Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 12417952 Mr Marc Buckland Mr David Perry iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12417952 2023-01-31 12417952 2024-01-31 12417952 2023-02-01 2024-01-31 12417952 frs-core:CurrentFinancialInstruments 2024-01-31 12417952 frs-core:Non-currentFinancialInstruments 2024-01-31 12417952 frs-core:BetweenOneFiveYears 2024-01-31 12417952 frs-core:MotorVehicles 2024-01-31 12417952 frs-core:MotorVehicles 2023-02-01 2024-01-31 12417952 frs-core:MotorVehicles 2023-01-31 12417952 frs-core:WithinOneYear 2024-01-31 12417952 frs-core:OtherReservesSubtotal 2024-01-31 12417952 frs-core:ShareCapital 2024-01-31 12417952 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 12417952 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12417952 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 12417952 frs-bus:SmallEntities 2023-02-01 2024-01-31 12417952 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12417952 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12417952 frs-bus:Director1 2023-02-01 2024-01-31 12417952 frs-bus:Director2 2023-02-01 2024-01-31 12417952 frs-bus:Director2 2023-01-31 12417952 frs-bus:Director2 2024-01-31 12417952 frs-countries:EnglandWales 2023-02-01 2024-01-31 12417952 2022-01-31 12417952 2023-01-31 12417952 2022-02-01 2023-01-31 12417952 frs-core:CurrentFinancialInstruments 2023-01-31 12417952 frs-core:Non-currentFinancialInstruments 2023-01-31 12417952 frs-core:BetweenOneFiveYears 2023-01-31 12417952 frs-core:WithinOneYear 2023-01-31 12417952 frs-core:OtherReservesSubtotal 2023-01-31 12417952 frs-core:ShareCapital 2023-01-31 12417952 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 12417952
Aquaneo Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
LRK Accounting Limited
IFA (Institute of Financial Accountants)
1 Whitebine Gardens
East Peckham
Tonbridge
TN12 5PA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12417952
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 38,453 26,322
38,453 26,322
CURRENT ASSETS
Debtors 5 91,514 108,489
Cash at bank and in hand 9,400 57,183
100,914 165,672
Creditors: Amounts Falling Due Within One Year 6 (87,684 ) (85,363 )
NET CURRENT ASSETS (LIABILITIES) 13,230 80,309
TOTAL ASSETS LESS CURRENT LIABILITIES 51,683 106,631
Creditors: Amounts Falling Due After More Than One Year 7 (25,712 ) (27,891 )
NET ASSETS 25,971 78,740
CAPITAL AND RESERVES
Called up share capital 9 100 49,000
Other reserves 48,980 -
Profit and Loss Account (23,109 ) 29,740
SHAREHOLDERS' FUNDS 25,971 78,740
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Mr Marc Buckland
Director
Mr David Perry
Director
03/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Aquaneo Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12417952 . The registered office is 1 Whitebine Gardens, East Peckham, Tonbridge, Kent, TN12 5PA.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
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4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 February 2023 48,356
Additions 35,542
Disposals (14,014 )
As at 31 January 2024 69,884
Depreciation
As at 1 February 2023 22,034
Provided during the period 18,230
Disposals (8,833 )
As at 31 January 2024 31,431
Net Book Value
As at 31 January 2024 38,453
As at 1 February 2023 26,322
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 34,423 46,909
Other debtors - 58,115
VAT 15,836 -
Other taxes and social security 41,255 -
Directors' loan accounts - 3,465
91,514 108,489
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,083 4,722
Trade creditors - (811 )
Bank loans and overdrafts 30,678 9,780
Corporation tax 39,996 23,912
Other taxes and social security - 41,213
VAT - 1,049
Net wages 1,096 2,698
Accruals and deferred income 1,750 2,800
Directors' loan accounts 81 -
87,684 85,363
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 25,712 -
Bank loans - 27,891
25,712 27,891
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,083 4,722
Later than one year and not later than five years 25,712 -
39,795 4,722
39,795 4,722
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 49,000
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr David Perry 3,465 - 3,465 - -
The above loan is repaid during the Financial Year.
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