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REGISTERED NUMBER: 08656713 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

AGENCY 11 LIMITED

AGENCY 11 LIMITED (REGISTERED NUMBER: 08656713)






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


AGENCY 11 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Miss L Dooley
J Zimmerman





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 08656713 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

AGENCY 11 LIMITED (REGISTERED NUMBER: 08656713)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,373 3,340

CURRENT ASSETS
Debtors 5 292,586 127,537
Cash at bank 27,374 38,694
319,960 166,231
CREDITORS
Amounts falling due within one year 6 139,858 80,021
NET CURRENT ASSETS 180,102 86,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,475

89,550

CREDITORS
Amounts falling due after more than one
year

7

26,667

36,667
NET ASSETS 157,808 52,883

CAPITAL AND RESERVES
Called up share capital 210 210
Retained earnings 157,598 52,673
SHAREHOLDERS' FUNDS 157,808 52,883

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.

AGENCY 11 LIMITED (REGISTERED NUMBER: 08656713)

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 20 October 2023 and were signed on its behalf by:




Miss L Dooley - Director



J Zimmerman - Director


AGENCY 11 LIMITED (REGISTERED NUMBER: 08656713)

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

1. STATUTORY INFORMATION

Agency 11 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.

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 represents net invoiced sales of services, excluding value added tax.

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

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.

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 8 (2022 - 7 ) .

AGENCY 11 LIMITED (REGISTERED NUMBER: 08656713)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2022 9,543
Additions 2,491
At 31 March 2023 12,034
DEPRECIATION
At 1 April 2022 6,203
Charge for year 1,458
At 31 March 2023 7,661
NET BOOK VALUE
At 31 March 2023 4,373
At 31 March 2022 3,340

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 137,491 47,271
Other debtors 56,002 13,063
Directors' current accounts 99,093 67,203
292,586 127,537

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 27,126 2,296
Tax 77,996 35,014
Social security and other taxes 3,634 1,624
VAT 17,620 16,807
Other creditors 582 10,780
Accrued expenses 2,900 3,500
139,858 80,021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 26,667 36,667

AGENCY 11 LIMITED (REGISTERED NUMBER: 08656713)

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

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 26,250 26,250
Between one and five years 6,563 32,813
32,813 59,063

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 36,667 46,667

The bank loan is secured by way of a government backed guarantee.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the company made interest free advances to the Directors amounting to £99,093 (2022: £67,203). These were repayable on demand.

The company received payments of £67,203 (2022: £7,532).