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REGISTERED NUMBER: 08235871 (England and Wales)















Advanced Global Ideas UK Limited

Unaudited Financial Statements

for the Year Ended 28 February 2023






Advanced Global Ideas UK Limited (Registered number: 08235871)

Contents of the Financial Statements
for the year ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Advanced Global Ideas UK Limited

Company Information
for the year ended 28 February 2023







Directors: Ms Y Lam
Mr A Akhtar





Registered office: Mitchells Farm
The Lords Barn
London Road
Stapleford Tawney
Essex
RM4 1SP





Registered number: 08235871 (England and Wales)





Accountants: Haines Watts South East LLP
Chartered Accountants
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Advanced Global Ideas UK Limited (Registered number: 08235871)

Balance Sheet
28 February 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 27,922 28,439

Current assets
Stocks 2,474 3,474
Debtors 5 1,627,410 1,397,997
Cash at bank 689,729 855,930
2,319,613 2,257,401
Creditors
Amounts falling due within one year 6 713,403 1,004,548
Net current assets 1,606,210 1,252,853
Total assets less current liabilities 1,634,132 1,281,292

Creditors
Amounts falling due after more than one
year

7

(145,039

)

(192,100

)

Provisions for liabilities (3,880 ) (5,403 )
Net assets 1,485,213 1,083,789

Capital and reserves
Called up share capital 10 100 100
Retained earnings 1,485,113 1,083,689
Shareholders' funds 1,485,213 1,083,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Advanced Global Ideas UK Limited (Registered number: 08235871)

Balance Sheet - continued
28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:





Mr A Akhtar - Director


Advanced Global Ideas UK Limited (Registered number: 08235871)

Notes to the Financial Statements
for the year ended 28 February 2023


1. Statutory information

Advanced Global Ideas UK 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 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.
Long leasehold - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leases
Rental income from operating leases is recognised on a straight line basis over the term of the relevant
lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying
amount of the leased asset and recognised on a straight line basis over the lease term.

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 6 (2022 - 6 ) .

Advanced Global Ideas UK Limited (Registered number: 08235871)

Notes to the Financial Statements - continued
for the year ended 28 February 2023


4. Tangible fixed assets
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£ £ £ £ £
Cost
At 1 March 2022 30,000 - 113,972 32,850 176,822
Additions - 10,000 853 4,815 15,668
At 28 February 2023 30,000 10,000 114,825 37,665 192,490
Depreciation
At 1 March 2022 24,500 - 109,485 14,398 148,383
Charge for year 3,000 2,500 3,329 7,356 16,185
At 28 February 2023 27,500 2,500 112,814 21,754 164,568
Net book value
At 28 February 2023 2,500 7,500 2,011 15,911 27,922
At 28 February 2022 5,500 - 4,487 18,452 28,439

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 259,725 28,574
Other debtors 1,367,685 1,369,423
1,627,410 1,397,997

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 51,249 54,433
Trade creditors 47,592 212,758
Taxation and social security 151,430 33,184
Other creditors 463,132 704,173
713,403 1,004,548

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 145,039 192,100

8. Leasing agreements

At the reporting end date the company had outstanding commitments for future minimum lease payments
under non-cancellable operating leases, as follows:
2023 2022
£    £   

71,245

Advanced Global Ideas UK Limited (Registered number: 08235871)

Notes to the Financial Statements - continued
for the year ended 28 February 2023


9. Secured debts

The bank have secured a fixed and floating charge which covers all property or undertaking of the company.

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
75 Ordinary-A shares £1 75 75
25 Ordinary-B shares £1 25 25
100 100

11. Related party disclosures

Included within other creditors is £398,521 (2022: £300,876) owed to the company directors.

Included within other debtors is £1,357,023 (2022: £1,357,023) owed by a connected company.