Uisce Ard Ltd 31/03/2022 iXBRL

Uisce Ard Ltd 31/03/2022 iXBRL

UISCE ARD LTD - Company Information

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Company registration number: 6715651
Uisce Ard Ltd
Unaudited filleted financial statements
31 March 2022
Uisce Ard Ltd
Contents
Directors and other information
Directors' report
Accountants' report
Balance sheet
Notes to the financial statements
Uisce Ard Ltd
Directors and other information
Directors Mr Paul Camplisson
Mr Gareth Nethercott
Secretary Paul Camplisson
Company number 6715651
Registered office Unit 6 The Mead Business Centre
Mead Lane
Hertford
Herts
SG13 7BJ
Accountants Jones Peters
Hughes House
6 Church Street
Banbridge
BT32 4AA
Bankers Ulster Bank
11-16 Donegall Square East
Belfast
BT1 5UB
Uisce Ard Ltd
Directors' report
Year ended 31 March 2022
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2022.
Directors
The directors who served the company during the year were as follows:
Mr Paul Camplisson
Mr Gareth Nethercott
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 22 September 2022 and signed on behalf of the board by:
Mr Paul Camplisson
Director
Uisce Ard Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Uisce Ard Ltd
Year ended 31 March 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Uisce Ard Ltd for the year ended 31 March 2022 which comprise the balance sheet and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the board of directors of Uisce Ard Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Uisce Ard Ltd and state those matters that we have agreed to state to the board of directors of Uisce Ard Ltd as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Uisce Ard Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Uisce Ard Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Uisce Ard Ltd. You consider that Uisce Ard Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Uisce Ard Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Jones Peters
Chartered Accountants
Hughes House
6 Church Street
Banbridge
BT32 4AA
22 September 2022
Uisce Ard Ltd
Balance sheet
31 March 2022
2022 2021
Note £ £ £ £
Current assets
Debtors 5 121,814 234,783
Cash at bank and in hand 261 2
_______ _______
122,075 234,785
Creditors: amounts falling due
within one year 6 ( 9,178) ( 12,919)
_______ _______
Net current assets 112,897 221,866
_______ _______
Total assets less current liabilities 112,897 221,866
_______ _______
Net assets 112,897 221,866
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 112,896 221,865
_______ _______
Shareholders funds 112,897 221,866
_______ _______
For the year ending 31 March 2022 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 22 September 2022 , and are signed on behalf of the board by:
Mr Paul Camplisson Mr Gareth Nethercott
Director Director
Company registration number: 6715651
Uisce Ard Ltd
Notes to the financial statements
Year ended 31 March 2022
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Unit 6 The Mead Business Centre, Mead Lane, Hertford, Herts, SG13 7BJ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
No significant judgements have been made by management in preparing these financial statements .
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a 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.Debt instruments are subsequently measured at amortised cost.Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2021: 2 ).
5. Debtors
2022 2021
£ £
Trade debtors 16,990 -
Amounts owed by connected companies 98,941 177,650
Other debtors 5,883 57,133
_______ _______
121,814 234,783
_______ _______
6. Creditors: amounts falling due within one year
2022 2021
£ £
Trade creditors 6,079 7,319
Corporation tax 883 -
Social security and other taxes 716 -
Other creditors 1,500 5,600
_______ _______
9,178 12,919
_______ _______
7. Controlling party
By virtue of his shareholding, Paul Camplisson is deemed to be the controlling party.