Registration number: 15140180

Aquamagic Plumbing and Heating Limited

(Registration number: 15140180)
Statement of Financial Position as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	31,085	3,118
Current assets
Stocks	5	5,000	-
Debtors	6	3,210	15,877
Cash at bank and in hand		8,778	18,472
		16,988	34,349
Creditors: Amounts falling due within one year	7	(17,370)	(35,800)
Net current liabilities		(382)	(1,451)
Total assets less current liabilities		30,703	1,667
Creditors: Amounts falling due after more than one year	7	(30,489)	-
Net assets		214	1,667
Capital and reserves
Called up share capital		100	100
Profit and loss account		114	1,567
Shareholders' funds		214	1,667

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.

Director's 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 director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 7 January 2026
 

......................................... Mr T Gale Director

Aquamagic Plumbing and Heating Limited

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

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY, United Kingdom.

2	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.

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

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 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 statement of financial position 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:

Aquamagic Plumbing and Heating Limited

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

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Office equipment	3 years straight line
Motor vehicles	5 years straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Aquamagic Plumbing and Heating Limited

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

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Aquamagic Plumbing and Heating Limited

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

4	Tangible assets

	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 October 2024	2,457	714	1,000	4,171
Additions	913	-	35,225	36,138
At 30 September 2025	3,370	714	36,225	40,309
Depreciation
At 1 October 2024	615	238	200	1,053
Charge for the year	688	238	7,245	8,171
At 30 September 2025	1,303	476	7,445	9,224
Carrying amount
At 30 September 2025	2,067	238	28,780	31,085
At 30 September 2024	1,842	476	800	3,118

5

Stocks

	2025 £	2024 £
Raw materials and consumables	5,000	-

6

Debtors

	2025 £	2024 £
Trade debtors	2,485	14,476
Other debtors	-	1,401
Prepayments	725	-
	3,210	15,877

7

Creditors

Creditors: amounts falling due within one year

Aquamagic Plumbing and Heating Limited

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

	Note	2025 £	2024 £
Loans and borrowings	8	6,285	-
Trade creditors		3,840	20
Taxation and social security		4,459	18,099
Accruals and deferred income		1,700	1,650
Other creditors		1,086	16,031
		17,370	35,800

Creditors include hire purchase contracts which are secured of £36,774, of which £30,489 is due in more than one year (2024 - £Nil).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Loans and borrowings	8	30,489	-

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	30,489	-

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	6,285	-