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REGISTERED NUMBER: 03718694 (England and Wales)















AQUATEC COATINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2024






AQUATEC COATINGS LIMITED (REGISTERED NUMBER: 03718694)

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


AQUATEC COATINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







Director: A J Kershaw





Registered office: Unit 2
Ash Road South
Wrexham Industrial Estate
Wrexham
Wrexham CB
LL13 9UG





Registered number: 03718694 (England and Wales)





Accountants: John Davies and Co
St Andrews House
Yale Business Village
Ellice Way
Wrexham
Wrexham CB
LL13 7YL

AQUATEC COATINGS LIMITED (REGISTERED NUMBER: 03718694)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 113,128 98,890

Current assets
Stocks 386,104 459,303
Debtors 5 706,647 729,138
Cash at bank and in hand 1,071,732 689,679
2,164,483 1,878,120
Creditors
Amounts falling due within one year 6 534,274 483,516
Net current assets 1,630,209 1,394,604
Total assets less current liabilities 1,743,337 1,493,494

Provisions for liabilities 25,576 23,177
Net assets 1,717,761 1,470,317

Capital and reserves
Called up share capital 50 50
Capital redemption reserve 150 150
Retained earnings 1,717,561 1,470,117
Shareholders' funds 1,717,761 1,470,317

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.

AQUATEC COATINGS LIMITED (REGISTERED NUMBER: 03718694)

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 Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 March 2025 and were signed by:





A J Kershaw - Director


AQUATEC COATINGS LIMITED (REGISTERED NUMBER: 03718694)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. Statutory information

Aquatec Coatings 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 represents net sales of goods, excluding value added tax. Income is recognised once payment becomes due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures & fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 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 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.

AQUATEC COATINGS LIMITED (REGISTERED NUMBER: 03718694)

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 27 (2023 - 27 ) .

4. Tangible fixed assets
Improvements
to Plant and Fixtures
property machinery & fittings
£    £    £   
Cost
At 1 July 2023 3,480 150,107 85,064
Additions 4,150 32,867 1,766
At 30 June 2024 7,630 182,974 86,830
Depreciation
At 1 July 2023 2,615 110,008 76,753
Charge for year 648 13,158 2,425
At 30 June 2024 3,263 123,166 79,178
Net book value
At 30 June 2024 4,367 59,808 7,652
At 30 June 2023 865 40,099 8,311

AQUATEC COATINGS LIMITED (REGISTERED NUMBER: 03718694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. Tangible fixed assets - continued

Motor Office
vehicles equipment Totals
£    £    £   
Cost
At 1 July 2023 50,685 31,738 321,074
Additions - 5,014 43,797
At 30 June 2024 50,685 36,752 364,871
Depreciation
At 1 July 2023 8,448 24,360 222,184
Charge for year 10,559 2,769 29,559
At 30 June 2024 19,007 27,129 251,743
Net book value
At 30 June 2024 31,678 9,623 113,128
At 30 June 2023 42,237 7,378 98,890

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 700,127 722,296
Other debtors 6,520 6,842
706,647 729,138

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 332,952 289,948
Taxation and social security 190,701 174,227
Other creditors 10,621 19,341
534,274 483,516

AQUATEC COATINGS LIMITED (REGISTERED NUMBER: 03718694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. 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
£    £   
A J Kershaw
Balance outstanding at start of year 185 185
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 185 185

8. Related party disclosures

There were no related party transactions during the period, other than the transactions with Directors as disclosed above.