Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11982933 Mr Michael Ingall Mr Suresh Gorasia Mr James Keelan Manchester Quays Developments Eleven Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11982933 2022-12-31 11982933 2023-12-31 11982933 2023-01-01 2023-12-31 11982933 frs-core:CurrentFinancialInstruments 2023-12-31 11982933 frs-core:ComputerEquipment 2023-12-31 11982933 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11982933 frs-core:ComputerEquipment 2022-12-31 11982933 frs-core:MotorVehicles 2023-01-01 2023-12-31 11982933 frs-core:PlantMachinery 2023-12-31 11982933 frs-core:PlantMachinery 2023-01-01 2023-12-31 11982933 frs-core:PlantMachinery 2022-12-31 11982933 frs-core:ShareCapital 2023-12-31 11982933 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11982933 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11982933 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11982933 frs-bus:SmallEntities 2023-01-01 2023-12-31 11982933 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11982933 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11982933 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 11982933 frs-bus:OrdinaryShareClass1 2023-12-31 11982933 1 2023-01-01 2023-12-31 11982933 frs-bus:Director1 2023-01-01 2023-12-31 11982933 frs-bus:Director2 2023-01-01 2023-12-31 11982933 frs-bus:Director3 2023-01-01 2023-12-31 11982933 1 2023-01-01 2023-12-31 11982933 frs-countries:EnglandWales 2023-01-01 2023-12-31 11982933 2021-12-31 11982933 2022-12-31 11982933 2022-01-01 2022-12-31 11982933 frs-core:CurrentFinancialInstruments 2022-12-31 11982933 frs-core:ShareCapital 2022-12-31 11982933 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 11982933 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31 11982933 1 2022-01-01 2022-12-31
Registered number: 11982933
Agilis Lux (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 11982933
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,705 6,017
1,705 6,017
CURRENT ASSETS
Debtors 5 617,863 387,634
Cash at bank and in hand 21,629 294,723
639,492 682,357
Creditors: Amounts Falling Due Within One Year 6 (311,570 ) (490,825 )
NET CURRENT ASSETS (LIABILITIES) 327,922 191,532
TOTAL ASSETS LESS CURRENT LIABILITIES 329,627 197,549
NET ASSETS 329,627 197,549
CAPITAL AND RESERVES
Called up share capital 7 125 125
Income Statement 329,502 197,424
SHAREHOLDERS' FUNDS 329,627 197,549
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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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Suresh Gorasia
Director
5 July 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Agilis Lux (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11982933 . The registered office is C/O Allied London, Suite 1 Bonded Warehouse, 18 Lower Byrom Street, Manchester, Greater Manchester, M3 4AP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with the provisions of Financial Reporting Standard 102 section 1A small entities, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound. 
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies (see note 2.3).
2.2. Going Concern Disclosure
The directors have assessed the financial performance and note that as at 31 December 2023 the company had net assets of £329,627 (2022: £197,549) and made a profit after taxation for the financial year of £132,078 (2022: £102,147). Furthermore, the company had net current assets of £327,922, including a cash balance of £21,629 as at 31 December 2023.
Management has undertaken a thorough going concern review which has included forecasts from 12 months from signing date of the financial statements to ensure the company will continue to be able to meet its liabilities for the next year from the signing date of the accounts. The forecasts included some sensitivity on the income obtained, with expenditure being managed accordingly to maintain sufficient reserves. 
Therefore, the board considers that the company will be able to continue to trade as a going concern and meet its liabilities as they fall due.
2.3. Significant judgements and estimations
In preparing these financial statements, the directors consider that there are no significant judgements in applying the accounting policies. Nor are there any key sources of uncertainty.
2.4. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight line
Motor Vehicles 25% Straight line
Computer Equipment 25% Straight line
2.6. Financial Instruments
Financial assets
Financial assets, other than investments and derivatives, are initially measured at transaction price (including transaction costs) and subsequently held at cost, less any impairment.

Financial liabilities and equity
Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form. Financial liabilities, excluding convertible debt and derivatives, are initially measured at transaction price (including transaction costs) and subsequently held at amortised cost.
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2.7. Taxation
Deferred Taxation

Deferred balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except:

• The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;
• Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
• Where timing differences relate to interests in subsidiaries, associates, branches and joint ventures and the group can control their reversal and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax.

Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 9 -
Directors 3 3
12 3
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 - 25,784 25,784
Additions 456 866 1,322
As at 31 December 2023 456 26,650 27,106
Depreciation
As at 1 January 2023 - 19,767 19,767
Provided during the period - 5,634 5,634
As at 31 December 2023 - 25,401 25,401
Net Book Value
As at 31 December 2023 456 1,249 1,705
As at 1 January 2023 - 6,017 6,017
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 448,899 221,181
Prepayments and accrued income 76,324 116,773
Other debtors 25 8,284
Amounts owed by group undertakings 92,615 41,396
617,863 387,634
All amounts shown under debtors fall due for payment within one year.

The amounts due from group undertakings are repayable on demand and not interest bearing.
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 140,732 364,793
Corporation tax 44,268 23,961
Other creditors 113,193 60,562
Accruals and deferred income 13,377 16,509
Amounts owed to group undertakings - 25,000
311,570 490,825
The amounts due to group undertakings are repayable on demand and not interest bearing.
7. Share Capital
2023 2022
Allotted, called up and fully paid £ £
125 Ordinary Shares of £ 1.000 each 125 125
8. Financial Instruments
The Company considers that the fair value of cash and cash equivalents, loans, trade and other receivables, and trade and other payables are not materially different to their carrying value. There are no financial instruments recorded at fair value through profit and loss.
9. Related Party Transactions
The company has taken advantage of the exemption allowed by Financial Reporting Standard 102, "Related party disclosures" Section 33.1A not to disclose details of related party transactions with entities that are 100% owned members of the same group.
Alphabet Management Group Limited
Agilis Lux (UK) Limited and Alphabet Management Group Limited share common directors. The company owes £nil (2022: £25,000) to Alphabet Management Group Limited.
Axis Contractors Limited
Agilis Lux (UK) Limited and Axis Contractors Limited share common directors. The company is owed £92,515 by Axis Contractors Limited (2022: £41,283).
Manchester Quays Development Eleven Limited
Agilis Lux (UK) Limited and Manchester Quays Development Eleven Limited share common directors. The company is owed £100 (2022: £113) from Manchester Quays Development Eleven Limited.
10. Ultimate Controlling Party
The company's parent company is Manchester Quays Developments Eleven Limited , a company registered in England and Wales. The directors consider the ultimate controlling party to be M Ingall, who is also a director of the company.
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