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Registration number: 04117715

Koster Aquatecnic Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Koster Aquatecnic Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 7

 

Koster Aquatecnic Limited

Company Information

Directors

N S M Day

B D Day

A J Lynn

Company secretary

B D Day

Registered office

Suite G
1 Elwick Road
Ashford
Kent
TN23 1PD

 

Koster Aquatecnic Limited

(Registration number: 04117715)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

176,163

205,394

 

176,163

205,394

Current assets

 

Stocks

120,690

118,465

Debtors

5

292,652

512,374

Cash at bank and in hand

 

486,869

72,509

 

900,211

703,348

Creditors: Amounts falling due within one year

6

(444,226)

(326,974)

Net current assets

 

455,985

376,374

Total assets less current liabilities

 

632,148

581,768

Creditors: Amounts falling due after more than one year

6

(46,800)

(52,945)

Provisions for liabilities

-

(824)

Net assets

 

585,348

527,999

Capital and reserves

 

Called up share capital

8

40,000

40,000

Retained earnings

545,348

487,999

Shareholders' funds

 

585,348

527,999

 

Koster Aquatecnic Limited

(Registration number: 04117715)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 July 2025 and signed on its behalf by:

 

.........................................

N S M Day

Director

 

Koster Aquatecnic Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite G
1 Elwick Road
Ashford
Kent
TN23 1PD

The principal place of business is:

The Mount Sydney
Craigs Road
Dumfries
DG1 4EU

These financial statements were authorised for issue by the Board on 15 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in pounds sterling, which is the company’s functional currency, rounded to the nearest whole pound.

Revenue recognition

Turnover comprises the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when:

- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity; and
- specific criteria have been met for each of the company's activities.

Government grants

The company recognises government grants in income when the conditions attached to a grant are met, and the company has reasonable assurance that the grant will be received. Where a government grant is unconditional then the company recognises the grant in income when it is receivable. If a government grant is received before the conditions attached to it are satisfied, the grant is recognised as a liability, and only released to income once the conditions are met.

Foreign currency transactions and balances

Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date and the gains or losses on translation are included in the profit and loss account.

Deferred tax

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Deferred taxation is calculated with reference to the tax rates expected to apply when the timing differences crystallise, based on current tax rates and law.

 

Koster Aquatecnic Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than freehold land, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold buildings and improvements

2% straight line, per annum

Equipment

25% straight line, per annum

Motor vehicles

15% - 25% straight line, per annum

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Asset financing and operating leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Rentals payable under operating leases are charged to the profit and loss account as incurred.

Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Defined contribution pension obligation

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.

Financial instruments

A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

Basic financial instruments are recognised at amortised cost. The company does not have any financial instruments which are not basic financial instruments.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 8).

 

Koster Aquatecnic Limited

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

4

Tangible assets

Freehold land, buildings and improvements
£

Equipment
£

Motor vehicles
 £

Total
£

Cost

At 1 January 2024

184,730

16,552

151,091

352,373

Additions

1,092

2,202

-

3,294

Disposals

-

(612)

-

(612)

At 31 December 2024

185,822

18,142

151,091

355,055

Depreciation

At 1 January 2024

15,580

15,745

115,654

146,979

Charge for the year

2,257

1,359

28,909

32,525

Eliminated on disposal

-

(612)

-

(612)

At 31 December 2024

17,837

16,492

144,563

178,892

Carrying amount

At 31 December 2024

167,985

1,650

6,528

176,163

At 31 December 2023

169,150

807

35,437

205,394

5

Debtors

Current

2024
£

2023
£

Trade debtors

274,902

495,158

Prepayments

17,750

17,216

 

292,652

512,374

 

Koster Aquatecnic Limited

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

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

6,418

6,084

Trade creditors

 

325,424

236,281

Taxation and social security

 

104,396

79,271

Accruals and deferred income

 

3,746

3,396

Other creditors

 

4,242

1,942

 

444,226

326,974

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

46,800

52,945

2024
£

2023
£

After more than five years by instalments

14,979

23,469

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

6,418

6,084

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

46,800

52,945

Security on loans and borrowings

Bank borrowings are secured by a fixed charge over the company's freehold land and buildings and fixed and floating charges over the company's assets and undertaking.

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

40,000

40,000

40,000

40,000