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Registered Number: 14536441
England and Wales

 

 

 

AQUALAND (MIDLANDS) LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 12 December 2022

End date: 31 December 2023
Director Mrs Sarah Jane Andrioti
Registered Number 14536441
Registered Office First Floor, Hagley Court
40 Vicarage Road, Edgbaston
Birmingham
United Kingdom
B15 3EZ
Accountants Marneros Marcus & Co Limited
First Floor Hagley Court
40 Vicarage Road Edgbaston
Birmingham
B153EZ
1
 
 
Notes
 
2023
£
Fixed assets    
Tangible fixed assets 3 3,150 
3,150 
Current assets    
Stocks 4 600 
Cash at bank and in hand 1,913 
2,513 
Creditors: amount falling due within one year 5 (12,392)
Net current assets (9,879)
 
Total assets less current liabilities (6,729)
Net assets (6,729)
 

Capital and reserves
   
Called up share capital 100 
Profit and loss account (6,829)
Shareholders' funds (6,729)
 


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

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 12 September 2024 and were signed by:


-------------------------------
Mrs Sarah Jane Andrioti
Director
2
General Information
AQUALAND (MIDLANDS) LTD is a private company, limited by shares, registered in England and Wales, registration number 14536441, registration address First Floor, Hagley Court, 40 Vicarage Road, Edgbaston, Birmingham, United Kingdom, B15 3EZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Website cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 10% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the period was 3.
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 12 December 2022  
Additions 3,500    3,500 
Disposals  
At 31 December 2023 3,500    3,500 
Depreciation
At 12 December 2022  
Charge for period 350    350 
On disposals  
At 31 December 2023 350    350 
Net book values
Closing balance as at 31 December 2023 3,150    3,150 
Opening balance as at 12 December 2022  


4.

Stocks

2023
£
Finished Goods 600 
600 

5.

Creditors: amount falling due within one year

2023
£
Trade Creditors 1,000 
PAYE & Social Security 51 
Directors' Current Accounts 11,341 
12,392 

3