Company registration number 07077892 (England and Wales)
AQUANTIS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
AQUANTIS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
AQUANTIS LTD
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
636
Creditors: amounts falling due within one year
3
(50,671)
(46,505)
Net current liabilities
(50,035)
(46,505)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(50,036)
(46,506)
Total equity
(50,035)
(46,505)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 6 August 2024 and are signed on its behalf by:
J G P DEHLSEN
J G P Dehlsen
Director
Company Registration No. 07077892
AQUANTIS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
Aquantis Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 10 Beechcroft, Humshaugh, Hexam, NE46 4DN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.
1.2
Going concern
Although the company has net current liabilities and negative shareholder funds at the year end the directors continue to believe the going concern basis of accounting appropriate in preparing the annual financial statements.
The main creditor is an inter group loan which will not require repayment until the company has appropriate funds and therefore having considered the company's working capital requirements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
1.3
Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
3
3
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
50,671
46,505
4
Ultimate controlling party
AQUANTIS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
4
Ultimate controlling party
(Continued)
- 3 -
Aquantis Inc owns the share capital of Aquantis Ltd. The company is controlled by the directors JGP Dehlsen and JB Dehlsen.
Aquantis Inc's principal place of business is 101 E. Victoria Street, Suite F, Santa Barbara, CA 93101, USA.