Koster Aquatecnic Limited 04117715 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the sale of waterproofing and other products used in the construction industry and related trades. Digita Accounts Production Advanced 6.30.9574.0 true 04117715 2023-01-01 2023-12-31 04117715 2023-12-31 04117715 bus:OrdinaryShareClass1 2023-12-31 04117715 core:RetainedEarningsAccumulatedLosses 2023-12-31 04117715 core:ShareCapital 2023-12-31 04117715 core:CurrentFinancialInstruments 2023-12-31 04117715 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 04117715 core:Non-currentFinancialInstruments 2023-12-31 04117715 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 04117715 core:MoreThanFiveYears 1 2023-12-31 04117715 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 04117715 core:MotorVehicles 2023-12-31 04117715 core:OfficeEquipment 2023-12-31 04117715 bus:SmallEntities 2023-01-01 2023-12-31 04117715 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04117715 bus:FullAccounts 2023-01-01 2023-12-31 04117715 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04117715 bus:RegisteredOffice 2023-01-01 2023-12-31 04117715 bus:CompanySecretary1 2023-01-01 2023-12-31 04117715 bus:Director1 2023-01-01 2023-12-31 04117715 bus:Director3 2023-01-01 2023-12-31 04117715 bus:Director6 2023-01-01 2023-12-31 04117715 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 04117715 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04117715 core:LandBuildings 2023-01-01 2023-12-31 04117715 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04117715 core:MotorVehicles 2023-01-01 2023-12-31 04117715 core:OfficeEquipment 2023-01-01 2023-12-31 04117715 countries:EnglandWales 2023-01-01 2023-12-31 04117715 2022-12-31 04117715 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 04117715 core:MotorVehicles 2022-12-31 04117715 core:OfficeEquipment 2022-12-31 04117715 2022-01-01 2022-12-31 04117715 2022-12-31 04117715 bus:Director1 1 2022-12-31 04117715 bus:OrdinaryShareClass1 2022-12-31 04117715 core:RetainedEarningsAccumulatedLosses 2022-12-31 04117715 core:ShareCapital 2022-12-31 04117715 core:CurrentFinancialInstruments 2022-12-31 04117715 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 04117715 core:Non-currentFinancialInstruments 2022-12-31 04117715 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 04117715 core:MoreThanFiveYears 1 2022-12-31 04117715 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 04117715 core:MotorVehicles 2022-12-31 04117715 core:OfficeEquipment 2022-12-31 04117715 bus:Director1 1 2022-01-01 2022-12-31 04117715 bus:Director1 1 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04117715

Koster Aquatecnic Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Koster Aquatecnic Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 8

 

Koster Aquatecnic Limited

Company Information

Directors

N S M Day

B D Day

A J Lynn

Company secretary

B D Day

Registered office

Suite G
1 Elwick Road
Ashford
Kent
TN23 1PD

 

Koster Aquatecnic Limited

(Registration number: 04117715)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

205,394

221,477

 

205,394

221,477

Current assets

 

Stocks

118,465

106,661

Debtors

5

512,374

197,830

Cash at bank and in hand

 

72,509

502,624

 

703,348

807,115

Creditors: Amounts falling due within one year

6

(326,974)

(418,366)

Net current assets

 

376,374

388,749

Total assets less current liabilities

 

581,768

610,226

Creditors: Amounts falling due after more than one year

6

(52,945)

(57,333)

Provisions for liabilities

(824)

(8,557)

Net assets

 

527,999

544,336

Capital and reserves

 

Called up share capital

40,000

40,000

Profit and loss account

487,999

504,336

Total equity

 

527,999

544,336

 

Koster Aquatecnic Limited

(Registration number: 04117715)
Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 August 2024 and signed on its behalf by:

 

.........................................

N S M Day

Director

 

Koster Aquatecnic Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite G
1 Elwick Road
Ashford
Kent
TN23 1PD

The principal place of business is:

The Mount Sydney
Craigs Road
Dumfries
DG1 4EU

These financial statements were authorised for issue by the Board on 27 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in pounds sterling, which is the company’s functional currency, rounded to the nearest whole pound.

Revenue recognition

Turnover comprises the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when:

- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity; and
- specific criteria have been met for each of the company's activities.

Government grants

The company recognises government grants in income when the conditions attached to a grant are met, and the company has reasonable assurance that the grant will be received. Where a government grant is unconditional then the company recognises the grant in income when it is receivable. If a government grant is received before the conditions attached to it are satisfied, the grant is recognised as a liability, and only released to income once the conditions are met.

Foreign currency transactions and balances

Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date and the gains or losses on translation are included in the profit and loss account.

Deferred tax

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Deferred taxation is calculated with reference to the tax rates expected to apply when the timing differences crystallise, based on current tax rates and law.

 

Koster Aquatecnic Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than freehold land, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold buildings and improvements

2% straight line, per annum

Equipment

25% straight line, per annum

Motor vehicles

15% - 25% straight line, per annum

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Asset financing and operating leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Rentals payable under operating leases are charged to the profit and loss account as incurred.

Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Defined contribution pension obligation

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.

Financial instruments

A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

Basic financial instruments are recognised at amortised cost. The company does not have any financial instruments which are not basic financial instruments.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2022 - 7).

 

Koster Aquatecnic Limited

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

4

Tangible assets

Freehold land, buildings and improvements
£

Equipment
£

Motor vehicles
 £

Total
£

Cost

At 1 January 2023

168,489

16,808

151,091

336,388

Additions

16,241

-

-

16,241

Disposals

-

(256)

-

(256)

At 31 December 2023

184,730

16,552

151,091

352,373

Depreciation

At 1 January 2023

13,323

14,844

86,744

114,911

Charge for the year

2,257

1,157

28,910

32,324

Eliminated on disposal

-

(256)

-

(256)

At 31 December 2023

15,580

15,745

115,654

146,979

Carrying amount

At 31 December 2023

169,150

807

35,437

205,394

At 31 December 2022

155,166

1,964

64,347

221,477

5

Debtors

Current

2023
£

2022
£

Trade debtors

495,158

196,462

Prepayments

17,216

1,368

 

512,374

197,830

 

Koster Aquatecnic Limited

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

6

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

6,084

6,413

Trade creditors

 

236,281

319,356

Taxation and social security

 

77,801

69,003

Other creditors

 

6,808

23,594

 

326,974

418,366

Due after one year

 

Loans and borrowings

7

52,945

57,333

2023
£

2022
£

After more than five years by instalments

23,469

28,925

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank borrowings

6,084

6,413

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

52,945

57,333

Security on loans and borrowings

Bank borrowings are secured by a fixed charge over the company's freehold land and buildings and fixed and floating charges over the company's assets and undertaking.

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

40,000

40,000

40,000

40,000

         

9

Related party transactions

Transactions with directors

Advances to directors and any debit balances on directors' loan accounts during the year ended 31 December 2022 were subject to interest at 2% per annum payable to the company. These advances and debit balances are unsecured and repayable on the company's demand.

 

Koster Aquatecnic Limited

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

2022

At 1 January 2022
£

Advances to director
£

Repayments by director
£

At 31 December 2022
£

N S M Day

Loan

-

100,000

(100,000)

-