Company No:
Contents
Note | 30.06.2024 | 30.06.2023 | ||
£ | £ | |||
Fixed assets | ||||
Intangible assets | 3 |
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Tangible assets | 4 |
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401,421 | 445,435 | |||
Current assets | ||||
Debtors | 5 |
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Cash at bank and in hand |
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26,308 | 22,171 | |||
Creditors: amounts falling due within one year | 6 | (
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Net current liabilities | (306,886) | (282,467) | ||
Total assets less current liabilities | 94,535 | 162,968 | ||
Creditors: amounts falling due after more than one year | 7 | (
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Net liabilities | (
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account | (
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Total shareholders' deficit | (
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Directors' responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Acqua Beach Limited (registered number:
Miss A Smith
Director |
Mr R Spare
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.
Acqua Beach Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £159,006. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Goodwill |
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Land and buildings |
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Plant and machinery |
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Fixtures and fittings |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Year ended 30.06.2024 |
Period from 13.06.2022 to 30.06.2023 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Goodwill | Total | ||
£ | £ | ||
Cost | |||
At 01 July 2023 |
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At 30 June 2024 |
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Accumulated amortisation | |||
At 01 July 2023 |
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Charge for the financial year |
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At 30 June 2024 |
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Net book value | |||
At 30 June 2024 |
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At 30 June 2023 |
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Land and buildings | Plant and machinery | Fixtures and fittings | Total | ||||
£ | £ | £ | £ | ||||
Cost | |||||||
At 01 July 2023 |
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Additions |
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At 30 June 2024 |
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Accumulated depreciation | |||||||
At 01 July 2023 |
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Charge for the financial year |
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At 30 June 2024 |
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Net book value | |||||||
At 30 June 2024 |
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At 30 June 2023 |
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30.06.2024 | 30.06.2023 | ||
£ | £ | ||
Trade debtors |
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Other debtors |
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30.06.2024 | 30.06.2023 | ||
£ | £ | ||
Bank loans (secured) |
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Trade creditors |
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Other taxation and social security |
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Other creditors |
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30.06.2024 | 30.06.2023 | ||
£ | £ | ||
Bank loans (secured) |
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Commitments
Capital commitments are as follows:
30.06.2024 | 30.06.2023 | ||
£ | £ | ||
Contracted for but not provided for: | |||
Other | 1,047,200 | 1,078,000 |
The total amount of financial commitments not included in the balance sheet is £1,047,200 (2023 - £1,078,000). This relates to a non-cancellable operating lease over the business premises.
Transactions with the entity's directors
During the year the directors maintained an interest-free loan with the company which is repayable on demand. At the balance sheet date, the amount due from the company was £302,686. (2023 - £281,006)