REGISTERED NUMBER: 03488636 (England and Wales)

Financial Statements

for the Year Ended 31 December 2016

for

Aqua Leisure International Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K A Palmer

R T G Currie

REGISTERED OFFICE:

Unit 8 & 9

Jayes Park Courtyard

Ockley

Dorking

Surrey

RH5 5RR

REGISTERED NUMBER:

03488636 (England and Wales)

ACCOUNTANTS:

Williams & Co

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

10,250

13,929

10,250

13,929

CURRENT ASSETS

Debtors

6

240,285

383,926

Cash at bank

206,996

246,236

447,281

630,162

CREDITORS

Amounts falling due within one year

7

38,602

476,188

NET CURRENT ASSETS

408,679

153,974

TOTAL ASSETS LESS CURRENT LIABILITIES

418,929

167,903

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

418,829

167,803

SHAREHOLDERS' FUNDS

418,929

167,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 17 August 2017 and were signed on its behalf by:

K A Palmer - Director

1.	STATUTORY INFORMATION

Aqua Leisure International Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis.

The Directors have prepared detailed forecasts and cashflow projections which they believe are

based upon reasonable assumptions. These forecasts show that the Company should be able to

operate within its current facilities for the foreseeable future and thus the Directors consider it

appropriate to prepare the financial on a statements going concern basis.

Turnover

Turnover reflects the contract activity during the year and reflects the fair value of the contract work

completed. The attributable profit on contracts is recognised as contracts progress. Full provision is

made for losses in the year in which the loss is first foreseen.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that

are expected to apply to the reversal of the timing difference.

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.

Research and development

Research expenditure is written off to the profit and loss account in the year in which it is incurred.

Development expenditure is written off in the same year unless the directors are satisfied as to the

technical, commercial and financial viability of individual projects. In this situation, the expenditure is

deferred and amortised over the period from which the company is expected to benefit.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

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 7 .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 January 2016

and 31 December 2016

40,879

AMORTISATION

At 1 January 2016

and 31 December 2016

40,879

NET BOOK VALUE

At 31 December 2016

-

At 31 December 2015

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2016

and 31 December 2016

243,838

184,229

428,067

DEPRECIATION

At 1 January 2016

238,915

175,223

414,138

Charge for year

3,387

292

3,679

At 31 December 2016

242,302

175,515

417,817

NET BOOK VALUE

At 31 December 2016

1,536

8,714

10,250

At 31 December 2015

4,923

9,006

13,929

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

4,744

172,309

Trade debtors - retentions

102,116

103,726

Amounts owed by group undertakings

124,082

53,645

VAT

-

9,528

Prepayments

9,343

16,144

Accrued Income

-

28,574

240,285

383,926

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

28,022

68,946

Social security and other taxes

-

39,754

VAT

175

-

Directors' current accounts

1,662

1,962

Accrued expenses

8,743

365,526

38,602

476,188

8.	SECURED DEBTS

The following secured debts are included within creditors:

2016

2015

£

£

The company repaid the bank loan in full in the year.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is OSH Development Services Limited, a company wholly owned by R

Currie and K Palmer.