Company Registration No. SC722838 (Scotland)
Aquanzo Ltd
Unaudited accounts
for the year ended 29 February 2024
Aquanzo Ltd
Unaudited accounts
Contents
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
Aquanzo Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
12,505
11,557
Cash at bank and in hand
636,704
942,489
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
Net assets
714,050
1,002,251
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
Aquanzo Ltd
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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.
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 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.
Expenditure on research and development is written off in the year in which it is incurred.
Aquanzo Ltd
Notes to the Accounts
for the year ended 29 February 2024
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
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
At 29 February 2024
11,284
102
1,119
12,505
At 28 February 2023
10,175
136
1,246
11,557
Amounts falling due within one year
Accrued income and prepayments
1,882
1,300
Other debtors
55,836
42,699
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
481
154
7
Average number of employees
During the year the average number of employees was 9 (2023: 5).