Registered number
14513719
AG Cyber Ltd
Filleted Accounts
30 November 2023
AG Cyber Ltd
Registered number: 14513719
Balance Sheet
as at 30 November 2023
Notes 2023
£
Fixed assets
Intangible assets 3 21,600
Tangible assets 4 11,920
33,520
Current assets
Debtors 5 449
Cash at bank and in hand 7,820
8,269
Creditors: amounts falling due within one year 6 (14,416)
Net current liabilities (6,147)
Net assets 27,373
Capital and reserves
Called up share capital 2
Profit and loss account 27,371
Shareholder's funds 27,373
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Armstrong-Godwin
Director
Approved by the board on 31 July 2024
AG Cyber Ltd
Notes to the Accounts
for the period from 29 November 2022 to 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023
Number
Average number of persons employed by the company 2
3 Intangible fixed assets £
Goodwill:
Cost
Additions 24,000
At 30 November 2023 24,000
Amortisation
Provided during the period 2,400
At 30 November 2023 2,400
Net book value
At 30 November 2023 21,600
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Office equipment
£
Cost
Additions 14,903
At 30 November 2023 14,903
Depreciation
Charge for the period 2,983
At 30 November 2023 2,983
Net book value
At 30 November 2023 11,920
5 Debtors 2023
£
Other debtors 449
6 Creditors: amounts falling due within one year 2023
£
Taxation and social security costs 11,826
Other creditors 2,590
14,416
7 Controlling party
The company is controlled by the director.
8 Other information
AG Cyber Ltd is a private company limited by shares and incorporated in England. Its registered office is:
New Court
The Steadings Business Centre
Maisemore
Glos
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