REGISTERED NUMBER: 02486363 (England and Wales)

Aquapoint Computers Limited

Unaudited Financial Statements

for the Year Ended 6th April 2025

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

5

Director:

A J E Gray

Registered office:

7 Bell Yard

London

WC2A 2JR

Registered number:

02486363 (England and Wales)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Current assets

Debtors

4

913

51,480

Cash at bank

66,006

64,568

66,919

116,048

Creditors

Amounts falling due within one year

5

5,743

23,579

Net current assets

61,176

92,469

Total assets less current liabilities

61,176

92,469

Capital and reserves

Called up share capital

100

100

Retained earnings

61,076

92,369

61,176

92,469

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 6th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 6th April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 19th December 2025 and were signed by:

A J E Gray - Director

1.	Statutory information

Aquapoint Computers Limited 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 represents the total invoice value, excluding value added tax, of sales made during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership are passed to the buyer. Turnover arising from the provision of information technology consultancy and software development is recognised as contract activity progresses and the right to consideration is earned.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, accruals and directors' loans.

Directors' loans (being repayable on demand), trade debtors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern

The director has considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

The average number of employees during the year was NIL (2024 - NIL).

4.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

-

16,890

Other debtors

913

34,590

913

51,480

5.

Creditors: amounts falling due within one year

2025

2024

£

£

Taxation and social security

1,754

22,379

Other creditors

3,989

1,200

5,743

23,579

6.	Director's advances, credits and guarantees

The following advances and credits to the director subsisted during the years ended 6th April 2025 and 6th April 2024:

2025

2024

Director 1

Balance outstanding at start of year

34,591

-

Amounts advanced

-

40,515

Amount repaid

(34,591

)

(5,924

)

-

34,591

This loan is unsecured, interest has been charged at the official rates published by HMRC and it is repayable on demand.