Aqua Scientia LTD 11892686 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is other engineering activities Digita Accounts Production Advanced 6.30.9574.0 true true 11892686 2022-04-01 2023-03-31 11892686 2023-03-31 11892686 bus:OrdinaryShareClass1 2023-03-31 11892686 core:CurrentFinancialInstruments 2023-03-31 11892686 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11892686 core:FurnitureFittingsToolsEquipment 2023-03-31 11892686 bus:SmallEntities 2022-04-01 2023-03-31 11892686 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11892686 bus:FullAccounts 2022-04-01 2023-03-31 11892686 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 11892686 bus:RegisteredOffice 2022-04-01 2023-03-31 11892686 bus:Director1 2022-04-01 2023-03-31 11892686 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 11892686 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11892686 core:ComputerEquipment 2022-04-01 2023-03-31 11892686 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 11892686 countries:UnitedKingdom 2022-04-01 2023-03-31 11892686 2022-03-31 11892686 core:FurnitureFittingsToolsEquipment 2022-03-31 11892686 2021-04-01 2022-03-31 11892686 2022-03-31 11892686 bus:OrdinaryShareClass1 2022-03-31 11892686 core:CurrentFinancialInstruments 2022-03-31 11892686 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 11892686 core:FurnitureFittingsToolsEquipment 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11892686

Aqua Scientia LTD

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Aqua Scientia LTD

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Aqua Scientia LTD

Company Information

Director

Robert Gandy

Registered office

62 Dunmow Road
Warrington
Cheshire
WA4 2HJ

Accountants

Winton Bath Group Limited
Chartered Accountants
First Floor
6 Ferranti Court
Staffordshire Technology Park
Stafford
Staffordshire
ST18 0LQ

 

Aqua Scientia LTD

(Registration number: 11892686)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fiixed assets

 

Tangible assets

4

590

737

Current assets

 

Debtors

5

871

3,320

Cash at bank and in hand

 

9,590

15,236

 

10,461

18,556

Creditors: Amounts falling due within one year

6

(5,220)

(11,897)

Net current assets

 

5,241

6,659

Total assets less current liabilities

 

5,831

7,396

Provisions for liabilities

(112)

(140)

Net assets

 

5,719

7,256

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

5,619

7,156

Shareholders' funds

 

5,719

7,256

For the financial year ending 31 March 2023 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 May 2023
 

.........................................
Robert Gandy
Director

 

Aqua Scientia LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
62 Dunmow Road
Warrington
Cheshire
WA4 2HJ

These financial statements were authorised for issue by the director on 18 May 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Aqua Scientia LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

20% reduced balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. The share capital shown on the balance sheet is allotted, called up and fully paid.

 

Aqua Scientia LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Aqua Scientia LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

1,207

1,207

At 31 March 2023

1,207

1,207

Depreciation

At 1 April 2022

470

470

Charge for the year

147

147

At 31 March 2023

617

617

Carrying amount

At 31 March 2023

590

590

At 31 March 2022

737

737

5

Debtors

Current

2023
£

2022
£

Trade debtors

-

3,000

Prepayments

871

320

 

871

3,320

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

4,005

11,882

Other creditors

1,215

15

5,220

11,897

 

Aqua Scientia LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary share of £1 each

100

100

100

100