Aquarius Marine Coatings Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 03148946 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Aquarius Marine Coatings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Kenny

E C G Clark

SECRETARY:

E C G Clark

REGISTERED OFFICE:

21 Church Road

Parkstone

Poole

Dorset

BH14 8UF

REGISTERED NUMBER:

03148946 (England and Wales)

ACCOUNTANT:

Richard Allen & Associates

21 Church Road

Parkstone

Poole

Dorset

BH14 8UF

FIXED ASSETS

Tangible assets

4

313,333

342,132

Investments

5

2,507

2,561

Investment property

6

180,000

495,840

524,693

CURRENT ASSETS

Stocks

40,000

Debtors

7

884,081

797,251

Investments

8

25,100

-

Cash at bank

169,204

114,111

1,118,385

951,362

CREDITORS

Amounts falling due within one year

9

328,962

361,128

NET CURRENT ASSETS

789,423

590,234

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,285,263

1,114,927

CREDITORS

Amounts falling due after more than one year

10

(191,771

)

(222,523

)

PROVISIONS FOR LIABILITIES

(23,349

)

(23,601

)

NET ASSETS

1,070,143

868,803

CAPITAL AND RESERVES

Called up share capital

4

Retained earnings

1,070,139

868,799

SHAREHOLDERS' FUNDS

1,070,143

868,803

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

E C G Clark - Director

1.	STATUTORY INFORMATION

Aquarius Marine Coatings Ltd 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 as modified by the revaluation of certain 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.

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.

Land and buildings

-

Not provided

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 15% on reducing balance and Not provided

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

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 11 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 February 2024

193,170

257,973

451,143

Additions

7,145

10,000

17,145

Disposals

-

(66,647

)

(66,647

)

At 31 January 2025

200,315

201,326

401,641

DEPRECIATION

At 1 February 2024

-

109,011

Charge for year

-

24,856

Eliminated on disposal

-

(45,559

)

(45,559

)

At 31 January 2025

-

88,308

NET BOOK VALUE

At 31 January 2025

200,315

113,018

313,333

At 31 January 2024

193,170

148,962

342,132

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 February 2024

66,647

Disposals

(66,647

)

At 31 January 2025

-

DEPRECIATION

At 1 February 2024

45,559

Eliminated on disposal

(45,559

)

At 31 January 2025

-

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

21,088

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST OR VALUATION

At 1 February 2024

2,561

Additions

(1

)

Revaluations

(53

)

At 31 January 2025

2,507

NET BOOK VALUE

At 31 January 2025

2,507

At 31 January 2024

2,561

Cost or valuation at 31 January 2025 is represented by:

Shares in

group

undertakings

£

Valuation in 2025

(54

)

Cost

2,561

2,507

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

180,000

NET BOOK VALUE

At 31 January 2025

180,000

At 31 January 2024

180,000

Fair value at 31 January 2025 is represented by:

£

Valuation in 2022

12,895

Cost

167,105

180,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

167,105

The investment property was valued on a fair value basis on 31 January 2025 by Mr E C G Clark, Director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

88,008

152,943

Other debtors

796,073

644,308

884,081

797,251

8.	CURRENT ASSET INVESTMENTS

2025

2024

£

Listed investments

25,100

-

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

19,687

Hire purchase contracts

10,529

44,262

Trade creditors

79,509

97,937

Taxation and social security

207,001

146,104

Other creditors

12,236

53,138

328,962

361,128

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

124,371

145,524

Hire purchase contracts

67,400

76,999

191,771

222,523

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

J A Kenny

Balance outstanding at start of year

202,237

95,150

Amounts advanced

257,997

253,024

Amounts repaid

(167,812

)

(145,937

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

292,422

202,237

E C G Clark

Balance outstanding at start of year

236,920

105,388

Amounts advanced

307,752

277,469

Amounts repaid

(251,112

)

(145,937

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

293,560

236,920

12.	RELATED PARTY DISCLOSURES

At the year end the company was owed £95,000 (2024: £95,000) by Aquarius Managed Properties Limited.

At the year end the company was owed £52,341 (2024: £55,929) by AMC Portals SL

At the year end the company was owed £10,255 (2024 £10,255) by Copper Coatings ltd

The directors of this company are also directors of Aquarius Managed Properties Limited, Copper Coatings ltd and AMC Portals SL..