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REGISTERED NUMBER: 09935769 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

AGSENZE LTD

AGSENZE LTD (REGISTERED NUMBER: 09935769)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AGSENZE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: Mr J C Theobald
Mr M C Dobbs
Mr P R Gresham
Dr B McCarthy





REGISTERED OFFICE: Unit 7:1:8, Cameron House
White Cross Business Park
South Road
Lancaster
Lancashire
LA1 4XF





REGISTERED NUMBER: 09935769 (England and Wales)





ACCOUNTANTS: Horsham Accountancy Services Ltd
Littlehaven House
24-26 Littlehaven Lane
Horsham
West Sussex
RH12 4HT

AGSENZE LTD (REGISTERED NUMBER: 09935769)

BALANCE SHEET
31 DECEMBER 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 168,807 134,534
Tangible assets 5 1,246 2,344
170,053 136,878

CURRENT ASSETS
Stocks 47,124 -
Debtors 6 126,863 97,701
Cash at bank 348,952 253,035
522,939 350,736
CREDITORS
Amounts falling due within one year 7 101,118 68,204
NET CURRENT ASSETS 421,821 282,532
TOTAL ASSETS LESS CURRENT LIABILITIES 591,874 419,410

CAPITAL AND RESERVES
Called up share capital 4 3
Share premium 1,058,796 763,031
Retained earnings (466,926 ) (343,624 )
591,874 419,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Board of Directors and authorised for issue on 14 March 2022 and were signed on its behalf by:





Mr J C Theobald - Director


AGSENZE LTD (REGISTERED NUMBER: 09935769)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Agsenze Ltd is a private company, limited by shares , registered in England and Wales. 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.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Research and development
Expenditure on research is written off in the year in which it is incurred.

Expenditure on development is capitalised as an intangible asset under the following conditions:

(a) The technical feasibility of completing the development so that it is available for sale;
(b) The intention to complete the intangible asset and to sell it;
(c) The assessment that the intangible asset will generate future economic benefits and the existence of a market;
(d) The ability to measure reliably the expenditure attributable to the intangible asset during its development.

The development costs will be amortised from the product launch date over the estimated useful life.

Pension costs and other post-retirement benefits
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.


.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2020 - 7 ) .

AGSENZE LTD (REGISTERED NUMBER: 09935769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2021 134,534
Additions 34,273
At 31 December 2021 168,807
NET BOOK VALUE
At 31 December 2021 168,807
At 31 December 2020 134,534

The intangible assets comprise development costs.

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021
and 31 December 2021 4,552
DEPRECIATION
At 1 January 2021 2,208
Charge for year 1,098
At 31 December 2021 3,306
NET BOOK VALUE
At 31 December 2021 1,246
At 31 December 2020 2,344

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Other debtors 126,863 97,701

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors 22,640 36,715
Taxation and social security 9,591 10,707
Other creditors 68,887 20,782
101,118 68,204