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REGISTERED NUMBER: 02996703 (England and Wales)















GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 MAY 2024

FOR

AQUA HOLDINGS LIMITED

AQUA HOLDINGS LIMITED (REGISTERED NUMBER: 02996703)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MAY 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Consolidated Income Statement 7

Consolidated Other Comprehensive Income 8

Consolidated Balance Sheet 9

Company Balance Sheet 10

Consolidated Statement of Changes in Equity 11

Company Statement of Changes in Equity 12

Consolidated Cash Flow Statement 13

Notes to the Consolidated Cash Flow Statement 14

Notes to the Consolidated Financial Statements 15


AQUA HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 MAY 2024







DIRECTORS: K S Palak
H S Palak
A Palak





SECRETARY: Mr. K S Palak





REGISTERED OFFICE: Aqua House
Buttress Way
Smethwick
West Midlands
B66 3DL





REGISTERED NUMBER: 02996703 (England and Wales)

AQUA HOLDINGS LIMITED (REGISTERED NUMBER: 02996703)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 29 MAY 2024

The directors present their strategic report of the company and the group for the year ended 29 May 2024.

REVIEW OF BUSINESS
The company has experienced a small sales growth in the year ending 29 May 2024, following on from a decline in growth in the previous reporting period. The company's gross profit margins also increased from 21% to 23%, which is a positive development. We attribute this steadiness to the realignment of pricing to reflect exchange rate conditions and new patterns in buyers behaviour. The company faced increased competition in the market, but our client retention rate remained stable, and the company made a small loss.

The liquidity rate of the company was stable during the year, with no borrowings compared to the previous year. As a consequence the directors have decided to pass a modest return to shareholders by way of a dividend, which demonstrates the company's commitment to shareholder value.

By taking good care as we undertake our business in the present we will ensure the long-term sustainability of our business in the future. At the heart of our operation we consider carefully how we interact with the world around us, work hard to minimise our impact and strive to make a positive contribution, taking on board the views of all of our key stakeholders. Corporate Responsibility is a specific business discipline that takes a proactive approach to forward thinking management. It recognises that business decisions have to consider social and environmental factors alongside economic ones. We care about where our garments and material come from, how it is produced, the people who make it and how it is moved & sold.

After the recent economic and political uncertainty due to the global pandemic and Brexit, we at Aqua Holdings Limited are trying our best to keep our business running as smoothly as possible by insuring that we provide support needed by our subsidiary companies in any form or way.

We are an equal opportunities employer, committed to giving fair and equal treatment to all employees and job applicants in terms of recruitment, pay conditions, promotions, training and all employment matters regardless of their race, sex, ethnic background or religious beliefs, sexual orientation or disabilities. An equal opportunities policy is in force which aims to ensure that all employees are selected, trained, compensated, promoted and transferred solely on the strength of their ability, skills, qualifications and merit. We also believe that all employees have a right to work in an environment free from discrimination and bullying.

ON BEHALF OF THE BOARD:





K S Palak - Director


28 February 2025

AQUA HOLDINGS LIMITED (REGISTERED NUMBER: 02996703)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 29 MAY 2024

The directors present their report with the financial statements of the company and the group for the year ended 29 May 2024.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of wholesale of industrial work garments and associated products.

DIVIDENDS
No dividends will be distributed for the year ended 29 May 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 30 May 2023 to the date of this report.

K S Palak
H S Palak
A Palak

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, Thapers Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





K S Palak - Director


28 February 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
AQUA HOLDINGS LIMITED

Opinion
We have audited the financial statements of Aqua Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 29 May 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 29 May 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
AQUA HOLDINGS LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

**ERROR - DATA SCREEN - DETECTING IRREGULARITIES - TEXT SHOULD BE ENTERED HERE

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
AQUA HOLDINGS LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Andeep Kumar Mangal F.C.A. (Senior Statutory Auditor)
for and on behalf of Thapers Limited
Chartered Accountants
Harpal House
14 Holyhead Road
Handsworth
Birmingham
West Midlands
B21 0LT

28 February 2025

AQUA HOLDINGS LIMITED (REGISTERED NUMBER: 02996703)

CONSOLIDATED
INCOME STATEMENT
FOR THE YEAR ENDED 29 MAY 2024

29/5/24 29/5/23
Notes £    £   

TURNOVER 9,869,515 8,345,730

Cost of sales 7,553,264 6,519,767
GROSS PROFIT 2,316,251 1,825,963

Administrative expenses 2,327,292 1,856,054
(11,041 ) (30,091 )

Other operating income 302,601 272,486
OPERATING PROFIT 4 291,560 242,395

Interest receivable and similar income 657 208
292,217 242,603

Interest payable and similar expenses 5 12,337 6,124
PROFIT BEFORE TAXATION 279,880 236,479

Tax on profit 6 64,026 25,746
PROFIT FOR THE FINANCIAL YEAR 215,854 210,733
Profit attributable to:
Owners of the parent 215,854 210,733

AQUA HOLDINGS LIMITED (REGISTERED NUMBER: 02996703)

CONSOLIDATED
OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 29 MAY 2024

29/5/24 29/5/23
Notes £    £   

PROFIT FOR THE YEAR 215,854 210,733


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

215,854

210,733

Total comprehensive income attributable to:
Owners of the parent 215,854 210,733

AQUA HOLDINGS LIMITED (REGISTERED NUMBER: 02996703)

CONSOLIDATED BALANCE SHEET
29 MAY 2024

29/5/24 29/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 766,287 747,600
Investments 9 1,100 1,100
Investment property 10 1,302,684 1,302,684
2,070,071 2,051,384

CURRENT ASSETS
Stocks 11 1,458,396 2,475,808
Debtors 12 11,734,893 11,463,032
Cash at bank and in hand 3,783,679 1,191,345
16,976,968 15,130,185
CREDITORS
Amounts falling due within one year 13 9,475,840 7,789,212
NET CURRENT ASSETS 7,501,128 7,340,973
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,571,199

9,392,357

CREDITORS
Amounts falling due after more than one
year

14

153,000

190,011
NET ASSETS 9,418,199 9,202,346

CAPITAL AND RESERVES
Called up share capital 16 32,250 32,250
Retained earnings 17 9,385,949 9,170,096
SHAREHOLDERS' FUNDS 9,418,199 9,202,346

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by:





K S Palak - Director


AQUA HOLDINGS LIMITED (REGISTERED NUMBER: 02996703)

COMPANY BALANCE SHEET
29 MAY 2024

29/5/24 29/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 - -
Investments 9 13,600 13,600
Investment property 10 - -
13,600 13,600

CURRENT ASSETS
Debtors 12 5,608,843 4,351,400
Cash at bank and in hand 342,122 13,313
5,950,965 4,364,713
CREDITORS
Amounts falling due within one year 13 5,768,446 4,256,812
NET CURRENT ASSETS 182,519 107,901
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,119

121,501

CAPITAL AND RESERVES
Called up share capital 16 31,250 31,250
Retained earnings 17 164,869 90,251
SHAREHOLDERS' FUNDS 196,119 121,501

Company's profit for the financial year 74,618 24,673

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by:





K S Palak - Director


AQUA HOLDINGS LIMITED (REGISTERED NUMBER: 02996703)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 29 MAY 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 30 May 2022 32,250 8,959,363 8,991,613

Changes in equity
Total comprehensive income - 210,733 210,733
Balance at 29 May 2023 32,250 9,170,096 9,202,346

Changes in equity
Total comprehensive income - 215,854 215,854
Balance at 29 May 2024 32,250 9,385,950 9,418,200

AQUA HOLDINGS LIMITED (REGISTERED NUMBER: 02996703)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 29 MAY 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 30 May 2022 31,250 65,578 96,828

Changes in equity
Total comprehensive income - 24,673 24,673
Balance at 29 May 2023 31,250 90,251 121,501

Changes in equity
Total comprehensive income - 74,618 74,618
Balance at 29 May 2024 31,250 164,869 196,119

AQUA HOLDINGS LIMITED (REGISTERED NUMBER: 02996703)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 29 MAY 2024

29/5/24 29/5/23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 3,163,696 (3,435,804 )
Interest paid (12,337 ) (6,124 )
Tax paid (31,175 ) (9,656 )
Net cash from operating activities 3,120,184 (3,451,584 )

Cash flows from investing activities
Purchase of tangible fixed assets (24,256 ) (29,891 )
Interest received 657 208
Net cash from investing activities (23,599 ) (29,683 )

Cash flows from financing activities
Loan repayments in year - 100,011
Amount introduced by directors 20,333 7,543
Amount withdrawn by directors (524,584 ) (4,630 )
Net cash from financing activities (504,251 ) 102,924

Increase/(decrease) in cash and cash equivalents 2,592,334 (3,378,343 )
Cash and cash equivalents at beginning of
year

2

1,191,345

4,569,688

Cash and cash equivalents at end of year 2 3,783,679 1,191,345

AQUA HOLDINGS LIMITED (REGISTERED NUMBER: 02996703)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 29 MAY 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

29/5/24 29/5/23
£    £   
Profit before taxation 279,880 236,479
Depreciation charges 7,970 10,295
Finance costs 12,337 6,124
Finance income (657 ) (208 )
299,530 252,690
Decrease/(increase) in stocks 1,017,412 (390,148 )
Decrease/(increase) in trade and other debtors 1,403,136 (3,563,557 )
Increase in trade and other creditors 443,618 265,211
Cash generated from operations 3,163,696 (3,435,804 )

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 29 May 2024
29.5.24 30.5.23
£    £   
Cash and cash equivalents 3,783,679 1,191,345
Year ended 29 May 2023
29.5.23 30.5.22
£    £   
Cash and cash equivalents 1,191,345 4,569,688


3. ANALYSIS OF CHANGES IN NET FUNDS

At 30.5.23 Cash flow At 29.5.24
£    £    £   
Net cash
Cash at bank and in hand 1,191,345 2,592,334 3,783,679
1,191,345 2,592,334 3,783,679
Debt
Debts falling due after 1 year (190,011 ) 37,011 (153,000 )
(190,011 ) 37,011 (153,000 )
Total 1,001,334 2,629,345 3,630,679

AQUA HOLDINGS LIMITED (REGISTERED NUMBER: 02996703)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MAY 2024

1. STATUTORY INFORMATION

Aqua Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General 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" 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 50% on cost, 33% on cost and 15% on cost
Motor vehicles - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Consolidated 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 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.

AQUA HOLDINGS LIMITED (REGISTERED NUMBER: 02996703)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MAY 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS
29/5/24 29/5/23
£    £   
Wages and salaries 1,170,864 1,168,538
Social security costs 95,906 97,625
Other pension costs 18,399 17,113
1,285,169 1,283,276

The average number of employees during the year was as follows:
29/5/24 29/5/23

Accounts 3 5
Sales & Marketing 14 17
Warehouse 24 20
Purchasing 3 6
Management 4 2
IT 1 1
49 51

The average number of employees by undertakings that were proportionately consolidated during the year was 49 (2023 - 51 ) .

29/5/24 29/5/23
£    £   
Directors' remuneration 24,000 24,000

4. OPERATING PROFIT

The operating profit is stated after charging:

29/5/24 29/5/23
£    £   
Hire of plant and machinery 392 792
Other operating leases 51,708 37,522
Depreciation - owned assets 7,792 10,295
Auditors' remuneration 9,000 9,000

5. INTEREST PAYABLE AND SIMILAR EXPENSES
29/5/24 29/5/23
£    £   
Bank loan interest 12,337 6,124

AQUA HOLDINGS LIMITED (REGISTERED NUMBER: 02996703)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MAY 2024

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
29/5/24 29/5/23
£    £   
Current tax:
UK corporation tax 64,026 25,746
Tax on profit 64,026 25,746

7. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


8. TANGIBLE FIXED ASSETS

Group
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 30 May 2023 672,153 67,521 331,242
Additions - - 1,026
Reclassification/transfer - - -
At 29 May 2024 672,153 67,521 332,268
DEPRECIATION
At 30 May 2023 - 20,566 313,242
Charge for year - 1,351 2,661
Reclassification/transfer - - -
At 29 May 2024 - 21,917 315,903
NET BOOK VALUE
At 29 May 2024 672,153 45,604 16,365
At 29 May 2023 672,153 46,955 18,000

AQUA HOLDINGS LIMITED (REGISTERED NUMBER: 02996703)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MAY 2024

8. TANGIBLE FIXED ASSETS - continued

Group

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 30 May 2023 136,146 93,390 1,300,452
Additions 23,230 - 24,256
Reclassification/transfer 8,891 (8,891 ) -
At 29 May 2024 168,267 84,499 1,324,708
DEPRECIATION
At 30 May 2023 132,322 86,722 552,852
Charge for year 3,780 - 7,792
Reclassification/transfer - (2,223 ) (2,223 )
At 29 May 2024 136,102 84,499 558,421
NET BOOK VALUE
At 29 May 2024 32,165 - 766,287
At 29 May 2023 3,824 6,668 747,600

9. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
29/5/24 29/5/23
£    £   
Share Investments 1,100 1,100
Company

Investments (neither listed nor unlisted) were as follows:
29/5/24 29/5/23
£    £   
Share Investments 13,600 13,600


AQUA HOLDINGS LIMITED (REGISTERED NUMBER: 02996703)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MAY 2024

9. FIXED ASSET INVESTMENTS - continued


The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

FUTURE GARMENTS LIMITED
Registered office:
Nature of business: Manufacture and wholesale of workwear and footwear
%
Class of shares: holding
Ordinary 100.00
29/5/24 29/5/23
£    £   
Aggregate capital and reserves 8,476,201 8,436,216
Profit for the year 114,985 151,031

STRATUM PROPERTIES PTE LTD
Registered office:
Nature of business: Rental investment property
%
Class of shares: holding
Ordinary 100.00
29/5/24 29/5/23
£    £   
Aggregate capital and reserves 644,700 575,585
Profit for the year 69,115 32,676

Pivot Investments Limited
Registered office:
Nature of business: Rental investment property
%
Class of shares: holding
ordinary shares 100.00
29/5/24 29/5/23
£    £   
Aggregate capital and reserves 100,180 69,044
Profit for the year 32,136 27,354


AQUA HOLDINGS LIMITED (REGISTERED NUMBER: 02996703)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MAY 2024

10. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
At 30 May 2023
and 29 May 2024 1,302,684
NET BOOK VALUE
At 29 May 2024 1,302,684
At 29 May 2023 1,302,684

11. STOCKS

Group
29/5/24 29/5/23
£    £   
Stocks 1,458,396 2,475,808

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
29/5/24 29/5/23 29/5/24 29/5/23
£    £    £    £   
Trade debtors 1,676,270 731,176 - -
Other debtors 6,821,723 7,564,956 1,976,000 1,184,500
Short Term Loan=Rose Capital 3,024,000 2,959,000 3,024,000 2,959,000
Other Debtors 207,900 207,900 207,900 207,900
Deferred Taxation( See below) 5,000 - 5,000 -
Stratum Properties - - 395,943 -
11,734,893 11,463,032 5,608,843 4,351,400

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
29/5/24 29/5/23 29/5/24 29/5/23
£    £    £    £   
Trade creditors 1,998,004 1,522,730 - -
Corporation tax payable 66,027 33,176 - -
Social security and other taxes 29,586 23,261 - -
Misc Payroll Ded'ns - 1,828 - -
VAT 218,801 267,221 - -
Other creditors 6,739,512 5,013,109 5,768,446 4,256,812
Directors' current accounts 422,910 927,161 - -
Accrued expenses 1,000 726 - -
9,475,840 7,789,212 5,768,446 4,256,812

AQUA HOLDINGS LIMITED (REGISTERED NUMBER: 02996703)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MAY 2024

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group
29/5/24 29/5/23
£    £   
Bank loans (see note 15) 153,000 190,011

15. LOANS

An analysis of the maturity of loans is given below:

Group
29/5/24 29/5/23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 153,000 190,011

16. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29/5/24 29/5/23
value: £    £   
31,250 ordinary Shares £1 32,250 32,250

17. RESERVES

Group
Retained
earnings
£   

At 30 May 2023 9,170,095
Profit for the year 215,854
At 29 May 2024 9,385,949

Company
Retained
earnings
£   

At 30 May 2023 90,251
Profit for the year 74,618
At 29 May 2024 164,869