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REGISTERED NUMBER: 01945405 (England and Wales)














AQUA WATER SYSTEMS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






AQUA WATER SYSTEMS LIMITED (REGISTERED NUMBER: 01945405)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AQUA WATER SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: T M Raymondi



SECRETARY: N A Watson



REGISTERED OFFICE: Beauchamp House
402-403 Stourport Road
Kidderminster
Worcestershire
DY11 7BG



REGISTERED NUMBER: 01945405 (England and Wales)



SENIOR STATUTORY AUDITOR: William David Chinn



AUDITORS: Stour Accountants Limited
Chartered Certified Accountants and Statutory
Auditors
402-403 Stourport Road
Kidderminster
Worcestershire
DY11 7BG

AQUA WATER SYSTEMS LIMITED (REGISTERED NUMBER: 01945405)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,385 1,078
Investments 5 1 1
1,386 1,079

CURRENT ASSETS
Stocks 169,365 168,366
Debtors 6 130,967 158,702
Cash at bank and in hand 160,639 158,349
460,971 485,417
CREDITORS
Amounts falling due within one year 7 282,511 241,584
NET CURRENT ASSETS 178,460 243,833
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,846

244,912

PROVISIONS FOR LIABILITIES 82 -
NET ASSETS 179,764 244,912

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 179,664 244,812
SHAREHOLDERS' FUNDS 179,764 244,912

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 director and authorised for issue on 15th May 2024 and were signed by:





T M Raymondi - Director


AQUA WATER SYSTEMS LIMITED (REGISTERED NUMBER: 01945405)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Aqua Water Systems 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance
Computer equipment - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

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 (2022 - 6 ) .

AQUA WATER SYSTEMS LIMITED (REGISTERED NUMBER: 01945405)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1st January 2023 9,384 4,185 13,569
Additions 301 461 762
At 31st December 2023 9,685 4,646 14,331
DEPRECIATION
At 1st January 2023 8,537 3,954 12,491
Charge for year 116 339 455
At 31st December 2023 8,653 4,293 12,946
NET BOOK VALUE
At 31st December 2023 1,032 353 1,385
At 31st December 2022 847 231 1,078

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1st January 2023
and 31st December 2023 1
NET BOOK VALUE
At 31st December 2023 1
At 31st December 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 110,416 146,391
Other debtors 20,551 12,311
130,967 158,702

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 12,819 7,754
Amounts owed to group undertakings 172,252 145,658
Taxation and social security 59,133 50,487
Other creditors 38,307 37,685
282,511 241,584

AQUA WATER SYSTEMS LIMITED (REGISTERED NUMBER: 01945405)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 47,995 33,800
Between one and five years 35,082 50,700
83,077 84,500

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
92 Ordinary A £1 92 92
8 Ordinary B £1 8 8
100 100

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

William David Chinn (Senior Statutory Auditor)
for and on behalf of Stour Accountants Limited