Silverfin false false 31/03/2024 01/04/2023 31/03/2024 M Elphick 23/03/2007 L M Elphick 23/03/2007 28 November 2024 The principal activity of the Company during the financial year was that of supply and installation of kitchens and bedrooms. 06180343 2024-03-31 06180343 bus:Director1 2024-03-31 06180343 bus:Director2 2024-03-31 06180343 2023-03-31 06180343 core:CurrentFinancialInstruments 2024-03-31 06180343 core:CurrentFinancialInstruments 2023-03-31 06180343 core:Non-currentFinancialInstruments 2024-03-31 06180343 core:Non-currentFinancialInstruments 2023-03-31 06180343 core:ShareCapital 2024-03-31 06180343 core:ShareCapital 2023-03-31 06180343 core:RetainedEarningsAccumulatedLosses 2024-03-31 06180343 core:RetainedEarningsAccumulatedLosses 2023-03-31 06180343 core:ComputerSoftware 2023-03-31 06180343 core:ComputerSoftware 2024-03-31 06180343 core:PlantMachinery 2023-03-31 06180343 core:Vehicles 2023-03-31 06180343 core:FurnitureFittings 2023-03-31 06180343 core:ComputerEquipment 2023-03-31 06180343 core:PlantMachinery 2024-03-31 06180343 core:Vehicles 2024-03-31 06180343 core:FurnitureFittings 2024-03-31 06180343 core:ComputerEquipment 2024-03-31 06180343 bus:OrdinaryShareClass1 2024-03-31 06180343 bus:OrdinaryShareClass2 2024-03-31 06180343 bus:OrdinaryShareClass3 2024-03-31 06180343 2023-04-01 2024-03-31 06180343 bus:FilletedAccounts 2023-04-01 2024-03-31 06180343 bus:SmallEntities 2023-04-01 2024-03-31 06180343 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06180343 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06180343 bus:Director1 2023-04-01 2024-03-31 06180343 bus:Director2 2023-04-01 2024-03-31 06180343 core:ComputerSoftware core:TopRangeValue 2023-04-01 2024-03-31 06180343 core:PlantMachinery core:TopRangeValue 2023-04-01 2024-03-31 06180343 core:Vehicles 2023-04-01 2024-03-31 06180343 core:FurnitureFittings core:TopRangeValue 2023-04-01 2024-03-31 06180343 core:ComputerEquipment 2023-04-01 2024-03-31 06180343 2022-04-01 2023-03-31 06180343 core:PlantMachinery 2023-04-01 2024-03-31 06180343 core:FurnitureFittings 2023-04-01 2024-03-31 06180343 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 06180343 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 06180343 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 06180343 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 06180343 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 06180343 bus:OrdinaryShareClass3 2023-04-01 2024-03-31 06180343 bus:OrdinaryShareClass3 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06180343 (England and Wales)

AQUA KITCHEN SOLUTIONS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

AQUA KITCHEN SOLUTIONS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

AQUA KITCHEN SOLUTIONS LIMITED

BALANCE SHEET

As at 31 March 2024
AQUA KITCHEN SOLUTIONS LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 3,978 5,512
3,978 5,512
Current assets
Debtors 5 4,717 4,833
Cash at bank and in hand 4,951 17,927
9,668 22,760
Creditors: amounts falling due within one year 6 ( 9,569) ( 25,603)
Net current assets/(liabilities) 99 (2,843)
Total assets less current liabilities 4,077 2,669
Creditors: amounts falling due after more than one year 7 0 ( 852)
Provision for liabilities ( 756) ( 1,047)
Net assets 3,321 770
Capital and reserves
Called-up share capital 8 200 200
Profit and loss account 3,121 570
Total shareholders' funds 3,321 770

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Aqua Kitchen Solutions Limited (registered number: 06180343) were approved and authorised for issue by the Board of Directors on 28 November 2024. They were signed on its behalf by:

M Elphick
Director
L M Elphick
Director
AQUA KITCHEN SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
AQUA KITCHEN SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Aqua Kitchen Solutions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 67 Copse Road, Plympton, Plymouth, PL7 1QB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 5 years straight line
Vehicles 25 % reducing balance
Fixtures and fittings 5 years straight line
Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Intangible assets

Computer software Total
£ £
Cost
At 01 April 2023 2,892 2,892
At 31 March 2024 2,892 2,892
Accumulated amortisation
At 01 April 2023 2,892 2,892
At 31 March 2024 2,892 2,892
Net book value
At 31 March 2024 0 0
At 31 March 2023 0 0

4. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £
Cost
At 01 April 2023 313 14,000 892 2,124 17,329
Disposals 0 0 0 ( 530) ( 530)
At 31 March 2024 313 14,000 892 1,594 16,799
Accumulated depreciation
At 01 April 2023 252 9,570 342 1,653 11,817
Charge for the financial year 61 1,107 178 96 1,442
Disposals 0 0 0 ( 438) ( 438)
At 31 March 2024 313 10,677 520 1,311 12,821
Net book value
At 31 March 2024 0 3,323 372 283 3,978
At 31 March 2023 61 4,430 550 471 5,512

5. Debtors

2024 2023
£ £
Other debtors 4,717 4,833

6. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals 1,495 1,550
Taxation and social security 1,922 2,149
Obligations under finance leases and hire purchase contracts 852 1,960
Other creditors 5,300 19,944
9,569 25,603

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts (secured) 0 852

Included in the balance sheet are financial commitments of £nil (2023: £852). Security has been given against the loan by way of the asset to which it relates.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100
50 Ordinary A shares of £ 1.00 each 50 50
50 Ordinary B shares of £ 1.00 each 50 50
200 200

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Directors Loan Account 3,460 4,321

During the year the director had advances of £261 (2023:£9,793), of which £1,122 (2023:£5,472) has been repaid and offset by opening position, leaving a balance owed to the company of £3,460 (2023:£4,321). This loan is repayable upon demand and subject to interest charges of 2.25% if the threshold of £10,000 is breached.