Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-282025-02-28true35The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-03-01falsecontinues to be that of specialist waste management solutions and disposal for all types of hazardous waste.33truefalse 03384938 2024-03-01 2025-02-28 03384938 2023-03-01 2024-02-29 03384938 2025-02-28 03384938 2024-02-29 03384938 2023-03-01 03384938 c:Director2 2024-03-01 2025-02-28 03384938 d:Buildings 2024-03-01 2025-02-28 03384938 d:Buildings 2025-02-28 03384938 d:Buildings 2024-02-29 03384938 d:Buildings d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 03384938 d:Buildings d:LeasedAssetsHeldAsLessee 2024-03-01 2025-02-28 03384938 d:PlantMachinery 2024-03-01 2025-02-28 03384938 d:PlantMachinery 2025-02-28 03384938 d:PlantMachinery 2024-02-29 03384938 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 03384938 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-03-01 2025-02-28 03384938 d:MotorVehicles 2024-03-01 2025-02-28 03384938 d:MotorVehicles 2025-02-28 03384938 d:MotorVehicles 2024-02-29 03384938 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 03384938 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-03-01 2025-02-28 03384938 d:FurnitureFittings 2024-03-01 2025-02-28 03384938 d:FurnitureFittings 2025-02-28 03384938 d:FurnitureFittings 2024-02-29 03384938 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 03384938 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2024-03-01 2025-02-28 03384938 d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 03384938 d:LeasedAssetsHeldAsLessee 2024-03-01 2025-02-28 03384938 d:CurrentFinancialInstruments 2025-02-28 03384938 d:CurrentFinancialInstruments 2024-02-29 03384938 d:Non-currentFinancialInstruments 2025-02-28 03384938 d:Non-currentFinancialInstruments 2024-02-29 03384938 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 03384938 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 03384938 d:Non-currentFinancialInstruments d:AfterOneYear 2025-02-28 03384938 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 03384938 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-02-28 03384938 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-02-29 03384938 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-02-28 03384938 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-02-29 03384938 d:ShareCapital 2025-02-28 03384938 d:ShareCapital 2024-02-29 03384938 d:CapitalRedemptionReserve 2025-02-28 03384938 d:CapitalRedemptionReserve 2024-02-29 03384938 d:RetainedEarningsAccumulatedLosses 2025-02-28 03384938 d:RetainedEarningsAccumulatedLosses 2024-02-29 03384938 c:OrdinaryShareClass1 2024-03-01 2025-02-28 03384938 c:OrdinaryShareClass1 2025-02-28 03384938 c:OrdinaryShareClass1 2024-02-29 03384938 c:FRS102 2024-03-01 2025-02-28 03384938 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 03384938 c:FullAccounts 2024-03-01 2025-02-28 03384938 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 03384938 d:WithinOneYear 2025-02-28 03384938 d:WithinOneYear 2024-02-29 03384938 d:BetweenOneFiveYears 2025-02-28 03384938 d:BetweenOneFiveYears 2024-02-29 03384938 d:AcceleratedTaxDepreciationDeferredTax 2025-02-28 03384938 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 03384938 2 2024-03-01 2025-02-28 03384938 6 2024-03-01 2025-02-28 03384938 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2025-02-28 03384938 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-02-29 03384938 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2025-02-28 03384938 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-02-29 03384938 d:LeasedAssetsHeldAsLessee 2025-02-28 03384938 d:LeasedAssetsHeldAsLessee 2024-02-29 03384938 e:PoundSterling 2024-03-01 2025-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03384938









AQUA FORCE SPECIAL WASTE LIMITED








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

 
AQUA FORCE SPECIAL WASTE LIMITED
REGISTERED NUMBER: 03384938

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2025

28 February
29 February
2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
929,033
923,427

Investments
 5 
123,000
123,000

  
1,052,033
1,046,427

Current assets
  

Debtors: amounts falling due within one year
 6 
957,499
1,049,698

Cash at bank and in hand
  
91,149
100,509

  
1,048,648
1,150,207

Creditors: amounts falling due within one year
 7 
(1,373,246)
(1,214,636)

Net current liabilities
  
 
 
(324,598)
 
 
(64,429)

Total assets less current liabilities
  
727,435
981,998

Creditors: amounts falling due after more than one year
 8 
(175,105)
(220,272)

Provisions for liabilities
  

Deferred tax
 10 
(82,260)
(80,857)

  
 
 
(82,260)
 
 
(80,857)

Net assets
  
470,070
680,869


Capital and reserves
  

Called up share capital 
 11 
900
900

Capital redemption reserve
  
450
450

Profit and loss account
  
468,720
679,519

  
470,070
680,869


Page 1

 
AQUA FORCE SPECIAL WASTE LIMITED
REGISTERED NUMBER: 03384938
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 July 2025.




Lynne Gill
Director

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
AQUA FORCE SPECIAL WASTE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.


General information

The company is registered in England and Wales. The company's registered office is Unit 4a Sprint Industrial Estate, Station Road, Four Ashes, Wolverhampton, West Midlands, WV10 7DB. The principal activity continues to be that of specialist waste management solutions and disposal for all types of hazardous waste.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
AQUA FORCE SPECIAL WASTE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
AQUA FORCE SPECIAL WASTE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance/10% straight line
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
AQUA FORCE SPECIAL WASTE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 35 (2024 - 33).

Page 6

 
AQUA FORCE SPECIAL WASTE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

4.


Tangible fixed assets







Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 March 2024
600,000
1,586,869
321,564
21,258
2,529,691


Additions
-
89,653
-
-
89,653



At 28 February 2025

600,000
1,676,522
321,564
21,258
2,619,344



Depreciation


At 1 March 2024
-
1,426,256
164,486
15,521
1,606,263


Charge for the year on owned assets
-
37,616
36,760
861
75,237


Charge for the year on financed assets
-
6,300
2,511
-
8,811



At 28 February 2025

-
1,470,172
203,757
16,382
1,690,311



Net book value



At 28 February 2025
600,000
206,350
117,807
4,876
929,033



At 29 February 2024
600,000
160,612
157,078
5,737
923,427

Page 7

 
AQUA FORCE SPECIAL WASTE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

           4.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


28 February
29 February
2025
2024
£
£



Plant and machinery
19,900
26,200

Motor vehicles
7,531
10,042

27,431
36,242


5.


Fixed asset investments








Unlisted investments

£



Cost or valuation


At 1 March 2024
123,000



At 28 February 2025
123,000




Page 8

 
AQUA FORCE SPECIAL WASTE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

6.


Debtors

28 February
29 February
2025
2024
£
£


Trade debtors
841,133
976,282

Other debtors
5,287
325

Prepayments and accrued income
111,079
73,091

957,499
1,049,698



7.


Creditors: Amounts falling due within one year

28 February
29 February
2025
2024
£
£

Bank overdrafts
231,200
-

Bank loans
45,936
43,879

Trade creditors
448,872
454,832

Corporation tax
221,967
279,395

Other taxation and social security
122,138
118,284

Other creditors
18,689
90,652

Accruals and deferred income
284,444
227,594

1,373,246
1,214,636


Page 9

 
AQUA FORCE SPECIAL WASTE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

8.


Creditors: Amounts falling due after more than one year

28 February
29 February
2025
2024
£
£

Bank loans
175,105
220,272

175,105
220,272


The following liabilities were secured:

28 February
29 February
2025
2024
£
£



Obligations under bank loans
221,041
264,151

221,041
264,151

Details of security provided:

The assets held on finance leases and hire purchase are secured against the asset the agreement relates to as included in note 4. The bank loans as above are secured against the freehold property.

Page 10

 
AQUA FORCE SPECIAL WASTE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

9.


Loans


Analysis of the maturity of loans is given below:


28 February
29 February
2025
2024
£
£

Amounts falling due within one year

Bank loans
45,936
43,879


45,936
43,879

Amounts falling due 1-2 years

Bank loans
42,879
46,477


42,879
46,477

Amounts falling due 2-5 years

Bank loans
132,226
173,795


132,226
173,795


221,041
264,151


Page 11

 
AQUA FORCE SPECIAL WASTE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

10.


Deferred taxation






2025
2024


£

£






At beginning of year
80,857
58,905


Credited to profit or loss
1,403
21,952



At end of year
82,260
80,857

The provision for deferred taxation is made up as follows:

28 February
29 February
2025
2024
£
£


Accelerated capital allowances
82,260
80,857

82,260
80,857

Page 12

 
AQUA FORCE SPECIAL WASTE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

11.


Share capital

28 February
29 February
2025
2024
£
£
Allotted, called up and fully paid



900 (2024 - 900) ordinary £1 shares of £1.00 each
900
900



12.


Commitments under operating leases

At 28 February 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

28 February
29 February
2025
2024
£
£


Not later than 1 year
85,340
83,340

Later than 1 year and not later than 5 years
6,866
129,293

92,206
212,633

 
Page 13