AQUAVITA CLEANING SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M A Smith

REGISTERED OFFICE:

Unit 3 Granby Works

Stanley Road

Bradford

West Yorkshire

BD2 1AS

REGISTERED NUMBER:

12344507 (England and Wales)

ACCOUNTANTS:

Wilkinson and Partners

Chartered Accountants

Fairfax House

6a Mill Field Road

Cottingley Business Park

Bradford

West Yorkshire

BD16 1PY

FIXED ASSETS

Intangible assets

4

-

3,000

Tangible assets

5

13,355

18,020

13,355

21,020

CURRENT ASSETS

Stocks

6

6,500

7,250

Debtors

7

15,272

13,359

Cash at bank

8,785

10,994

30,557

31,603

CREDITORS

Amounts falling due within one year

8

42,182

57,764

NET CURRENT LIABILITIES

(11,625

)

(26,161

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,730

(5,141

)

CREDITORS

Amounts falling due after more than one year

9

-

4,534

NET ASSETS/(LIABILITIES)

1,730

(9,675

)

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

1,630

(9,775

)

SHAREHOLDERS' FUNDS

1,730

(9,675

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

M A Smith - Director

1.	STATUTORY INFORMATION

Aquavita Cleaning Solutions 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.	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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Taxation

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

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

15,000

AMORTISATION

At 1 January 2024

12,000

Charge for year

3,000

At 31 December 2024

15,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

3,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

14,022

986

19,455

1,314

35,777

DEPRECIATION

At 1 January 2024

7,389

381

8,968

1,019

17,757

Charge for year

1,658

91

2,621

295

4,665

At 31 December 2024

9,047

472

11,589

1,314

22,422

NET BOOK VALUE

At 31 December 2024

4,975

514

7,866

-

13,355

At 31 December 2023

6,633

605

10,487

295

18,020

The net book value of tangible fixed assets includes £ 7,866 (2023 - £ 10,487 ) in respect of assets held under hire purchase contracts.

6.

STOCKS

31.12.24

31.12.23

£

£

Stocks

6,500

7,250

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

10,341

10,398

Directors' current accounts

3,403

1,992

Prepayments

1,528

969

15,272

13,359

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 10)

4,534

4,946

Trade creditors

541

8,393

Tax

3,336

5,292

Social security and other taxes

-

1,174

VAT

6,722

6,354

Other creditors

25,484

28,694

Accrued expenses

1,565

2,911

42,182

57,764

Loans from directors are interest free and repayable on demand.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 10)

-

4,534

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

4,534

4,946

Between one and five years

-

4,534

4,534

9,480

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Within one year

10,000

10,000

Between one and five years

2,500

2,500

12,500

12,500

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

12.	RELATED PARTY DISCLOSURES

During the year a loan existed between the Company and S.A.M.S. Light Haulage Ltd, a company of which Michael Smith is a director. At the balance sheet date the amount owed by the Company was £25,484 (2023:£28,694).