Company Registration No. 04917038 (England and Wales)
Aqua Babies (UK) Ltd
Unaudited accounts
for the year ended 31 August 2024
Aqua Babies (UK) Ltd
Unaudited accounts
Contents
Aqua Babies (UK) Ltd
Company Information
for the year ended 31 August 2024
Directors
Carol Ralph
Wendy Edmondson
Company Number
04917038 (England and Wales)
Registered Office
Trafford Suite 8 S-E
Chester Road
Manchester
M32 0RS
England
Accountants
Elevate Accounting Solutions Limited
14 John Bradshaw Court
Alexandria Way
Congleton
CW12 1LB
Aqua Babies (UK) Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
62,348
67,842
Cash at bank and in hand
129,933
137,244
Creditors: amounts falling due within one year
(221,960)
(236,286)
Net current liabilities
(45,075)
(25,463)
Total assets less current liabilities
17,273
42,379
Creditors: amounts falling due after more than one year
(17,271)
(42,377)
Called up share capital
2
2
For the year ending 31 August 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 12 November 2024 and were signed on its behalf by
Carol Ralph
Director
Company Registration No. 04917038
Aqua Babies (UK) Ltd
Notes to the Accounts
for the year ended 31 August 2024
Aqua Babies (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 04917038. The registered office is Trafford Suite 8 S-E, Chester Road, Manchester, M32 0RS, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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:
Land & buildings
2% straight line
Plant & machinery
25% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
25% reducing balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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.
Aqua Babies (UK) Ltd
Notes to the Accounts
for the year ended 31 August 2024
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 September 2023
190,565
At 1 September 2023
190,565
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2023
24,000
110,133
13,587
40,115
187,835
Additions
-
2,384
1,883
5,401
9,668
At 31 August 2024
24,000
112,517
15,470
45,516
197,503
At 1 September 2023
8,160
62,981
13,587
35,265
119,993
Charge for the year
480
12,086
121
2,475
15,162
At 31 August 2024
8,640
75,067
13,708
37,740
135,155
At 31 August 2024
15,360
37,450
1,762
7,776
62,348
At 31 August 2023
15,840
47,152
-
4,850
67,842
Amounts falling due within one year
Trade debtors
12,259
53,042
Accrued income and prepayments
22,303
3,785
Aqua Babies (UK) Ltd
Notes to the Accounts
for the year ended 31 August 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
24,026
22,109
Obligations under finance leases and hire purchase contracts
4,546
15,393
Trade creditors
29,700
20,006
Taxes and social security
34,074
50,918
Loans from directors
(55,795)
(43,808)
Deferred income
171,896
156,747
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
7,464
12,010
9
Average number of employees
During the year the average number of employees was 11 (2023: 12).