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REGISTERED NUMBER: 10151604 (England and Wales)












AGILITY AGRICULTURE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 26 OCTOBER 2023






AGILITY AGRICULTURE LIMITED (REGISTERED NUMBER: 10151604)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AGILITY AGRICULTURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 26 OCTOBER 2023







DIRECTORS: T R Hart
R C Hart





REGISTERED OFFICE: Unit 26
Hamble Yacht Services
Port Hamble
Hamble
Hampshire
SO31 4NN





REGISTERED NUMBER: 10151604 (England and Wales)

AGILITY AGRICULTURE LIMITED (REGISTERED NUMBER: 10151604)

BALANCE SHEET
26 OCTOBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 19,514 23,552

CURRENT ASSETS
Stocks 5,837 9,569
Debtors 5 113,516 118,990
Cash at bank 11,408 13,333
130,761 141,892
CREDITORS
Amounts falling due within one year 6 (178,730 ) (127,494 )
NET CURRENT (LIABILITIES)/ASSETS (47,969 ) 14,398
TOTAL ASSETS LESS CURRENT
LIABILITIES

(28,455

)

37,950

PROVISIONS FOR LIABILITIES - (5,888 )
NET (LIABILITIES)/ASSETS (28,455 ) 32,062

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (28,555 ) 31,962
(28,455 ) 32,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 26 October 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.

AGILITY AGRICULTURE LIMITED (REGISTERED NUMBER: 10151604)

BALANCE SHEET - continued
26 OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:





R C Hart - Director


AGILITY AGRICULTURE LIMITED (REGISTERED NUMBER: 10151604)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 OCTOBER 2023


1. STATUTORY INFORMATION

Agility Agriculture Limited 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

At the balance sheet date the company has net liabilities, and is dependent upon the support of its creditors to continue trading. The directors have indicated that this support will continue for a period of at least 12 months from the date of signing these financial statements, and as such the going concern basis has been used.

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 - Straight line over 5 years
Motor vehicles - 15% Reducing balance
Computer equipment - Straight line over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

AGILITY AGRICULTURE LIMITED (REGISTERED NUMBER: 10151604)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 26 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

AGILITY AGRICULTURE LIMITED (REGISTERED NUMBER: 10151604)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 26 OCTOBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 27 October 2022
and 26 October 2023 7,580 41,164 12,455 61,199
DEPRECIATION
At 27 October 2022 7,284 18,421 11,942 37,647
Charge for year 190 3,412 436 4,038
At 26 October 2023 7,474 21,833 12,378 41,685
NET BOOK VALUE
At 26 October 2023 106 19,331 77 19,514
At 26 October 2022 296 22,743 513 23,552

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 14,864 55,761
Other debtors 98,652 63,229
113,516 118,990

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 147,843 65,623
Taxation and social security 15,310 633
Other creditors 15,577 61,238
178,730 127,494

The invoice discounting facility is secured by way of a charge over the company's debtors.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, advances totalling £48,628 (2022: £nil) were made to the company's directors. £nil (2022: £nil) was repaid prior to the year-end. The balance outstanding at the year-end was £48,628 (2022: £nil). Interest was charged at the HMRC approved rate and the advances are repayable on demand.