REGISTERED NUMBER: 09978703 (England and Wales)

Audited Financial Statements

for the Year Ended 31 December 2024

for

Aqua Free Solutions Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

1,375

1,541

CURRENT ASSETS

Stocks

5

58,926

91,883

Debtors

6

68,322

145,140

Cash at bank

80,442

51,684

207,690

288,707

CREDITORS

Amounts falling due within one year

7

(829,960

)

(1,006,275

)

NET CURRENT LIABILITIES

(622,270

)

(717,568

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(620,895

)

(716,027

)

CAPITAL AND RESERVES

Called up share capital

7,580

7,580

Retained earnings

(628,475

)

(723,607

)

SHAREHOLDERS' FUNDS

(620,895

)

(716,027

)

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

Dr F F Dibbern - Director

1.	STATUTORY INFORMATION

Aqua Free Solutions Ltd is a private company, limited by shares, registered in England and Wales,registration number 09978703.The registered office is Suite 2A, 7th Floor-PF, City Reach, 5 Greenwich View place, London, E14 9NN.

The presentation currency of the financial statements is pound sterling (£) and the level of rounding is the nearest £1.

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.

Significant judgements and estimates

In the application of the company's accounting policies, which are described as part of the notes to the financial statements, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover recognition

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

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

- the Company has transferred the significant risks and rewards of ownership to the buyer;

- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- the amount of turnover can be measured reliably;

- it is probable that the Company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

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

Plant and machinery - Straight line between 10% to 20% on Cost

Computer equipment - 33.33% on cost

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

Stocks

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined on a first in first out basis. Net realisable value represents value estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised.

Financial instruments

The company has entered into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like other debtors,creditors and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is fund, an impairment loss is recognised in the profit and loss.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions.

Creditors

Basic financial liabilities, including trade and other creditors, loans from related parties, are initiallyrecognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

48,840

4,077

52,917

Additions

-

1,161

1,161

At 31 December 2024

48,840

5,238

54,078

DEPRECIATION

At 1 January 2024

48,056

3,320

51,376

Charge for year

709

618

1,327

At 31 December 2024

48,765

3,938

52,703

NET BOOK VALUE

At 31 December 2024

75

1,300

1,375

At 31 December 2023

784

757

1,541

5.

STOCKS

31.12.24

31.12.23

£

£

Stocks

58,926

91,883

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

49,371

132,546

Other debtors

2,170

2,223

Accrued income

14,369

-

Prepayments

2,412

10,371

68,322

145,140

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

36,088

5,681

Amounts owed to participating interests

727,719

920,866

Social security and other taxes

(2

)

-

VAT

35,626

49,075

Other creditors

1,841

1,595

Accrued expenses

28,688

29,058

829,960

1,006,275

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Faustino Franco (Senior Statutory Auditor)

for and on behalf of Perlin Franco

9.	GOING CONCERN

The directors have received written confirmation that the holding company Aqua Free GmbH will provide unconditional financial support to Aqua Free solutions Ltd for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statement.