Tewkesbury Aquatics Limited 14641511 false 2023-02-06 2024-02-28 2024-02-28 The principal activity of the company is Sales of fish and aquatic equipment Digita Accounts Production Advanced 6.30.9574.0 true true 14641511 2023-02-06 2024-02-28 14641511 2024-02-28 14641511 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-28 14641511 core:FurnitureFittingsToolsEquipment 2024-02-28 14641511 bus:FRS102 2023-02-06 2024-02-28 14641511 bus:AuditExemptWithAccountantsReport 2023-02-06 2024-02-28 14641511 bus:FullAccounts 2023-02-06 2024-02-28 14641511 bus:RegisteredOffice 2023-02-06 2024-02-28 14641511 bus:Director1 2023-02-06 2024-02-28 14641511 bus:PrivateLimitedCompanyLtd 2023-02-06 2024-02-28 14641511 core:FurnitureFittingsToolsEquipment 2023-02-06 2024-02-28 14641511 countries:EnglandWales 2023-02-06 2024-02-28 iso4217:GBP xbrli:pure

Registration number: 14641511

Tewkesbury Aquatics Limited

Annual Report and Unaudited Financial Statements

for the Period from 6 February 2023 to 28 February 2024

 

Tewkesbury Aquatics Limited

Contents

Company Information

1

Director's Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Tewkesbury Aquatics Limited

Company Information

Director

Mr Robert William Doswell

Registered office

7 Church Street
Tewkesbury
GL20 5PA

Accountants

Clements Tax Associates Limited
Midway House Herrick Way
Staverton
Cheltenham
Gloucestershire
GL51 6TQ

 

Tewkesbury Aquatics Limited

Director's Report for the Period from 6 February 2023 to 28 February 2024

The director presents his report and the financial statements for the period from 6 February 2023 to 28 February 2024.

Incorporation

The company was incorporated and commenced trading on 6 February 2023.

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved and authorised by the director on 5 February 2025
 

.........................................
Mr Robert William Doswell
Director

 

Tewkesbury Aquatics Limited

(Registration number: 14641511)
Balance Sheet as at 28 February 2024

Note

2024
£

Fixed assets

 

Tangible assets

6

9 711

Current assets

 

Stocks

7

500

Cash at bank and in hand

 

520

 

1 020

Creditors: Amounts falling due within one year

9

(30 543)

Net current liabilities

 

(29 523)

Net liabilities

 

(19 812)

Capital and reserves

 

Retained earnings

(19 812)

Shareholders' deficit

 

(19 812)

For the financial period ending 28 February 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 5 February 2025
 

.........................................
Mr Robert William Doswell
Director

 

Tewkesbury Aquatics Limited

Notes to the Unaudited Financial Statements for the Period from 6 February 2023 to 28 February 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:
7 Church Street
Tewkesbury
GL20 5PA
England

These financial statements were authorised for issue by the director on 5 February 2025.

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

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities 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.

Going concern

The financial statements have been prepared on a going concern basis.

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 sales/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.

Tangible assets

Tangible assets are stated in the balance sheet 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.

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:

 

Tewkesbury Aquatics Limited

Notes to the Unaudited Financial Statements for the Period from 6 February 2023 to 28 February 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Turnover

The analysis of the company's revenue for the period from continuing operations is as follows:

6 February 2023 to 28 February 2024
 £

Sale of goods

9 286

4

Operating loss

Arrived at after charging/(crediting)

6 February 2023 to 28 February 2024
 £

Depreciation expense

3 237

5

Staff costs

The average number of persons employed by the company (including the director) during the period, was 0.

 

Tewkesbury Aquatics Limited

Notes to the Unaudited Financial Statements for the Period from 6 February 2023 to 28 February 2024

6

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

12 948

12 948

At 28 February 2024

12 948

12 948

Depreciation

Charge for the period

3 237

3 237

At 28 February 2024

3 237

3 237

Carrying amount

At 28 February 2024

9 711

9 711

7

Stocks

28 February 2024
 £

Other inventories

500

8

Cash and cash equivalents

28 February 2024
 £

Cash at bank

520

9

Creditors

Note

28 February 2024
 £

Due within one year

 

Amounts due to related parties

29 763

Accrued expenses

 

780

 

30 543