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AQUAIR INTERNATIONAL LIMITED

Registered Number
02689851
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

AQUAIR INTERNATIONAL LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Directors

HORRILL, Jeremy Lloyd
HORRILL, John David Victor

Company Secretary

HORRILL, Carol Mary

Registered Address

Fircroft, Chester Road
Kelsall
Chester
CW6 0RN

Registered Number

02689851 (England and Wales)
AQUAIR INTERNATIONAL LIMITED
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3627,026646,436
627,026646,436
Current assets
Stocks423,96522,575
Debtors11,2914,500
Cash at bank and on hand156,336275,259
191,592302,334
Creditors amounts falling due within one year5(242,818)(313,469)
Net current assets (liabilities)(51,226)(11,135)
Total assets less current liabilities575,800635,301
Creditors amounts falling due after one year6(291,389)(337,513)
Provisions for liabilities7(14,253)(15,471)
Net assets270,158282,317
Capital and reserves
Profit and loss account270,158282,317
Shareholders' funds270,158282,317
The financial statements were approved and authorised for issue by the Board of Directors on 23 January 2025, and are signed on its behalf by:
HORRILL, Jeremy Lloyd
Director
Registered Company No. 02689851
AQUAIR INTERNATIONAL LIMITED
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Land and buildings-50
Fixtures and fittings10-
Office Equipment20-
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year3831
3.Tangible fixed assets

Land & buildings

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 May 23632,125474,10311,0061,117,234
Additions-1,758-1,758
At 30 April 24632,125475,86111,0061,118,992
Depreciation and impairment
At 01 May 2384,513375,96010,325470,798
Charge for year11,0429,99013621,168
At 30 April 2495,555385,95010,461491,966
Net book value
At 30 April 24536,57089,911545627,026
At 30 April 23547,61298,143681646,436
4.Stocks

2024

2023

££
Raw materials and consumables23,96522,575
Total23,96522,575
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables49,43767,246
Bank borrowings and overdrafts30,08430,084
Taxation and social security52,43957,129
Other creditors103,858144,842
Accrued liabilities and deferred income7,00014,168
Total242,818313,469
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts268,389314,513
Other creditors23,00023,000
Total291,389337,513
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)14,25315,471
Total14,25315,471