Company Registration No. 05821183 (England and Wales)
AQUAFIT LIMITED
Unaudited accounts
for the year ended 31 May 2021
AQUAFIT LIMITED
Unaudited accounts
Contents
AQUAFIT LIMITED
Company Information
for the year ended 31 May 2021
Directors
MR R CROOKS
MRS N CROOKS
Company Number
05821183 (England and Wales)
Registered Office
15 PLUM TREE ROAD
SPROATLEY
HULL
HU11 4XL
ENGLAND
AQUAFIT LIMITED
Statement of financial position
as at
31 May 2021
Tangible assets
3,692
3,715
Cash at bank and in hand
16,630
13,149
Creditors: amounts falling due within one year
(5,642)
(4,782)
Net current assets
27,217
20,254
Total assets less current liabilities
30,909
23,969
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
30,275
23,335
Shareholders' funds
30,375
23,435
For the year ending 31 May 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2021 and were signed on its behalf by
MR R CROOKS
Director
Company Registration No. 05821183
AQUAFIT LIMITED
Notes to the Accounts
for the year ended 31 May 2021
AQUAFIT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05821183. The registered office is 15 PLUM TREE ROAD, SPROATLEY, HULL, HU11 4XL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 May 2021 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2019.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% - Reducing Balance
Motor vehicles
20% - Reducing Balance
Computer equipment
25% - Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2020
9,705
15,224
4,379
29,308
At 31 May 2021
10,627
15,224
4,379
30,230
At 1 June 2020
8,901
12,654
4,038
25,593
Charge for the year
346
514
85
945
At 31 May 2021
9,247
13,168
4,123
26,538
At 31 May 2021
1,380
2,056
256
3,692
At 31 May 2020
804
2,570
341
3,715
AQUAFIT LIMITED
Notes to the Accounts
for the year ended 31 May 2021
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
381
195
Other debtors
3,851
5,107
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
3,738
3,899
Loans from directors
236
266
7
Average number of employees
During the year the average number of employees was 2 (2020: 2).