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Company Registration No. SC722838 (Scotland)
Aquanzo Ltd Unaudited accounts for the year ended 29 February 2024
Aquanzo Ltd Unaudited accounts Contents
Page
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Aquanzo Ltd Company Information for the year ended 29 February 2024
Directors
Remi Gratacap Stefanie Lobnig Mark Williams
Company Number
SC722838 (Scotland)
Registered Office
The Roslin Innovation Centre The University Of Edinburgh Easter Bush Campus Roslin EH25 9RG United Kingdom
Accountants
Cadre Advisory Ltd Unit B Off Edge Station Approach Penarth CF64 3EE
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Aquanzo Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,505 
11,557 
Current assets
Debtors
70,188 
48,867 
Cash at bank and in hand
636,704 
942,489 
706,892 
991,356 
Creditors: amounts falling due within one year
(2,971)
(662)
Net current assets
703,921 
990,694 
Total assets less current liabilities
716,426 
1,002,251 
Provisions for liabilities
Deferred tax
(2,376)
- 
Net assets
714,050 
1,002,251 
Capital and reserves
Called up share capital
113 
113 
Share premium
1,100,263 
1,100,263 
Profit and loss account
(386,326)
(98,125)
Shareholders' funds
714,050 
1,002,251 
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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by
Stefanie Lobnig Director Company Registration No. SC722838
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Aquanzo Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Aquanzo Ltd is a private company, limited by shares, registered in Scotland, registration number SC722838. The registered office is The Roslin Innovation Centre, The University Of Edinburgh, Easter Bush Campus, Roslin, EH25 9RG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% RB Basis
Fixtures & fittings
25% RB Basis
Computer equipment
25% RB Basis
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Aquanzo Ltd Notes to the Accounts for the year ended 29 February 2024
Foreign exchange
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
12,040 
142 
1,560 
13,742 
Additions
4,611 
- 
233 
4,844 
At 29 February 2024
16,651 
142 
1,793 
18,586 
Depreciation
At 1 March 2023
1,865 
6 
314 
2,185 
Charge for the year
3,502 
34 
360 
3,896 
At 29 February 2024
5,367 
40 
674 
6,081 
Net book value
At 29 February 2024
11,284 
102 
1,119 
12,505 
At 28 February 2023
10,175 
136 
1,246 
11,557 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
12,470 
4,868 
Accrued income and prepayments
1,882 
1,300 
Other debtors
55,836 
42,699 
70,188 
48,867 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
506 
508 
Other creditors
1,573 
- 
Loans from directors
481 
154 
Accruals
411 
- 
2,971 
662 
7
Average number of employees
During the year the average number of employees was 9 (2023: 5).
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