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REGISTERED NUMBER: 08735924 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Agilitee Limited

Agilitee Limited (Registered number: 08735924)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Chartered Accountants' Report 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Agilitee Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C Narayan
L M A Narayan





REGISTERED OFFICE: Griffon House
South Road
Plumpton Green
East Sussex
BN8 4EA





REGISTERED NUMBER: 08735924 (England and Wales)





ACCOUNTANTS: THL Accountancy Ltd
303 Goring Road
Worthing
West Sussex
BN12 4NX

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Agilitee Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Agilitee Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Agilitee Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Agilitee Limited and state those matters that we have agreed to state to the Board of Directors of Agilitee Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Agilitee Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Agilitee Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Agilitee Limited. You consider that Agilitee Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Agilitee Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






THL Accountancy Ltd
303 Goring Road
Worthing
West Sussex
BN12 4NX


23 August 2024

Agilitee Limited (Registered number: 08735924)

Income Statement
for the Year Ended 31 March 2024

2024 2023
Notes £    £    £    £   

TURNOVER 7,489,497 5,785,182

Cost of sales 6,400,582 4,999,797
GROSS PROFIT 1,088,915 785,385

Distribution costs 42,531 -
Administrative expenses 755,586 390,375
798,117 390,375
290,798 395,010

Other operating income - 11,127
OPERATING PROFIT 4 290,798 406,137


Interest payable and similar expenses 13,340 21,719
PROFIT BEFORE TAXATION 277,458 384,418

Tax on profit 27,178 40,146
PROFIT FOR THE FINANCIAL YEAR 250,280 344,272

Agilitee Limited (Registered number: 08735924)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 623,072 564,487

CURRENT ASSETS
Stocks 277,872 421,777
Debtors 6 1,357,037 723,603
Cash at bank 124,363 379,792
1,759,272 1,525,172
CREDITORS
Amounts falling due within one year 7 1,494,706 1,202,467
NET CURRENT ASSETS 264,566 322,705
TOTAL ASSETS LESS CURRENT
LIABILITIES

887,638

887,192

CREDITORS
Amounts falling due after more than one
year

8

316,992

335,844
NET ASSETS 570,646 551,348

CAPITAL AND RESERVES
Called up share capital 103 102
Retained earnings 570,543 551,246
570,646 551,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Agilitee Limited (Registered number: 08735924)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





C Narayan - Director


Agilitee Limited (Registered number: 08735924)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Agilitee 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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current 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 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.

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 7 (2023 - 7 ) .

Agilitee Limited (Registered number: 08735924)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 140,430 122,568

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 333,422 3,485 413,466 27,922 778,295
Additions 183,543 - 167,733 874 352,150
Disposals - - (176,772 ) - (176,772 )
At 31 March 2024 516,965 3,485 404,427 28,796 953,673
DEPRECIATION
At 1 April 2023 135,706 1,734 53,919 22,449 213,808
Charge for year 79,864 622 57,038 2,906 140,430
Eliminated on disposal - - (23,637 ) - (23,637 )
At 31 March 2024 215,570 2,356 87,320 25,355 330,601
NET BOOK VALUE
At 31 March 2024 301,395 1,129 317,107 3,441 623,072
At 31 March 2023 197,716 1,751 359,547 5,473 564,487

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 865,884 369,945
Amounts owed by group undertakings 474,890 261,550
Other debtors 16,263 92,108
1,357,037 723,603

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,258 10,230
Finance leases 92,333 80,998
Trade creditors 897,984 768,035
Taxation and social security 112,511 71,375
Other creditors 381,620 271,829
1,494,706 1,202,467

Agilitee Limited (Registered number: 08735924)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,511 21,436
Finance leases 306,481 314,408
316,992 335,844

9. ULTIMATE CONTROLLING PARTY

The controlling party is Griffon Holdings Limited .