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Registered number: 10720939
Aquela Global Trading & Marketing Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Ascentant Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10720939
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,512 -
Investments 5 36,750 49,000
60,262 49,000
CURRENT ASSETS
Cash at bank and in hand 1,656 41,175
1,656 41,175
Creditors: Amounts Falling Due Within One Year 7 (12,097 ) (39,013 )
NET CURRENT ASSETS (LIABILITIES) (10,441 ) 2,162
TOTAL ASSETS LESS CURRENT LIABILITIES 49,821 51,162
Creditors: Amounts Falling Due After More Than One Year 8 (964,017 ) (952,062 )
NET LIABILITIES (914,196 ) (900,900 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (914,296 ) (901,000 )
SHAREHOLDERS' FUNDS (914,196) (900,900)
Page 1
Page 2
For the year ending 30 April 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 Amer Al Quran
Director
07/01/2025
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
Aquela Global Trading & Marketing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10720939 . The registered office is Office 01 Ealing House, 33 Hanger Lane, London, W5 3HJ.
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:
Fixtures & Fittings 20% Straight Line
Computer Equipment 33% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 5 2
5 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 5,158 3,591 8,749
Additions 29,390 - 29,390
As at 30 April 2024 34,548 3,591 38,139
Depreciation
As at 1 May 2023 5,158 3,591 8,749
Provided during the period 5,878 - 5,878
As at 30 April 2024 11,036 3,591 14,627
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 April 2024 23,512 - 23,512
As at 1 May 2023 - - -
5. Investments
Other
£
Cost
As at 1 May 2023 98,000
As at 30 April 2024 98,000
Provision
As at 1 May 2023 49,000
Added in period 12,250
As at 30 April 2024 61,250
Net Book Value
As at 30 April 2024 36,750
As at 1 May 2023 49,000
6. Debtors
2024 2023
£ £
Due within one year
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 10,013 10,013
Other taxes and social security 1,134 -
Accruals and deferred income 950 950
Director's loan account - 28,050
12,097 39,013
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 14,036 22,771
Other loans 213,900 213,900
Directors loan account 736,081 715,391
964,017 952,062
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4