Caseware UK (AP4) 2023.0.135 2023.0.135 UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR2023-07-312023-07-31truefalse2022-08-01No description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC669267 2022-08-01 2023-07-31 SC669267 2021-08-01 2022-07-31 SC669267 2023-07-31 SC669267 2022-07-31 SC669267 1 2022-08-01 2023-07-31 SC669267 d:Director1 2022-08-01 2023-07-31 SC669267 c:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-31 SC669267 c:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-07-31 SC669267 c:CurrentFinancialInstruments 2023-07-31 SC669267 c:CurrentFinancialInstruments 2022-07-31 SC669267 c:CurrentFinancialInstruments c:WithinOneYear 2023-07-31 SC669267 c:CurrentFinancialInstruments c:WithinOneYear 2022-07-31 SC669267 c:ShareCapital 2023-07-31 SC669267 c:ShareCapital 2022-07-31 SC669267 c:SharePremium 2022-08-01 2023-07-31 SC669267 c:SharePremium 2023-07-31 SC669267 c:SharePremium 2022-07-31 SC669267 c:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 SC669267 c:RetainedEarningsAccumulatedLosses 2023-07-31 SC669267 c:RetainedEarningsAccumulatedLosses 2022-07-31 SC669267 d:OrdinaryShareClass1 2022-08-01 2023-07-31 SC669267 d:OrdinaryShareClass1 2023-07-31 SC669267 d:OrdinaryShareClass1 2022-07-31 SC669267 d:FRS102 2022-08-01 2023-07-31 SC669267 d:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 SC669267 d:FullAccounts 2022-08-01 2023-07-31 SC669267 d:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 SC669267 c:DevelopmentCostsCapitalisedDevelopmentExpenditure c:ExternallyAcquiredIntangibleAssets 2022-08-01 2023-07-31 SC669267 e:PoundSterling 2022-08-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: SC669267









AQUILA INTELLIGENCE SOLUTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
AQUILA INTELLIGENCE SOLUTIONS LIMITED
REGISTERED NUMBER: SC669267

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
24,237
5,836

  
24,237
5,836

Current assets
  

Debtors: amounts falling due within one year
 5 
647
409

Cash at bank and in hand
 6 
3
42

  
650
451

Creditors: amounts falling due within one year
 7 
(23,914)
(7,656)

Net current liabilities
  
 
 
(23,264)
 
 
(7,205)

Total assets less current liabilities
  
973
(1,369)

  

Net assets/(liabilities)
  
973
(1,369)


Capital and reserves
  

Called up share capital 
 8 
1,000
100

Share premium
 9 
9,982
-

Profit and loss account
 9 
(10,009)
(1,469)

  
973
(1,369)


The Directors consider 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 Directors acknowledge their 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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
Page 1

 
AQUILA INTELLIGENCE SOLUTIONS LIMITED
REGISTERED NUMBER: SC669267
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

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


L K S Patterson
Director

Date: 30 July 2024

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
AQUILA INTELLIGENCE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Aquila Intelligence Solutions Limited is a private company limited by shares incorporated in Scotland, registered number SC669267. The registered office is C/O Altia Solutions Limited Tay House, 300 Bath Street, Glasgow, Scotland, G2 4JR.
The financial statements are presented in pound sterling which is the functional currency of the company. Monetary amounts are rounded to the nearest £. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

As at the balance sheet date, the company had net current liabilities of £23,264. This was predominantly due to shareholders loans and the director’s loan account balance. The director and shareholders have confirmed that the balances will not be recalled until the company has sufficient funds to repay. On that basis, these financial statements have been prepared on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
AQUILA INTELLIGENCE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

  
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022: 1).

Page 4

 
AQUILA INTELLIGENCE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Intangible assets




Development costs

£



Cost


At 1 August 2022
5,836


Additions
18,401



At 31 July 2023

24,237






Net book value



At 31 July 2023
24,237



At 31 July 2022
5,836




5.


Debtors

2023
2022
£
£


Other debtors
272
34

Called up share capital not paid
375
375



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
3
42


Page 5

 
AQUILA INTELLIGENCE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
4,197
-

Other creditors
17,417
6,457

Accruals and deferred income
2,300
1,199

23,914
7,656



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 100) Ordinary shares of £1.00 each
1,000
100

On 16 January 2023, 882 ordinary shares were issued with a nominal value of £1 per share. The amount paid per share was £1.  
On 24 January 2023, 18 ordinary shares were issued with a nominal value of £1 per share. The amount paid per share was £555.55.


9.


Reserves

Share premium account

This reserve records the excess paid for shares above their nominal value. 

Profit and loss account

Profit and loss account represents reserves that have been accumulated through the normal course of trade.


10.


Related party transactions

Included in other creditors at 31 July 2023 is amounts owed by the Company to Mr T Mcghee, a director, of £12,154 (2022 - £6,082). These amounts hold no fixed repayment terms or interest charges and are therefore deemed to be repayable of demand.


11.


Post balance sheet events

On 20 October 2023, 100% of the company's share capital was acquired by Clover Bidco Limited. 

Page 6

 
AQUILA INTELLIGENCE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

12.


Controlling party

As at 31 July 2023, the Directors were of the opinion that there was no controlling party. 
On 20 October 2023, Clover Bidco Limited, a company registered in England and Wales, acquired 100% of the share capital in the Company. 
From 20 October 2023, the ultimate controlling party is Northedge Capital LLP. The registered office of Northedge Captial LLP is 13th Floor, Number One Spinningfields, 1 Hardman Square, Manchester, England, M3 3EB.

 
Page 7