Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01false1111truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03519399 2022-07-01 2023-06-30 03519399 2021-07-01 2022-06-30 03519399 2023-06-30 03519399 2022-06-30 03519399 c:Director1 2022-07-01 2023-06-30 03519399 d:Buildings 2022-07-01 2023-06-30 03519399 d:Buildings 2023-06-30 03519399 d:Buildings 2022-06-30 03519399 d:Buildings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 03519399 d:PlantMachinery 2022-07-01 2023-06-30 03519399 d:PlantMachinery 2023-06-30 03519399 d:PlantMachinery 2022-06-30 03519399 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 03519399 d:FurnitureFittings 2022-07-01 2023-06-30 03519399 d:FurnitureFittings 2023-06-30 03519399 d:FurnitureFittings 2022-06-30 03519399 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 03519399 d:OfficeEquipment 2022-07-01 2023-06-30 03519399 d:OfficeEquipment 2023-06-30 03519399 d:OfficeEquipment 2022-06-30 03519399 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 03519399 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 03519399 d:PatentsTrademarksLicencesConcessionsSimilar 2022-07-01 2023-06-30 03519399 d:PatentsTrademarksLicencesConcessionsSimilar 2023-06-30 03519399 d:PatentsTrademarksLicencesConcessionsSimilar 2022-06-30 03519399 d:CurrentFinancialInstruments 2023-06-30 03519399 d:CurrentFinancialInstruments 2022-06-30 03519399 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 03519399 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 03519399 d:ShareCapital 2023-06-30 03519399 d:ShareCapital 2022-06-30 03519399 d:RetainedEarningsAccumulatedLosses 2023-06-30 03519399 d:RetainedEarningsAccumulatedLosses 2022-06-30 03519399 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 03519399 d:AcceleratedTaxDepreciationDeferredTax 2022-06-30 03519399 c:OrdinaryShareClass1 2022-07-01 2023-06-30 03519399 c:OrdinaryShareClass1 2023-06-30 03519399 c:OrdinaryShareClass1 2022-06-30 03519399 c:FRS102 2022-07-01 2023-06-30 03519399 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 03519399 c:FullAccounts 2022-07-01 2023-06-30 03519399 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03519399









AQUASOLVE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
AQUASOLVE LIMITED
REGISTERED NUMBER: 03519399

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 5 
312,831
347,559

CURRENT ASSETS
  

Stocks
  
175,415
138,522

Debtors: amounts falling due within one year
 6 
182,551
123,352

Cash at bank and in hand
  
383,157
448,510

  
741,123
710,384

Creditors: amounts falling due within one year
 7 
(121,184)
(125,044)

NET CURRENT ASSETS
  
 
 
619,939
 
 
585,340

TOTAL ASSETS LESS CURRENT LIABILITIES
  
932,770
932,899

PROVISIONS FOR LIABILITIES
  

Deferred tax
 8 
(40,405)
(45,383)

NET ASSETS
  
892,365
887,516


CAPITAL AND RESERVES
  

Called up share capital 
 9 
1,000
1,000

Profit and loss account
  
891,365
886,516

  
892,365
887,516


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
AQUASOLVE LIMITED
REGISTERED NUMBER: 03519399
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





A J Upton
Director

Date: 1 February 2024

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
AQUASOLVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


GENERAL INFORMATION

Aquasolve Limited is a private company limited by shares and incorporated in England and Wales. The registered office is located at Salisbury House, Station Road, Cambridge, CB1 2LA and the trading address is Unit 5, Saffron Business Centre, Elizabeth Close, Saffron Walden, Essex, CB10 2NL.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company's functional and presentational currency is GBP and the figures are rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Revenue from the sale of goods is recognised once the goods have been despatched and the risks
and rewards of ownership have been tranferred to the customer.
Revenue from the supply of services is recognised once the service has been provided and reported
to the customer.

 
2.3

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
AQUASOLVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

CURRENT AND DEFERRED TAXATION

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Patents
-
5%
straight line

 
2.6

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
AQUASOLVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.ACCOUNTING POLICIES (CONTINUED)


2.6
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.

Depreciation is provided on the following basis:

Freehold property
-
4% straight line
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

STOCKS

Stocks are stated at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

 
2.8

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
AQUASOLVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 11 (2022 - 11).


4.


INTANGIBLE ASSETS




Patents

£



COST


At 1 July 2022
780



At 30 June 2023

780



AMORTISATION


At 1 July 2022
780



At 30 June 2023

780



NET BOOK VALUE



At 30 June 2023
-



At 30 June 2022
-



Page 6

 
AQUASOLVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


TANGIBLE FIXED ASSETS





Freehold property
Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



COST OR VALUATION


At 1 July 2022
301,231
577,465
54,609
51,340
984,645


Additions
-
20,267
-
4,591
24,858


Disposals
-
(117,236)
(2,884)
(6,088)
(126,208)



At 30 June 2023

301,231
480,496
51,725
49,843
883,295



DEPRECIATION


At 1 July 2022
123,057
426,234
50,537
37,258
637,086


Charge for the year on owned assets
8,450
38,228
976
4,056
51,710


Disposals
-
(110,218)
(2,704)
(5,410)
(118,332)



At 30 June 2023

131,507
354,244
48,809
35,904
570,464



NET BOOK VALUE



At 30 June 2023
169,724
126,252
2,916
13,939
312,831



At 30 June 2022
178,174
151,231
4,072
14,082
347,559


6.


DEBTORS

2023
2022
£
£


Trade debtors
146,022
103,029

Other debtors
1,000
43

Prepayments and accrued income
35,529
20,280

182,551
123,352


Page 7

 
AQUASOLVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
22,466
14,218

Amounts owed to group undertakings
2,084
1,662

Other taxation and social security
90,304
100,796

Other creditors
1,056
1,039

Accruals and deferred income
5,274
7,329

121,184
125,044





8.


DEFERRED TAXATION




2023


£






At beginning of year
45,383


Charged to profit or loss
(4,978)



AT END OF YEAR
40,405

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
40,405
45,383


9.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000


 
Page 8