REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
30 OCTOBER 2020 TO 31 DECEMBER 2021 |
FOR |
AQUARIUM SOFTWARE LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
30 OCTOBER 2020 TO 31 DECEMBER 2021 |
FOR |
AQUARIUM SOFTWARE LTD |
AQUARIUM SOFTWARE LTD (REGISTERED NUMBER: 05802151) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 30 OCTOBER 2020 TO 31 DECEMBER 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
AQUARIUM SOFTWARE LTD |
COMPANY INFORMATION |
FOR THE PERIOD 30 OCTOBER 2020 TO 31 DECEMBER 2021 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
1 Park Street |
Macclesfield |
Cheshire |
SK11 6SR |
ACCOUNTANTS: |
Chartered Certified Accountants |
Jordangate House |
Jordangate |
Macclesfield |
SK10 1EQ |
AQUARIUM SOFTWARE LTD (REGISTERED NUMBER: 05802151) |
BALANCE SHEET |
31 DECEMBER 2021 |
2021 | 2020 |
(Unaudited) |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Capital redemption reserve |
Retained earnings | ( |
) |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
AQUARIUM SOFTWARE LTD (REGISTERED NUMBER: 05802151) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 30 OCTOBER 2020 TO 31 DECEMBER 2021 |
1. | STATUTORY INFORMATION |
Aquarium Software Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. |
Sale of goods |
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point the customer has signed for the delivery of the goods. |
Rendering of services |
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably. |
Tangible fixed assets |
Leasehold improvements | - |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
AQUARIUM SOFTWARE LTD (REGISTERED NUMBER: 05802151) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 30 OCTOBER 2020 TO 31 DECEMBER 2021 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Income tax expense represents the sum of the tax currently payable and deferred tax. |
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. |
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered, |
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. |
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. |
Foreign currencies |
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates f exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit. |
Pensions |
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
Reporting period |
These accounts cover the 14 months to 31 December 2021, whereas the comparatives, which are not audited, cover a period of 11 months to 29 October 2020. The year end was extended to be coterminous with its US parent company. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
AQUARIUM SOFTWARE LTD (REGISTERED NUMBER: 05802151) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 30 OCTOBER 2020 TO 31 DECEMBER 2021 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Leasehold | Plant and | and | Computer |
improvements | machinery | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 30 October 2020 |
Additions |
At 31 December 2021 |
DEPRECIATION |
At 30 October 2020 |
Charge for period |
At 31 December 2021 |
NET BOOK VALUE |
At 31 December 2021 |
At 29 October 2020 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
Additions |
At 31 December 2021 |
NET BOOK VALUE |
At 31 December 2021 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
(Unaudited) |
£ | £ |
Trade debtors |
Other debtors |
Tax |
Payroll debtors, inc employee loans and salary sacrifice |
553 |
500 |
VAT |
Prepayments and accrued income |
AQUARIUM SOFTWARE LTD (REGISTERED NUMBER: 05802151) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 30 OCTOBER 2020 TO 31 DECEMBER 2021 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
(Unaudited) |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Tax |
Social security and other taxes |
VAT | - | 161,759 |
Other creditors |
Credit cards | - | 3,470 |
Pension creditor | 25,593 | 3,266 |
Accruals and deferred income |
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
9. | RELATED PARTY DISCLOSURES |
Aquarium HR Limited |
A 100% subsidiary. |
Total net sales of £44,927 were charged and net expenses of £773 incurred during the period to Aquarium HR Limited. |
Trupanion Inc |
Ultimate parent and controlling party. |
Total net sales to Trupanion Inc during the period was £5,034,326. A dividend of £6.9 million was paid out to Trupanion Inc during the period. A management charge was incurred of £1,416,795. At the balance sheet date the loan outstanding to Trupanion Inc was £3,628,012. |
10. | ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY |
The company's immediate and ultimate parent undertaking is Trupanion Inc. Trupanion Inc was incorporated in the United States. Copies of the group accounts may be obtained from the secretary, 6100 4th Avenue, South Suite 200, Seattle, WA 98108, United States. The ultimate controlling party is Trupanion Inc who controls 100% of the shares in Aquarium Software Limited. |