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AGILITY SYSTEMS LIMITED

Registered Number
SC498070
(Scotland)

Unaudited Financial Statements for the Year ended
29 February 2024

AGILITY SYSTEMS LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

SHIELDS, Peter Berry

Registered Address

46 Queens Road
Aberdeen
AB15 4YE

Registered Number

SC498070 (Scotland)
AGILITY SYSTEMS LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3817,717818,883
817,717818,883
Current assets
Cash at bank and on hand226320
226320
Creditors amounts falling due within one year4(115,315)(143,221)
Net current assets (liabilities)(115,089)(142,901)
Total assets less current liabilities702,628675,982
Creditors amounts falling due after one year5(525,242)(552,875)
Net assets177,386123,107
Capital and reserves
Called up share capital100100
Profit and loss account177,286123,007
Shareholders' funds177,386123,107
The financial statements were approved and authorised for issue by the Director on 9 May 2024, and are signed on its behalf by:
SHIELDS, Peter Berry
Director
Registered Company No. SC498070
AGILITY SYSTEMS LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Land and buildings10
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 March 23819,660819,660
At 29 February 24819,660819,660
Depreciation and impairment
At 01 March 23777777
Charge for year1,1661,166
At 29 February 241,9431,943
Net book value
At 29 February 24817,717817,717
At 28 February 23818,883818,883
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-11,250
Bank borrowings and overdrafts51,73251,732
Amounts owed to related parties37,64331,266
Taxation and social security15,58541,091
Accrued liabilities and deferred income10,3557,882
Total115,315143,221
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts525,242552,875
Total525,242552,875