Company Registration No. 05249909 (England and Wales)
Aqualight UK Limited
Filleted accounts
for the year ended 31 August 2023
Aqualight UK Limited
Filleted accounts
Contents
Aqualight UK Limited
Company Information
for the year ended 31 August 2023
Directors
Graham Richard Kitson
Emmaline April Kitson
Company Number
05249909 (England and Wales)
Registered Office
8a Glassthorpe Lane
Harpole
Northampton
NN7 4DU
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
Aqualight UK Limited
Statement of financial position
as at 31 August 2023
Tangible assets
35,031
3,789
Cash at bank and in hand
77,348
125,937
Creditors: amounts falling due within one year
(91,279)
(105,633)
Net current (liabilities)/assets
(6,002)
37,015
Total assets less current liabilities
29,029
40,804
Creditors: amounts falling due after more than one year
(29,027)
(37,822)
Called up share capital
2
2
Profit and loss account
-
2,980
Shareholders' funds
2
2,982
For the year ending 31 August 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 responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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.
The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by
Graham Richard Kitson
Director
Company Registration No. 05249909
Aqualight UK Limited
Notes to the Accounts
for the year ended 31 August 2023
Aqualight UK Limited is a private company, limited by shares, registered in England and Wales, registration number 05249909. The registered office is 8a Glassthorpe Lane, Harpole, Northampton, NN7 4DU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Aqualight UK Limited
Notes to the Accounts
for the year ended 31 August 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2022
8,437
-
8,437
At 31 August 2023
8,437
40,000
48,437
At 1 September 2022
4,648
-
4,648
Charge for the year
758
8,000
8,758
At 31 August 2023
5,406
8,000
13,406
At 31 August 2023
3,031
32,000
35,031
At 31 August 2022
3,789
-
3,789
Amounts falling due within one year
Amounts due from group undertakings etc.
1,455
11,589
Accrued income and prepayments
542
-
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
27,764
-
Obligations under finance leases and hire purchase contracts
10,140
-
Trade creditors
5,108
29,418
Taxes and social security
12,086
33,734
Other creditors
8,030
10,452
Loans from directors
8,401
8,676
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
29,027
-
Aqualight UK Limited
Notes to the Accounts
for the year ended 31 August 2023
Allotted, called up and fully paid:
100 Ordinary shares A of £0.01 each
1
1
100 Ordinary shares B of £0.01 each
1
1
9
Average number of employees
During the year the average number of employees was 25 (2022: 20).