2022-12-01 2023-11-30 01670834 AQUASCAN INTERNATIONAL LIMITED false 01670834 2022-12-01 2023-11-30 01670834 uk-bus:Director1 2022-12-01 2023-11-30 01670834 uk-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 01670834 uk-bus:SmallEntities 2022-12-01 2023-11-30 01670834 uk-bus:FullAccounts 2022-12-01 2023-11-30 01670834 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 01670834 2022-12-01 01670834 2023-11-30 01670834 2022-11-30 xbrli:pure iso4217:GBP 01670834 2021-12-01 2022-11-30
Company Registration Number : 01670834 (England and Wales)
01670834
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-11-30
false
AQUASCAN INTERNATIONAL LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-12-01
AQUASCAN INTERNATIONAL LIMITED
Unaudited filleted financial statements
For the year ended 30 November 2023
AQUASCAN INTERNATIONAL LIMITED
Contents
For the year ended 30 November 2023

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


AQUASCAN INTERNATIONAL LIMITED
Company Information
For the year ended 30 November 2023

Company registration number 01670834 (England and Wales)
Directors J R Williams
J Williams
Company secretary J Williams
Registered office address Aquascan House
27a Hill Street
Newport
South Wales
NP20 1LZ
UK
Accountant Phil Bessant Limited
Chartered Management Accountants
Agincourt House
14 Clytha Park Road
Newport
NP20 4PB
UK
AQUASCAN INTERNATIONAL LIMITED
Statement of Financial Position
For the year ended 30 November 2023

2023 2022
Notes £ £
Fixed assets
Intangible assets - -
Property, plant and equipment 7,690 7,901
6 7,690 7,901
Current assets
Inventories 39,347 39,347
Debtors 45,707 40,484
Cash and cash equivalents 51,087 24,549
136,140 104,379
Current liabilities
Creditors: Amounts falling due within one year (66,154) (61,179)
Corporation tax payable (1,788) -
(67,943) (61,179)
Net current assets/(liabilities) 68,198 43,200
Total assets less current liabilities 75,888 51,101
Non-current liabilities
Provision for liabilities (3,635) (3,635)
Net assets/(liabilities) 72,253 47,466
Capital and reserves
Called up share capital 200 200
Retained earnings 72,053 47,266
Shareholder's funds 72,253 47,466
For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 09 May 2024
.............................
J R Williams (Director)
Company registration number: 01670834
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-11-30 30 November 2023
2023 2022
£ £
Fixed Assets 7,690 7,901
Current Assets 132,120 101,616
Prepayments and accrued income 4,020 2,763
Creditors: amounts falling due within one year (67,943) (61,179)
Net current assets (liabilities) 68,198 43,200
Total assets less current liabilities 75,888 51,101
Provisions for liabilities (3,635) (3,635)
Net Assets (liabilities) 72,253 47,466
Capital and Reserves 72,253 47,466
For the year ending 30/11/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 30-11-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 09 May 2024 2024-05-09 and signed on behalf of the board,
.............................
J R Williams
Director
Company registration number: 01670834
AQUASCAN INTERNATIONAL LIMITED
Notes to the Financial Statements
For the year ended 30 November 2023

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Aquascan House, 27a Hill Street, Newport, South Wales, NP20 1LZ.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Patents
Patents is stated at cost less accumulated depreciation and any accumulated impairment losses. It is amortised over its estimated life of NIL years using the straight-line method. If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new expectations.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery15% reducing balance
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles25% reducing balance
Fixtures and Fittings15% reducing balance
Equipment15% reducing balance
Motor Cars
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(4) Critical accounting judgements and key sources of estimation uncertainty

(5) Employees
During the year, the average number of employees including director was 5 (2022 : 4).

(6) Fixed assets
Intangible

£
Tangible

£
Totals

£
Cost
As at 01 December 202255,898190,510246,408
Additions-1,0231,023
As at 30 November 202355,898191,533247,431
Depreciation/Amortisation
As at 01 December 202255,898184,157240,055
For the year-(314)(314)
As at 30 November 202355,898183,843239,741
Net book value
As at 30 November 2023-7,6907,690
As at 30 November 2022-6,3536,353