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REGISTERED NUMBER: 03922302 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Aquatic Chalks Ltd

Aquatic Chalks Ltd (Registered number: 03922302)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aquatic Chalks Ltd

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Mrs LK Silvester
AJ Silvester





SECRETARY: Mrs LK Silvester





REGISTERED OFFICE: Rookery Farm
Gorse Lane
Hungerton
Grantham
Lincolnshire
NG32 1AJ





REGISTERED NUMBER: 03922302 (England and Wales)





ACCOUNTANTS: Hood Parkes & Co
1st Floor
28 Market Place
Grantham
Lincolnshire
NG31 6LR

Aquatic Chalks Ltd (Registered number: 03922302)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 45,000 45,000
Tangible assets 5 59,338 10,399
104,338 55,399

CURRENT ASSETS
Stocks 30,000 33,835
Debtors 6 61,905 22,326
Cash at bank 20,471 58,317
112,376 114,478
CREDITORS
Amounts falling due within one year 7 67,300 43,730
NET CURRENT ASSETS 45,076 70,748
TOTAL ASSETS LESS CURRENT
LIABILITIES

149,414

126,147

CREDITORS
Amounts falling due after more than one
year

8

(26,689

)

(21,703

)

PROVISIONS FOR LIABILITIES (12,906 ) (1,976 )
NET ASSETS 109,819 102,468

Aquatic Chalks Ltd (Registered number: 03922302)

Balance Sheet - continued
31st March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 109,815 102,464
SHAREHOLDERS' FUNDS 109,819 102,468

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

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 9th August 2024 and were signed on its behalf by:





AJ Silvester - Director


Aquatic Chalks Ltd (Registered number: 03922302)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Aquatic Chalks Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost

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, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.


Aquatic Chalks Ltd (Registered number: 03922302)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
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 by the year end and 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.

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 6 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 55,000
AMORTISATION
At 1st April 2023
and 31st March 2024 10,000
NET BOOK VALUE
At 31st March 2024 45,000
At 31st March 2023 45,000

Aquatic Chalks Ltd (Registered number: 03922302)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st April 2023 63,859
Additions 67,319
Disposals (418 )
At 31st March 2024 130,760
DEPRECIATION
At 1st April 2023 53,460
Charge for year 26,975
Eliminated on disposal (9,013 )
At 31st March 2024 71,422
NET BOOK VALUE
At 31st March 2024 59,338
At 31st March 2023 10,399

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 50,873 22,048
Other debtors 582 278
51,455 22,326

Amounts falling due after more than one year:
Other debtors 10,450 -

Aggregate amounts 61,905 22,326

Aquatic Chalks Ltd (Registered number: 03922302)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,460 10,650
Trade creditors 31,213 3,173
Taxation and social security 21,190 25,181
Other creditors 437 4,726
67,300 43,730

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 26,689 21,703

9. ULTIMATE CONTROLLING PARTY

The controlling party is AJ Silvester.