AQUARATE LIMITED - Accounts

AQUARATE LIMITED - Accounts

AQUARATE LIMITED - Company Information

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Registered Number: 10746287
England and Wales

 

 

 

AQUARATE LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 May 2020

End date: 30 April 2021

AQUARATE LIMITED
Contents Page
For the year ended 30 April 2021
Directors Rebecca Taylor
Nova Group Holdings Limited
Benjamin James Carter
Registered Number 10746287
Registered Office 57 Jordan Street
Liverpool
England
L10BW
1
The directors present their annual report and the financial statements for the year ended 30 April 2021.
Directors
The directors who served the company throughout the year were as follows:
Rebecca Taylor (from 13/12/2017)
Nova Group Holdings Limited (from 26/02/2019)
Benjamin James Carter (from 11/09/2019)
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Nova Group Holdings Limited
Director

Date approved: 31 January 2022
2
 
 		 Notes
 		 2021
£		   2020
£
Fixed assets      
Tangible fixed assets 3 3,570    1,345 
3,570    1,345 
Current assets      
Debtors 4 849,577    43,756 
Cash at bank and in hand 445,393    60,945 
1,294,970    104,701 
Creditors: amount falling due within one year 5 (38,618)   (41,255)
Net current assets 1,256,352    63,446 
 
Total assets less current liabilities 1,259,922    64,791 
Creditors: amount falling due after more than one year 6 (1,450,000)   - 
Defined benefit pension scheme asset/liability -    (642)
Net liabilities (190,078)   64,149 
 

Capital and reserves 		     
Called up share capital 23,790    23,085 
Share premium account 7 783,200    653,656 
Profit and loss account (997,068)   (612,592)
Shareholder's funds (190,078)   64,149 
 


For the year ended 30 April 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 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 and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 31 January 2022 and were signed on its behalf by:


--------------------------------
Nova Group Holdings Limited
Director
3
General Information
AQUARATE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10746287, registration address 57 Jordan Street, Liverpool, England, L10BW

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 3 Straight Line
2.

Average number of employees

Average number of employees during the year was 2 (2020 : 0).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 May 2020 1,345    1,345 
Additions 3,412    3,412 
Disposals -    - 
At 30 April 2021 4,757    4,757 
Depreciation
At 01 May 2020 -    - 
Charge for year 1,187    1,187 
On disposals -    - 
At 30 April 2021 1,187    1,187 
Net book values
Closing balance as at 30 April 2021 3,570    3,570 
Opening balance as at 01 May 2020 1,345    1,345 


4.

Debtors: amounts falling due within one year

2021
£		   2020
£
Called up Share Capital Not Paid 4,800    - 
Prepayments & Accrued Income 690,036    - 
Provision For Corporation Tax -    30,962 
Other Debtors -    4,725 
VAT 154,007    7,931 
848,843    43,618 

4.

Debtors: amounts falling due after one year

2021
£		   2020
£
Directors Loan Accounts 734    138 
734    138 

5.

Creditors: amount falling due within one year

2021
£		   2020
£
Trade Creditors 23,586    23,210 
PAYE & Social Security 15,032    5,233 
Accruals -    12,741 
Wages & Salaries Control Account -    71 
38,618    41,255 

6.

Creditors: amount falling due after more than one year

2021
£		   2020
£
Bank Loans & Overdrafts 50,000    - 
Future Fund Convertible Loan Note 1,400,000    - 
1,450,000    - 

7.

Share premium account

2021
£		   2020
£
Equity Share Premium b/fwd 653,656    653,656 
Equity Share Premium - New Issue 129,544    - 
783,200    653,656 

4