Company Registration No. 06624394 (England and Wales)
Aquatek (northern) Limited
Unaudited accounts
for the year ended 30 June 2024
Aquatek (northern) Limited
Unaudited accounts
Contents
Aquatek (northern) Limited
Company Information
for the year ended 30 June 2024
Company Number
06624394 (England and Wales)
Registered Office
Aqautek Northern Ltd
Ironworks Road
Barrow-in-Furness
Cumbria
LA14 2PG
England
Accountants
EHA Accountancy Ltd
2 Lower Brook Street
Ulverston
Cumbria
LA12 7EE
Aquatek (northern) Limited
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
11,579
7,209
Creditors: amounts falling due within one year
(11,999)
(15,528)
Net current assets/(liabilities)
205
(7,547)
Total assets less current liabilities
831
(7,225)
Creditors: amounts falling due after more than one year
(6,239)
(9,624)
Net liabilities
(5,408)
(16,849)
Called up share capital
100
100
Profit and loss account
(5,508)
(16,949)
Shareholders' funds
(5,408)
(16,849)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 February 2025 and were signed on its behalf by
Sean Hunter
Director
Company Registration No. 06624394
Aquatek (northern) Limited
Notes to the Accounts
for the year ended 30 June 2024
Aquatek (northern) Limited is a private company, limited by shares, registered in England and Wales, registration number 06624394. The registered office is Aqautek Northern Ltd, Ironworks Road , Barrow-in-Furness, Cumbria, LA14 2PG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% straight line
Motor vehicles
20% straight line
Computer equipment
33% straight line
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Aquatek (northern) Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
4,094
4,000
712
8,806
At 30 June 2024
4,485
4,000
712
9,197
At 1 July 2023
3,775
3,999
710
8,484
Charge for the year
87
-
-
87
At 30 June 2024
3,862
3,999
710
8,571
At 30 June 2024
623
1
2
626
At 30 June 2023
319
1
2
322
Amounts falling due within one year
Accrued income and prepayments
375
495
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,240
3,240
Taxes and social security
3,194
387
Loans from directors
5,565
11,901
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
Included within creditors is an amount due to the director of £5,565 (2023: £11,901) this is on an unsecured interest free basis.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).