Aquila Reporting Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 6

Aquila Reporting Limited

(Registration number: 11826653)
Statement of Financial Position as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	787	1,616
Current assets
Debtors	5	33,594	11,571
Cash at bank and in hand		154,703	3,671
		188,297	15,242
Creditors: Amounts falling due within one year	6	(68,743)	(15,381)
Net current assets/(liabilities)		119,554	(139)
Total assets less current liabilities		120,341	1,477
Provisions for liabilities		(197)	(307)
Net assets		120,144	1,170
Capital and reserves
Called up share capital		100	100
Profit and loss account		120,044	1,070
Shareholders' funds		120,144	1,170

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 17 November 2025 and signed on its behalf by:
 

Dr Brent Drake Director

Aquila Reporting Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Plym House
3 Longbridge Road
Plymouth
Marsh Mills
Devon
PL6 8LT

Principal activity

The principal activity of the company is that of medical consultancy services.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Aquila Reporting Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

2	Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	25% Straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Aquila Reporting Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

4	Tangible assets

	Fixtures, fittings and equipment £	Total £
Cost or valuation
At 1 March 2024	4,213	4,213
At 28 February 2025	4,213	4,213
Depreciation
At 1 March 2024	2,597	2,597
Charge for the year	829	829
At 28 February 2025	3,426	3,426
Carrying amount
At 28 February 2025	787	787
At 29 February 2024	1,616	1,616

Aquila Reporting Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

5

Debtors

	2025 £	2024 £
Other debtors	33,594	11,571
	33,594	11,571

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Taxation and social security	67,288	13,995
Accruals and deferred income	1,455	1,386
	68,743	15,381

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

Aquila Reporting Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

8	Related party transactions

Transactions with directors

During the year, the director entered into the following advances and credits with the company:

2025	At 1 March 2024 £	Advances to director £	Repayments by director £	At 28 February 2025 £
Director
	11,474	39,417	(17,394)	33,497

2024	At 1 March 2023 £	Advances to director £	Repayments by director £	At 29 February 2024 £
Director
	(132)	19,480	(7,874)	11,474

Directors' loans are repayable on demand and subject to interest on overdrawn balances at the official rate.