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Company Registration No. 12761855 (England and Wales)
Comfort Aquatics Limited Unaudited accounts for the year ended 31 July 2024
Comfort Aquatics Limited Unaudited accounts Contents
Page
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Comfort Aquatics Limited Company Information for the year ended 31 July 2024
Directors
A L Comfort L Comfort
Company Number
12761855 (England and Wales)
Registered Office
First Floor 129 High Street Guildford Surrey GU1 3AA United Kingdom
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Comfort Aquatics Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,560 
9,490 
Current assets
Debtors
23,179 
16,622 
Cash at bank and in hand
268,789 
317,065 
291,968 
333,687 
Creditors: amounts falling due within one year
(260,974)
(292,757)
Net current assets
30,994 
40,930 
Total assets less current liabilities
56,554 
50,420 
Creditors: amounts falling due after more than one year
(14,300)
- 
Provisions for liabilities
Deferred tax
(1,683)
(1,683)
Net assets
40,571 
48,737 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
40,569 
48,735 
Shareholders' funds
40,571 
48,737 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 April 2025 and were signed on its behalf by
L Comfort Director Company Registration No. 12761855
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Comfort Aquatics Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Comfort Aquatics Limited is a private company, limited by shares, registered in England and Wales, registration number 12761855. The registered office is First Floor, 129 High Street, Guildford, Surrey, GU1 3AA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Computer equipment
33.3% Straight line
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Comfort Aquatics Limited Notes to the Accounts for the year ended 31 July 2024
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting polices. In preparing these financial statements, the directors have made the following judgements: Determine whether there are indicators of impairment of the company's tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. Other key sources of estimation uncertainty: Tangible fixed assets (note 4) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
7,922 
- 
6,563 
14,485 
Additions
2,733 
22,000 
1,431 
26,164 
At 31 July 2024
10,655 
22,000 
7,994 
40,649 
Depreciation
At 1 August 2023
2,199 
- 
2,796 
4,995 
Charge for the year
2,388 
5,042 
2,664 
10,094 
At 31 July 2024
4,587 
5,042 
5,460 
15,089 
Net book value
At 31 July 2024
6,068 
16,958 
2,534 
25,560 
At 31 July 2023
5,723 
- 
3,767 
9,490 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,934 
- 
Trade debtors
14,938 
14,009 
Accrued income and prepayments
4,307 
2,613 
23,179 
16,622 
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Comfort Aquatics Limited Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
66,399 
Obligations under finance leases and hire purchase contracts
4,400 
- 
Trade creditors
15,523 
23,770 
Taxes and social security
28,742 
34,496 
Other creditors
34,415 
27,486 
Loans from directors
4,640 
(17,105)
Deferred income
173,254 
157,711 
260,974 
292,757 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
14,300 
- 
8
Average number of employees
During the year the average number of employees was 4 (2023: 3).
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