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REGISTERED NUMBER: SC147010 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Aquawash Limited

Aquawash Limited (Registered number: SC147010)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aquawash Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mr I Shankie



SECRETARY: Mr I Shankie



REGISTERED OFFICE: 30 Cogan Street
Barrhead
Glasgow
G78 1ET



REGISTERED NUMBER: SC147010 (Scotland)



ACCOUNTANTS: C A I Morton & Co
Chartered Accountants
2 Kingscliffe Avenue
Glasgow
G44 4JW



SOLICITORS: Messrs. MacDonald Henderson
Solicitors
5 Royal Exchange Square
Glasgow
G1 3AH

Aquawash Limited (Registered number: SC147010)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 257,649 233,483

CURRENT ASSETS
Stocks 174,033 181,375
Debtors 5 379,677 180,406
Investments 6 5,099 5,099
Cash at bank and in hand 449,427 651,404
1,008,236 1,018,284
CREDITORS
Amounts falling due within one year 7 235,918 184,218
NET CURRENT ASSETS 772,318 834,066
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,029,967

1,067,549

CREDITORS
Amounts falling due after more than one year 8 67,051 94,120
NET ASSETS 962,916 973,429

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 10 67,670 67,670
Retained earnings 885,246 895,759
SHAREHOLDERS' FUNDS 962,916 973,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Aquawash Limited (Registered number: SC147010)

Balance Sheet - continued
31 October 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 director and authorised for issue on 23 April 2025 and were signed by:





Mr I Shankie - Director


Aquawash Limited (Registered number: SC147010)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Aquawash Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 4% on cost
Short leasehold - 10% on cost
Plant and machinery - 25% on cost, 25% on reducing balance and 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost and 25% on reducing balance

The above rates exclude leased assets which are depreciated at a uniform rate over the period of the lease.


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.

Aquawash Limited (Registered number: SC147010)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST OR VALUATION
At 1 November 2023 245,000 5,968 98,502
Additions - - -
At 31 October 2024 245,000 5,968 98,502
DEPRECIATION
At 1 November 2023 46,800 5,968 97,107
Charge for year 4,900 - 349
At 31 October 2024 51,700 5,968 97,456
NET BOOK VALUE
At 31 October 2024 193,300 - 1,046
At 31 October 2023 198,200 - 1,395

Aquawash Limited (Registered number: SC147010)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST OR VALUATION
At 1 November 2023 13,245 164,715 527,430
Additions - 54,275 54,275
At 31 October 2024 13,245 218,990 581,705
DEPRECIATION
At 1 November 2023 13,229 130,843 293,947
Charge for year 4 24,856 30,109
At 31 October 2024 13,233 155,699 324,056
NET BOOK VALUE
At 31 October 2024 12 63,291 257,649
At 31 October 2023 16 33,872 233,483

Cost or valuation at 31 October 2024 is represented by:

Freehold Short Plant and
property leasehold machinery
£    £    £   
Valuation in 2012 245,000 - -
Valuation in 2024 - 5,968 98,502
245,000 5,968 98,502

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Valuation in 2012 - - 245,000
Valuation in 2024 13,245 218,990 336,705
13,245 218,990 581,705

If the property had not been revalued it would have been included at the following historical cost:

31.10.24 31.10.23
£    £   
Cost 122,330 122,330
Aggregate depreciation 69,282 66,135

Value of land in freehold land and buildings 20,000 20,000

Property was valued on an open market basis basis on 15 March 2012 by Messrs Graham & Sibbald .

Aquawash Limited (Registered number: SC147010)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 November 2023 40,993
Additions 41,250
At 31 October 2024 82,243
DEPRECIATION
At 1 November 2023 10,246
Charge for year 20,558
At 31 October 2024 30,804
NET BOOK VALUE
At 31 October 2024 51,439
At 31 October 2023 30,747

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 271,952 169,156
Prepayments 12,000 11,250
Supplier deposit 95,725 -
379,677 180,406

6. CURRENT ASSET INVESTMENTS
31.10.24 31.10.23
£    £   
Listed investments 5,099 5,099

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 34,000 34,000
Hire purchase contracts 22,860 9,111
Trade creditors 133,311 90,631
Social security and other taxes 9,915 9,447
VAT 18,012 25,270
Other creditors 3,099 1,796
Directors' current accounts 4,921 6,383
Accrued expenses 9,800 7,580
235,918 184,218

Aquawash Limited (Registered number: SC147010)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans - 1-2 years 34,000 34,000
Bank loans over 2 years - 34,000
Hire purchase contracts 33,051 26,120
67,051 94,120

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loans 68,000 102,000

The bank hold a bond and floating charge over the assets of the company and a standard security over the business premises at 30 Cogan Street,Barrhead.

10. RESERVES
Revaluation
reserve
£   
At 1 November 2023
and 31 October 2024 67,670

11. RELATED PARTY DISCLOSURES

There are outstanding loans due to the directors by the company as disclosed in the notes to these accounts.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr I Shankie.