General Information
Aquabion Uk Ltd is a private company, limited by shares, registered in England and Wales, registration number 09052994, registration address 25 High Street, Corsham, Wiltshire, SN13 0ES.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Fixtures, Fittings and equipment |
25% Reducing Balance
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 11 (2024 : 10).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Fixtures, Fittings and equipment |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
28,109 |
|
28,109 |
| Additions |
5,723 |
|
5,723 |
| Disposals |
- |
|
- |
| At 31 March 2025 |
33,832 |
|
33,832 |
| Depreciation |
| At 01 April 2024 |
15,426 |
|
15,426 |
| Charge for year |
4,601 |
|
4,601 |
| On disposals |
- |
|
- |
| At 31 March 2025 |
20,027 |
|
20,027 |
| Net book values |
| Closing balance as at 31 March 2025 |
13,805 |
|
13,805 |
| Opening balance as at 01 April 2024 |
12,683 |
|
12,683 |
|
| 4. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
100
Class A shares of £1.00 each |
100 |
|
100 |
|
100 |
|
100 |
|
| 5. |
Related parties
During the year the company entered into the following transactions with related parties: | Transaction value - income/(expenses) | | Balance owed by/(owed to) |
|---|
| 2025
£ | | 2024
£ | | 2025
£ | | 2024
£ |
|---|
| Connected Company | (300,000) | | 0 | | 0 | | 300,000 |
The balance owed by JH148 (a company connected by common shareholding) at 31st March was waived by the Company and the relevant waiver expense is shown in the Profit and Loss account under Impairment/Bad Debt |
2
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