Relate AccountsProduction v2.7.3 v2.7.3 2022-12-01 The company was not dormant during the period The company was trading for the entire period FRS 105 Accounts The principal activity of this company is that of manufacture and retail of hogh performance sportswear. 19 August 2024 1 1 NI633125 2023-11-30 NI633125 2022-11-30 NI633125 2021-11-30 NI633125 2022-12-01 2023-11-30 NI633125 2021-12-01 2022-11-30 NI633125 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 NI633125 uk-curr:PoundSterling 2022-12-01 2023-11-30 NI633125 uk-bus:FullAccounts 2022-12-01 2023-11-30 NI633125 uk-bus:Director1 2022-12-01 2023-11-30 NI633125 uk-bus:Agent1 2022-12-01 2023-11-30 NI633125 uk-bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 NI633125 uk-core:CapitalReserve 2023-11-30 NI633125 uk-core:CapitalReserve 2022-11-30 NI633125 2022-12-01 2023-11-30 NI633125 uk-bus:Micro-entities 2022-12-01 2023-11-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Aquatec Sports Ltd
 
Unaudited Financial Statements
 
for the financial year ended 30 November 2023



Aquatec Sports Ltd
DIRECTOR AND OTHER INFORMATION

 
Director Kieran Gallagher
 
 
Company Registration Number NI633125
 
 
Business Address 402 Clipper Quay Strand Road
Derry
Derry
BT48 7NR
Northern  Ireland
 
 
Accountants Kelly and Co
16 Patrick Street
Strabane
BT82 8DG
United Kingdom



Aquatec Sports Ltd

ACCOUNTANTS' REPORT
to the Director on the Compilation of the unaudited financial statements of Aquatec Sports Ltd
for the financial year ended 30 November 2023
 
In accordance with our engagement letter dated 19 August 2024 and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 30 November 2023 as set on pages 5 to 7 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
 
This report is made solely to the director of Aquatec Sports Ltd, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Director that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its director for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the balance sheet for the year ended 30 November 2023 your duty to ensure that Aquatec Sports Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Aquatec Sports Ltd. You consider that Aquatec Sports Ltd is exempt from the statutory audit requirement for the financial year.
 
We have not been instructed to carry out an audit or a review of the financial statements of Aquatec Sports Ltd. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
 
 
__________________________________
KELLY AND CO
16 Patrick Street
Strabane
BT82 8DG
United Kingdom
 
19 August 2024



Aquatec Sports Ltd
INCOME STATEMENT
for the financial year ended 30 November 2023
2023 2022
£ £

Turnover 33,017 57,738
Other income 104 2
Cost of raw materials and consumables (16,593) (30,594)
Staff costs (8,580) (8,580)
Depreciation and other amounts written off assets (794) (993)
Other charges (7,855) (14,991)
Tax (18) (128)
───────── ─────────
(Loss)/profit (719) 2,454
═════════ ═════════



Aquatec Sports Ltd
Company Registration Number: NI633125
STATEMENT OF FINANCIAL POSITION
as at 30 November 2023

    2023   2022
  £   £
 
Fixed Assets 3,175   3,969
  ─────────   ─────────
Current assets 24,477   32,748
Creditors: amounts falling due within one year (18,563)   (26,909)
  ─────────   ─────────
Net Current Assets 5,914   5,839
  ─────────   ─────────
Total Assets less Current Liabilities 9,089   9,808
Accruals and deferred income (1,200)   (1,200)
  ─────────   ─────────
Net Assets 7,889   8,608
  ═════════   ═════════
 
Capital and Reserves 7,889   8,608
  ═════════   ═════════
 
Notes to the financial statements
   
1. General Information
 
Aquatec Sports Ltd is a company limited by shares incorporated in Northern Ireland. The registered office of the company is  which is also the principal place of business of the company. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
       
2. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2022 - 1).
 
  2023 2022
  Number Number
 
Directors 1 1
  ═════════ ═════════
   
3. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.
     
For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
 
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
 
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
 
These financial statements have been prepared in accordance with the provisions available to micro-entities in Part 15 of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
 
Approved by the Director on 19 August 2024 and signed by:
   
________________________________  
Kieran Gallagher  
Director  



Aquatec Sports Ltd
SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
TRADING STATEMENT
for the financial year ended 30 November 2023
2023 2022
£ £

Sales 33,017 57,738
───────── ─────────
       
Cost of sales
Opening stock 5,550   5,460
Purchases 17,043 30,684
  ─────────   ─────────
  22,593   36,144
Closing stock (6,000)   (5,550)
  ─────────   ─────────
  16,593   30,594
  ─────────   ─────────
       
Gross profit 16,424   27,144
  ─────────   ─────────
Gross profit Percentage 49.7%   47.0%
  ─────────   ─────────
       
Administrative expenses
Director's Remuneration 8,580   8,580
Rent payable 3,783 3,900
Insurance 492 361
Printing, postage and stationery 274 3,139
Advertising 873 897
Telephone 534 526
Motor expenses 284 4,966
Accountancy 1,200 1,000
Bank charges 415 210
Profit/loss on exchange - (8)
Depreciation of tangible assets 794   993
  ─────────   ─────────
  17,229   24,564
  ─────────   ─────────
       
Miscellaneous income
Other interest 104   2
  ─────────   ─────────
       
Net (loss)/profit (701)   2,582
  ═════════   ═════════