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REGISTERED NUMBER: 08792441 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

THE AGENCY WORKS TEAM LIMITED

THE AGENCY WORKS TEAM LIMITED (REGISTERED NUMBER: 08792441)






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


THE AGENCY WORKS TEAM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: R A Dawson
L Neale
J P A Neale
S P Vincent
C M Waldron





REGISTERED OFFICE: The Barn, Bridge Farm
Holt Lane
Ashby Magna
Lutterworth
LE17 5NJ





REGISTERED NUMBER: 08792441 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

THE AGENCY WORKS TEAM LIMITED (REGISTERED NUMBER: 08792441)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 42,555 9,265
Investments 6 2,300 2,300
44,855 11,565

CURRENT ASSETS
Debtors 7 635,607 643,066
Cash at bank 214,336 217,839
849,943 860,905
CREDITORS
Amounts falling due within one year 8 (371,381 ) (445,071 )
NET CURRENT ASSETS 478,562 415,834
TOTAL ASSETS LESS CURRENT LIABILITIES 523,417 427,399

PROVISIONS FOR LIABILITIES (5,206 ) (2,089 )
NET ASSETS 518,211 425,310

CAPITAL AND RESERVES
Called up share capital 11 102 102
Retained earnings 518,109 425,208
SHAREHOLDERS' FUNDS 518,211 425,310

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.

THE AGENCY WORKS TEAM LIMITED (REGISTERED NUMBER: 08792441)

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:





C M Waldron - Director


THE AGENCY WORKS TEAM LIMITED (REGISTERED NUMBER: 08792441)

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

1. STATUTORY INFORMATION

The Agency Works Team 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is derived from the provision of consultancy services. 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.

- Computer equipment (33% on cost)
- Office equipment (25% on cost)
- Fixtures & fittings (33% on cost)

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.

Other investments
Other investments are held at fair value. Gains or losses on revaluation are recognised in the profit and loss in the year in which it arises.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 16 ) .

THE AGENCY WORKS TEAM LIMITED (REGISTERED NUMBER: 08792441)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 - 7,922 4,850 20,923 33,695
Additions 37,368 1,413 - 5,271 44,052
At 31 March 2023 37,368 9,335 4,850 26,194 77,747
DEPRECIATION
At 1 April 2022 - 7,922 3,600 12,908 24,430
Charge for year 3,737 466 621 5,938 10,762
At 31 March 2023 3,737 8,388 4,221 18,846 35,192
NET BOOK VALUE
At 31 March 2023 33,631 947 629 7,348 42,555
At 31 March 2022 - - 1,250 8,015 9,265

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Investments 2,300 2,300

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 154,047 79,935
Other debtors 481,560 563,131
635,607 643,066

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,625 40,625
Trade creditors 270,064 136,801
Taxation and social security 60,604 70,917
Other creditors 35,088 196,728
371,381 445,071

THE AGENCY WORKS TEAM LIMITED (REGISTERED NUMBER: 08792441)

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

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 20,717 24,747
Between one and five years - 20,717
20,717 45,464

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 5,625 40,625

HSBC Bank PLC holds a fixed and floating charge over the assets of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
102 102

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
J P A Neale
Balance outstanding at start of year 44,355 45,551
Amounts advanced 26,157 5,111
Amounts repaid (44,355 ) (6,307 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,157 44,355

THE AGENCY WORKS TEAM LIMITED (REGISTERED NUMBER: 08792441)

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

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

L Neale
Balance outstanding at start of year 42,275 33,356
Amounts advanced 30,888 8,919
Amounts repaid (42,275 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,888 42,275

S P Vincent
Balance outstanding at start of year 48,549 45,551
Amounts advanced 26,835 3,524
Amounts repaid (48,549 ) (526 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,835 48,549

13. RELATED PARTY DISCLOSURES

At the balance sheet date a loan balance of £83,879 (2022: £135,757) was owed by the directors and disclosed within other debtors. This loan bears interest at 2% and is repayable on demand.

At the balance sheet date a loan of £45,019 ( 2022: £48,958) was owed by a person with a participating interest in the company. The amount bears interest at 2%, is included within other debtors and is repayable on demand.