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REGISTERED NUMBER: 04565587 (England and Wales)















AQUABOND LIMITED

Unaudited Financial Statements for the Year Ended 31 October 2024






AQUABOND LIMITED (REGISTERED NUMBER: 04565587)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 9


AQUABOND LIMITED

Company Information
for the year ended 31 October 2024







Directors: K Lord
S J Lord





Registered office: Unit 5A
Christleton Court
Manor Park
Runcorn
Cheshire
WA7 1ST





Registered number: 04565587 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

AQUABOND LIMITED (REGISTERED NUMBER: 04565587)

Balance Sheet
31 October 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 2,024 2,361
Tangible assets 5 393,882 311,586
395,906 313,947

Current assets
Stocks 6 965,431 734,406
Debtors 7 1,415,161 1,268,149
Cash at bank and in hand 328,658 194,907
2,709,250 2,197,462
Creditors
Amounts falling due within one year 8 2,365,660 1,966,027
Net current assets 343,590 231,435
Total assets less current liabilities 739,496 545,382

Creditors
Amounts falling due after more than one year 9 (198,813 ) (234,864 )

Provisions for liabilities (81,989 ) (71,712 )
Net assets 458,694 238,806

Capital and reserves
Called up share capital 10 250 200
Retained earnings 458,444 238,606
Shareholders' funds 458,694 238,806

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 directors acknowledge their 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.

AQUABOND LIMITED (REGISTERED NUMBER: 04565587)

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 Board of Directors and authorised for issue on 23 July 2025 and were signed on its behalf by:





K Lord - Director


AQUABOND LIMITED (REGISTERED NUMBER: 04565587)

Notes to the Financial Statements
for the year ended 31 October 2024

1. Statutory information

Aquabond Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property improvements-10% Reducing balance
Plant and machinery-25% Reducing balance
Fittings fixtures and equipment-25% Reducing balance
Motor Vehicles-25% Reducing balance
Office Equipment-25% Reducing Balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due
allowance for obsolete and slow moving items.

Cost includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

AQUABOND LIMITED (REGISTERED NUMBER: 04565587)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

2. Accounting policies - continued

Research and development
Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is
capitalised as an intangible asset only when all of the following criteria are met:

- It is technically feasible to complete the intangible asset so that it will be available for use or sale;
- There is the intention to complete the intangible asset and use or sell it;
- There is the ability to use or sell the intangible asset;
- The use or sale of the intangible asset will generate probable future economic benefits;
- There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset;
- The expenditure attributable to the intangible asset during its development can be measured reliably.

Expenditure that does not meet the above criteria is expensed as incurred.

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.

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

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.

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3. Employees and directors

The average number of employees during the year was 24 (2023 - 23 ) .

4. Intangible fixed assets
Premium
domain
£
Cost
At 1 November 2023
and 31 October 2024 3,373
Amortisation
At 1 November 2023 1,012
Amortisation for year 337
At 31 October 2024 1,349
Net book value
At 31 October 2024 2,024
At 31 October 2023 2,361

AQUABOND LIMITED (REGISTERED NUMBER: 04565587)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

5. Tangible fixed assets
Fixtures
Improvements Plant and and
to property machinery fittings
£ £ £
Cost
At 1 November 2023 27,323 573,487 38,653
Additions 17,770 143,824 1,028
Disposals - - -
Reclassification/transfer - (52,559 ) -
At 31 October 2024 45,093 664,752 39,681
Depreciation
At 1 November 2023 13,848 406,266 31,967
Charge for year 2,342 49,720 1,784
Eliminated on disposal - - -
At 31 October 2024 16,190 455,986 33,751
Net book value
At 31 October 2024 28,903 208,766 5,930
At 31 October 2023 13,475 167,221 6,686

Motor Office
vehicles equipment Totals
£ £ £
Cost
At 1 November 2023 152,399 67,252 859,114
Additions 62,921 2,895 228,438
Disposals (27,675 ) - (27,675 )
Reclassification/transfer - - (52,559 )
At 31 October 2024 187,645 70,147 1,007,318
Depreciation
At 1 November 2023 48,840 46,607 547,528
Charge for year 25,889 5,596 85,331
Eliminated on disposal (19,423 ) - (19,423 )
At 31 October 2024 55,306 52,203 613,436
Net book value
At 31 October 2024 132,339 17,944 393,882
At 31 October 2023 103,559 20,645 311,586

AQUABOND LIMITED (REGISTERED NUMBER: 04565587)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

5. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor Office
machinery vehicles equipment Totals
£ £ £ £
Cost
At 1 November 2023 - 152,399 67,252 219,651
Additions 52,559 62,921 2,895 118,375
Disposals - (27,675 ) - (27,675 )
At 31 October 2024 52,559 187,645 70,147 310,351
Depreciation
At 1 November 2023 - 48,840 46,607 95,447
Charge for year 13,140 25,889 5,596 44,625
Eliminated on disposal - (19,423 ) - (19,423 )
At 31 October 2024 13,140 55,306 52,203 120,649
Net book value
At 31 October 2024 39,419 132,339 17,944 189,702
At 31 October 2023 - 103,559 20,645 124,204

6. Stocks
2024 2023
£ £
Raw materials 682,502 495,779
Work-in-progress 69,822 104,688
Finished goods 213,107 133,939
965,431 734,406

7. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 1,157,799 1,026,125
Amounts owed by group undertakings 212,296 183,969
Amounts owed by related companies 1,192 5,968
Other debtors 5,025 675
Called up share capital not paid 50 -
Prepayments 38,799 51,412
1,415,161 1,268,149

AQUABOND LIMITED (REGISTERED NUMBER: 04565587)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

8. Creditors: amounts falling due within one year
2024 2023
£ £
Other Loans 169,097 27,677
Bank loans and overdrafts 90,000 90,000
Hire purchase contracts 41,979 15,293
Trade creditors 888,485 797,413
Tax 95,465 64,654
Social security and other taxes 19,281 17,225
VAT 111,780 101,362
Other creditors 16,807 9,886
Factoring and Invoice Discount 818,374 742,873
Factoring Euro Account 57,882 28,986
Accrued expenses 56,510 70,658
2,365,660 1,966,027

9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans - 1-2 years 52,500 142,500
Hire purchase contracts 135,192 92,364
Accrued expenses 11,121 -
198,813 234,864

The bank loans and overdrafts provided by National Westminster Bank PLC are secured by way of a fixed and floating charge over the assets of the company together with a cross company guarantee from Waterford Chase Properties Limited and KSL Investments Limited.

The hire purchase contracts are secured over the assets to which they relate.

A fixed and floating charge over the assets of the company is held by RBS Invoice Finance Limited over the factoring account.

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
200 Ordinary £1 - 200
200 Ordinary A £1 200 -
50 Ordinary B £1 50 -
250 200

On 15 November 2024, 200 £1 Ordinary shares were reclassified to 200 £1 Ordinary A shares, with a further 50 £1 Ordinary B shares being issued.

AQUABOND LIMITED (REGISTERED NUMBER: 04565587)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

11. Related party disclosures

KSL Investments Limited is considered to be a related party by virtue of being the ultimate parent company. During the year, the company paid dividends to KSL Investments Limited in the sum of £230,000 (2023: £250,000). At the balance sheet date KSL Investments owed the company £170,923 (2023: £159,045).

Waterford Chase Properties Limited is considered to be a related party by virtue of being under common control. During the year, the company charged Waterford Chase Properties Limited management fees in the sum of £12,000 (2023: £12,000) and company rent in the sum of £60,000 (2023: £60,000). At the balance sheet date Waterford Chase Properties Limited owed the company £41,373 (2023: £24,700).

The White Closet Limited is considered to be a related party by virtue of having a common director. At the balance sheet date The White Closet Limited owed the company £968 (2023: £5,698). The loan is interest free, unsecured and has no specific repayment terms.

MFL-COM Limited is considered to be a related party by virtue of the relationship between directors in both companies. During the year, the company charged MFL-COM £323,680 (2023: £190,596) in services. At the balance sheet date MFL-COM Limited owed the company £9,509 (2023: £10,108). The loan is interest free, unsecured and has no specific repayment terms.

12. Ultimate controlling party

The company is ultimately controlled by KSL Investments Limited.