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REGISTERED NUMBER: SC177371 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

AQUIDATA XL LIMITED
AQUIDATA XL LIMITED (REGISTERED NUMBER: SC177371)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AQUIDATA XL LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTOR: C Laird





REGISTERED OFFICE: XL House
Woodburn Road
Blackburn
Aberdeen
AB21 0PS





REGISTERED NUMBER: SC177371 (Scotland)





1
AQUIDATA XL LIMITED (REGISTERED NUMBER: SC177371)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 200,000 200,000
Tangible assets 5 4,635 7,722
204,635 207,722

CURRENT ASSETS
Debtors 6 2,005,981 1,298,619
Cash at bank and in hand 591,027 124,128
2,597,008 1,422,747
CREDITORS
Amounts falling due within one year 7 1,602,787 914,471
NET CURRENT ASSETS 994,221 508,276
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,198,856
715,998

PROVISIONS FOR LIABILITIES 50,247 -
NET ASSETS 1,148,609 715,998

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,147,609 714,998
1,148,609 715,998

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

2
AQUIDATA XL LIMITED (REGISTERED NUMBER: SC177371)

Balance Sheet - continued
31 December 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 January 2026 and were signed by:





C Laird - Director


The notes form part of these financial statements

3
AQUIDATA XL LIMITED (REGISTERED NUMBER: SC177371)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Aquidata XL Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on cost and 20% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4
AQUIDATA XL LIMITED (REGISTERED NUMBER: SC177371)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 200,000
NET BOOK VALUE
At 31 December 2024 200,000
At 31 December 2023 200,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 36,907 392,293 15,264 444,464
DEPRECIATION
At 1 January 2024 36,907 392,293 7,542 436,742
Charge for year - - 3,087 3,087
At 31 December 2024 36,907 392,293 10,629 439,829
NET BOOK VALUE
At 31 December 2024 - - 4,635 4,635
At 31 December 2023 - - 7,722 7,722

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,268,106 705,501
Amounts owed by group undertakings 26,987 41,346
Amounts owed by participating interests 668,373 507,746
Other debtors 42,515 44,026
2,005,981 1,298,619

5
AQUIDATA XL LIMITED (REGISTERED NUMBER: SC177371)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 961,738 276,301
Amounts owed to group undertakings 353,272 459,217
Taxation and social security 275,968 168,181
Other creditors 11,809 10,772
1,602,787 914,471

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is XL Global Group Ltd.

6