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REGISTERED NUMBER: 07386428 (England and Wales)










Unaudited Financial Statements

FOR THE PERIOD

1 October 2022 to 30 November 2023

for

AGUILA SOLUTIONS LIMITED

AGUILA SOLUTIONS LIMITED (REGISTERED NUMBER: 07386428)






Contents of the Financial Statements
FOR THE PERIOD 1 OCTOBER 2022 TO 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AGUILA SOLUTIONS LIMITED

Company Information
FOR THE PERIOD 1 OCTOBER 2022 TO 30 NOVEMBER 2023







DIRECTOR: Mr S Graves





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 07386428 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

AGUILA SOLUTIONS LIMITED (REGISTERED NUMBER: 07386428)

Balance Sheet
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 19,516 24,395
19,516 24,395

CURRENT ASSETS
Inventories 10,000 10,000
Debtors 6 21,633 1,015
Cash in hand - 1,351
31,633 12,366
CREDITORS
Amounts falling due within one year 7 34,607 37,046
NET CURRENT LIABILITIES (2,974 ) (24,680 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,542

(285

)

CREDITORS
Amounts falling due after more than one year 8 (161,821 ) (159,895 )

PROVISIONS FOR LIABILITIES (2,261 ) (3,000 )
NET LIABILITIES (147,540 ) (163,180 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve - 32,076
Retained earnings (147,640 ) (195,356 )
SHAREHOLDERS' FUNDS (147,540 ) (163,180 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

AGUILA SOLUTIONS LIMITED (REGISTERED NUMBER: 07386428)

Balance Sheet - continued
30 NOVEMBER 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 director and authorised for issue on 21 November 2024 and were signed by:





Mr S Graves - Director


AGUILA SOLUTIONS LIMITED (REGISTERED NUMBER: 07386428)

Notes to the Financial Statements
FOR THE PERIOD 1 OCTOBER 2022 TO 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Aguila Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis as the director is satisfied that the company will have adequate resources to meet it's liabilities to third parties as they fall due. The officers of the company will continue to finance the company as and when required.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant & equipment
Property, plant and equipment is stated at cost less accumulated depreciation and accumulated impairment losses. Such cost included costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less their estimated residual value over their expected useful lives, on the following basis:

Plant and machinery 20% reducing balance basis
Motor vehicles20% reducing balance basis
Computer equipment20% reducing balance basis

The carrying values of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

The entity has adopted policy of reevaluating plant and machinery, which is depreciated.

Inventory
Inventories have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, 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 financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.


AGUILA SOLUTIONS LIMITED (REGISTERED NUMBER: 07386428)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 November 2023 22,350
AMORTISATION
At 1 October 2022
and 30 November 2023 22,350
NET BOOK VALUE
At 30 November 2023 -
At 30 September 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022
and 30 November 2023 131,017 43,281 2,986 177,284
DEPRECIATION
At 1 October 2022 121,004 29,104 2,781 152,889
Charge for period 2,003 2,835 41 4,879
At 30 November 2023 123,007 31,939 2,822 157,768
NET BOOK VALUE
At 30 November 2023 8,010 11,342 164 19,516
At 30 September 2022 10,013 14,177 205 24,395

AGUILA SOLUTIONS LIMITED (REGISTERED NUMBER: 07386428)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 30 NOVEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,603 -
Other debtors 2,030 1,015
21,633 1,015

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 19,952 16,146
Trade creditors 9,733 7,570
Taxation and social security 670 2,798
Other creditors 4,252 10,532
34,607 37,046

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 25,473 30,556
Other creditors 136,348 129,339
161,821 159,895

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,256 12,874

9. RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due after more than one year, is an amount of £136,348 (2022: £129,339 ) due to the director of the company.
This loan is interest free and repayable on demand.