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REGISTERED NUMBER: SC580613 (Scotland)















Unaudited Financial Statements

for the Period 1 December 2023 to 31 May 2024

for

Aqualiance Ltd

Aqualiance Ltd (Registered number: SC580613)






Contents of the Financial Statements
for the Period 1 December 2023 to 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Aqualiance Ltd

Company Information
for the Period 1 December 2023 to 31 May 2024







DIRECTORS: Mr Dennis Kelly
Ms Laura Leslie





REGISTERED OFFICE: 2 Griffith Lane
Cambuslang
Glasgow
South Lanarkshire
G72 7RR





REGISTERED NUMBER: SC580613 (Scotland)





ACCOUNTANTS: Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG

Aqualiance Ltd (Registered number: SC580613)

Balance Sheet
31 May 2024

31.5.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,815 1,508

CURRENT ASSETS
Debtors 5 46,362 35,674
Cash at bank 28,395 17,251
74,757 52,925
CREDITORS
Amounts falling due within one year 6 39,425 40,736
NET CURRENT ASSETS 35,332 12,189
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,147

13,697

PROVISIONS FOR LIABILITIES - 204
NET ASSETS 38,147 13,493

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 38,047 13,393
38,147 13,493

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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.

Aqualiance Ltd (Registered number: SC580613)

Balance Sheet - continued
31 May 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 3 October 2024 and were signed on its behalf by:





Mr Dennis Kelly - Director


Aqualiance Ltd (Registered number: SC580613)

Notes to the Financial Statements
for the Period 1 December 2023 to 31 May 2024

1. STATUTORY INFORMATION

Aqualiance Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

I confirm that in accordance with the Financial Reporting Council’s recommendations that I have carried out a rigorous assessment of the company and have reached a view after that assessment that the company is entitled to be considered a going concern and that these accounts properly reflect that status as a basis for preparation of the accounts.

In completing my assessment, I have considered a period of time which is greater than 1 year from today's date.

Based upon my assessment, I consider that the disclosure in the accounts is balanced, proportionate and clear and reflects the facts as established during my assessment of the next twelve months.

Turnover
Turnover is the amount derived from the ordinary activities of the company, after trade discounts and excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Taxation
Taxation for the period 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

Aqualiance Ltd (Registered number: SC580613)

Notes to the Financial Statements - continued
for the Period 1 December 2023 to 31 May 2024

2. ACCOUNTING POLICIES - continued

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 period was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 3,886
Additions 2,038
At 31 May 2024 5,924
DEPRECIATION
At 1 December 2023 2,378
Charge for period 731
At 31 May 2024 3,109
NET BOOK VALUE
At 31 May 2024 2,815
At 30 November 2023 1,508

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 30.11.23
£    £   
Trade debtors 46,362 35,459
Other debtors - 215
46,362 35,674

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 30.11.23
£    £   
Trade creditors - 212
Taxation and social security 32,987 19,824
Other creditors 6,438 20,700
39,425 40,736

Aqualiance Ltd (Registered number: SC580613)

Notes to the Financial Statements - continued
for the Period 1 December 2023 to 31 May 2024

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Dennis Kelly.

Aqualiance Ltd

Report of the Accountants to the Directors of
Aqualiance Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31 May 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG


3 October 2024