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REGISTERED NUMBER: SC413927 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Aqueous Beauty Limited

Aqueous Beauty Limited (Registered number: SC413927)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aqueous Beauty Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr P A Morgan
Mrs E Morgan





REGISTERED OFFICE: 3 Fleeman Way
Longside
Peterhead
Aberdeenshire
AB42 4SU





REGISTERED NUMBER: SC413927 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Aqueous Beauty Limited (Registered number: SC413927)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 124,628 175,783
Investment property 5 80,000 80,000
204,628 255,783

CURRENT ASSETS
Stocks 3,000 2,000
Debtors 6 598 1,034
Cash at bank and in hand 6,409 5,886
10,007 8,920
CREDITORS
Amounts falling due within one year 7 195,280 190,782
NET CURRENT LIABILITIES (185,273 ) (181,862 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,355

73,921

PROVISIONS FOR LIABILITIES 519 -
NET ASSETS 18,836 73,921

CAPITAL AND RESERVES
Called up share capital 75 75
Fair value reserve 8 (7,502 ) (7,502 )
Retained earnings 8 26,263 81,348
SHAREHOLDERS' FUNDS 18,836 73,921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Aqueous Beauty Limited (Registered number: SC413927)

Balance Sheet - continued
31 December 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 19 March 2025 and were signed on its behalf by:





Mrs E Morgan - Director


Aqueous Beauty Limited (Registered number: SC413927)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Aqueous Beauty 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers. Revenue is recognised at the point of sale of goods and the point services are provided.

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
Fittings & equipment - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Investment property
The investment properties were valued at fair value on 31 December 2024 by the company directors. Losses are recognised in the income statement.

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.

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.

Aqueous Beauty Limited (Registered number: SC413927)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Fittings
property property & equipmen
£    £    £   
COST
At 1 January 2024 80,320 104,619 20,902
Additions - - 370
Disposals - (56,442 ) (4,329 )
At 31 December 2024 80,320 48,177 16,943
DEPRECIATION
At 1 January 2024 4,819 6,269 20,470
Charge for year 1,607 963 185
Eliminated on disposal - (3,386 ) (4,119 )
At 31 December 2024 6,426 3,846 16,536
NET BOOK VALUE
At 31 December 2024 73,894 44,331 407
At 31 December 2023 75,501 98,350 432

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 2,000 707 208,548
Additions 7,995 - 8,365
Disposals (2,000 ) (432 ) (63,203 )
At 31 December 2024 7,995 275 153,710
DEPRECIATION
At 1 January 2024 500 707 32,765
Charge for year 1,999 - 4,754
Eliminated on disposal (500 ) (432 ) (8,437 )
At 31 December 2024 1,999 275 29,082
NET BOOK VALUE
At 31 December 2024 5,996 - 124,628
At 31 December 2023 1,500 - 175,783

Aqueous Beauty Limited (Registered number: SC413927)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 80,000
NET BOOK VALUE
At 31 December 2024 80,000
At 31 December 2023 80,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2022 7,498
Valuation in 2023 (15,000 )
Cost 87,502
80,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 598 1,034

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 22 150
Other creditors 195,258 190,632
195,280 190,782

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2024 81,348 (7,502 ) 73,846
Deficit for the year (55,085 ) (55,085 )
At 31 December 2024 26,263 (7,502 ) 18,761

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs E Morgan.