Registered number
09028879
AQUA INTERPRETING SOLUTIONS LTD
Filleted Accounts
31 March 2024
AQUA INTERPRETING SOLUTIONS LTD
Registered number: 09028879
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 16,193 12,844
Investments 4 125,000 125,000
141,193 137,844
Current assets
Cash at bank and in hand 1,008,379 481,976
Creditors: amounts falling due within one year 5 (278,829) (162,375)
Net current assets 729,550 319,601
Total assets less current liabilities 870,743 457,445
Creditors: amounts falling due after more than one year 6 (26,698) (17,198)
Net assets 844,045 440,247
Capital and reserves
Called up share capital 100 100
Profit and loss account 843,945 440,147
Shareholders' funds 844,045 440,247
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
SHAHID MAHMOOD BUTT
Director
Approved by the board on 15 May 2024
AQUA INTERPRETING SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 10 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 14
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 17,433
Additions 5,658
At 31 March 2024 23,091
Depreciation
At 1 April 2023 4,589
Charge for the year 2,309
At 31 March 2024 6,898
Net book value
At 31 March 2024 16,193
At 31 March 2023 12,844
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2023 125,000
At 31 March 2024 125,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 4,308
Taxation and social security costs 170,113 70,412
Other creditors 108,716 87,655
278,829 162,375
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 26,698 17,198
7 Controlling party
The company is under the full control of the directors by virtue of them owning the fully issued share capital.
8 Other information
AQUA INTERPRETING SOLUTIONS LTD is a private company limited by shares and incorporated in England. Its registered office is:
UNIT 8
BATLEY BUSINESS PARK
TECHNOLOGY DRIVE
BATLEY
WF17 6ER
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