REGISTERED NUMBER: 03747819 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Aquacool Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N A O'Brien

Ms L M O'Brien

A O'Brien

REGISTERED OFFICE:

Trimble House

9 Bold Street

Warrington

WA1 1DN

REGISTERED NUMBER:

03747819 (England and Wales)

ACCOUNTANTS:

Raise

Chartered Accountants

Trimble House

9 Bold Street

Warrington

WA1 1DN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,159,516

1,700,177

Investments

6

248,770

248,770

2,408,286

1,948,947

CURRENT ASSETS

Stocks

39,386

4,000

Debtors

7

1,078,681

768,538

Cash at bank and in hand

509,803

185,934

1,627,870

958,472

CREDITORS

Amounts falling due within one year

8

1,039,873

1,024,643

NET CURRENT ASSETS/(LIABILITIES)

587,997

(66,171

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,996,283

1,882,776

CREDITORS

Amounts falling due after more than one year

9

1,943,402

1,353,663

NET ASSETS

1,052,881

529,113

CAPITAL AND RESERVES

Called up share capital

15,300

15,300

Retained earnings

1,037,581

513,813

1,052,881

529,113

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

A O'Brien - Director

1.	STATUTORY INFORMATION

Aquacool 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities, such as trade and other debtors and creditors, loans, overdrafts and cash at bank, which are measured at amortised cost.

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.

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 65 (2024 - 47 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

269,629

AMORTISATION

At 1 April 2024

and 31 March 2025

269,629

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

2,871,370

454,254

131,327

98,172

3,555,123

Additions

945,533

132,545

217,180

13,435

1,308,693

Disposals

(176,781

)

-

-

-

(176,781

)

At 31 March 2025

3,640,122

586,799

348,507

111,607

4,687,035

DEPRECIATION

At 1 April 2024

1,372,325

323,072

77,043

82,506

1,854,946

Charge for year

509,329

131,590

37,230

9,782

687,931

Eliminated on disposal

(15,358

)

-

-

-

(15,358

)

At 31 March 2025

1,866,296

454,662

114,273

92,288

2,527,519

NET BOOK VALUE

At 31 March 2025

1,773,826

132,137

234,234

19,319

2,159,516

At 31 March 2024

1,499,045

131,182

54,284

15,666

1,700,177

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

248,770

NET BOOK VALUE

At 31 March 2025

248,770

At 31 March 2024

248,770

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

777,591

566,784

Amounts owed by group undertakings

-

30,134

Other debtors

301,090

171,620

1,078,681

768,538

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,204

-

Hire purchase contracts

-

1,649

Trade creditors

636,986

543,245

Amounts owed to group undertakings

138,956

225,422

Taxation and social security

157,935

108,242

Other creditors

95,792

146,085

1,039,873

1,024,643

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

7,381

27,790

Hire purchase contracts

102,121

10,448

Other creditors

1,833,900

1,315,425

1,943,402

1,353,663

Other creditors includes loans from the directors as set out in note 12 below. The directors loans are long term loans which would not be repayable in the foreseeable future.

10.	RELATED PARTY DISCLOSURES

As at 31 March 2025, the company owed £138,861 (2024: £225,422) to its subsidiary company Water-Splash Ltd (Company Number 04649602).

As at 31 March 2025, the company was owed £110,376 (2024: owed £74,501) by Air Care Solutions Limited (Company Number 12636106), a related company by virtue of its directors and shareholders.