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REGISTERED NUMBER: SC341334 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

AQUATERRA TRAINING LIMITED

AQUATERRA TRAINING LIMITED (REGISTERED NUMBER: SC341334)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AQUATERRA TRAINING LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: E A Pacitti
P A Robinson
C E Cameron
I Sanderson
C A Gray





SECRETARY: Stronachs Secretaries Limited





REGISTERED OFFICE: 28 Albyn Place
Aberdeen
AB10 1YL





REGISTERED NUMBER: SC341334 (Scotland)





ACCOUNTANTS: Infinity Advisors Limited t/a Infinity Partnership
5 Carden Place
Aberdeen
AB10 1UT

AQUATERRA TRAINING LIMITED (REGISTERED NUMBER: SC341334)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 21,042 25,034
Investments 6 141,492 140,467
162,534 165,501

CURRENT ASSETS
Stocks 309,659 245,688
Debtors 7 1,098,866 949,875
Cash at bank and in hand 184,998 559,340
1,593,523 1,754,903
CREDITORS
Amounts falling due within one year 8 1,123,424 1,304,883
NET CURRENT ASSETS 470,099 450,020
TOTAL ASSETS LESS CURRENT
LIABILITIES

632,633

615,521

PROVISIONS FOR LIABILITIES 3,014 -
NET ASSETS 629,619 615,521

CAPITAL AND RESERVES
Called up share capital 124 104
Capital redemption reserve 146 146
Retained earnings 629,349 615,271
SHAREHOLDERS' FUNDS 629,619 615,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

AQUATERRA TRAINING LIMITED (REGISTERED NUMBER: SC341334)

Balance Sheet - continued
30 April 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 29 January 2025 and were signed on its behalf by:





P A Robinson - Director


AQUATERRA TRAINING LIMITED (REGISTERED NUMBER: SC341334)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

AquaTerra Training Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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.


AQUATERRA TRAINING LIMITED (REGISTERED NUMBER: SC341334)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued
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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 9 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 160,003
AMORTISATION
At 1 May 2023
and 30 April 2024 160,003
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

AQUATERRA TRAINING LIMITED (REGISTERED NUMBER: SC341334)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 69,154 47,144 19,900 136,198
Additions 2,069 3,600 - 5,669
At 30 April 2024 71,223 50,744 19,900 141,867
DEPRECIATION
At 1 May 2023 57,842 42,450 10,872 111,164
Charge for year 6,345 1,059 2,257 9,661
At 30 April 2024 64,187 43,509 13,129 120,825
NET BOOK VALUE
At 30 April 2024 7,036 7,235 6,771 21,042
At 30 April 2023 11,312 4,694 9,028 25,034

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023 140,467
Additions 220,763
Disposals (219,738 )
At 30 April 2024 141,492
NET BOOK VALUE
At 30 April 2024 141,492
At 30 April 2023 140,467

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 341,153 446,775
Amounts owed by participating interests 731,738 500,000
Prepayments and accrued income 25,975 3,100
1,098,866 949,875

AQUATERRA TRAINING LIMITED (REGISTERED NUMBER: SC341334)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 139,824 136,454
Amounts owed to participating interests 552,121 813,047
Tax 6,146 47,212
Social security and other taxes 11,090 8,196
VAT 15,914 16,544
Other creditors 7,997 5,931
Directors' current accounts 145,771 1,033
Accrued expenses 244,561 276,466
1,123,424 1,304,883

9. ULTIMATE CONTROLLING PARTY

The controlling party is P A Robinson.