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REGISTERED NUMBER: 10689175 (England and Wales)















Financial Statements for the Year Ended 31st March 2024

for

Aquastat Limited

Aquastat Limited (Registered number: 10689175)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aquastat Limited

Company Information
for the Year Ended 31st March 2024







DIRECTOR: P R Abbott





REGISTERED OFFICE: Saxon House,
Stephenson Way,
Crawley,
West Susex.
RH10 1TN





REGISTERED NUMBER: 10689175 (England and Wales)






Aquastat Limited (Registered number: 10689175)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 407,173 335,945

CURRENT ASSETS
Stocks 10,110 10,110
Debtors 5 829,373 427,822
Cash at bank 156 300
839,639 438,232
CREDITORS
Amounts falling due within one year 6 973,052 534,035
NET CURRENT LIABILITIES (133,413 ) (95,803 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

273,760

240,142

CREDITORS
Amounts falling due after more than one
year

7

20,098

29,845
NET ASSETS 253,662 210,297

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 253,562 210,197
SHAREHOLDERS' FUNDS 253,662 210,297

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

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

Aquastat Limited (Registered number: 10689175)

Balance Sheet - continued
31st March 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 director and authorised for issue on 28th October 2024 and were signed by:





P R Abbott - Director


Aquastat Limited (Registered number: 10689175)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Aquastat 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.

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 16 (2023 - 14 ) .

Aquastat Limited (Registered number: 10689175)

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2023 335,945
Additions 71,228
At 31st March 2024 407,173
NET BOOK VALUE
At 31st March 2024 407,173
At 31st March 2023 335,945

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Nemco Utilities Limited
Registered office: England
Nature of business: Building risk management
%
Class of shares: holding
Ordinary 100.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves 294,960 250,788
Profit for the year 44,172 32,899

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 167,611 88,005
Amounts due from related companies 659,916 339,717
Tax 1,746 -
Called up share capital not paid 100 100
829,373 427,822

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 44,743 32,922
Amounts owed to related companies 817,165 357,896
Tax 29,683 15,228
Other creditors 24,100 115,841
Directors' current accounts 1,963 -
Deferred income 40,000 -
Accrued expenses 4,750 1,500
973,052 534,035

Aquastat Limited (Registered number: 10689175)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 20,098 10,648
Bank loans - 2-5 years - 19,197
20,098 29,845

8. FINANCIAL INSTRUMENTS

The Company has taken advantage of the Government's "Bounce Back Loan" scheme and notified an extension from a 6 to a 10 year repayment plan.

The Government covers the first 12 months of interest payments, which have been accounted for as a Government Grant

The loan is 100% Government backed with no security being required from the Company.

A 12 month capital repayment holiday is automatically applied at inception.

The interest rate is fixed at 2.5% per annum over the period of the loan.

Early repayment of the loan, at the Company's discretion, is possible without additional charges being imposed.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

A further 99 Ordinary Shares were issued on 12th August, 2022.

10. ULTIMATE CONTROLLING PARTY

The Company is under the control of P. R. Abbott by virtue of his shareholding
in Artius Holdings Limited, this Company's ultimate holding company.