Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-312023-11-01falseNo description of principal activity1313falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04036575 2023-11-01 2024-10-31 04036575 2022-11-01 2023-10-31 04036575 2024-10-31 04036575 2023-10-31 04036575 c:Director1 2023-11-01 2024-10-31 04036575 d:Buildings 2023-11-01 2024-10-31 04036575 d:Buildings 2024-10-31 04036575 d:Buildings 2023-10-31 04036575 d:Buildings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04036575 d:PlantMachinery 2023-11-01 2024-10-31 04036575 d:PlantMachinery 2024-10-31 04036575 d:PlantMachinery 2023-10-31 04036575 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04036575 d:FurnitureFittings 2023-11-01 2024-10-31 04036575 d:FurnitureFittings 2024-10-31 04036575 d:FurnitureFittings 2023-10-31 04036575 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04036575 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04036575 d:CurrentFinancialInstruments 2024-10-31 04036575 d:CurrentFinancialInstruments 2023-10-31 04036575 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 04036575 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 04036575 d:ShareCapital 2024-10-31 04036575 d:ShareCapital 2023-10-31 04036575 d:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 04036575 d:RetainedEarningsAccumulatedLosses 2024-10-31 04036575 d:RetainedEarningsAccumulatedLosses 2023-10-31 04036575 c:OrdinaryShareClass1 2023-11-01 2024-10-31 04036575 c:OrdinaryShareClass1 2024-10-31 04036575 c:OrdinaryShareClass1 2023-10-31 04036575 c:FRS102 2023-11-01 2024-10-31 04036575 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04036575 c:FullAccounts 2023-11-01 2024-10-31 04036575 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04036575 2 2023-11-01 2024-10-31 04036575 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04036575










AQUILAR LIMITED

UNAUDITED
DIRECTOR'S REPORT
AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 OCTOBER 2024
 






 



 







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AQUILAR LIMITED
 
 
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 OCTOBER 2024

The director presents his report and the financial statements for the year ended 31 October 2024.
 
 
Principal activity
 
 
The principal activity of the Company continued to be that of the sale of water and oil leak detection equipment.
 
 
Director
 
 
The director who served during the year was:
 
 
Mr J Waumsley 
 
In preparing this report, the director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
 
 
This report was approved by the board and signed on its behalf.
 
 



Mr J Waumsley
Director

Date: 20 June 2025
Page 1

 
AQUILAR LIMITED
REGISTERED NUMBER:04036575

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
640,687
652,375

Current assets
  

Stocks
  
579,740
705,673

Debtors: amounts falling due within one year
 6 
528,515
341,148

Cash at bank and in hand
 7 
2,093,025
2,006,789

  
3,201,280
3,053,610

Creditors: amounts falling due within one year
 8 
(657,324)
(579,365)

Net current assets
  
 
 
2,543,956
 
 
2,474,245

Total assets less current liabilities
  
3,184,643
3,126,620

  

Net assets
  
3,184,643
3,126,620


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
 10 
3,184,543
3,126,520

  
3,184,643
3,126,620


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 June 2025.




Mr J Waumsley
Director

The notes on pages 4 to 9 form part of these financial statements.
Page 2

 
AQUILAR LIMITED
REGISTERED NUMBER:04036575

BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024


Page 3

 
AQUILAR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Aquilar Limited is a private company, limited by shares and incorporated in England & Wales, registration number 04036575. The address of the registered office is Albany House, Claremont Lane, Esher, Surrey KT10 9FQ. 

The principal place of business is Unit 30 Lawson Hunt Industrial Park, Broadbridge Heath, Horsham RH12 3JR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention. The principal
accounting policies adopted are set out below.

The following principal accounting policies have been applied:

  
2.2

Compliance with accounting standard

The accounts have been prepared in accordance with the provisions of FRS102 Section 1A small entities. There have been no material deviations from the standard.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Monetary amounts in these financial statements are rounded to the nearest £.

Page 4

 
AQUILAR LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
AQUILAR LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance method.

Depreciation is provided on the following basis:

Land and buildings freehold
-
1%
on a straight line basis.
Plant and machinery
-
10%
on a straight line basis.
Fixtures and fittings
-
25%
on a reducing balance basis.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.

Financial assets and liabilities are offset and the net amount reported in the balance sheet, when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 6

 
AQUILAR LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Staff and Director
13
13


4.


Tangible fixed assets





Freehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 November 2023
734,436
2,217
51,608
788,261


Additions
-
-
4,570
4,570


Disposals
-
-
(7,856)
(7,856)



At 31 October 2024

734,436
2,217
48,322
784,975



Depreciation


At 1 November 2023
109,000
887
25,998
135,885


Charge for the year on owned assets
7,344
222
6,466
14,032


Disposals
-
-
(5,629)
(5,629)



At 31 October 2024

116,344
1,109
26,835
144,288



Net book value



At 31 October 2024
618,092
1,108
21,487
640,687



At 31 October 2023
625,436
1,330
25,610
652,376


5.


Stock and work in progress



Stock
579,741
705,673

Page 7

 
AQUILAR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
492,229
307,744

Other debtors
1,438
1,115

Prepayments and accrued income
34,848
32,289

528,515
341,148



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,093,025
2,006,788

Less: bank overdrafts
-
(2,190)

2,093,025
2,004,598



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
2,191

Trade creditors
242,181
227,107

Corporation tax
183,457
236,897

Other taxation and social security
102,200
66,933

Other creditors
26,689
32,768

Accruals and deferred income
102,797
13,469

657,324
579,365


Page 8

 
AQUILAR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



10.


Reserves

Profit and loss account

The profit and loss account represents cumulative profits and losses net of dividends and other adjustments.


11.


Related party transactions

During the year dividends were paid to the director totalling £370,000 (2023 - £387,500).


Page 9