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REGISTERED NUMBER: 05990074 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

AGORA SOLUTIONS LIMITED

AGORA SOLUTIONS LIMITED (REGISTERED NUMBER: 05990074)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AGORA SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: J Carter
G Canavan
T Canavan
K Carter
J Sorrell





REGISTERED OFFICE: Charter House
161 Newhall Street
Birmingham
West Midlands
B3 1SW





REGISTERED NUMBER: 05990074 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
161 Newhall Street
Birmingham
B3 1SW

AGORA SOLUTIONS LIMITED (REGISTERED NUMBER: 05990074)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 214,558 69,609

CURRENT ASSETS
Stocks 1,800 4,500
Debtors 5 953,759 718,897
Cash at bank and in hand 864,044 788,099
1,819,603 1,511,496
CREDITORS
Amounts falling due within one year 6 1,594,366 1,168,356
NET CURRENT ASSETS 225,237 343,140
TOTAL ASSETS LESS CURRENT
LIABILITIES

439,795

412,749

PROVISIONS FOR LIABILITIES 17,785 13,310
NET ASSETS 422,010 399,439

CAPITAL AND RESERVES
Called up share capital 200 200
Capital redemption reserve 100 100
Retained earnings 421,710 399,139
422,010 399,439

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

AGORA SOLUTIONS LIMITED (REGISTERED NUMBER: 05990074)

BALANCE SHEET - continued
31 MARCH 2023


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 24 October 2023 and were signed on its behalf by:





G Canavan - Director


AGORA SOLUTIONS LIMITED (REGISTERED NUMBER: 05990074)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Agora Solutions Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to sell. The company does not manufacture or have work in progress.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

AGORA SOLUTIONS LIMITED (REGISTERED NUMBER: 05990074)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 33 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 - 11,183 90,485 31,287 132,955
Additions 17,060 1,004 179,273 1,048 198,385
Disposals - - (29,395 ) - (29,395 )
At 31 March 2023 17,060 12,187 240,363 32,335 301,945
DEPRECIATION
At 1 April 2022 - 6,298 25,877 31,171 63,346
Charge for year 3,910 752 41,155 86 45,903
Eliminated on disposal - - (21,862 ) - (21,862 )
At 31 March 2023 3,910 7,050 45,170 31,257 87,387
NET BOOK VALUE
At 31 March 2023 13,150 5,137 195,193 1,078 214,558
At 31 March 2022 - 4,885 64,608 116 69,609

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 768,463 679,269
Other debtors 185,296 39,628
953,759 718,897

AGORA SOLUTIONS LIMITED (REGISTERED NUMBER: 05990074)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 209,475 229,817
Amounts owed to group undertakings 783,996 619,705
Taxation and social security 578,315 285,422
Other creditors 22,580 33,412
1,594,366 1,168,356

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 10,083 13,397

8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Agora Solutions Holdings Limited - a company registered in England with the registration number 12476326. The registered office of the parent company is Charter House, 161 Newhall Street, Birmingham, West Midlands, England, B3 1SW. The parent company is under the control of the Directors of Agora Solutions Limited.