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Registration number: 15140180

Aquamagic Plumbing and Heating Limited

Annual Report and Unaudited Financial Statements- Companies house filing

for the Period from 15 September 2023 to 30 September 2024

 

Aquamagic Plumbing and Heating Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Aquamagic Plumbing and Heating Limited

(Registration number: 15140180)
Statement of Financial Position as at 30 September 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

3,118

Current assets

 

Debtors

5

15,877

Cash at bank and in hand

 

18,472

 

34,349

Creditors: Amounts falling due within one year

6

(35,900)

Net current liabilities

 

(1,551)

Net assets

 

1,567

Capital and reserves

 

Profit and loss account

1,567

Shareholders' funds

 

1,567

For the financial period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 25 November 2024
 

.........................................
Mr T Gale
Director

 

Aquamagic Plumbing and Heating Limited

Notes to the Unaudited Financial Statements for the Period from 15 September 2023 to 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY. United Kingdom.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in “other income” within profit or loss in the same period as the related expenditure.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Aquamagic Plumbing and Heating Limited

Notes to the Unaudited Financial Statements for the Period from 15 September 2023 to 30 September 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date 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.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Aquamagic Plumbing and Heating Limited

Notes to the Unaudited Financial Statements for the Period from 15 September 2023 to 30 September 2024

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

Additions

2,457

714

1,000

4,171

At 30 September 2024

2,457

714

1,000

4,171

Depreciation

Charge for the period

615

238

200

1,053

At 30 September 2024

615

238

200

1,053

Carrying amount

At 30 September 2024

1,842

476

800

3,118

5

Debtors

2024
£

Trade debtors

14,476

Other debtors

1,401

15,877

6

Creditors

Creditors: amounts falling due within one year

2024
£

Trade creditors

20

Taxation and social security

18,099

Accruals and deferred income

1,650

Other creditors

16,131

35,900