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REGISTERED NUMBER: 12069548 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

AquasoftUK Ltd

AquasoftUK Ltd (Registered number: 12069548)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AquasoftUK Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: T H Coldbeck





REGISTERED OFFICE: Dane John Works
Gordon Road
Canterbury
Kent
CT1 3PP





REGISTERED NUMBER: 12069548 (England and Wales)





ACCOUNTANTS: A.K & Co (Accountancy Services) Ltd
19 Victoria Terrace
Hove
East Sussex
BN3 2WB

AquasoftUK Ltd (Registered number: 12069548)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,000 13,000
Tangible assets 5 11,517 31,417
Investments 6 80,000 80,000
102,517 124,417

CURRENT ASSETS
Stocks 41,224 40,463
Debtors 7 97,820 32,290
Cash at bank and in hand 49,124 46,028
188,168 118,781
CREDITORS
Amounts falling due within one year 8 270,710 214,009
NET CURRENT LIABILITIES (82,542 ) (95,228 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,975

29,189

PROVISIONS FOR LIABILITIES - 5,969
NET ASSETS 19,975 23,220

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 19,974 23,219
19,975 23,220

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

AquasoftUK Ltd (Registered number: 12069548)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 March 2025 and were signed by:





T H Coldbeck - Director


AquasoftUK Ltd (Registered number: 12069548)

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

1. STATUTORY INFORMATION

AquasoftUK Ltd 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 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 2020, 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 each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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 Statement of Income and Retained Earnings, 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.

AquasoftUK Ltd (Registered number: 12069548)

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

2. ACCOUNTING POLICIES - continued

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 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 20,000
AMORTISATION
At 1 July 2023 7,000
Charge for year 2,000
At 30 June 2024 9,000
NET BOOK VALUE
At 30 June 2024 11,000
At 30 June 2023 13,000

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 34,499 19,583 14,578 68,660
Additions - - 500 500
Disposals (25,000 ) - - (25,000 )
At 30 June 2024 9,499 19,583 15,078 44,160
DEPRECIATION
At 1 July 2023 21,697 4,896 10,650 37,243
Charge for year 175 4,896 2,829 7,900
Eliminated on disposal (12,500 ) - - (12,500 )
At 30 June 2024 9,372 9,792 13,479 32,643
NET BOOK VALUE
At 30 June 2024 127 9,791 1,599 11,517
At 30 June 2023 12,802 14,687 3,928 31,417

AquasoftUK Ltd (Registered number: 12069548)

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

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 80,000
NET BOOK VALUE
At 30 June 2024 80,000
At 30 June 2023 80,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 34,035 27,763
Other debtors 62,686 4,527
Deferred tax asset 1,099 -
97,820 32,290

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 35,500 35,500
Hire purchase contracts - 16,931
Trade creditors 54,808 49,418
Tax 33,951 24,831
Social security and other taxes 60,333 27,295
Wages owed 10,777 -
VAT 74,428 37,921
Pensions 660 544
Directors' current accounts 53 21,569
Accrued expenses 200 -
270,710 214,009

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
T H Coldbeck
Balance outstanding at start of year (21,569 ) (70,812 )
Amounts advanced 50,217 58,576
Amounts repaid (28,701 ) (9,333 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (53 ) (21,569 )