Aquabond Limited 31/10/2025 iXBRL

Company registration number: 04565587

Aquabond Limited

Unaudited filleted financial statements

31 October 2025

Aquabond Limited

Contents

Statement of financial position

Notes to the financial statements

Aquabond Limited

Statement of financial position

31 October 2025

				Restated
		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	6	1,687		2,024
Tangible assets	7	511,725		390,459
		_______		_______
			513,412		392,483

Current assets
Stocks	8	1,065,732		965,432
Debtors	9	1,588,098		1,445,148
Cash at bank and in hand		232,736		328,658
		_______		_______
		2,886,566		2,739,238
Creditors: amounts falling due
within one year	10	( 2,682,197)		( 2,395,698)
		_______		_______
Net current assets			204,369		343,540
			_______		_______
Total assets less current liabilities			717,781		736,023

Creditors: amounts falling due
after more than one year	11		( 164,230)		( 198,813)

Provisions for liabilities	12		( 101,250)		( 81,989)

			_______		_______
Net assets			452,301		455,221
			_______		_______

Capital and reserves
Called up share capital	14		250		200
Profit and loss account			452,051		455,021
			_______		_______
Shareholders funds			452,301		455,221
			_______		_______

For the 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.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 15 September 2026 , and are signed on behalf of the board by:

Mr Karl Lord

Director

Company registration number: 04565587

Aquabond Limited

Notes to the financial statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Unit 5a Christleton Court, Manor Park, Runcorn, Cheshire, WA7 1ST.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Combined other intangible assets	-	10 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Property improvements	-	10 %	reducing balance
Plant and machinery	-	25 %	reducing balance
Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance
Office equipment	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Hire purchase and finance leases

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 25 (2024: 24 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£
Current tax:
UK current tax expense	79,220	78,502
Adjustments in respect of previous periods	308	-
	_______	_______

Deferred tax:
Origination and reversal of timing differences	19,261	10,277
	_______	_______
Tax on profit	98,789	88,779
	_______	_______

6. Intangible assets

	Premium domain	Total
	£	£
Cost
At 1 November 2024 and 31 October 2025	3,373	3,373
	_______	_______
Amortisation
At 1 November 2024	1,349	1,349
Charge for the year	337	337
	_______	_______
At 31 October 2025	1,686	1,686
	_______	_______
Carrying amount
At 31 October 2025	1,687	1,687
	_______	_______
At 31 October 2024	2,024	2,024
	_______	_______

7. Tangible assets

				Restated
	Property improvements	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Office equipment	Total
	£	£	£	£	£	£
Cost
At 1 November 2024	45,093	664,752	39,681	187,645	70,147	1,007,318
Additions	109,627	48,473	1,667	55,800	6,959	222,526
	_______	_______	_______	_______	_______	_______
At 31 October 2025	154,720	713,225	41,348	243,445	77,106	1,229,844
	_______	_______	_______	_______	_______	_______
Depreciation
At 1 November 2024	16,190	455,986	33,751	58,731	52,203	616,861
Charge for the year	4,980	54,431	1,712	34,470	5,665	101,258
	_______	_______	_______	_______	_______	_______
At 31 October 2025	21,170	510,417	35,463	93,201	57,868	718,119
	_______	_______	_______	_______	_______	_______
Carrying amount
At 31 October 2025	133,550	202,808	5,885	150,244	19,238	511,725
	_______	_______	_______	_______	_______	_______
At 31 October 2024	28,903	208,766	5,930	128,914	17,944	390,457
	_______	_______	_______	_______	_______	_______

Obligations under finance leases

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

			Restated	Restated
	Property improvements	Plant and machinery	Motor vehicles	Office equipment
	£	£	£	£
At 31 October 2025	75,184	29,565	119,607	-
	_______	_______	_______	_______

At 31 October 2024	-	39,419	126,987	4,036
	_______	_______	_______	_______

8. Stocks

		Restated
	2025	2024
	£	£
Raw materials and consumables	741,981	682,503
Work in progress	173,069	69,822
Finished goods and goods for resale	109,662	102,980
Goods in transit	41,020	110,127
	_______	_______
	1,065,732	965,432
	_______	_______

9. Debtors

		Restated
	2025	2024
	£	£
Trade debtors	1,339,739	1,187,835
Amounts owed by group undertakings	147,667	212,297
Called up share capital not paid	50	-
Other debtors	34,405	6,217
Prepayments and accrued income	66,237	38,799
	_______	_______
	1,588,098	1,445,148
	_______	_______

10. Creditors: amounts falling due within one year

		Restated
	2025	2024
	£	£
Bank loans and overdrafts	52,500	90,000
Trade creditors	1,199,771	918,524
Corporation tax	160,935	95,465
Social security and other taxes	142,229	131,061
Obligations under hire purchase contracts	60,606	41,979
Factoring / invoice discounting	919,661	876,255
Trade loan accounts	15,002	169,097
Other creditors	32,546	16,807
Accruals and deferred income	98,947	56,510
	_______	_______
	2,682,197	2,395,698
	_______	_______

The bank loan is secured by way of a fixed and floating charge over the assets of the company.The hire purchase contracts are secured over the assets to which they relate.A fixed and floating charge over the assets of the company is held by RBS Invoice Finance Limited over the factoring account.

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

	2025	2024
	£	£
Bank loans and overdrafts	-	52,500
Accruals and deferred income	-	11,121
Obligations under hire purchase contracts	164,230	135,192
	_______	_______
	164,230	198,813
	_______	_______

The bank loan is secured by way of a fixed and floating charge over the assets of the company.The hire purchase contracts are secured over the assets to which they relate.

12. Provisions

	Deferred tax (note 13)	Total
	£	£
At 1 November 2024	81,989	81,989
Additions	19,261	19,261
	_______	_______
At 31 October 2025	101,250	101,250
	_______	_______

13. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 12)	101,250	81,989
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	101,250	81,989
	_______	_______

14. Called up share capital

Issued, called up and fully paid

				Restated
	2025		2024
	No	£	No		£
Ordinary shares of £ 1.00 each	-	-	200		200
Ordinary A shares of £ 1.00 each	200	200	-		-
Ordinary B shares of £ 1.00 each	50	50	-		-
	_______	_______	_______		_______
	250	250	200		200
	_______	_______	_______		_______


On 01 November 2024, 200 £1 Ordinary shares were reclassified to 200 £1 Ordinary A shares, with a further 50 £1 Ordinary B shares being issued.

15. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	39,901	8,585
Later than 1 year and not later than 5 years	131,720	14,603
	_______	_______
	171,621	23,188
	_______	_______

16. Related party transactions

KSL Investments Limited is considered to be a related party by virtue of being the ultimate parent company. During the year, the company paid dividends to KSL Investments Limited in the sum of £440,000 (2024: £230,000). At the year end date, KSL Investments Limited owed the company £105,894 (2024: £170,923).Waterford Chase Properties Limited is considered to be a related party by virtue of being under common control. During the year, the company charged Waterford Chase Properties Limited management fees in the sum of £12,000 (2024: £12,000). During the year, Waterford Chase Properties Limited charged the company rent in the sum of £73,333 (2024: £60,000). At the year end date, Waterford Chase Properties Limited owed the company £41,773 (2024: £41,373). All related party loans are interest free, unsecured and have no specific repayment terms.The bank loan in the company is secured by an intercompany gross guarantee and debenture between the company, Waterford Chase Properties Limited and KSL Investments Limited.The bank loan in Waterford Chase Properties Limited is secured by an intercompany gross guarantee and debenture, between the company, Waterford Chase Properties Limited and KSL Investments Limited.

17. Ultimate parent company

The company is a 80% subsidiary of KSL Investments Limited. The parent's registered office is Unit 5a Christleton Court, Manor Park, Runcorn, Cheshire, WA7 1ST.

18. Correction of prior year

During the preparation of these financial statements, a prior period error requiring adjustment through reserves was identified. The comparative financial statements for the year ended 31 October 2024 have been restated to correct the accounting treatment relating to the disposal of a motor vehicle. As a result of this correction, the statement of comprehensive income, statement of financial position and statement of changes in equity have been restated. The correction has reduced the prior year profit by £3,424. In addition, a £50 adjustment has been made in respect of share capital. The comparative figures have also been subject to certain presentational reclassifications within the statement of comprehensive income and statement of financial position to improve the presentation of the financial statements and enhance comparability between reporting periods. These reclassifications have had no impact on the reported profit or net assets.