REGISTERED NUMBER: 06970269 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

A & J Aquajet Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr L H Griffiths

REGISTERED OFFICE:

170 Pooltown Road

Ellesmere Port

Cheshire

CH65 7BY

REGISTERED NUMBER:

06970269 (England and Wales)

ACCOUNTANTS:

Johnstone Howell & Co

104 Whitby Road

Ellesmere Port

Cheshire

CH65 0AB

FIXED ASSETS

Property, plant and equipment

4

64,389

63,046

CURRENT ASSETS

Debtors

5

148,134

201,918

Cash at bank and in hand

40,549

22,597

188,683

224,515

CREDITORS

Amounts falling due within one year

6

134,153

178,499

NET CURRENT ASSETS

54,530

46,016

TOTAL ASSETS LESS CURRENT LIABILITIES

118,919

109,062

CREDITORS

Amounts falling due after more than one year

7

(1,905

)

(6,478

)

PROVISIONS FOR LIABILITIES

8

(12,233

)

(12,609

)

NET ASSETS

104,781

89,975

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

104,780

89,974

SHAREHOLDERS' FUNDS

104,781

89,975

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 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 director on 6 November 2018 and were signed by:

Mr L H Griffiths - Director

1.	STATUTORY INFORMATION

A & J Aquajet 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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost and 15% on cost

Computer equipment

-

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 9 (2017 - 9 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2017

20,445

3,333

110,440

650

134,868

Additions

898

-

24,233

-

25,131

At 31 March 2018

21,343

3,333

134,673

650

159,999

DEPRECIATION

At 1 April 2017

13,492

407

57,554

369

71,822

Charge for year

3,735

667

19,270

116

23,788

At 31 March 2018

17,227

1,074

76,824

485

95,610

NET BOOK VALUE

At 31 March 2018

4,116

2,259

57,849

165

64,389

At 31 March 2017

6,953

2,926

52,886

281

63,046

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

139,127

191,892

Other debtors

9,007

10,026

148,134

201,918

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Hire purchase contracts

4,573

4,573

Trade creditors

29,781

52,510

Taxation and social security

47,887

49,696

Other creditors

51,912

71,720

134,153

178,499

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

1,905

6,478

8.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

12,233

12,609

Deferred

tax

£

Balance at 1 April 2017

12,609

Credit to Income Statement during year

(376

)

Balance at 31 March 2018

12,233

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

1

Ordinary Shares

£1

1

1

10.

RESERVES

Retained

earnings

£

At 1 April 2017

89,974

Profit for the year

19,806

Dividends

(5,000

)

At 31 March 2018

104,780

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr L H Griffiths.