Company Registration No. 08952602 (England and Wales)
AQUARIUS INTERIORS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
AQUARIUS INTERIORS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
AQUARIUS INTERIORS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
18,295
5,088
Current assets
Stocks
1,000
1,000
Debtors
22,046
3,942
Cash at bank and in hand
68,031
34,716
91,077
39,658
Creditors: amounts falling due within one year
(74,632)
(39,685)
Net current assets/(liabilities)
16,445
(27)
Total assets less current liabilities
34,740
5,061
Provisions for liabilities
(3,051)
(352)
31,689
4,709
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
31,687
4,707
Shareholders' funds
31,689
4,709
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 5 December 2016
Mr W K Offer
Director
Company Registration No. 08952602
AQUARIUS INTERIORS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
25% Straight Line
Plant and machinery
25% Straight Line
Computer equipment
25% Straight Line
Motor vehicles
20% Reducing Balance
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
6,785
Additions
18,197
At 31 March 2016
24,982
Depreciation
At 1 April 2015
1,697
Charge for the year
4,990
At 31 March 2016
6,687
Net book value
At 31 March 2016
18,295
At 31 March 2015
5,088
AQUARIUS INTERIORS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary Class A of £1 each
2
2