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REGISTERED NUMBER: 09935769 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

AGSENZE LTD

AGSENZE LTD (REGISTERED NUMBER: 09935769)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AGSENZE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr J C Theobald
Mr M C Dobbs
Mr P A Koffman
Mr A W P Cooper
Mr P N Ranson





REGISTERED OFFICE: Unit 3.3.6, Storey House
White Cross Business Park
South Road
Lancaster
Lancashire
LA1 4XQ





REGISTERED NUMBER: 09935769 (England and Wales)





ACCOUNTANTS: Horsham Accountancy Services Ltd
Littlehaven House
24-26 Littlehaven Lane
Horsham
West Sussex
RH12 4HT

AGSENZE LTD (REGISTERED NUMBER: 09935769)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 84,404 168,807
Tangible assets 5 81,837 20,782
166,241 189,589

CURRENT ASSETS
Stocks 70,725 86,638
Debtors 6 178,698 173,641
Cash at bank 3,145,403 61,137
3,394,826 321,416
CREDITORS
Amounts falling due within one year 7 253,316 197,220
NET CURRENT ASSETS 3,141,510 124,196
TOTAL ASSETS LESS CURRENT LIABILITIES 3,307,751 313,785

CREDITORS
Amounts falling due after more than one year 8 118,922 39,410
NET ASSETS 3,188,829 274,375

CAPITAL AND RESERVES
Called up share capital 7 4
Share premium 5,158,793 1,058,796
Retained earnings (1,969,971 ) (784,425 )
3,188,829 274,375

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

AGSENZE LTD (REGISTERED NUMBER: 09935769)

BALANCE SHEET - continued
31 DECEMBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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




Mr M C Dobbs - Director



Mr P N Ranson - Director


AGSENZE LTD (REGISTERED NUMBER: 09935769)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Agsenze Ltd 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.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Research and development
Expenditure on research is written off in the year in which it is incurred.

Expenditure on development is capitalised as an intangible asset under the following conditions:

(a) The technical feasibility of completing the development so that it is available for sale;
(b) The intention to complete the intangible asset and to sell it;
(c) The assessment that the intangible asset will generate future economic benefits and the existence of a market;
(d) The ability to measure reliably the expenditure attributable to the intangible asset during its development.

Pension costs and other post-retirement benefits
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 9 ) .

AGSENZE LTD (REGISTERED NUMBER: 09935769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 168,807
AMORTISATION
Charge for year 84,403
At 31 December 2023 84,403
NET BOOK VALUE
At 31 December 2023 84,404
At 31 December 2022 168,807

The intangible assets comprise development costs being amortised over an estimated useful life of 24 months.

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 27,583
Additions 76,916
At 31 December 2023 104,499
DEPRECIATION
At 1 January 2023 6,801
Charge for year 15,861
At 31 December 2023 22,662
NET BOOK VALUE
At 31 December 2023 81,837
At 31 December 2022 20,782

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 31,310 29,580
Other debtors 147,388 144,061
178,698 173,641

AGSENZE LTD (REGISTERED NUMBER: 09935769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 36,999 94,928
Hire purchase contracts 21,600 5,125
Trade creditors 27,335 41,357
Taxation and social security 38,911 10,871
Other creditors 128,471 44,939
253,316 197,220

Included within Creditors are debts secured by a debenture over the assets of the Company. These amounted to £ 86,017 ( 22: £88,928).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 69,274 20,327
Hire purchase contracts 49,648 19,083
118,922 39,410