Acorah Software Products - Accounts Production 15.0.600 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05262246 Mr James Walton Dr Edward Walton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05262246 2023-03-31 05262246 2024-03-31 05262246 2023-04-01 2024-03-31 05262246 frs-core:CurrentFinancialInstruments 2024-03-31 05262246 frs-core:ComputerEquipment 2024-03-31 05262246 frs-core:ComputerEquipment 2023-04-01 2024-03-31 05262246 frs-core:ComputerEquipment 2023-03-31 05262246 frs-core:FurnitureFittings 2024-03-31 05262246 frs-core:FurnitureFittings 2023-04-01 2024-03-31 05262246 frs-core:FurnitureFittings 2023-03-31 05262246 frs-core:PlantMachinery 2024-03-31 05262246 frs-core:PlantMachinery 2023-04-01 2024-03-31 05262246 frs-core:PlantMachinery 2023-03-31 05262246 frs-core:SharePremium 2024-03-31 05262246 frs-core:ShareCapital 2024-03-31 05262246 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05262246 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05262246 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05262246 frs-bus:SmallEntities 2023-04-01 2024-03-31 05262246 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05262246 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05262246 frs-bus:Director1 2023-04-01 2024-03-31 05262246 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05262246 frs-countries:EnglandWales 2023-04-01 2024-03-31 05262246 2022-03-31 05262246 2023-03-31 05262246 2022-04-01 2023-03-31 05262246 frs-core:CurrentFinancialInstruments 2023-03-31 05262246 frs-core:SharePremium 2023-03-31 05262246 frs-core:ShareCapital 2023-03-31 05262246 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05262246
Aqua Vita Films Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05262246
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,657 25,357
17,657 25,357
CURRENT ASSETS
Debtors 5 352 272
Cash at bank and in hand 10 10
362 282
Creditors: Amounts Falling Due Within One Year 6 (39,984 ) (50,290 )
NET CURRENT ASSETS (LIABILITIES) (39,622 ) (50,008 )
TOTAL ASSETS LESS CURRENT LIABILITIES (21,965 ) (24,651 )
NET LIABILITIES (21,965 ) (24,651 )
CAPITAL AND RESERVES
Called up share capital 7 95 95
Share premium account 26,243 26,243
Profit and Loss Account (48,303 ) (50,989 )
SHAREHOLDERS' FUNDS (21,965) (24,651)
Page 1
Page 2
For the year ending 31 March 2024 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 his 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 James Walton
Director
17/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Aqua Vita Films Ltd Registered number 05262246 is a limited by shares company incorporated in England & Wales. The Registered Office is 17 Edwin Jones Way, Lydney, Gloucestershire, GL15 5FL.
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. Going Concern Disclosure
These accounts have been prepared on a going concern basis. The validity of this assumption depends on the continued support of the company's bankers and shareholders. No adjustments have been made that would arise should this cooperation cease.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Plant & Machinery 25% reducing balance & 33.3% straight line
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 118,745 633 31,753 151,131
Disposals (4,680 ) - - (4,680 )
As at 31 March 2024 114,065 633 31,753 146,451
Depreciation
As at 1 April 2023 97,294 586 27,894 125,774
Provided during the period 4,909 11 962 5,882
Disposals (2,862 ) - - (2,862 )
As at 31 March 2024 99,341 597 28,856 128,794
Net Book Value
As at 31 March 2024 14,724 36 2,897 17,657
As at 1 April 2023 21,451 47 3,859 25,357
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 213 272
Other debtors 139 -
352 272
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 94 835
Bank loans and overdrafts 14,618 19,341
VAT 633 722
Other creditors - 309
Accruals and deferred income 1,171 1,168
Director's loan account 23,468 27,915
39,984 50,290
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 95 95
Page 4