Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30false2false2022-12-01No description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08657282 2022-12-01 2023-11-30 08657282 2021-12-01 2022-11-30 08657282 2023-11-30 08657282 2022-11-30 08657282 2021-12-01 08657282 c:Director1 2022-12-01 2023-11-30 08657282 d:CurrentFinancialInstruments 2023-11-30 08657282 d:CurrentFinancialInstruments 2022-11-30 08657282 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 08657282 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 08657282 d:ShareCapital 2023-11-30 08657282 d:ShareCapital 2022-11-30 08657282 d:ShareCapital 2021-12-01 08657282 d:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 08657282 d:RetainedEarningsAccumulatedLosses 2023-11-30 08657282 d:RetainedEarningsAccumulatedLosses 2021-12-01 2022-11-30 08657282 d:RetainedEarningsAccumulatedLosses 2022-11-30 08657282 d:RetainedEarningsAccumulatedLosses 2021-12-01 08657282 c:OrdinaryShareClass1 2022-12-01 2023-11-30 08657282 c:OrdinaryShareClass1 2023-11-30 08657282 c:OrdinaryShareClass1 2022-11-30 08657282 c:FRS102 2022-12-01 2023-11-30 08657282 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 08657282 c:FullAccounts 2022-12-01 2023-11-30 08657282 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08657282 2 2022-12-01 2023-11-30 08657282 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08657282









AQGSA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
AQGSA LIMITED
REGISTERED NUMBER: 08657282

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
177,966
57,758

Cash at bank and in hand
 5 
1,892,674
1,742,366

  
2,070,640
1,800,124

Creditors: amounts falling due within one year
 6 
(1,559,632)
(1,449,618)

Net current assets
  
 
 
511,008
 
 
350,506

Total assets less current liabilities
  
511,008
350,506

  

Net assets
  
511,008
350,506


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
511,007
350,505

  
511,008
350,506


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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 August 2024.



R J Allard
Director

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

Page 1

 
AQGSA LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 December 2021
1
149,682
149,683


Comprehensive income for the year

Profit for the year
-
200,823
200,823



At 1 December 2022
1
350,505
350,506


Comprehensive income for the year

Profit for the year
-
160,502
160,502


At 30 November 2023
1
511,007
511,008


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

Page 2

 
AQGSA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

AQGSA Limited is a private company limited by shares and incorporated in England and Wales under registered number 08657282. Its registered office is 2nd Floor, Nucleus House, 2 Lower Mortlake Road, Richmond, TW9 2JA.

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

Company management and the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, being at least the following 12 months from the signing of these financial statements.
As a result, and with the Company continuing to receive the full support of its shareholders, the directors believe that it is still appropriate to apply the going concern basis for the foreseeable future.

 
2.3

Revenue

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.
Turnover derived from ordinary activities is recognised in the profit and loss account on travel departure date and is stated after discounts and net of VAT.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Taxation

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 reporting date in the countries where the Company operates and generates income.

Page 3

 
AQGSA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Financial liabilities
Page 4

 
AQGSA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)


Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
AQGSA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Debtors

2023
2022
£
£


Trade debtors
116,658
40,197

Other debtors
61,308
12,049

Prepayments and accrued income
-
5,512

177,966
57,758



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,892,674
1,742,366

1,892,674
1,742,366



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,117,128
422,243

Corporation tax
48,020
47,282

Accruals and deferred income
394,484
980,093

1,559,632
1,449,618


Included within accruals and deferred income is the sum of £283,180 (2022: £338,978) which relates to deferred revenue for departures from 1 December 2023 onwards.    


7.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



100 (2022 - 1) Ordinary shares of £0.01 (2020: £1.00) each
1
1


Page 6

 
AQGSA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

8.


Related party transactions

Light Blue Travel Limited: Mr R J Allard a director and only shareholder, is also a director and shareholder in this company. Light Blue Travel Limited was paid management and service fees for the services provided during the year amounting to £128,680 (2022: £113,319). Light Blue Travel Limited was also paid for providing marketing support and other recharges amounting to £351,568 (2022: £94,433). As at year end amount due to the related party was £226,821 (2022: £239,371).
Roger Allard Limited: Mr R J Allard a director and only shareholder, is also a director and shareholder in this company. Roger Allard Limited was paid management fees for the services provided during the year amounting to £349,981 (2022: £416,250). As at year end amount due to the related party was £83,250 (2022: £416,250).   


9.


Controlling party

The ultimate controlling party is Mr R J Allard, a director, by virtue of his beneficial ownership of the entire issued share capital in the company.       

 
Page 7