Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 September 2023 false 1 January 2024 31 December 2024 31 December 2024 13021977 Mr Michael Tinmouth Mr Neil Tinmouth Ms Marta Ewa Krupinska Mr Michael Shepherd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13021977 2023-12-31 13021977 2024-12-31 13021977 2024-01-01 2024-12-31 13021977 frs-core:CurrentFinancialInstruments 2024-12-31 13021977 frs-core:Non-currentFinancialInstruments 2024-12-31 13021977 frs-core:ComputerEquipment 2024-12-31 13021977 frs-core:ComputerEquipment 2024-01-01 2024-12-31 13021977 frs-core:ComputerEquipment 2023-12-31 13021977 frs-core:FurnitureFittings 2024-12-31 13021977 frs-core:FurnitureFittings 2024-01-01 2024-12-31 13021977 frs-core:FurnitureFittings 2023-12-31 13021977 frs-core:MotorVehicles 2024-12-31 13021977 frs-core:MotorVehicles 2024-01-01 2024-12-31 13021977 frs-core:MotorVehicles 2023-12-31 13021977 frs-core:PlantMachinery 2024-12-31 13021977 frs-core:PlantMachinery 2024-01-01 2024-12-31 13021977 frs-core:PlantMachinery 2023-12-31 13021977 frs-core:CapitalRedemptionReserve 2024-12-31 13021977 frs-core:SharePremium 2024-12-31 13021977 frs-core:ShareCapital 2024-12-31 13021977 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13021977 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13021977 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13021977 frs-bus:SmallEntities 2024-01-01 2024-12-31 13021977 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13021977 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13021977 frs-bus:Director1 2024-01-01 2024-12-31 13021977 frs-bus:Director2 2024-01-01 2024-12-31 13021977 frs-bus:Director3 2024-01-01 2024-12-31 13021977 frs-bus:Director4 2024-01-01 2024-12-31 13021977 frs-countries:EnglandWales 2024-01-01 2024-12-31 13021977 2023-08-31 13021977 2023-12-31 13021977 2023-09-01 2023-12-31 13021977 frs-core:CurrentFinancialInstruments 2023-12-31 13021977 frs-core:Non-currentFinancialInstruments 2023-12-31 13021977 frs-core:CapitalRedemptionReserve 2023-12-31 13021977 frs-core:SharePremium 2023-12-31 13021977 frs-core:ShareCapital 2023-12-31 13021977 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13021977
Acua Ocean Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Acconomy VFD Limited
Chartered Certified Accountants
Bayside Business Centre
Sovereign Business Park
Poole
Dorset
BH15 3TB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13021977
31 December 2024 31 December 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,296,871 552,138
2,296,871 552,138
CURRENT ASSETS
Debtors 5 146,355 177,729
Cash at bank and in hand 41,450 223,179
187,805 400,908
Creditors: Amounts Falling Due Within One Year 6 (1,114,572 ) (183,901 )
NET CURRENT ASSETS (LIABILITIES) (926,767 ) 217,007
TOTAL ASSETS LESS CURRENT LIABILITIES 1,370,104 769,145
Creditors: Amounts Falling Due After More Than One Year 7 (19,178 ) (19,178 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (287,193 ) -
NET ASSETS 1,063,733 749,967
CAPITAL AND RESERVES
Called up share capital 8 7 6
Share premium account 1,632,957 1,129,091
Capital redemption reserve (1 ) (1 )
Profit and Loss Account (569,230 ) (379,129 )
SHAREHOLDERS' FUNDS 1,063,733 749,967
Page 1
Page 2
For the year ending 31 December 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.
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 Michael Tinmouth
Director
30th April 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Acua Ocean Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13021977 . The registered office is Turnchapel Wharf , Barton Road , Plymouth , PL9 9RQ.
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:
Plant & Machinery 5 years straight line
Motor Vehicles 2 years straight line
Fixtures & Fittings 3 years straight line
Computer Equipment 2 years straight line
2.4. 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.
2.5. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 13)
17 13
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 574,383 - 241 14,523 589,147
Additions 1,826,425 102,363 834 9,996 1,939,618
As at 31 December 2024 2,400,808 102,363 1,075 24,519 2,528,765
Depreciation
As at 1 January 2024 31,956 - 71 4,982 37,009
Provided during the period 58,251 2,186 218 8,153 68,808
Impairment losses 126,077 - - - 126,077
As at 31 December 2024 216,284 2,186 289 13,135 231,894
Net Book Value
As at 31 December 2024 2,184,524 100,177 786 11,384 2,296,871
As at 1 January 2024 542,427 - 170 9,541 552,138
5. Debtors
31 December 2024 31 December 2023
as restated
£ £
Due within one year
Trade debtors 23,692 -
Other debtors 122,663 177,729
146,355 177,729
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
as restated
£ £
Trade creditors 46,487 20,098
Other loans - 44,739
Other creditors 1,307,249 101,518
Taxation and social security (239,164 ) 17,546
1,114,572 183,901
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 December 2023
as restated
£ £
Other creditors 19,178 19,178
8. Share Capital
31 December 2024 31 December 2023
as restated
£ £
Allotted, Called up and fully paid 7 6
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