Registration number: 04695086

Aquatrust Water and Ventilation Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Aquatrust Water and Ventilation Limited

(Registration number: 04695086)
Balance Sheet as at 31 March 2025

	Note	2025 £		2024 £
Fixed assets
Intangible assets	4		13,975		-
Tangible assets	5		54,726		65,403
			68,701		65,403
Current assets
Stocks		1,000		1,000
Debtors	6	300,437		273,590
Cash at bank and in hand		208,970		213,512
		510,407		488,102
Creditors: Amounts falling due within one year	7	(379,364)		(280,291)
Net current assets			131,043		207,811
Total assets less current liabilities			199,744		273,214
Provisions for liabilities			(14,000)		(13,000)
Net assets			185,744		260,214
Capital and reserves
Called up share capital	9	400		400
Capital redemption reserve		600		600
Retained earnings		184,744		259,214
Shareholders' funds			185,744		260,214

Aquatrust Water and Ventilation Limited

(Registration number: 04695086)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 August 2025 and signed on its behalf by:
 

......................................... P D Kenny Director

Aquatrust Water and Ventilation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Grange
92 Whitcliffe Road
Cleckheaton
West Yorkshire
BD19 3DR

These financial statements were authorised for issue by the Board on 8 August 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' including the disclosure and presentation requirements of Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentation currency is pound sterling.

Summary of disclosure exemptions

The company has taken advantage of the exemption under Financial Reporting Standard 102 Section 1AC.35 from disclosing transactions and balances with fellow group undertakings that are wholly owned.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Aquatrust Water and Ventilation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures & fittings	25% & 30% reducing balance
Plant and machinery	25 % reducing balance
Motor vehicles	25% reducing balance

Intangible assets

Software are shown at historical costs.

Software are recognised at fair value at the acquisition date.

Software have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Software	30% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Aquatrust Water and Ventilation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, 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 for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
 

3	Staff numbers

The average number of persons employed during the year (including directors) was 39 (2024 - 35).

Aquatrust Water and Ventilation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Software  £	Total £
Cost or valuation
Additions acquired separately	13,975	13,975
At 31 March 2025	13,975	13,975
Carrying amount
At 31 March 2025	13,975	13,975

5	Tangible assets

	Fixtures & fittings  £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2024	144,873	77,317	45,968	268,158
Additions	5,628	-	5,254	10,882
Disposals	(115)	(3,280)	-	(3,395)
At 31 March 2025	150,386	74,037	51,222	275,645
Depreciation
At 1 April 2024	129,466	36,890	36,399	202,755
Charge for the year	6,285	9,643	3,706	19,634
Eliminated on disposal	(35)	(1,435)	-	(1,470)
At 31 March 2025	135,716	45,098	40,105	220,919
Carrying amount
At 31 March 2025	14,670	28,939	11,117	54,726
At 31 March 2024	15,407	40,427	9,569	65,403

6

Debtors

Current	2025 £	2024 £
Trade debtors	251,369	235,087
Prepayments	49,018	38,453
Other debtors	50	50
	300,437	273,590

Aquatrust Water and Ventilation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

	2025 £	2024 £
Due within one year
Loans and borrowings	-	6,000
Trade creditors	78,810	73,633
Amounts owed to group undertakings	77	562
Taxation and social security	227,338	156,865
Accruals and deferred income	72,038	42,515
Other creditors	1,101	716
	379,364	280,291

8	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	-	6,000

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	228	228	228	228
Ordinary A Shares of £1 each	76	76	76	76
Ordinary B shares of £1 each	32	32	32	32
Ordinary C shares of £1 each	32	32	32	32
Ordinary D shares of £1 each	32	32	32	32
	400	400	400	400

10	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments, in respect of operating leases, not included in the balance sheet is £158,406 (2024 - £153,064).

Aquatrust Water and Ventilation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

11	Related party transactions

Expenditure with and payables to related parties

2024	Key management £
Amounts payable to related party	6,000

12	Parent and ultimate parent undertaking

The company's immediate parent is Aquatrust Water and Ventilation (Holdings) Limited, incorporated in England and Wales.

 The ultimate parent is Aquatrust Water and Ventilation Group Limited, incorporated in England and Wales.