Abbreviated Company Accounts - AQUESTEX LIMITED

05653360 AQUESTEX LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 05653360 2014-01-01 2014-12-31 05653360 2014-12-31 05653360 2013-12-31 05653360 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 05653360 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-12-31 iso4217:GBP shares

Registered Number 05653360

AQUESTEX LIMITED

Abbreviated Accounts

31 December 2014

AQUESTEX LIMITED Registered Number 05653360

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	645,996	646,158
		645,996	646,158
Current assets
Debtors		21,712	26,655
Cash at bank and in hand		5,486	22,704
		27,198	49,359
Creditors: amounts falling due within one year	3	(43,646)	(13,466)
Net current assets (liabilities)		(16,448)	35,893
Total assets less current liabilities		629,548	682,051
Creditors: amounts falling due after more than one year	3	(504,406)	(504,435)
Total net assets (liabilities)		125,142	177,616
Capital and reserves
Called up share capital	4	110	110
Profit and loss account		125,032	177,506
Shareholders' funds		125,142	177,616

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 August 2015

And signed on their behalf by:
Rolf Fyne, Director

AQUESTEX LIMITED Registered Number 05653360

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008.)

Tangible assets depreciation policy
Tangible fixed assets, other than freehold land, are stated at cost less any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:-
Computer equipment 25% Straight line
Fixtures and fittings 25 % straight line
No depreciation is provided on the company's freehold properties. These properties are held for investment purposes and the directors undertake an annual impairment review of these properties. In the opinion of the directors the expected useful lives of these properties are sufficiently long and the estimated residual values are sufficiently high that no depreciation charge arises.

Other accounting policies
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders prior to the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 January 2014	655,841
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	655,841
Depreciation
At 1 January 2014	9,683
Charge for the year	162
On disposals	-
At 31 December 2014	9,845
Net book values
At 31 December 2014	645,996
At 31 December 2013	646,158

3Creditors

	2014 £	2013 £
Secured Debts	504,406	504,435
Non-instalment debts due after 5 years	504,406	504,435

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100
10 A Ordinary shares of £1 each	10	10