Aquarius Marine Coatings Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 03148946 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Aquarius Marine Coatings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Kenny

E C G Clark

SECRETARY:

E C G Clark

REGISTERED OFFICE:

21 Church Road

Parkstone

Poole

Dorset

BH14 8UF

REGISTERED NUMBER:

03148946 (England and Wales)

ACCOUNTANT:

Richard Allen & Associates

21 Church Road

Parkstone

Poole

Dorset

BH14 8UF

FIXED ASSETS

Tangible assets

4

298,586

313,333

Investments

5

2,604

2,507

Investment property

6

180,000

481,190

495,840

CURRENT ASSETS

Stocks

37,500

40,000

Debtors

7

1,004,159

884,081

Investments

8

20,994

25,100

Cash at bank

84,521

169,204

1,147,174

1,118,385

CREDITORS

Amounts falling due within one year

9

354,083

328,962

NET CURRENT ASSETS

793,091

789,423

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,274,281

1,285,263

CREDITORS

Amounts falling due after more than one
year

10

(162,535

)

(191,771

)

PROVISIONS FOR LIABILITIES

(19,692

)

(23,349

)

NET ASSETS

1,092,054

1,070,143

CAPITAL AND RESERVES

Called up share capital

4

Retained earnings

1,092,050

1,070,139

SHAREHOLDERS' FUNDS

1,092,054

1,070,143

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 1 September 2026 and were signed on its behalf by:

E C G Clark - Director

1.	STATUTORY INFORMATION

Aquarius Marine Coatings Ltd is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

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.

Land and buildings

-

Not provided

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 15% on reducing balance and Not provided

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

Hire purchase and leasing commitments

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2025 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 February 2025

200,315

201,326

401,641

Additions

-

6,435

At 31 January 2026

200,315

207,761

408,076

DEPRECIATION

At 1 February 2025

-

88,308

Charge for year

-

21,182

At 31 January 2026

-

109,490

NET BOOK VALUE

At 31 January 2026

200,315

98,271

298,586

At 31 January 2025

200,315

113,018

313,333

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST OR VALUATION

At 1 February 2025

2,507

Revaluations

97

At 31 January 2026

2,604

NET BOOK VALUE

At 31 January 2026

2,604

At 31 January 2025

2,507

Cost or valuation at 31 January 2026 is represented by:

Shares in

group

undertakings

£

Valuation in 2025

(54

)

Valuation in 2026

97

Cost

2,561

2,604

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

and 31 January 2026

180,000

NET BOOK VALUE

At 31 January 2026

180,000

At 31 January 2025

180,000

Fair value at 31 January 2026 is represented by:

£

Valuation in 2022

12,895

Cost

167,105

180,000

If the investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

Cost

167,105

The investment property was valued on a fair value basis on 31 January 2026 by Mr E C G Clark, Director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

132,308

88,008

Other debtors

871,851

796,073

1,004,159

884,081

8.	CURRENT ASSET INVESTMENTS

2026

2025

£

Listed investments

20,994

25,100

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

19,687

Hire purchase contracts

10,529

Trade creditors

122,735

79,509

Taxation and social security

187,108

207,001

Other creditors

14,024

12,236

354,083

328,962

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2026

2025

£

Bank loans

105,665

124,371

Hire purchase contracts

56,870

67,400

162,535

191,771

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2026 and 31 January 2025:

2026

2025

£

J A Kenny

Balance outstanding at start of year

292,422

202,237

Amounts advanced

183,659

257,997

Amounts repaid

(177,812

)

(167,812

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

298,269

292,422

E C G Clark

Balance outstanding at start of year

293,560

236,920

Amounts advanced

215,472

307,752

Amounts repaid

(177,812

)

(251,112

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

331,220

293,560

12.	RELATED PARTY DISCLOSURES

At the year end the company was owed £78,844 (2025: £95,000) by Aquarius Managed Properties Limited.

At the year end the company was owed £75,841 (2025: £52.341) by AMC Portals SL

At the year end the company was owed £10,255 (2025 £10,255) by Copper Coatings ltd

The directors of this company are also directors of Aquarius Managed Properties Limited, Copper Coatings ltd and AMC Portals SL..