close
Gillingham Business Park
Gillingham
Kent
ME8 0QN



REGISTERED NUMBER: 11262413 (England)



SENIOR STATUTORY AUDITOR: Caroline Peverett BA FCA



AUDITORS: Tuerner Audit Limited
Bridge House
Old Grantham Road
Whatton
Nottingham
NG13 9FG

Aquatherm U.K. Limited (Registered number: 11262413)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 141,008 90,242

CURRENT ASSETS
Stocks 566,358 486,874
Debtors 6 539,124 558,256
Cash at bank 179,200 148,459
1,284,682 1,193,589
CREDITORS
Amounts falling due within one year 7 3,223,262 2,509,620
NET CURRENT LIABILITIES (1,938,580 ) (1,316,031 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,797,572

)

(1,225,789

)

CREDITORS
Amounts falling due after more than one
year

8

13,427

24,167
NET LIABILITIES (1,810,999 ) (1,249,956 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings (1,811,000 ) (1,249,957 )
SHAREHOLDERS' FUNDS (1,810,999 ) (1,249,956 )

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 director and authorised for issue on 19 August 2024 and were signed by:





M J Cutting - Director


Aquatherm U.K. Limited (Registered number: 11262413)

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


1. STATUTORY INFORMATION

Aquatherm U.K. Limited is a private company, limited by shares , registered in England. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared under the going concern concept due to the fact that the company has the continued support of the group. The director has been given assurance that this support will continue for the foreseeable future.

Turnover
Turnover represents the following items:

Invoices raised, excluding value added tax for the sale of goods, parts and prefabricated items, and;

The value of work done determined by reference to the stage of completion of contracts for the installation of goods, parts and prefabricated items.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings- 10% on cost
Fixtures and fittings- 25% on cost
Computer equipment- 25% and 33% on cost
Motor Vehicles- 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 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.

Aquatherm U.K. Limited (Registered number: 11262413)

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


3. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 7 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 80,926 96,275 177,201
Additions 6,870 83,936 90,806
At 31 December 2023 87,796 180,211 268,007
DEPRECIATION
At 1 January 2023 31,543 55,416 86,959
Charge for year 8,346 31,694 40,040
At 31 December 2023 39,889 87,110 126,999
NET BOOK VALUE
At 31 December 2023 47,907 93,101 141,008
At 31 December 2022 49,383 40,859 90,242

6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 325,432 416,021
Other debtors 141,858 70,401
467,290 486,422

Amounts falling due after more than one year:
Other debtors 71,834 71,834

Aggregate amounts 539,124 558,256

Aquatherm U.K. Limited (Registered number: 11262413)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,740 10,000
Trade creditors 67,673 25,336
Amounts owed to group undertakings 3,015,296 2,374,676
Taxation and social security 75,445 63,100
Other creditors 54,108 36,508
3,223,262 2,509,620

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 13,427 24,167

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 91,244 70,827
Between one and five years 305,724 17,229
396,968 88,056

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary 1 1 1

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Caroline Peverett BA FCA (Senior Statutory Auditor)
for and on behalf of Tuerner Audit Limited

12. PARENT COMPANY

The company's results are included in the consolidated accounts of its immediate parent Aquatherm GmbH registered in Germany whose registered office is:

Biggen 5
57439 Attendorn
Germany

The company's ultimate parent is Aquatherm Besitzgesellschaft GmbH & Co. KG is registered in Germany,