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COMPANY REGISTRATION NUMBER:
06977664
AGENT COMMUNICATIONS LIMITED |
|
UNAUDITED FINANCIAL STATEMENTS |
|
AGENT COMMUNICATIONS LIMITED |
|
YEAR ENDED 31 DECEMBER 2023
Officers and professional advisers
1
Directors' report
2
Chartered accountants report to the board of directors on the
preparation of the unaudited statutory financial statements
3
Profit and loss account
4
Balance sheet
5
Notes to the financial statements
6 to 8
AGENT COMMUNICATIONS LIMITED |
|
OFFICERS AND PROFESSIONAL ADVISERS |
|
The board of directors |
P A Baxter |
|
J W Davies |
|
|
Registered office |
Beswick House |
|
Green Fold Way |
|
Leigh |
|
Greater Manchester |
|
England |
|
WN7 3XT |
|
|
Accountants |
Wheawill & Sudworth Limited |
|
Chartered Accountants |
|
35 Westgate |
|
Huddersfield |
|
HD1 1PA |
|
|
AGENT COMMUNICATIONS LIMITED |
|
YEAR ENDED 31 DECEMBER 2023
The directors present their report and the unaudited financial statements of the company for the year ended
31 December 2023
.
Principal activities
The principal activity of the company in the year was as a dormant non-trading holding company.
Directors
The directors who served the company during the year were as follows:
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
18 September 2024
and signed on behalf of the board by:
AGENT COMMUNICATIONS LIMITED |
|
CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF
AGENT COMMUNICATIONS LIMITED |
|
YEAR ENDED 31 DECEMBER 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Agent Communications Limited for the year ended 31 December 2023, which comprise the profit and loss account, 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 at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Agent Communications Limited, as a body, in accordance with the terms of our engagement letter dated ***Please fill in the Date of Engagement in field 9 of Client Database > Setup > Action Dates***. Our work has been undertaken solely to prepare for your approval the financial statements of Agent Communications Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Agent Communications Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Agent Communications 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 loss of Agent Communications Limited. You consider that Agent Communications 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 Agent Communications 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.
Wheawill & Sudworth Limited
Chartered Accountants
35 Westgate
Huddersfield
HD1 1PA
18 September 2024
AGENT COMMUNICATIONS LIMITED |
|
YEAR ENDED 31 DECEMBER 2023
Administrative expenses |
(
84) |
– |
|
------------ |
------------ |
Operating loss |
(
84) |
– |
|
|
|
|
------------ |
------------ |
Loss before taxation |
(
84) |
– |
|
|
|
Tax on loss |
– |
– |
|
------------ |
------------ |
Loss for the financial year and total comprehensive income |
(
84) |
– |
|
------------ |
------------ |
|
|
|
Retained earnings at the start of the year |
– |
– |
|
------------ |
------------ |
Retained losses at the end of the year |
(
84) |
– |
|
------------ |
------------ |
|
|
|
All the activities of the company are from continuing operations.
AGENT COMMUNICATIONS LIMITED |
|
31 December 2023
Fixed assets
Creditors: amounts falling due within one year |
5 |
(
83) |
(
83) |
|
------------ |
------------ |
Net current liabilities |
(
83) |
(
83) |
|
------------ |
------------ |
Total assets less current liabilities |
(
83) |
1 |
|
------------ |
------------ |
|
|
|
|
Capital and reserves
Called up share capital |
6 |
1 |
1 |
Profit and loss account |
(
84) |
– |
|
------------ |
------------ |
Shareholders (deficit)/funds |
(
83) |
1 |
|
------------ |
------------ |
|
|
|
|
These financial statements have been prepared 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'.
For the year ending 31 December 2023 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 year 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 were approved by the
board of directors
and authorised for issue on
18 September 2024
, and are signed on behalf of the board by:
Company registration number:
06977664
AGENT COMMUNICATIONS LIMITED |
|
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 31 DECEMBER 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Beswick House, Green Fold Way, Leigh, Greater Manchester, WN7 3XT, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
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.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Investments
|
Shares in group undertakings |
|
£ |
Cost |
|
At 1 January 2023 |
84 |
Disposals |
(
84) |
|
------------ |
At 31 December 2023 |
– |
|
------------ |
Impairment |
|
At 1 January 2023 and 31 December 2023 |
– |
|
------------ |
|
|
Carrying amount |
|
At 31 December 2023 |
– |
|
------------ |
At 31 December 2022 |
84 |
|
------------ |
|
|
5.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Amounts owed to group undertakings |
83 |
83 |
|
------------ |
------------ |
|
|
|
6.
Called up share capital
Issued, called up and fully paid
|
2023 |
2022 |
|
No. |
£ |
No. |
£ |
Ordinary shares of £ 1 each |
1 |
1 |
1 |
1 |
|
------------ |
------------ |
------------ |
------------ |
|
|
|
|
|
7.
Related party transactions
Included in creditors is a loan from the parent company, Corporate Telecommunications Limited, of £83 (2022: £83). This loan is unsecured, repayable on demand and currently interest free.
8.
Controlling party
The company is a wholly-owned subsidiary of Corporate Telecommunications (UK) Limited. This company is controlled by
P A Baxter
.