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REGISTERED NUMBER: 02964201 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Aqua-Heat Limited

Aqua-Heat Limited (Registered number: 02964201)






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


Aqua-Heat Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs T J Powell
N P Powell





SECRETARY: Mrs T J Powell





REGISTERED OFFICE: Unit 1 Faraday Road
Hereford
Herefordshire
HR4 9NU





REGISTERED NUMBER: 02964201 (England and Wales)





ACCOUNTANTS: R J Francis & Co
Suites 1 & 2
Marshall Business Centre
Faraday Road
Hereford
Herefordshire
HR4 9NS

Aqua-Heat Limited (Registered number: 02964201)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,506 24,846
Investments 5 1,300 1,300
21,806 26,146

CURRENT ASSETS
Stocks 512,884 602,825
Debtors 6 396,334 464,053
Cash at bank and in hand 369,056 642,454
1,278,274 1,709,332
CREDITORS
Amounts falling due within one year 7 186,663 322,698
NET CURRENT ASSETS 1,091,611 1,386,634
TOTAL ASSETS LESS CURRENT LIABILITIES 1,113,417 1,412,780

PROVISIONS FOR LIABILITIES - 6,212
NET ASSETS 1,113,417 1,406,568

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 1,113,413 1,406,564
1,113,417 1,406,568

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.

Aqua-Heat Limited (Registered number: 02964201)

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 Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:




Mrs T J Powell - Director



N P Powell - Director


Aqua-Heat Limited (Registered number: 02964201)

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

1. STATUTORY INFORMATION

Aqua-Heat 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% 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.

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.

Aqua-Heat Limited (Registered number: 02964201)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 45,718 7,098 25,683 78,499
Additions 991 - 984 1,975
At 30 June 2024 46,709 7,098 26,667 80,474
DEPRECIATION
At 1 July 2023 27,725 3,578 22,350 53,653
Charge for year 3,796 1,420 1,099 6,315
At 30 June 2024 31,521 4,998 23,449 59,968
NET BOOK VALUE
At 30 June 2024 15,188 2,100 3,218 20,506
At 30 June 2023 17,993 3,520 3,333 24,846

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023
and 30 June 2024 1,300
NET BOOK VALUE
At 30 June 2024 1,300
At 30 June 2023 1,300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 336,306 445,526
Other debtors 60,028 18,527
396,334 464,053

Aqua-Heat Limited (Registered number: 02964201)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 156,741 251,917
Taxation and social security 26,000 58,273
Other creditors 3,922 12,508
186,663 322,698

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 9,912 39,650
Between one and five years - 11,883
9,912 51,533