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REGISTERED NUMBER: 07116904 (England and Wales)


















AQUA TECHNOLOGIES (EUROPE) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






AQUA TECHNOLOGIES (EUROPE) LIMITED (REGISTERED NUMBER: 07116904)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 6


AQUA TECHNOLOGIES (EUROPE) LIMITED (REGISTERED NUMBER: 07116904)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 129,016 22,851

CURRENT ASSETS
Stocks 5 495,000 217,000
Debtors 6 341,618 468,910
Cash at bank and in hand 40,430 2,862
877,048 688,772
CREDITORS
Amounts falling due within one year 7 (785,507 ) (582,001 )
NET CURRENT ASSETS 91,541 106,771
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,557

129,622

CREDITORS
Amounts falling due after more than one
year

8

(183,227

)

(111,176

)

PROVISIONS FOR LIABILITIES (10,434 ) (1,266 )
NET ASSETS 26,896 17,180

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 26,796 17,080
SHAREHOLDERS' FUNDS 26,896 17,180

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.

AQUA TECHNOLOGIES (EUROPE) LIMITED (REGISTERED NUMBER: 07116904)

STATEMENT OF FINANCIAL POSITION - continued
31 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 Board of Directors and authorised for issue on 27 December 2024 and were signed on its behalf by:





Dr A Peter - Director


AQUA TECHNOLOGIES (EUROPE) LIMITED (REGISTERED NUMBER: 07116904)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

AQUA TECHNOLOGIES (EUROPE) LIMITED is a private company, limited by shares, registered in England and Wales. The company's registered number is 07116904 and its registered office is Unit 2 Hounslow Business Park, Alice Way, Hounslow, Middlesex, TW3 3UD.

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.

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods and services is recognised when goods are delivered, and legal title has passed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
As the balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of future payments.


AQUA TECHNOLOGIES (EUROPE) LIMITED (REGISTERED NUMBER: 07116904)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

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 16 (2023 - 18 ) .

AQUA TECHNOLOGIES (EUROPE) LIMITED (REGISTERED NUMBER: 07116904)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 149,726
Additions 146,772
Disposals (57,348 )
At 31 March 2024 239,150
DEPRECIATION
At 1 April 2023 126,875
Charge for year 32,254
Eliminated on disposal (48,995 )
At 31 March 2024 110,134
NET BOOK VALUE
At 31 March 2024 129,016
At 31 March 2023 22,851

5. STOCKS
2024 2023
£    £   
Work-in-progress 495,000 217,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 259,899 435,785
Other debtors 81,719 33,125
341,618 468,910

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 275,442 152,811
Hire purchase contracts 66,725 -
Trade creditors 76,549 52,885
Taxation and social security 336,457 372,329
Other creditors 30,334 3,976
785,507 582,001

The loan is secured by a fixed and floating charge over the assets of the company.

AQUA TECHNOLOGIES (EUROPE) LIMITED (REGISTERED NUMBER: 07116904)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 129,201 111,176
Hire purchase contracts 54,026 -
183,227 111,176

The loan is secured by a fixed and floating charge over the assets of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Dr A Peter
Balance outstanding at start of year - -
Amounts advanced 69,331 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 69,331 -