Registration number: 05470910

FWG Aquatics Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 6

FWG Aquatics Limited

(Registration number: 05470910)
Balance Sheet as at 26 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	110,438	111,147
Creditors: Amounts falling due within one year	7	(123,837)	(79,076)
Total assets less current liabilities		(13,399)	32,071
Creditors: Amounts falling due after more than one year	7	-	(44,760)
Provisions for liabilities		(171)	(171)
Net liabilities		(13,570)	(12,860)
Capital and reserves
Called up share capital	8	100	100
Retained earnings		(13,670)	(12,960)
Shareholders' deficit		(13,570)	(12,860)

For the financial year ending 26 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 Profit and Loss Account.

Approved and authorised by the director on 23 June 2026
 

......................................... Mr M Duerden Director

FWG Aquatics Limited

Notes to the Unaudited Financial Statements for the Year Ended 26 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:
Beckondale
Division Lane
Blackpool
FY4 5EA

These financial statements were authorised for issue by the director on 23 June 2026.

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.

Tax

The current 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
Freehold land and buildings	Not depreciated on the basis that any depreciation would not be material
Fixtures and fittings	20% per annum reducing balance basis
Motor vehicles	25% per annum reducing balance basis

FWG Aquatics Limited

Notes to the Unaudited Financial Statements for the Year Ended 26 September 2025

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	Over 15 years straight line basis

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.

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 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.

FWG Aquatics Limited

Notes to the Unaudited Financial Statements for the Year Ended 26 September 2025

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 profit and loss account 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.

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.

3	Staff numbers

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

4	Intangible assets

	Goodwill  £	Total £
Cost
At 27 September 2024	95,000	95,000
At 26 September 2025	95,000	95,000
Amortisation
At 27 September 2024	95,000	95,000
At 26 September 2025	95,000	95,000
Carrying amount
At 26 September 2025	-	-
At 26 September 2024	-	-

FWG Aquatics Limited

Notes to the Unaudited Financial Statements for the Year Ended 26 September 2025

5	Tangible assets

	Freehold land and buildings £	Fixtures and fittings  £	Motor vehicles  £	Total £
Cost
At 27 September 2024	110,438	10,427	5,829	126,694
At 26 September 2025	110,438	10,427	5,829	126,694
Depreciation
At 27 September 2024	-	9,882	5,665	15,547
Charge for the year	-	545	164	709
At 26 September 2025	-	10,427	5,829	16,256
Carrying amount
At 26 September 2025	110,438	-	-	110,438
At 26 September 2024	110,438	545	164	111,147

6

Debtors

	2025 £	2024 £
	-	-

7

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	102,909	57,982
Trade creditors		-	1,313
Taxation and social security		15,515	15,516
Accruals and deferred income		5,413	4,100
Other creditors		-	165
		123,837	79,076