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REGISTERED NUMBER: 05442710 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Aquafresh Limited

Aquafresh Limited (Registered number: 05442710)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Aquafresh Limited

Company Information
for the year ended 31 May 2024







DIRECTORS: G W Dobson
E O Dobson





SECRETARY: E O Dobson





REGISTERED OFFICE: 6 Faraday Close
Washington
Tyne & Wear
NE38 8QJ





REGISTERED NUMBER: 05442710 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Aquafresh Limited (Registered number: 05442710)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 287,529 222,403
287,529 222,403

CURRENT ASSETS
Stocks 5,100 5,100
Debtors 6 224,022 215,337
Cash at bank and in hand 489,886 591,892
719,008 812,329
CREDITORS
Amounts falling due within one year 7 335,794 331,433
NET CURRENT ASSETS 383,214 480,896
TOTAL ASSETS LESS CURRENT
LIABILITIES

670,743

703,299

CREDITORS
Amounts falling due after more than one
year

8

(4,687

)

(7,132

)

PROVISIONS FOR LIABILITIES (49,796 ) (55,601 )
NET ASSETS 616,260 640,566

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 616,258 640,564
SHAREHOLDERS' FUNDS 616,260 640,566

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

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

Aquafresh Limited (Registered number: 05442710)

Statement of Financial Position - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2024 and were signed on its behalf by:




G W Dobson - Director



E O Dobson - Director


Aquafresh Limited (Registered number: 05442710)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Aquafresh 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.

The accounts have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

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, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 25 years
Plant and machinery - 20% Straight line
Fixtures and fittings - 33% Straight line
Motor vehicles - 25% on reducing balance
Computer equipment - 33% Straight line

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Aquafresh Limited (Registered number: 05442710)

Notes to the Financial Statements - continued
for the year ended 31 May 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 statement of financial position 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 14 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 80,000 12,000 92,000
AMORTISATION
At 1 June 2023
and 31 May 2024 80,000 12,000 92,000
NET BOOK VALUE
At 31 May 2024 - - -
At 31 May 2023 - - -

Aquafresh Limited (Registered number: 05442710)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 559,229
Additions 167,076
Disposals (23,767 )
At 31 May 2024 702,538
DEPRECIATION
At 1 June 2023 336,826
Charge for year 94,263
Eliminated on disposal (16,080 )
At 31 May 2024 415,009
NET BOOK VALUE
At 31 May 2024 287,529
At 31 May 2023 222,403

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 212,996 204,220
Other debtors 11,026 11,117
224,022 215,337

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 102,731 87,800
Taxation and social security 49,691 72,001
Other creditors 183,372 171,632
335,794 331,433

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 4,687 7,132