Registration number: SC189598

Aquasky Limited

Contents

Company Information	1
Directors' Report	2
Accountants' Report	3
Profit and Loss Account	4
Statement of Comprehensive Income	5
Balance Sheet	6
Statement of Changes in Equity	7
Notes to the Unaudited Financial Statements	8 to 12

Aquasky Limited

Company Information

Directors

Mr Fergus Barlow Mrs Vivien Mary Barlow Mr Stephen Barlow

Registered office

Sidhean Beag Kilmore Argyll PA34 4XX

Accountants

Jack MacDonald & Co Cuan Aille 1 Aldersyde Taynuilt Argyll PA35 1AG

Aquasky Limited

Directors' Report for the Year Ended 30 September 2025

The directors present their report and the financial statements for the year ended 30 September 2025.

Directors of the company

The directors who held office during the year were as follows:

Mr Fergus Barlow

Mrs Vivien Mary Barlow

Mr Stephen Barlow

Principal activity

The principal activity of the company is underwater contracting services

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 13 January 2026 and signed on its behalf by:
 

......................................... Mr Stephen Barlow Director

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Aquasky Limited
for the Year Ended 30 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Aquasky Limited for the year ended 30 September 2025 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Aquasky Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Aquasky Limited and state those matters that we have agreed to state to the Board of Directors of Aquasky Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aquasky Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Aquasky Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Aquasky Limited. You consider that Aquasky Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Aquasky Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Jack MacDonald & Co
Cuan Aille
1 Aldersyde
Taynuilt
Argyll
PA35 1AG

13 January 2026

Aquasky Limited

Profit and Loss Account for the Year Ended 30 September 2025

	Note	2025 £	2024 £
Turnover		303,276	284,792
Cost of sales		(25,945)	(19,962)
Gross profit		277,331	264,830
Administrative expenses		(171,974)	(145,819)
Operating profit		105,357	119,011
Profit before tax	3	105,357	119,011
Tax on profit		(27,172)	(46,365)
Profit for the financial year		78,185	72,646

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Aquasky Limited

Statement of Comprehensive Income for the Year Ended 30 September 2025

	2025 £	2024 £
Profit for the year	78,185	72,646
Total comprehensive income for the year	78,185	72,646

Aquasky Limited

(Registration number: SC189598)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	49,641	62,051
Current assets
Debtors	5	21,689	14,845
Cash at bank and in hand		24,327	40,116
		46,016	54,961
Creditors: Amounts falling due within one year	6	(48,024)	(54,564)
Net current (liabilities)/assets		(2,008)	397
Net assets		47,633	62,448
Capital and reserves
Called up share capital	7	3	3
Retained earnings		47,630	62,445
Shareholders' funds		47,633	62,448

For the financial year ending 30 September 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 13 January 2026 and signed on its behalf by:
 

......................................... Mr Stephen Barlow Director

Aquasky Limited

Statement of Changes in Equity for the Year Ended 30 September 2025

	Share capital £	Retained earnings £	Total £
At 1 October 2024	3	62,445	62,448
Profit for the year	-	78,185	78,185
Dividends	-	(93,000)	(93,000)
At 30 September 2025	3	47,630	47,633

	Share capital £	Retained earnings £	Total £
At 1 October 2023	3	104,799	104,802
Profit for the year	-	72,646	72,646
Dividends	-	(115,000)	(115,000)
At 30 September 2024	3	62,445	62,448

Aquasky Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1	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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

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 sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

The current income 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.

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
Plant & machinery	20% reducing balance

Aquasky Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

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.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 3).

3	Profit before tax

Arrived at after charging/(crediting)

Aquasky Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

	2025 £	2024 £
Depreciation expense	12,410	15,513

Aquasky Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

4	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 October 2024	406,817	406,817
At 30 September 2025	406,817	406,817
Depreciation
At 1 October 2024	344,766	344,766
Charge for the year	12,410	12,410
At 30 September 2025	357,176	357,176
Carrying amount
At 30 September 2025	49,641	49,641
At 30 September 2024	62,051	62,051

5

Debtors

Current	2025 £	2024 £
Trade debtors	21,689	14,845
	21,689	14,845

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	42,650	49,040
Accruals and deferred income	5,000	5,000
Other creditors	374	524
	48,024	54,564

7	Share capital

Allotted, called up and fully paid shares

Aquasky Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	3	3	3	3

8

Dividends

		2025		2024
		£		£
Interim dividend of £31,000.00 (2024 - £38,333.33) per ordinary share		93,000		115,000