Company No: 02615425 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

J P Smith

REGISTERED OFFICE	Unit 10 - 11 Irlam Business Centre
	Soapstone Way
	Irlam
	Manchester
	United Kingdom

COMPANY NUMBER

02615425 (England and Wales)

ACCOUNTANT	S&W Partners (Manchester) Limited
	Pall Mall
	1 Pollen Square
	59 King Street
	Manchester
	M2 4PD

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	102,016		31,195
		102,016		31,195
Current assets
Stocks	5	563,426		542,955
Debtors	6	297,883		265,508
Cash at bank and in hand		353,728		494,672
		1,215,037		1,303,135
Creditors: amounts falling due within one year	7	( 239,543)		( 313,852)
Net current assets		975,494		989,283
Total assets less current liabilities		1,077,510		1,020,478
Creditors: amounts falling due after more than one year	8	( 41,299)		0
Provision for liabilities	9, 10	( 25,500)		( 7,800)
Net assets		1,010,711		1,012,678
Capital and reserves
Called-up share capital	11	1,020		1,020
Profit and loss account		1,009,691		1,011,658
Total shareholder's funds		1,010,711		1,012,678

For the financial year ending 31 October 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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Aquamatic Limited (registered number: 02615425) were approved and authorised for issue by the Director on 03 June 2026. They were signed on its behalf by:

J P Smith Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Aquamatic Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is shown on the company information page.

The financial statements have been prepared under the historical cost convention, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Turnover

The company recognises turnover when significant risks and rewards of ownership of the goods are transferred to the buyer. These criteria are generally met when finished products are delivered to the customers and both title and the risks and rewards of ownership are transferred, or services have been rendered and accepted.

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Dividends

Dividends and other distributions to the company's shareholder are recognised as a liability in the financial statements in the period in which the dividends and the other distributions are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

4 - 6.67 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Stocks are recognised as an expense in the period in which the related revenue is recognised.

Cost is determined on the actual cost method. Cost includes the purchase price, including taxes and duties and transport and handling directly attributable to bringing the stock to its present location and condition.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment is recognised the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) 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.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	18		18

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 November 2024	7,265		7,265
At 31 October 2025	7,265		7,265
Accumulated amortisation
At 01 November 2024	7,265		7,265
At 31 October 2025	7,265		7,265
Net book value
At 31 October 2025	0		0
At 31 October 2024	0		0

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 November 2024	472,662		472,662
Additions	90,838		90,838
At 31 October 2025	563,500		563,500
Accumulated depreciation
At 01 November 2024	441,467		441,467
Charge for the financial year	20,017		20,017
At 31 October 2025	461,484		461,484
Net book value
At 31 October 2025	102,016		102,016
At 31 October 2024	31,195		31,195

Included in fixed assets are assets held under hire purchase and finance leases. The net book value of these assets is £51,770 (2024 - £1) with a depreciation charge for the year of £6,020 (2024 - £nil)

5. Stocks

	2025		2024
	£		£
Stocks	563,426		542,955

6. Debtors

	2025		2024
	£		£
Trade debtors	289,510		247,867
Other debtors	8,373		17,641
	297,883		265,508

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	79,478		150,430
Amounts owed to Group undertakings	25,000		0
Taxation and social security	113,155		143,389
Obligations under finance leases and hire purchase contracts (secured £5,794)	6,694		900
Other creditors	15,216		19,133
	239,543		313,852

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts (secured)	41,299		0

Obligations under finance leases and hire purchase contacts are secured on the assets to which they relate.

9. Provision for liabilities

	2025		2024
	£		£
Deferred tax	25,500		7,800

10. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 7,800)		( 5,800)
Charged to the Profit and Loss Account	( 17,700)		( 2,000)
At the end of financial year	( 25,500)		( 7,800)

11. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,020 Ordinary shares of £ 1.00 each	1,020		1,020

12. Financial commitments

Commitments

	2025		2024
	£		£
Total future minimum lease payments under non-cancellable operating leases	226,727		267,950

13. Ultimate controlling party

Parent Company:

Aquamatic Group Limited

Irlam Business Centre Soapstone Way Irlam Manchester M44 6GP