Aquatherm Drilling Ltd - Filleted accounts

Registered number

16178348

Aquatherm Drilling Ltd

Filleted Accounts

31 January 2026

Aquatherm Drilling Ltd
Registered number:		16178348
Balance Sheet
as at 31 January 2026

Notes			2026
£
Fixed assets
Tangible assets	3		42,721

Current assets
Debtors	4	16,241
Cash at bank and in hand		117,753
		133,994

Creditors: amounts falling due within one year	5	(79,830)

Net current assets			54,164

Total assets less current liabilities			96,885

Creditors: amounts falling due after more than one year	6		(6,549)



Net assets			90,336

Capital and reserves
Called up share capital			1
Profit and loss account			90,335

Shareholder's funds			90,336

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Dean Appleby
Director
Approved by the board on 24 September 2026

Aquatherm Drilling Ltd
Notes to the Accounts
for the period from 13 January 2025 to 31 January 2026


1	Accounting policies

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	15% - reducing balance
	Motor Vehicles	25% - reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2026
Number

	Average number of persons employed by the company			3


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	Additions	29,321		23,825		53,146
	At 31 January 2026	29,321		23,825		53,146

	Depreciation
	Charge for the period	4,469		5,956		10,425
	At 31 January 2026	4,469		5,956		10,425

	Net book value
	At 31 January 2026	24,852		17,869		42,721


4	Debtors			2026
£

	Trade debtors			15,832
	Other debtors			409
				16,241


5	Creditors: amounts falling due within one year			2026
£

	Obligations under finance lease and hire purchase contracts			2,853
	Trade creditors			42,707
	Taxation and social security costs			24,425
	Other creditors			9,845
				79,830


6	Creditors: amounts falling due after one year			2026
£

	Obligations under finance lease and hire purchase contracts			6,549


7	Other information

	Aquatherm Drilling Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	7 Broadoaks
	Murton
	Seaham
	County Durham
	SR7 9DL