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Company No: 13565995 (England and Wales)

AQUAEZ LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

AQUAEZ LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

AQUAEZ LIMITED

COMPANY INFORMATION

For the financial year ended 31 August 2024
AQUAEZ LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 August 2024
DIRECTOR Andrew Easey
REGISTERED OFFICE Treviot House
186-192 High Road
Ilford
IG1 1LR
United Kingdom
COMPANY NUMBER 13565995 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
AQUAEZ LIMITED

BALANCE SHEET

As at 31 August 2024
AQUAEZ LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 13,209 14,856
13,209 14,856
Current assets
Debtors 4 20,238 10,824
Cash at bank and in hand 36,476 39,863
56,714 50,687
Creditors: amounts falling due within one year 5 ( 17,213) ( 17,433)
Net current assets 39,501 33,254
Total assets less current liabilities 52,710 48,110
Creditors: amounts falling due after more than one year 6 ( 3,563) ( 7,061)
Net assets 49,147 41,049
Capital and reserves
Called-up share capital 100 100
Profit and loss account 49,047 40,949
Total shareholder's funds 49,147 41,049

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Aquaez Limited (registered number: 13565995) were approved and authorised for issue by the Director on 20 December 2024. They were signed on its behalf by:

Andrew Easey
Director
AQUAEZ LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
AQUAEZ LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Aquaez 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 Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 4 years straight line
Computer equipment 4 years straight line
Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Plant and machinery Vehicles Computer equipment Total
£ £ £ £
Cost
At 01 September 2023 1,046 24,053 896 25,995
Additions 7,900 0 0 7,900
Disposals 0 ( 5,828) 0 ( 5,828)
At 31 August 2024 8,946 18,225 896 28,067
Accumulated depreciation
At 01 September 2023 261 10,570 308 11,139
Charge for the financial year 441 4,556 179 5,176
Disposals 0 ( 1,457) 0 ( 1,457)
At 31 August 2024 702 13,669 487 14,858
Net book value
At 31 August 2024 8,244 4,556 409 13,209
At 31 August 2023 785 13,483 588 14,856

4. Debtors

2024 2023
£ £
Trade debtors 10,161 5,550
Other debtors 10,077 5,274
20,238 10,824

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 954 0
Taxation and social security 10,978 11,892
Obligations under finance leases and hire purchase contracts 3,499 3,499
Other creditors 1,782 2,042
17,213 17,433

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 3,563 7,061