AQUASPEED DRAIN SERVICES LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC335263

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		913,123		843,949

			913,123		843,949
CURRENT ASSETS
Stocks	6	22,130		21,986
Debtors	7	392,504		481,417
Cash at bank and in hand		408,920		200,226

		823,554		703,629
Creditors: Amounts Falling Due Within One Year	8	(912,970 )		(960,073 )

NET CURRENT ASSETS (LIABILITIES)			(89,416 )		(256,444 )

TOTAL ASSETS LESS CURRENT LIABILITIES			823,707		587,505

Creditors: Amounts Falling Due After More Than One Year	9		(502,885 )		(442,134 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			320,822		145,371

REPRESENTED BY:
Loans and other debts due to members
Other amounts		473,362		254,474

			473,362		254,474

Equity
Members' other interests
Members' capital		(152,540)		(109,103)

			(152,540)		(109,103)

			320,822		145,371

TOTAL MEMBERS' INTEREST
Loans and other debts due to members			473,362		254,474
Members' other interests			(152,540)		(109,103)

			320,822		145,371

Page 1

Page 2

AQUASPEED DRAIN SERVICES LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The member acknowledges his responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

MR ANDREW SHELLEY

Designated Member

10th December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

AQUASPEED DRAIN SERVICES LLP is a limited liability partnership, incorporated in England & Wales, registered number OC335263 . The Registered Office is 171 Smallbrook Lane, Leigh, Wigan, Lancashire, WN7 5PZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	nil
Plant & Machinery	20% straight line
Motor Vehicles	25% straight line
Fixtures & Fittings	20% straight line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 27 (2024: 27)

Page 3

Page 4

AQUASPEED DRAIN SERVICES LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	4,940

As at 31 March 2025	4,940

Amortisation
As at 1 April 2024	4,940

As at 31 March 2025	4,940

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2024	531,069	734,496	64,465	1,330,030
Additions	67,883	267,985	650	336,518
Disposals	-	(174,189 )	-	(174,189 )

As at 31 March 2025	598,952	828,292	65,115	1,492,359

Depreciation
As at 1 April 2024	125,108	339,769	21,204	486,081
Provided during the period	83,136	168,638	4,159	255,933
Disposals	-	(162,778 )	-	(162,778 )

As at 31 March 2025	208,244	345,629	25,363	579,236

Net Book Value
As at 31 March 2025	390,708	482,663	39,752	913,123

As at 1 April 2024	405,961	394,727	43,261	843,949

6. Stocks

	2025	2024
	£	£
Stock	22,130	21,986

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	392,400	481,417
Other debtors	104	-

	392,504	481,417

Page 4

Page 5

AQUASPEED DRAIN SERVICES LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	189,201	224,622
Trade creditors	284,449	226,572
Bank loans and overdrafts	300,091	370,129
Other creditors	13,600	26,629
Taxation and social security	125,629	112,121

	912,970	960,073

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	498,564	414,755
Bank loans	4,321	27,379

	502,885	442,134

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	189,201	224,622
Later than one year and not later than five years	498,564	414,755

	687,765	639,377

	687,765	639,377

Page 5