Abbreviated Company Accounts - AQULA LTD

06528309 AQULA LTD 2016-03-31 false 2015-04-01 2016-03-31 true 06528309 2015-04-01 2016-03-31 06528309 2016-03-31 06528309 2015-03-31 06528309 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 06528309 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 06528309

AQULA LTD

Abbreviated Accounts

31 March 2016

AQULA LTD Registered Number 06528309

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	24,900	33,200
		24,900	33,200
Current assets
Cash at bank and in hand		200	1,147
		200	1,147
Creditors: amounts falling due within one year		(25,077)	(33,356)
Net current assets (liabilities)		(24,877)	(32,209)
Total assets less current liabilities		23	991
Total net assets (liabilities)		23	991
Capital and reserves
Called up share capital	3	10	10
Profit and loss account		13	981
Shareholders' funds		23	991

For the year ending 31 March 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 14 September 2016

And signed on their behalf by:
Ian Andrew Parrott, Director

AQULA LTD Registered Number 06528309

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Intangible assets amortisation policy
Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 5 years.

Other accounting policies
Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.

2Intangible fixed assets

	£
Cost
At 1 April 2015	41,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	41,500
Amortisation
At 1 April 2015	8,300
Charge for the year	8,300
On disposals	-
At 31 March 2016	16,600
Net book values
At 31 March 2016	24,900
At 31 March 2015	33,200

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
10 Ordinary shares of £1 each	10	10