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REGISTERED NUMBER: 02978308 (England and Wales)












Aqueous Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Aqueous Limited (Registered number: 02978308)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Aqueous Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs L C Austin
L T Austin





SECRETARY: Mrs L C Austin





REGISTERED OFFICE: 46-48 Bell Street
Princes Risborough
Buckinghamshire
HP27 0AD





REGISTERED NUMBER: 02978308 (England and Wales)





ACCOUNTANTS: Clarkson Cleaver & Bowes Ltd
8a Wingbury Courtyard
Business Village
Wingrave
Buckinghamshire
HP22 4LW

Aqueous Limited (Registered number: 02978308)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,408 13,597

CURRENT ASSETS
Stocks 37,463 35,500
Debtors 5 8,337 19,304
Cash at bank and in hand 100,576 103,136
146,376 157,940
CREDITORS
Amounts falling due within one
year

6

128,398

99,951
NET CURRENT ASSETS 17,978 57,989
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,386

71,586

CREDITORS
Amounts falling due after more
than one year

7

8,362

18,175
NET ASSETS 21,024 53,411

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 20,924 53,311
SHAREHOLDERS' FUNDS 21,024 53,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Aqueous Limited (Registered number: 02978308)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by:





Mrs L C Austin - Director


Aqueous Limited (Registered number: 02978308)

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

1. STATUTORY INFORMATION

Aqueous 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% 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 Income Statement.

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 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 and that are expected to apply to the reversal of the timing difference.

Current or deferred taxation liabilities are not discounted.

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 2 (2022 - 2 ) .

Aqueous Limited (Registered number: 02978308)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023 136,870 20,081 156,951
Additions 1,337 - 1,337
At 31 December 2023 138,207 20,081 158,288
DEPRECIATION
At 1 January 2023 126,310 17,044 143,354
Charge for year 2,956 570 3,526
At 31 December 2023 129,266 17,614 146,880
NET BOOK VALUE
At 31 December 2023 8,941 2,467 11,408
At 31 December 2022 10,560 3,037 13,597

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,337 19,304

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,840 8,000
Trade creditors 31,657 56,387
Taxation and social security 18,347 17,019
Other creditors 71,554 18,545
128,398 99,951

Included in creditors due inside one year is an amount of £55,520 (2022: £6,308) in deferred income. This relates to deposits taken around the year end for goods to be ordered.

Also included in creditors due inside one year is an amount of £14,133 (2022: £29,706) owed to Aqueous (Fitted Bathrooms) II Ltd, a company owned by the directors.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 8,362 18,175

Aqueous Limited (Registered number: 02978308)

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

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 22,412 18,250
Between one and five years 3,967 21,291
26,379 39,541

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 15,202 26,175

The loan is guaranteed by the UK government under the Bounce Back Loan Scheme.