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REGISTERED NUMBER: 12240278 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

Ab Aquatic Supplies Ltd

Ab Aquatic Supplies Ltd (Registered number: 12240278)






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


Ab Aquatic Supplies Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: A Bussey





REGISTERED OFFICE: Unit 6 Ska Business Park
Graham Street
Huddersfield
HD1 3LG





REGISTERED NUMBER: 12240278 (England and Wales)





ACCOUNTANTS: Abraham Accountants
Sher House
46 Houghton Place
Bradford
West Yorkshire
BD1 3RG

Ab Aquatic Supplies Ltd (Registered number: 12240278)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,715 2,036
Tangible assets 5 17,622 7,436
19,337 9,472

CURRENT ASSETS
Stocks 95,350 98,250
Debtors 6 65,099 68,875
Cash at bank and in hand 36,498 60,345
196,947 227,470
CREDITORS
Amounts falling due within one year 7 (120,723 ) (113,255 )
NET CURRENT ASSETS 76,224 114,215
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,561

123,687

PROVISIONS FOR LIABILITIES (3,665 ) (1,800 )
NET ASSETS 91,896 121,887

Ab Aquatic Supplies Ltd (Registered number: 12240278)

Balance Sheet - continued
31 January 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 91,796 121,787
91,896 121,887

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 director acknowledges his 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 director and authorised for issue on 29 October 2024 and were signed by:





A Bussey - Director


Ab Aquatic Supplies Ltd (Registered number: 12240278)

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

1. STATUTORY INFORMATION

Ab Aquatic Supplies 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.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 etc - 50% on cost and 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.


Ab Aquatic Supplies Ltd (Registered number: 12240278)

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

Hire purchase and leasing commitments
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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 3,212
AMORTISATION
At 1 February 2023 1,176
Charge for year 321
At 31 January 2024 1,497
NET BOOK VALUE
At 31 January 2024 1,715
At 31 January 2023 2,036

Ab Aquatic Supplies Ltd (Registered number: 12240278)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 13,201
Additions 11,225
At 31 January 2024 24,426
DEPRECIATION
At 1 February 2023 5,765
Charge for year 1,039
At 31 January 2024 6,804
NET BOOK VALUE
At 31 January 2024 17,622
At 31 January 2023 7,436

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 24,999 24,677
Other debtors 40,000 44,098
64,999 68,775

Amounts falling due after more than one year:
Other debtors 100 100

Aggregate amounts 65,099 68,875

Ab Aquatic Supplies Ltd (Registered number: 12240278)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade creditors 44,568 27,177
Taxation and social security 35,267 47,119
Other creditors 40,888 38,959
120,723 113,255