Registered number
15018548
Aquaplas Ltd
Filleted Accounts
31 July 2024
Aquaplas Ltd
Registered number: 15018548
Balance Sheet
as at 31 July 2024
Notes 2024
£
Current assets
Stocks 10,000
Debtors 3 16,019
Cash at bank and in hand 10,816
36,835
Creditors: amounts falling due within one year 4 (35,906)
Net current assets 929
Net assets 929
Capital and reserves
Called up share capital 1
Profit and loss account 928
Shareholder's funds 929
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J G Sansom
Director
Approved by the board on 17 March 2025
Aquaplas Ltd
Notes to the Accounts
for the period from 21 July 2023 to 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024
Number
Average number of persons employed by the company 0
3 Debtors 2024
£
Trade debtors 11,925
Other debtors 4,094
16,019
4 Creditors: amounts falling due within one year 2024
£
Trade creditors 10,689
Taxation and social security costs 218
Other creditors 24,999
35,906
5 Other information
Aquaplas Ltd is a private company limited by shares and incorporated in England. Its registered office is:
71 - 75 Shelton Street
Covent Garden
London
WC2 9JQ
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