REGISTERED NUMBER: 03835361 (England and Wales)

Abbreviated Accounts for the Year Ended 31 August 2016

for

Aquatech Environmental Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr S Gill

SECRETARY:

Miss H Gill

REGISTERED OFFICE:

7 - 24 Ashland Street

Wolverhampton

West Midlands

WV3 0BN

REGISTERED NUMBER:

03835361 (England and Wales)

BANKERS:

HSBC Bank PLC

PO Box 33

9 Queen Square

Wolverhampton

WV1 1TE

FIXED ASSETS

Intangible assets

2

78,000

48,000

Tangible assets

3

520,629

626,054

598,629

674,054

CURRENT ASSETS

Stocks

21,110

25,715

Debtors

483,503

468,652

Cash at bank

381,789

402,591

886,402

896,958

CREDITORS

Amounts falling due within one year

320,606

378,181

NET CURRENT ASSETS

565,796

518,777

TOTAL ASSETS LESS CURRENT LIABILITIES

1,164,425

1,192,831

CREDITORS

Amounts falling due after more than one year

73,271

173,747

NET ASSETS

1,091,154

1,019,084

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

1,091,054

1,018,984

SHAREHOLDERS' FUNDS

1,091,154

1,019,084

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 1 February 2017 and were signed by:

Mr S Gill - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover consists of the invoiced value (excluding VAT) for goods and services supplied in the period.

All turnover is derived from the principle activities within the United Kingdom.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided evenly on the cost of tangible fixed assets, to write them down to their

estimated residual values over their expected useful lives. Where there is evidence of impairment,

fixed assets are written down to the recoverable amount. Any such write down would be charged to

operating profit, unless it was a reversal of a past revaluation surplus in which case it would be taken

to the statement of total recognised gains and losses.

The principle annual rates used for other assets are:-

Plant and Machinery

20%

Furniture and Equipment

25%

Motor Vehicles

25%

No depreciation is provided on freehold buildings. This policy is not in accordance with Financial

Reporting Standard 15 - Tangible Fixed Assets. However, in the opinion of the directors the effect is

not material.

Stocks

Stock is valued at the lower of cost and estimated net realisable value on a method similar to first in,

first out basis.

Deferred tax

Deferred Taxation is provided using the liability method in respect of the taxation effect of all timing

differences other than those which are expected with reasonable profitability to continue in the

foreseeable future.

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 the profit and loss account in the period to which they

relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

70,000

Additions

55,000

At 31 August 2016

125,000

AMORTISATION

At 1 September 2015

22,000

Amortisation for year

25,000

At 31 August 2016

47,000

NET BOOK VALUE

At 31 August 2016

78,000

At 31 August 2015

48,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

985,724

Additions

96,085

Disposals

(134,651

)

At 31 August 2016

947,158

DEPRECIATION

At 1 September 2015

359,670

Charge for year

115,354

Eliminated on disposal

(48,495

)

At 31 August 2016

426,529

NET BOOK VALUE

At 31 August 2016

520,629

At 31 August 2015

626,054

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2016

and 31 August 2015:

2016

2015

£

£

Mr S Gill

Balance outstanding at start of year

-

2,098

Amounts advanced

47,076

-

Amounts repaid

-

(2,098

)

Balance outstanding at end of year

47,076

-