Acorah Software Products - Accounts Production 15.0.500 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 09197696 Mr Bakr Allam iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09197696 2022-09-30 09197696 2023-09-30 09197696 2022-10-01 2023-09-30 09197696 frs-core:CurrentFinancialInstruments 2023-09-30 09197696 frs-core:Non-currentFinancialInstruments 2023-09-30 09197696 frs-core:MotorVehicles 2023-09-30 09197696 frs-core:MotorVehicles 2022-10-01 2023-09-30 09197696 frs-core:MotorVehicles 2022-09-30 09197696 frs-core:ShareCapital 2023-09-30 09197696 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 09197696 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 09197696 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 09197696 frs-bus:SmallEntities 2022-10-01 2023-09-30 09197696 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 09197696 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 09197696 frs-bus:Director1 2022-10-01 2023-09-30 09197696 frs-countries:EnglandWales 2022-10-01 2023-09-30 09197696 2021-09-30 09197696 2022-09-30 09197696 2021-10-01 2022-09-30 09197696 frs-core:CurrentFinancialInstruments 2022-09-30 09197696 frs-core:Non-currentFinancialInstruments 2022-09-30 09197696 frs-core:ShareCapital 2022-09-30 09197696 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 09197696
AGI PROFESSIONALS LTD
Financial Statements
For The Year Ended 30 September 2023
ADVANTICA ACCOUNTANTS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09197696
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 7,382 100
Cash at bank and in hand 300 272
7,682 372
Creditors: Amounts Falling Due Within One Year 6 (3,042 ) (15,600 )
NET CURRENT ASSETS (LIABILITIES) 4,640 (15,228 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,640 (15,228 )
Creditors: Amounts Falling Due After More Than One Year 7 (12,314 ) (12,314 )
NET LIABILITIES (7,674 ) (27,542 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (7,774 ) (27,642 )
SHAREHOLDERS' FUNDS (7,674) (27,542)
Page 1
Page 2
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Bakr Allam
Director
31 July 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
AGI PROFESSIONALS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 09197696 . The registered office is 39 Park View Court, Victoria Street, Basingstoke, Hampshire, RG21 3FJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 2)
1 2
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 October 2022 1,700
As at 30 September 2023 1,700
Depreciation
As at 1 October 2022 1,700
As at 30 September 2023 1,700
Net Book Value
As at 30 September 2023 -
As at 1 October 2022 -
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Corporation tax recoverable assets 7,282 -
Called up share capital not paid 100 100
7,382 100
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 200 -
Other taxes and social security 42 -
Director's loan account 2,800 15,600
3,042 15,600
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 12,314 12,314
8. Share Capital
2023 2022
£ £
Called Up Share Capital not Paid 100 100
Amount of Allotted, Called Up Share Capital 100 100
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