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Registered number: 03323545
AQUAMARINE ORIENTAL LIMITED
Financial Statements
For The Year Ended 28 February 2024
LIBRA ACCOUNTANCY LIMITED
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03323545
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,522 3,522
3,522 3,522
CURRENT ASSETS
Stocks 5 62,000 61,000
Debtors 6 3,502 6,881
Cash at bank and in hand 26,327 28,438
91,829 96,319
Creditors: Amounts Falling Due Within One Year 7 (24,344 ) (17,703 )
NET CURRENT ASSETS (LIABILITIES) 67,485 78,616
TOTAL ASSETS LESS CURRENT LIABILITIES 71,007 82,138
Creditors: Amounts Falling Due After More Than One Year 8 (25,315 ) (26,833 )
NET ASSETS 45,692 55,305
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 44,692 54,305
SHAREHOLDERS' FUNDS 45,692 55,305
Page 1
Page 2
For the year ending 28 February 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr FENG LIANG
Director
23/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
AQUAMARINE ORIENTAL LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 03323545 . The registered office is 3 STATION APPROACH , STONELEIGH, EPSOM, SURREY, KT19 0QZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:On the reducing balancing method at the rate of 18% annually.
Plant & Machinery 8061
Fixtures & Fittings 2820
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
Sales, marketing and distribution 1 1
3 3
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 March 2023 8,061 2,820 10,881
As at 28 February 2024 8,061 2,820 10,881
Depreciation
As at 1 March 2023 6,851 508 7,359
As at 28 February 2024 6,851 508 7,359
Net Book Value
As at 28 February 2024 1,210 2,312 3,522
As at 1 March 2023 1,210 2,312 3,522
5. Stocks
2024 2023
£ £
Materials 62,000 61,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,502 6,881
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,921 15,500
VAT 1,425 2,203
Other creditors 8,998 -
24,344 17,703
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 18,315 26,833
Directors loan account 7,000 -
25,315 26,833
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4