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Registered Number: SC779521
Scotland

 

 

 

FLOWAQUA LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 18 August 2023

End date: 31 August 2024
Directors Michael Stevenson
Richard Stenhouse
Martin Myers
Registered Number SC779521
Registered Office Unit 26, Dunfermline Business Centre
Izatt Avenue
Dunfermline
Fife
KY11 3BZ
Accountants M&S Accountancy and Taxation Limited
Unit 26, Dunfermline Business Centre
Izatt Avenue
Dunfermline
Fife
KY11 3BZ
1
 
 
Notes
 
2024
£
Fixed assets    
Tangible fixed assets 3 5,548 
5,548 
Current assets    
Debtors 4 155,336 
Cash at bank and in hand 53,078 
208,414 
Creditors: amount falling due within one year 5 (176,641)
Net current assets 31,773 
 
Total assets less current liabilities 37,321 
Net assets 37,321 
 

Capital and reserves
   
Profit and loss account 37,321 
Shareholders' funds 37,321 
 


For the period ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 14 January 2025 and were signed on its behalf by:


-------------------------------
Michael Stevenson
Director
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General Information
FlowAqua Limited is a private company, limited by shares, registered in Scotland, registration number SC779521, registration address Unit 26, Dunfermline Business Centre, Izatt Avenue, Dunfermline, Fife, KY11 3BZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of VAT and trade discounts. Turnover is recognised on the accruals basis.
Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The companys liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: 

Plant and machinery etc 33% on Cost
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average Number of Employees


Average number of employees during the period was 6.
3.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 18 August 2023  
Additions 8,285    8,285 
Disposals  
At 31 August 2024 8,285    8,285 
Depreciation
At 18 August 2023  
Charge for period 2,737    2,737 
On disposals  
At 31 August 2024 2,737    2,737 
Net book values
Closing balance as at 31 August 2024 5,548    5,548 
Opening balance as at 18 August 2023  


4.

Debtors: amounts falling due within one year

2024
£
Trade Debtors 154,298 
Other Debtors 1,038 
155,336 

5.

Creditors: amount falling due within one year

2024
£
Trade Creditors 42,454 
Taxation and Social Security 59,105 
Other Creditors 75,082 
176,641 

6.

Share Capital

Allotted, called up and fully paid
2024
£
99 Class A shares of £1.00 each 99 
99 

7.

Director’s loan

Related Party Transactions

Included in Other Creditors are amounts totalling £48,972 due by the company to the directors:
Particulars   Current
£
Michael Stevenson 16,324 
Richard Stenhouse 16,324 
Martin Myers 16,324 
 
The above amounts are unsecured, interest free and repayable on demand.
3