Aquaflo Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09441491

Aquaflo Ltd

Filleted Unaudited Financial Statements

28 February 2026

Aquaflo Ltd

Statement of Financial Position

28 February 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	5	25,470	51,825
Investments	6	1,300	1,300
		--------	--------
		26,770	53,125

Current assets

Stocks		2,230,087	1,674,347
Debtors	7	2,484,833	3,027,687
Cash at bank and in hand		1,538,234	1,033,396
		------------	------------
		6,253,154	5,735,430

Creditors: amounts falling due within one year	8	804,370	966,657
		------------	------------
Net current assets		5,448,784	4,768,773
		------------	------------
Total assets less current liabilities		5,475,554	4,821,898

Creditors: amounts falling due after more than one year	9	49,606	63,014

Provisions - deferred tax	6,368	12,956
	------------	------------
Net assets	5,419,580	4,745,928
	------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	5,419,480	4,745,828
	------------	------------
Shareholders funds	5,419,580	4,745,928
	------------	------------

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 income and retained earnings has not been delivered.

For the year ending 28 February 2026 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 .

Aquaflo Ltd

Statement of Financial Position (continued)

28 February 2026

These financial statements were approved by the board of directors and authorised for issue on 30 October 2026 , and are signed on behalf of the board by:

Mr K Patel

Director

Company registration number: 09441491

Aquaflo Ltd

Notes to the Financial Statements

Year ended 28 February 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit A2 Livingstone Court, 55 Peel Road, Harrow, HA3 7QT, Middlesex.

2. Statement of compliance

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

Foreign currency transactions

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 the profit and loss account.

Revenue recognition

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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

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.

Tangible assets

Tangible assets are initially recorded at cost, and 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Plant and machinery	-	25% straight line
Fixtures and fittings	-	25% straight line
Motor vehicles	-	25% straight line
Equipment	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

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 stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2025: 10 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 March 2025	4,750	102,253	147,630	21,975	276,608
Additions	9,750	–	–	2,298	12,048
Disposals	( 4,750)	–	–	–	( 4,750)
	-------	---------	---------	--------	---------
At 28 February 2026	9,750	102,253	147,630	24,273	283,906
	-------	---------	---------	--------	---------
Depreciation
At 1 March 2025	4,750	102,253	101,815	15,965	224,783
Charge for the year	2,438	–	32,820	3,145	38,403
Disposals	( 4,750)	–	–	–	( 4,750)
	-------	---------	---------	--------	---------
At 28 February 2026	2,438	102,253	134,635	19,110	258,436
	-------	---------	---------	--------	---------
Carrying amount
At 28 February 2026	7,312	–	12,995	5,163	25,470
	-------	---------	---------	--------	---------
At 28 February 2025	–	–	45,815	6,010	51,825
	-------	---------	---------	--------	---------

6. Investments

	Unquoted shares
	£
Cost
At 1 March 2025 and 28 February 2026	1,300
	-------
Impairment
At 1 March 2025 and 28 February 2026	–
	-------

Carrying amount
At 28 February 2026	1,300
	-------
At 28 February 2025	1,300
	-------

7. Debtors

	2026	2025
	£	£
Trade debtors	316,737	260,257
Other debtors	2,168,096	2,767,430
	------------	------------
	2,484,833	3,027,687
	------------	------------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	376,109	414,983
Corporation tax	231,006	214,884
Social security and other taxes	142,181	78,679
Other creditors	10,652	122,294
Other creditors	44,422	135,817
	---------	---------
	804,370	966,657
	---------	---------

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

	2026	2025
	£	£
Other creditors	49,606	63,014
	--------	--------

10. Deferred tax

The deferred tax included in the statement of financial position is in respect of excess of taxation allowances over depreciation on fixed assets.

11. Operating leases

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

	2026	2025
	£	£
Not later than 1 year	80,471	64,857
Later than 1 year and not later than 5 years	94,475	131,648
	---------	---------
	174,946	196,505
	---------	---------

12. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2026
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr K Patel	400,000	–	( 400,000)	–
	---------	----	---------	----

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr K Patel	–	400,000	–	400,000
	----	---------	----	---------

13. Related party transactions

The Company paid £120,000 in rent to a company in which Mr K Patel and Mr V Halai are also directors and shareholders. The Company also paid £100,641 in rent and rates to a company in which Mr K Patel is also a director and shareholder. The Company has loaned £400,000 to Aquapro Ltd and £1,724,944 to Aqua Commercial Estate Ltd in which the directors are also directors and shareholders. The loans are interest free, unsecured and subordinated to the claims of all other creditors.