REGISTERED NUMBER: SC787531 (Scotland)

Aquashield Solutions Ltd

Financial Statements For The Year Ended 31 October 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A J McConnell

REGISTERED OFFICE:

9 West Park Crescent

Inverbervie

Aberdeenshire

DD10 0TX

REGISTERED NUMBER:

SC787531 (Scotland)

ACCOUNTANTS:

The Long Partnership

4 North Guildry Street

Elgin

Moray

IV30 1JR

BANKERS:

Tide

4th Floor

Prologue Works

25 Marsh Street

Bristol

BS1 4AX

FIXED ASSETS

Tangible assets

4

9,478

11,271

CURRENT ASSETS

Stocks

1,200

1,600

Debtors

5

2,000

1,644

Cash at bank

783

4,568

3,983

7,812

CREDITORS

Amounts falling due within one year

6

25,885

13,400

NET CURRENT LIABILITIES

(21,902

)

(5,588

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(12,424

)

5,683

CREDITORS

Amounts falling due after more than one year

7

(2,476

)

(4,158

)

PROVISIONS FOR LIABILITIES

8

-

(2,141

)

NET LIABILITIES

(14,900

)

(616

)

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

10

(14,902

)

(618

)

SHAREHOLDERS' FUNDS

(14,900

)

(616

)

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

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

The financial statements were approved by the director and authorised for issue on 3 December 2025 and were signed by:

Mr A J McConnell - Director

1.	STATUTORY INFORMATION

Aquashield Solutions Ltd is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

25% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

The company's liabilities exceed its assets by £14,900 this includes amounts owed by the company to the director totalling £1,911. The director has confirmed that he will maintain financial support for the foreseeable future to enable the company to continue normal trading operations. The financial statements are therefore drawn up in a going concern basis.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Motor

Equipment

vehicles

Totals

£

£

£

COST

At 1 November 2024

3,191

9,850

13,041

Additions

1,200

-

1,200

At 31 October 2025

4,391

9,850

14,241

DEPRECIATION

At 1 November 2024

532

1,238

1,770

Charge for year

840

2,153

2,993

At 31 October 2025

1,372

3,391

4,763

NET BOOK VALUE

At 31 October 2025

3,019

6,459

9,478

At 31 October 2024

2,659

8,612

11,271

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Other debtors

2,000

1,644

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Hire purchase contracts

1,682

1,357

Trade creditors

1,112

-

Other creditors

23,091

12,043

25,885

13,400

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Hire purchase contracts

2,476

4,158

8.	PROVISIONS FOR LIABILITIES

31.10.25

31.10.24

£

£

Deferred tax

-

2,141

Deferred

tax

£

Balance at 1 November 2024

2,141

Provided during year

(2,141

)

Balance at 31 October 2025

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

2

Ordinary

1

2

2

10.

RESERVES

Retained

earnings

£

At 1 November 2024

(618

)

Deficit for the year

(14,284

)

At 31 October 2025

(14,902

)

11.	RELATED PARTY DISCLOSURES

As at 31 October 2024 the company owed the director £1,569. During the year the director met expenses on behalf of the company totalling £342. At 31 October 2025 the company owed the director £1,911. This loan is interest free and has no fixed terms of repayment.

As at 31 October 2024 the company owed McConnell Consultancy Services Ltd £9,000. During the year McConnell Consultancy Services Ltd, a company under common control met expenses of £7,200 on behalf of the company. At 31 October 2025 the company owed McConnell Consultancy Services Ltd £16,200. This loan is interest free and has no fixed terms of repayment.

As at 31 October 2024 the company owed Ecocel (Scotland) Ltd £850. During the year Ecocel (Scotland) Ltd, a company under common control met expenses of £3,300 on behalf of the company. At 31 October 2025 the company owed Ecocel (Scotland) Ltd £4,150. This loan is interest free and has no fixed terms of repayment.