Acorah Software Products - Accounts Production 15.0.500 false true 30 June 2023 1 July 2022 false 1 July 2023 31 December 2023 31 December 2023 09927360 Mrs Ourania Siorenta Aqurance A.E. 62 Kifissias Avenue, Polis Center, Amarousio Attikis, Greece, 15125 true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09927360 2023-06-30 09927360 2023-12-31 09927360 2023-07-01 2023-12-31 09927360 frs-core:CurrentFinancialInstruments 2023-12-31 09927360 frs-core:ShareCapital 2023-12-31 09927360 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09927360 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2023-12-31 09927360 frs-bus:FilletedAccounts 2023-07-01 2023-12-31 09927360 frs-bus:SmallEntities 2023-07-01 2023-12-31 09927360 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2023-12-31 09927360 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2023-12-31 09927360 1 2023-07-01 2023-12-31 09927360 frs-bus:Director1 2023-07-01 2023-12-31 09927360 frs-countries:EnglandWales 2023-07-01 2023-12-31 09927360 2022-06-30 09927360 2023-06-30 09927360 2022-07-01 2023-06-30 09927360 frs-core:CurrentFinancialInstruments 2023-06-30 09927360 frs-core:ShareCapital 2023-06-30 09927360 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 09927360
Aqurance Ltd
Unaudited Financial Statements
For the Period 1 July 2023 to 31 December 2023
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09927360
31 December 2023 30 June 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 30,220 23,099
Cash at bank and in hand 96,358 155,184
126,578 178,283
Creditors: Amounts Falling Due Within One Year 5 (24,957 ) (36,906 )
NET CURRENT ASSETS (LIABILITIES) 101,621 141,377
TOTAL ASSETS LESS CURRENT LIABILITIES 101,621 141,377
NET ASSETS 101,621 141,377
CAPITAL AND RESERVES
Called up share capital 6 460 460
Profit and Loss Account 101,161 140,917
SHAREHOLDERS' FUNDS 101,621 141,377
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Ourania Siorenta
Director
12/07/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Aqurance Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09927360 . The registered office is Bentinck House, 3-8 Bolsover Street, Fitzrovia, London, W1W 6AB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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.
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.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of 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.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Current 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 1)
2 1
4. Debtors
31 December 2023 30 June 2023
£ £
Due within one year
Trade debtors 29,973 21,344
Other debtors 247 1,755
30,220 23,099
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
31 December 2023 30 June 2023
£ £
Trade creditors 282 246
Other creditors 2,697 4,140
Taxation and social security 21,978 32,520
24,957 36,906
6. Share Capital
31 December 2023 30 June 2023
£ £
Allotted, Called up and fully paid 460 460
7. Ultimate Parent Undertaking and Controlling Party
In December 2023, 100% of the shares in Aqurance Ltd were transferred from Dionysios Nikolopoulos, Sotirios Vlastaris, Georgios Georgopoulos, Panagiotis Kalampokis and Christina Emmanouil to Aqurance A.E. . As a result, the company's immediate and ultimate parent undertaking is Aqurance A.E. . Aqurance A.E. was incorporated in Greece. Copies of the financial statements may be obtained from Aqurance A.E., whose registered offices are at 62 Kifissias Avenue, Polis Center, Amarousio Attikis, Greece, 15125 . The ultimate controlling party is Aqurance A.E. who controls 100% of the shares of Aqurance Ltd .
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