2 31/05/2023 31/05/2024 2024-05-31 false false false false false false false true false false true false false false true true true false No description of principal activities is disclosed 2023-05-31 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 14907153 2023-05-31 2024-05-31 14907153 2024-05-31 14907153 2023-05-30 14907153 bus:Director1 2023-05-31 2024-05-31 14907153 core:ShareCapital 2023-05-31 2024-05-31 14907153 core:RetainedEarningsAccumulatedLosses 2023-05-31 2024-05-31 14907153 core:WithinOneYear 2024-05-31 14907153 core:ShareCapital 2024-05-31 14907153 core:RetainedEarningsAccumulatedLosses 2024-05-31 14907153 core:PreviouslyStatedAmount core:ShareCapital 2024-05-31 14907153 bus:SmallEntities 2023-05-31 2024-05-31 14907153 bus:AuditExempt-NoAccountantsReport 2023-05-31 2024-05-31 14907153 bus:SmallCompaniesRegimeForAccounts 2023-05-31 2024-05-31 14907153 bus:PrivateLimitedCompanyLtd 2023-05-31 2024-05-31 14907153 bus:FullAccounts 2023-05-31 2024-05-31
Company registration number: 14907153
Agile Lozenge Ltd
Unaudited filleted financial statements
31 May 2024
Agile Lozenge Ltd
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Agile Lozenge Ltd
Statement of financial position
31 May 2024
31/05/24
Note £ £
Current assets
Debtors 5 370
Cash at bank and in hand 13,102
_______
13,472
Creditors: amounts falling due
within one year 6 ( 11,414)
_______
Net current assets 2,058
_______
Total assets less current liabilities 2,058
_______
Net assets 2,058
_______
Capital and reserves
Called up share capital 101
Profit and loss account 1,957
_______
Shareholders funds 2,058
_______
For the period ending 31 May 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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 09 October 2024 , and are signed on behalf of the board by:
Mr Laurence Wood
Director
Company registration number: 14907153
Agile Lozenge Ltd
Statement of changes in equity
Period ended 31 May 2024
Called up share capital Profit and loss account Total
£ £ £
At 31 May 2023 - - -
Profit for the period 37,957 37,957
_______ _______ _______
Total comprehensive income for the period - 37,957 37,957
Issue of shares 101 101
Dividends paid and payable ( 36,000) ( 36,000)
_______ _______ _______
Total investments by and distributions to owners 101 ( 36,000) ( 35,899)
_______ _______ _______
At 31 May 2024 101 1,957 2,058
_______ _______ _______
Agile Lozenge Ltd
Notes to the financial statements
Period ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Four Columns, Broughton Hall Business Park, Skipton, North Yorkshire, BD23 3AE.
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, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for the services rendered, net of discounts and Value Added Tax.Revenue from the provision of services is recognised in the period in which the services are provided when all of the following conditions are satisfied; the amount of revenue can be measured reliably; it is probable that the economic benefits associated with the transaction will flow to the entity; the stage of completion of the transaction at the end of the reporting period can be measured reliably and the costs incurred and costs to complete the transaction can be measured reliably.
Taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.Tax deferred or accelerated is accounted for in respect of all material timing differences, in particular accelerated capital allowances and revaluation gains on investment properties. All deferred tax is charged/(credited) to the Statement of Income and Retained Earnings.
Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
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.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2
5. Debtors
31/05/24
£
Other debtors 370
_______
6. Creditors: amounts falling due within one year
31/05/24
£
Corporation tax 9,224
Other creditors 2,190
_______
11,414
_______