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REGISTERED NUMBER: 03148946 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Aquarius Marine Coatings Ltd

Aquarius Marine Coatings Ltd (Registered number: 03148946)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aquarius Marine Coatings Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: J A Kenny
E C G Clark





SECRETARY: E C G Clark





REGISTERED OFFICE: 21 Church Road
Parkstone
Poole
Dorset
BH14 8UF





REGISTERED NUMBER: 03148946 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

Aquarius Marine Coatings Ltd (Registered number: 03148946)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 342,132 309,529
Investments 5 2,561 2,644
Investment property 6 180,000 180,000
524,693 492,173

CURRENT ASSETS
Stocks 40,000 40,000
Debtors 7 797,251 492,007
Cash at bank 114,111 192,999
951,362 725,006
CREDITORS
Amounts falling due within one year 8 361,128 357,364
NET CURRENT ASSETS 590,234 367,642
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,114,927

859,815

CREDITORS
Amounts falling due after more than one
year

9

(222,523

)

(197,812

)

PROVISIONS FOR LIABILITIES (23,601 ) (13,524 )
NET ASSETS 868,803 648,479

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 868,799 648,475
SHAREHOLDERS' FUNDS 868,803 648,479

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

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

Aquarius Marine Coatings Ltd (Registered number: 03148946)

Balance Sheet - continued
31 January 2024


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 22 October 2024 and were signed on its behalf by:





E C G Clark - Director


Aquarius Marine Coatings Ltd (Registered number: 03148946)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Aquarius Marine Coatings 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - Not provided
Plant and machinery etc - 33% on cost, 25% on reducing balance, 15% on reducing balance and Not provided

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 the shorter.

The interest element of these obligations is charged to 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 profit or loss on a straight line basis over the period of the lease.

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 8 (2023 - 7 ) .

Aquarius Marine Coatings Ltd (Registered number: 03148946)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 193,170 222,852 416,022
Additions - 99,013 99,013
Disposals - (63,892 ) (63,892 )
At 31 January 2024 193,170 257,973 451,143
DEPRECIATION
At 1 February 2023 - 106,493 106,493
Charge for year - 39,455 39,455
Eliminated on disposal - (36,937 ) (36,937 )
At 31 January 2024 - 109,011 109,011
NET BOOK VALUE
At 31 January 2024 193,170 148,962 342,132
At 31 January 2023 193,170 116,359 309,529

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023 130,539
Disposals (63,892 )
At 31 January 2024 66,647
DEPRECIATION
At 1 February 2023 75,468
Charge for year 7,028
Eliminated on disposal (36,937 )
At 31 January 2024 45,559
NET BOOK VALUE
At 31 January 2024 21,088
At 31 January 2023 55,071

Aquarius Marine Coatings Ltd (Registered number: 03148946)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023 2,644
Exchange differences (83 )
At 31 January 2024 2,561
NET BOOK VALUE
At 31 January 2024 2,561
At 31 January 2023 2,644

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 180,000
NET BOOK VALUE
At 31 January 2024 180,000
At 31 January 2023 180,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2022 12,895
Cost 167,105
180,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 167,105 167,105

The investment property was valued on a fair value basis on 31 January 2024 by Mr E C G Clark, Director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 152,943 142,436
Other debtors 644,308 349,571
797,251 492,007

Aquarius Marine Coatings Ltd (Registered number: 03148946)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,687 21,400
Hire purchase contracts 44,262 54,234
Trade creditors 97,937 123,914
Taxation and social security 146,104 75,579
Other creditors 53,138 82,237
361,128 357,364

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 145,524 164,329
Hire purchase contracts 76,999 33,483
222,523 197,812

10. RELATED PARTY DISCLOSURES

At the year end, the company was owed £95,000 (2023: £95,000) by Aquarius Managed Properties Limited.
At the year end, the company was owed £55.929 (2023: £0) by AMC Portals SL
The directors of this company are also directors of Aquarius Managed Properties Limited and AMC Portals ltd.