Northern Aqua Power (Manchester) Limited
Northern Aqua Power (Manchester) Limited
Registered number: 01437965
ABRIDGED Financial Statements
For The Year Ended
31 January 2022
Northern Aqua Power (Manchester) Limited
Financial Statements
For The Year Ended
31 January 2022
Financial Statements
| Contents | |
| Page | |
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| Abridged Balance Sheet | 1—2 |
| Notes to the Abridged Financial Statements | 3—5 |
Northern Aqua Power (Manchester) Limited
Abridged Balance Sheet
As at
31 January 2022
Abridged Balance Sheet
Registered number:
01437965
For the year ending 31 January 2022 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 January 2022 in accordance with section 444(2A) of the Companies Act 2006.
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 7 |
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| CURRENT ASSETS | |||||
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 9 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 250,584 | 258,443 | |||
Northern Aqua Power (Manchester) Limited
Abridged Balance Sheet (continued)
As at
31 January 2022
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
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Director
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Director
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The notes on pages 3 to 5 form part of these financial statements.
Northern Aqua Power (Manchester) Limited
Notes to the Abridged Financial Statements
For The Year Ended
31 January 2022
Notes to the Abridged Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2.
Research and Development
Expenditure on research and development is written off in the year it is incurred.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
| Motor Vehicles |
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1.4.
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.
1.5.
Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
1.6.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
4.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
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| Office and administration |
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Northern Aqua Power (Manchester) Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended
31 January 2022
6.
Intangible Assets
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| Amortisation | |||
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| Net Book Value | |||
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7.
Tangible Assets
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| Cost | |
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| Depreciation | |
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| Provided during the period |
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8.
Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances
Northern Aqua Power (Manchester) Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended
31 January 2022
10.
Related Party Transactions
Northern Sea Power Limited
Fellow subsidiary
During the year, Northern Sea Power Limited transferred monies of £5,000 (2021 £nil) to Northern Aqua Power (Manchester) Limited, which was subsequently repaid by Delta Technology Group Limited. The balane owed at the year end was £nil (2021 £nil).
Delta Technology Group Limited
Parent company
During the year, Delta Technology Group Limited was repaid inter-company loans from associates of Northern Aqua Power (Manchester) Limited amounting to £969 (2021 £14,081). The balance owing at the year end is £246,495 (2021 £245,527).
Northern Marine Power Limited
Fellow subsidiary
During the year, Northern Aqua Power (Manchester) Limited made recharges to Northern Marine Power Limited of £5,969 (2021 £14,081) Monies were transferred to Delta Technology Group Limited of £5,969 (2021 £14,081) to repay the inter-company loans. The balance owed at the year end is £nil (2021 £nil).
The loans are interest free with no fixed plans for repayment.
11.
Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is
Delta Technology Group Limited
.
Delta Technology Group Limited
was incorporated in England & Wales. Copies of the group accounts may be obtained from the secretary,
Newby Road Industrial Estate, Hazel Grove, Stockport, SK7 5DR
. The ultimate controlling party is
Mr C Dyas and members of his close family
who controls 100% of the shares of
Northern Aqua Power (Manchester) Limited
.
12.
General Information
Northern Aqua Power (Manchester) Limited
Registered number
01437965
is a limited by shares company incorporated in England & Wales. The Registered Office is Newby Road Industrial Estate, Hazel Grove, Stockport, Cheshire, SK7 5DR.