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REGISTERED NUMBER: 03719302 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

AQUAJOY WATER GARDENS LIMITED

AQUAJOY WATER GARDENS LIMITED (REGISTERED NUMBER: 03719302)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AQUAJOY WATER GARDENS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: I N Owen
S J Owen





SECRETARY: S J Owen





REGISTERED OFFICE: Unit 15, No. 2
Bulrushes Business Park
Coombe Hill Road
East Grinstead
West Sussex
RH19 4LZ





REGISTERED NUMBER: 03719302 (England and Wales)





ACCOUNTANTS: Hockley Wright & Co. Ltd.
Unit 15, No. 2
Bulrushes Business Park
Coombe Hill Road
East Grinstead
West Sussex
RH19 4LZ

AQUAJOY WATER GARDENS LIMITED (REGISTERED NUMBER: 03719302)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 43,862 61,067
43,862 61,067

CURRENT ASSETS
Stocks 7 14,876 15,127
Debtors 8 137,416 143,921
Cash at bank and in hand 150,209 110,420
302,501 269,468
CREDITORS
Amounts falling due within one year 9 126,885 137,627
NET CURRENT ASSETS 175,616 131,841
TOTAL ASSETS LESS CURRENT LIABILITIES 219,478 192,908

CREDITORS
Amounts falling due after more than one
year

10

60,195

76,561
NET ASSETS 159,283 116,347

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 159,183 116,247
SHAREHOLDERS' FUNDS 159,283 116,347

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 25 November 2024 and were signed on its behalf by:



I N Owen - Director


AQUAJOY WATER GARDENS LIMITED (REGISTERED NUMBER: 03719302)

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

1. STATUTORY INFORMATION

Aquajoy Water Gardens 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. STATEMENT OF COMPLIANCE

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. There have been no material departures from FRS102.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

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.

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 - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 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.

Deferred tax
Deferred tax is recognised, if material, 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.

AQUAJOY WATER GARDENS LIMITED (REGISTERED NUMBER: 03719302)

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

3. ACCOUNTING POLICIES - continued

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.

Change in basis of accounting
The company has transferred from previously extant UK GAAP to FRS 102 as at 1 April 2016. The transition has resulted in certain presentational changes, which are disclosed in Note 12 to the financial statements. However, there is no impact on the reported financial position and financial performance.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 40,000
AMORTISATION
At 1 April 2023
and 31 March 2024 40,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

6. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 9,723 200,088 6,063 215,874
DEPRECIATION
At 1 April 2023 9,723 139,022 6,062 154,807
Charge for year - 17,205 - 17,205
At 31 March 2024 9,723 156,227 6,062 172,012
NET BOOK VALUE
At 31 March 2024 - 43,861 1 43,862
At 31 March 2023 - 61,066 1 61,067

Included within the net book value of motor vehicles above, is £41,360 (2022/23 £57,717) relating to motor vehicles held under hire purchase contracts.

7. STOCKS
31.3.24 31.3.23
£    £   
Stocks 14,876 15,127

AQUAJOY WATER GARDENS LIMITED (REGISTERED NUMBER: 03719302)

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

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 130,576 127,143
Prepayments and accrued income 6,840 16,778
137,416 143,921

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts (see note 11) 6,733 6,732
Trade creditors 1,686 41,890
Taxation and social security 108,463 78,486
Other creditors 10,003 10,519
126,885 137,627

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 22,721 32,354
Hire purchase contracts (see note 11) 37,474 44,207
60,195 76,561

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 6,733 6,732
Between one and five years 37,474 44,207
44,207 50,939

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Between one and five years 39,750 38,250

12. CALLED UP SHARE CAPITAL

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

13. ULTIMATE CONTROLLING PARTY

In the opinion of the directors', Aquajoy Water Gardens Limited is the Ultimate Controlling Party. The Company is controlled by its directors' I N Owen and S Owen, by virtue of the fact that they between them, own all of the Company's ordinary issued share capital.