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REGISTERED NUMBER: 07808220 (England and Wales)















Aqua Financial Limited

Financial Statements for the Year Ended 30th June 2024






Aqua Financial Limited (Registered number: 07808220)

Contents of the Financial Statements
for the Year Ended 30th June 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Aqua Financial Limited

Company Information
for the Year Ended 30th June 2024







DIRECTORS: C J Bennett
F Meachem
B C Soulby





SECRETARIES: R Bennett
J H Bennett





REGISTERED OFFICE: 2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT





REGISTERED NUMBER: 07808220 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT

Aqua Financial Limited (Registered number: 07808220)

Statement of Financial Position
30th June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 152,454 192,099
Tangible assets 5 6,634 10,174
159,088 202,273

CURRENT ASSETS
Debtors 6 67,374 77,870
Cash at bank 67,470 5,701
134,844 83,571
CREDITORS
Amounts falling due within one year 7 (113,631 ) (63,316 )
NET CURRENT ASSETS 21,213 20,255
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,301

222,528

CAPITAL AND RESERVES
Called up share capital 1,269,674 1,269,674
Retained earnings 9 (1,089,373 ) (1,047,146 )
SHAREHOLDERS' FUNDS 180,301 222,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 October 2024 and were signed on its behalf by:



C J Bennett - Director


Aqua Financial Limited (Registered number: 07808220)

Notes to the Financial Statements
for the Year Ended 30th June 2024


1. STATEMENT OF COMPLIANCE

Aqua Financial Limited is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is 2 Oriel Court, Omega Park, Alton, GU34 2YT. The registration number is 07808220.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is 5 and 20 years. Provision is made for any impairment.

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

Financial instruments
Financial assets and financial liabilities are recognised when Aqua Financial Limited becomes party to the contractual provisions of the financial instrument.

Cash and cash equivalents
These comprise cash at bank.

Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Creditors
Creditors are not interest bearing and are stated at their nominal value.

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 statement of financial position date.

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.

Aqua Financial Limited (Registered number: 07808220)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


2. ACCOUNTING POLICIES - continued

Going concern
The principal shareholder and director has confirmed continued financial support of the business.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to the profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit or loss over the relevant period on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2023
and 30th June 2024 380,561
AMORTISATION
At 1st July 2023 188,462
Charge for year 39,645
At 30th June 2024 228,107
NET BOOK VALUE
At 30th June 2024 152,454
At 30th June 2023 192,099

Aqua Financial Limited (Registered number: 07808220)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


5. TANGIBLE FIXED ASSETS
Office Computer
Equipment equipment Totals
£    £    £   
COST
At 1st July 2023 12,597 22,667 35,264
Additions 164 - 164
At 30th June 2024 12,761 22,667 35,428
DEPRECIATION
At 1st July 2023 12,160 12,930 25,090
Charge for year 237 3,467 3,704
At 30th June 2024 12,397 16,397 28,794
NET BOOK VALUE
At 30th June 2024 364 6,270 6,634
At 30th June 2023 437 9,737 10,174

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 52,018 53,973
Prepayments and accrued income 15,356 23,897
67,374 77,870

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) - 2,051
Trade creditors 15,576 18,697
Social security and other taxes 13,513 13,946
Other creditors 72,761 11,800
Pension creditor 2,409 2,338
Directors' current accounts 4,800 9,600
Accrued expenses 4,572 4,884
113,631 63,316

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 2,051

Aqua Financial Limited (Registered number: 07808220)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 8,658 6,150
Between one and five years 13,125 744
21,783 6,894

9. RESERVES
Retained
earnings
£   

At 1st July 2023 (1,047,146 )
Deficit for the year (42,227 )
At 30th June 2024 (1,089,373 )