REGISTERED NUMBER: 03835361 (England and Wales)

Abbreviated Accounts for the Year Ended 31 August 2015

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

48,000

32,000

Tangible assets

3

626,054

564,949

674,054

596,949

CURRENT ASSETS

Stocks

25,715

28,241

Debtors

468,652

627,328

Cash at bank

402,591

357,445

896,958

1,013,014

CREDITORS

Amounts falling due within one year

378,181

559,082

NET CURRENT ASSETS

518,777

453,932

TOTAL ASSETS LESS CURRENT LIABILITIES

1,192,831

1,050,881

CREDITORS

Amounts falling due after more than one year

173,747

111,483

NET ASSETS

1,019,084

939,398

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

1,018,984

939,298

SHAREHOLDERS' FUNDS

1,019,084

939,398

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 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 7 November 2015 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 April 2008).

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 2014

40,000

Additions

30,000

At 31 August 2015

70,000

AMORTISATION

At 1 September 2014

8,000

Amortisation for year

14,000

At 31 August 2015

22,000

NET BOOK VALUE

At 31 August 2015

48,000

At 31 August 2014

32,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

877,633

Additions

395,188

Disposals

(287,097

)

At 31 August 2015

985,724

DEPRECIATION

At 1 September 2014

312,684

Charge for year

144,437

Eliminated on disposal

(97,451

)

At 31 August 2015

359,670

NET BOOK VALUE

At 31 August 2015

626,054

At 31 August 2014

564,949

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

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 2015 and

31 August 2014:

2015

2014

£

£

Mr S Gill

Balance outstanding at start of year

2,098

2,098

Amounts repaid

(2,098

)

-

Balance outstanding at end of year

-

2,098