IRIS Accounts Production v24.3.2.46 06939763 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069397632023-06-30069397632024-06-30069397632023-07-012024-06-30069397632022-06-30069397632022-07-012023-06-30069397632023-06-3006939763ns15:EnglandWales2023-07-012024-06-3006939763ns14:PoundSterling2023-07-012024-06-3006939763ns10:Director12023-07-012024-06-3006939763ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3006939763ns10:SmallEntities2023-07-012024-06-3006939763ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3006939763ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3006939763ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3006939763ns10:FullAccounts2023-07-012024-06-300693976312023-07-012024-06-3006939763ns10:Director22023-07-012024-06-3006939763ns10:RegisteredOffice2023-07-012024-06-3006939763ns5:CurrentFinancialInstruments2024-06-3006939763ns5:CurrentFinancialInstruments2023-06-3006939763ns5:Non-currentFinancialInstruments2024-06-3006939763ns5:Non-currentFinancialInstruments2023-06-3006939763ns5:ShareCapital2024-06-3006939763ns5:ShareCapital2023-06-3006939763ns5:RetainedEarningsAccumulatedLosses2024-06-3006939763ns5:RetainedEarningsAccumulatedLosses2023-06-3006939763ns5:NetGoodwill2023-07-012024-06-3006939763ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3006939763ns5:FurnitureFittings2023-07-012024-06-3006939763ns5:MotorVehicles2023-07-012024-06-3006939763ns5:NetGoodwill2023-06-3006939763ns5:NetGoodwill2024-06-3006939763ns5:NetGoodwill2023-06-3006939763ns5:FurnitureFittings2023-06-3006939763ns5:MotorVehicles2023-06-3006939763ns5:FurnitureFittings2024-06-3006939763ns5:MotorVehicles2024-06-3006939763ns5:FurnitureFittings2023-06-3006939763ns5:MotorVehicles2023-06-3006939763ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3006939763ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 06939763 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Aquasolve (London) Limited

Aquasolve (London) Limited (Registered number: 06939763)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Aquasolve (London) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: I Bradley
C Jarvis





REGISTERED OFFICE: Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ





REGISTERED NUMBER: 06939763 (England and Wales)





ACCOUNTANTS: Johal & Company
Chartered Certified Accountants
& Registered Auditors
Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ

Aquasolve (London) Limited (Registered number: 06939763)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,500 9,000
Tangible assets 5 13,514 18,019
21,014 27,019

CURRENT ASSETS
Stocks 1,140 1,250
Debtors 6 - 18,911
Cash at bank 157,300 103,525
158,440 123,686
CREDITORS
Amounts falling due within one year 7 88,529 84,430
NET CURRENT ASSETS 69,911 39,256
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,925

66,275

CREDITORS
Amounts falling due after more than one
year

8

3,716

10,900
NET ASSETS 87,209 55,375

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 87,207 55,373
SHAREHOLDERS' FUNDS 87,209 55,375

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 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.

Aquasolve (London) Limited (Registered number: 06939763)

Statement of Financial Position - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





I Bradley - Director


Aquasolve (London) Limited (Registered number: 06939763)

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

1. STATUTORY INFORMATION

Aquasolve (London) 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 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 0, is being amortised evenly over its estimated useful life of nil 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Aquasolve (London) Limited (Registered number: 06939763)

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

2. ACCOUNTING POLICIES - continued

Implications of covid-19 on our operations
Management has considered the consequences of COVID-19 and other events and conditions, and it has determined that they do not create a material uncertainty that casts significant doubt upon the entity's ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 30,000
AMORTISATION
At 1 July 2023 21,000
Amortisation for year 1,500
At 30 June 2024 22,500
NET BOOK VALUE
At 30 June 2024 7,500
At 30 June 2023 9,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 6,218 41,206 47,424
DEPRECIATION
At 1 July 2023 5,583 23,822 29,405
Charge for year 159 4,346 4,505
At 30 June 2024 5,742 28,168 33,910
NET BOOK VALUE
At 30 June 2024 476 13,038 13,514
At 30 June 2023 635 17,384 18,019

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors - 18,911

Aquasolve (London) Limited (Registered number: 06939763)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 3,840 11,680
Trade creditors - 2,536
Taxation and social security 42,104 25,955
Other creditors 42,585 44,259
88,529 84,430

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 3,716 7,711
Hire purchase contracts - 3,189
3,716 10,900

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,716 7,711