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31/03/2024
2024-03-31
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No description of principal activities is disclosed
2023-01-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
02518452
2023-01-01
2024-03-31
02518452
2024-03-31
02518452
2022-01-01
2022-12-31
02518452
2022-12-31
02518452
core:PlantMachinery
2023-01-01
2024-03-31
02518452
core:FurnitureFittingsToolsEquipment
2023-01-01
2024-03-31
02518452
core:OnerousContractsExcludingVacantProperties
2023-01-01
2024-03-31
02518452
bus:OrdinaryShareClass1
2023-01-01
2024-03-31
02518452
bus:Director1
2023-01-01
2024-03-31
02518452
core:NetGoodwill
2024-03-31
02518452
core:PlantMachinery
2024-03-31
02518452
core:FurnitureFittingsToolsEquipment
2024-03-31
02518452
core:WithinOneYear
2024-03-31
02518452
core:WithinOneYear
2022-12-31
02518452
core:ShareCapital
2024-03-31
02518452
core:ShareCapital
2022-12-31
02518452
core:CapitalRedemptionReserve
2024-03-31
02518452
core:CapitalRedemptionReserve
2022-12-31
02518452
core:RetainedEarningsAccumulatedLosses
2024-03-31
02518452
core:RetainedEarningsAccumulatedLosses
2022-12-31
02518452
bus:OrdinaryShareClass1
core:ShareCapital
2024-03-31
02518452
bus:OrdinaryShareClass1
core:ShareCapital
2022-12-31
02518452
core:NetGoodwill
2022-12-31
02518452
core:CostValuation
core:Non-currentFinancialInstruments
2024-03-31
02518452
core:Non-currentFinancialInstruments
2024-03-31
02518452
core:Non-currentFinancialInstruments
2022-12-31
02518452
bus:SmallEntities
2023-01-01
2024-03-31
02518452
bus:AuditExempt-NoAccountantsReport
2023-01-01
2024-03-31
02518452
bus:FullAccounts
2023-01-01
2024-03-31
02518452
bus:SmallCompaniesRegimeForAccounts
2023-01-01
2024-03-31
02518452
bus:PrivateLimitedCompanyLtd
2023-01-01
2024-03-31
02518452
core:ComputerEquipment
2023-01-01
2024-03-31
02518452
core:ComputerEquipment
2024-03-31
REGISTRAR
Company registration number:
02518452
Agility Risk & Compliance Limited
Unaudited filleted financial statements
31 March 2024
Agility Risk & Compliance Limited
Contents
Statement of financial position
Notes to the financial statements
Agility Risk & Compliance Limited
Statement of financial position
31 March 2024
|
|
|
31/03/24 |
|
|
|
31/12/22 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Intangible assets |
|
5 |
- |
|
|
|
- |
|
|
Investments |
|
7 |
130,250 |
|
|
|
130,250 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
130,250 |
|
|
|
130,250 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
8 |
106,306 |
|
|
|
126,173 |
|
|
Cash at bank and in hand |
|
|
82,010 |
|
|
|
63,991 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
188,316 |
|
|
|
190,164 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
9 |
(
48,718) |
|
|
|
(
202,939) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets/(liabilities) |
|
|
|
|
139,598 |
|
|
|
(
12,775) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
269,848 |
|
|
|
117,475 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
269,848 |
|
|
|
117,475 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
10 |
|
|
19,500 |
|
|
|
19,500 |
Capital redemption reserve |
|
|
|
|
2,250 |
|
|
|
2,250 |
Profit and loss account |
|
|
|
|
248,098 |
|
|
|
95,725 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
269,848 |
|
|
|
117,475 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
05 August 2024
, and are signed on behalf of the board by:
John Southall
Director
Company registration number:
02518452
Agility Risk & Compliance Limited
Notes to the financial statements
Period ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in . The address of the registered office and business is 16 Sharmans Cross Road, Solihull, West Midlands, B91 1RG.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.The accounts are rounded to the nearest £1.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Plant and machinery |
- |
33 % |
straight line |
|
Fittings fixtures and equipment |
- |
33 % |
straight line |
|
Computers |
- |
33 % |
straight line |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Loan and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at present value.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
2
(2022:
10
).
5.
Intangible assets
|
|
Goodwill |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At and 31 March 2024 |
208,264 |
208,264 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At and 31 March 2024 |
208,264 |
208,264 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 March 2024 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 December 2022 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
6.
Tangible assets
|
|
Plant and machinery |
Fixtures, fittings and equipment |
Computers |
Total |
|
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At and 31 March 2024 |
25,824 |
68,743 |
66,212 |
160,779 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At and 31 March 2024 |
25,824 |
68,743 |
66,212 |
160,779 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 March 2024 |
- |
- |
- |
- |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 December 2022 |
- |
- |
- |
- |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
7.
Investments
|
|
Shares in group undertakings and participating interests |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At and 31 March 2024 |
130,250 |
130,250 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Impairment |
|
|
|
|
|
|
|
At and 31 March 2024 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 March 2024 |
130,250 |
130,250 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 December 2022 |
130,250 |
130,250 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
8.
Debtors
|
|
|
31/03/24 |
31/12/22 |
|
|
|
£ |
£ |
|
Trade debtors |
|
- |
110,675 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
106,306 |
7,660 |
|
Other debtors |
|
- |
7,838 |
|
|
|
_______ |
_______ |
|
|
|
106,306 |
126,173 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Creditors: amounts falling due within one year
|
|
|
31/03/24 |
31/12/22 |
|
|
|
£ |
£ |
|
Trade creditors |
|
- |
8,972 |
|
Corporation tax |
|
48,718 |
29,742 |
|
Social security and other taxes |
|
- |
37,090 |
|
Other creditors |
|
- |
127,135 |
|
|
|
_______ |
_______ |
|
|
|
48,718 |
202,939 |
|
|
|
_______ |
_______ |
|
|
|
|
|
10.
Called up share capital
Issued, called up and fully paid
|
|
|
31/03/24 |
|
|
|
31/12/22 |
|
|
|
|
|
No |
|
£ |
|
No |
|
£ |
|
Ordinary Shares shares of £
1.00 each |
|
19,500 |
|
19,500 |
|
19,500 |
|
19,500 |
|
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
|
|
|
|
|
|
|
|
|
|
11.
Controlling party
The ultimate controlling party is Opus Safety Limited which holds 100% of the shares
.