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Registered Number: 13204211
England and Wales

 

 

 

AQUA PROJET LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
Directors Stephanie Smith
Wayne Smith
Registered Number 13204211
Registered Office 14A Hartness Road
Gilwilly Industrial Estate
Penrith
Cumbria
CA11 9BD
Accountants Shaun Brown Accountants Ltd
14A Hartness Road
Gilwilly Industrial Estate
Penrith
Cumbria
CA11 9BD
1
Accountants report
You consider that the company is exempt from an audit for the year ended 29 February 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Shaun Brown Accountants Ltd
29 February 2024



....................................................
Shaun Brown Accountants Ltd
14A Hartness Road
Gilwilly Industrial Estate
Penrith
Cumbria
CA11 9BD
10 April 2025
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 9,428    5,064 
Investments 4 232,582   
242,010    5,064 
Current assets      
Debtors 5 18,640   
Cash at bank and in hand 4,910    6,340 
23,550    6,340 
Creditors: amount falling due within one year 6 (52,287)   (1,372)
Net current assets (28,737)   4,968 
 
Total assets less current liabilities 213,273    10,032 
Creditors: amount falling due after more than one year 7 (158,072)   (6,400)
Provisions for liabilities 8 (580)  
Net assets 54,621    3,632 
 

Capital and reserves
     
Called up share capital 9 100    100 
Profit and loss account 54,521    3,532 
Shareholders' funds 54,621    3,632 
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 10 April 2025 and were signed on its behalf by:


-------------------------------
Stephanie Smith
Director
3
General Information
Aqua Projet Limited is a private company, limited by shares, registered in England and Wales, registration number 13204211, registration address 14A Hartness Road, Gilwilly Industrial Estate, Penrith, Cumbria, CA11 9BD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Preference dividends
Where preference shares are classed as liabilities rather than equity any preference dividends paid are included in interest payable and similar charges within the income statement.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 18% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Total
  £   £   £
At 01 March 2023 5,486    2,000    7,486 
Additions 11,100      11,100 
Disposals (5,486)     (5,486)
At 29 February 2024 11,100    2,000    13,100 
Depreciation
At 01 March 2023 1,767    655    2,422 
Charge for year 2,775    242    3,017 
On disposals (1,767)     (1,767)
At 29 February 2024 2,775    897    3,672 
Net book values
Closing balance as at 29 February 2024 8,325    1,103    9,428 
Opening balance as at 01 March 2023 3,719    1,345    5,064 


4.

Investments

Cost Investments in group undertakings   Total
  £   £
At 01 March 2023  
Additions 232,582    232,582 
Transfer to/from tangible fixed assets  
Disposals  
At 29 February 2024 232,582    232,582 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 18,000   
Other Debtors 640   
18,640   

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Taxation and Social Security 640    640 
Other Creditors 51,647    732 
52,287    1,372 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Other Creditors 158,072    6,400 
158,072    6,400 

8.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 580   
580   

9.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

10.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2024
£
 2023
£
 2024
£
 2023
£
Ultracare Property Management Limited52,000 (52,071)
Arrad Foot Balconies Limited18,000 18,000 

At the 29th February 2024 the company owed £52,071 to Ultracare Property Management Limited a Subsidiary of Aqua Projet Limited. During the year the Company received a Dividend of £52,000 from its Subsidiary.
The Company invoiced £18,000 to Arrad Foot Balconies Limited a company controlled and operated by the Directors and Shareholders for services supplied.
4