REGISTERED NUMBER: 03858683 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2024

for

Aquakare Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Graves

P Graves

SECRETARY:

B Graves

REGISTERED OFFICE:

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

REGISTERED NUMBER:

03858683 (England and Wales)

ACCOUNTANTS:

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

FIXED ASSETS

Tangible assets

5

2,565

1,683

Investments

6

20,000

20,000

22,565

21,683

CURRENT ASSETS

Debtors

7

22,459

70,043

Cash at bank

-

91,442

22,459

161,485

CREDITORS

Amounts falling due within one year

8

287,199

295,548

NET CURRENT LIABILITIES

(264,740

)

(134,063

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(242,175

)

(112,380

)

CREDITORS

Amounts falling due after more than one year

9

27,917

33,797

NET LIABILITIES

(270,092

)

(146,177

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(270,192

)

(146,277

)

(270,092

)

(146,177

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

B Graves - Director

1.	STATUTORY INFORMATION

Aquakare 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going Concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continuing support of the company's directors and shareholders. If the company were unable to continue in existence for the foreseeable future, adjustments would be necessary to reduce the balance sheet values of assets to their recoverable amounts and to reclassify fixed

assets as current assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

For the rendering of services, revenue is recognised when the services are transferred. When outcome of a transaction can be estimated reliably, revenue is recognised based on the stage of completion of the transaction at the end of the reporting period.

Tangible fixed assets

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

Plant & machinery - 25% on cost

Fixture & fittings - straight line over 5 years

Computer equipment - 25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Hire purchase and leasing commitments

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

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2023

52,691

Additions

1,798

Disposals

(1,886

)

At 31 July 2024

52,603

DEPRECIATION

At 1 August 2023

51,008

Charge for year

916

Eliminated on disposal

(1,886

)

At 31 July 2024

50,038

NET BOOK VALUE

At 31 July 2024

2,565

At 31 July 2023

1,683

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 August 2023

and 31 July 2024

20,000

NET BOOK VALUE

At 31 July 2024

20,000

At 31 July 2023

20,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/24

31/7/23

£

£

Trade debtors

20,593

66,671

Other debtors

1,866

3,372

22,459

70,043

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/24

31/7/23

£

£

Bank loans and overdrafts

13,312

6,906

Trade creditors

55,457

62,179

Taxation and social security

44,059

83,924

Other creditors

174,371

142,539

287,199

295,548

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/7/24

31/7/23

£

£

Bank loans

27,917

33,797

10.	RELATED PARTY DISCLOSURES

B Graves

At balance sheet date the company owed the director £ 163,982 (2023: £134,144).

11.	ULTIMATE CONTROLLING PARTY

The controlling party is B Graves.