Acorah Software Products - Accounts Production 16.0.110 false true false 28 February 2023 29 February 2024 29 February 2024 14693503 J Wright J Wright true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14693503 2023-02-27 14693503 2024-02-29 14693503 2023-02-28 2024-02-29 14693503 frs-core:CurrentFinancialInstruments 2024-02-29 14693503 frs-core:Non-currentFinancialInstruments 2024-02-29 14693503 frs-core:ShareCapital 2024-02-29 14693503 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 14693503 frs-bus:PrivateLimitedCompanyLtd 2023-02-28 2024-02-29 14693503 frs-bus:FilletedAccounts 2023-02-28 2024-02-29 14693503 frs-bus:SmallEntities 2023-02-28 2024-02-29 14693503 frs-bus:AuditExempt-NoAccountantsReport 2023-02-28 2024-02-29 14693503 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-28 2024-02-29 14693503 frs-bus:OrdinaryShareClass2 2023-02-28 2024-02-29 14693503 frs-bus:OrdinaryShareClass2 2024-02-29 14693503 frs-bus:OrdinaryShareClass3 2023-02-28 2024-02-29 14693503 frs-bus:OrdinaryShareClass3 2024-02-29 14693503 frs-bus:OrdinaryShareClass4 2023-02-28 2024-02-29 14693503 frs-bus:OrdinaryShareClass4 2024-02-29 14693503 frs-bus:OrdinaryShareClass5 2023-02-28 2024-02-29 14693503 frs-bus:OrdinaryShareClass5 2024-02-29 14693503 1 2023-02-28 2024-02-29 14693503 frs-core:UnlistedNon-exchangeTraded 2024-02-29 14693503 frs-core:UnlistedNon-exchangeTraded 2023-02-27 14693503 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-02-27 14693503 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-29 14693503 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-02-29 14693503 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-02-27 14693503 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-29 14693503 frs-bus:Director1 2023-02-28 2024-02-29 14693503 frs-countries:EnglandWales 2023-02-28 2024-02-29
Registered number: 14693503
Aquillo Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14693503
2024
Notes £ £
FIXED ASSETS
Investments 4 555,000
555,000
CURRENT ASSETS
Debtors 5 10,000
Cash at bank and in hand 2,031
12,031
Creditors: Amounts Falling Due Within One Year 6 (2,709 )
NET CURRENT ASSETS (LIABILITIES) 9,322
TOTAL ASSETS LESS CURRENT LIABILITIES 564,322
Creditors: Amounts Falling Due After More Than One Year 7 (601,417 )
NET LIABILITIES (37,095 )
CAPITAL AND RESERVES
Called up share capital 8 100
Profit and Loss Account (37,195 )
SHAREHOLDERS' FUNDS (37,095)
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For the year ending 29 February 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
J Wright
Director
27th November 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Aquillo Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14693503 . The registered office is Unit 8 Wheatcroft Business Park Landmere Lane, Edwalton, Nottingham, NG12 4DG.
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. 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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1
1
4. Investments
Unlisted
£
Cost
As at 28 February 2023 -
Additions 555,000
As at 29 February 2024 555,000
Provision
As at 28 February 2023 -
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 555,000
As at 28 February 2023 -
During the year the company purchased shares in Nucleus Larning Limited.
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5. Debtors
2024
£
Due within one year
Other debtors 10,000
10,000
6. Creditors: Amounts Falling Due Within One Year
2024
£
Other creditors 2,709
2,709
7. Creditors: Amounts Falling Due After More Than One Year
2024
£
Other creditors 601,417
601,417
8. Share Capital
2024
Allotted, called up and fully paid £
80 Ordinary A shares of £ 1.00 each 80
5 Ordinary B shares of £ 1.00 each 5
5 Ordinary C shares of £ 1.00 each 5
5 Ordinary D shares of £ 1.00 each 5
5 Ordinary E shares of £ 1.00 each 5
100
During the year the company issued 100 £1 Ordinary shares at par value.
9. Related Party Transactions
During the year the director made a loan to the company of £601,417.This amount was owed to the director at the year end.
10. Ultimate Controlling Party
The company's ultimate controlling party is J Wright by virtue of his ownership of the issued share capital in the company.
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