Aquaserve Maintenance Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10652993

AQUASERVE MAINTENANCE LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

AQUASERVE MAINTENANCE LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		26,790		32,669

CURRENT ASSETS

Debtors	6	64,972	18,798
Cash at bank and in hand		70,148	28,463
		---------	--------
		135,120	47,261

CREDITORS: amounts falling due within one year	7	79,059		50,416
		---------		--------
NET CURRENT ASSETS/(LIABILITIES)			56,061		( 3,155)
			--------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			82,851		29,514

CREDITORS: amounts falling due after more than one year	8		6,089		15,500

PROVISIONS	6,698	6,822
	--------	--------
NET ASSETS	70,064	7,192
	--------	--------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	69,964	7,092
	--------	-------
SHAREHOLDERS FUNDS	70,064	7,192
	--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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.

Director's responsibilities:

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

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

AQUASERVE MAINTENANCE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 18 September 2025 , and are signed on behalf of the board by:

Mr A G McKenna
Director

Company registration number: 10652993

AQUASERVE MAINTENANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, NN15 6WJ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis and are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% reducing balance
Motor vehicles	-	20% straight line
Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 3 (2023: 4 ).

5. TANGIBLE ASSETS

	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 January 2024	39,254	27,991	3,458	70,703
Additions	2,916	–	541	3,457
Disposals	–	( 7,990)	–	( 7,990)
	--------	--------	-------	--------
At 31 December 2024	42,170	20,001	3,999	66,170
	--------	--------	-------	--------
Depreciation
At 1 January 2024	21,933	13,095	3,006	38,034
Charge for the year	4,048	2,560	633	7,241
Disposals	–	( 5,895)	–	( 5,895)
	--------	--------	-------	--------
At 31 December 2024	25,981	9,760	3,639	39,380
	--------	--------	-------	--------
Carrying amount
At 31 December 2024	16,189	10,241	360	26,790
	--------	--------	-------	--------
At 31 December 2023	17,321	14,896	452	32,669
	--------	--------	-------	--------

6. DEBTORS

	2024	2023
	£	£
Trade debtors	59,482	13,381
Other debtors	5,490	5,417
	--------	--------
	64,972	18,798
	--------	--------

7. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	–	6,300
Trade creditors	12,996	11,868
Social security and other taxes	37,830	2,984
Other creditors	28,233	29,264
	--------	--------
	79,059	50,416
	--------	--------

Included within other creditors are amounts totalling £4,372 (2023 - £6,667) which relate to hire purchase agreements which are secured by the company.

8. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	6,089	10,500
Other creditors	–	5,000
	-------	--------
	6,089	15,500
	-------	--------

Included within other creditors are amounts totalling £nil (2023 - £5,000) which relate to hire purchase agreements which are secured by the company.