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REGISTERED NUMBER: 08235871 (England and Wales)















Advanced Global Ideas UK Limited

Unaudited Financial Statements

for the Year Ended 29 February 2024






Advanced Global Ideas UK Limited (Registered number: 08235871)

Contents of the Financial Statements
for the year ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Advanced Global Ideas UK Limited

Company Information
for the year ended 29 February 2024







Directors: Ms Y Lam
Mr A Akhtar





Registered office: Mitchells Farm
The Lords Barn
London Road
Stapleford Tawney
Essex
RM4 1SP





Registered number: 08235871 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Advanced Global Ideas UK Limited (Registered number: 08235871)

Balance Sheet
29 February 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 44,117 27,922

Current assets
Stocks - 2,474
Debtors 5 2,639,460 1,627,410
Cash at bank 272,748 689,729
2,912,208 2,319,613
Creditors
Amounts falling due within one year 6 872,790 713,403
Net current assets 2,039,418 1,606,210
Total assets less current liabilities 2,083,535 1,634,132

Creditors
Amounts falling due after more than one
year

7

(94,713

)

(145,039

)

Provisions for liabilities (7,763 ) (3,880 )
Net assets 1,981,059 1,485,213

Capital and reserves
Called up share capital 9 100 100
Retained earnings 1,980,959 1,485,113
Shareholders' funds 1,981,059 1,485,213

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

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 Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:




Mr A Akhtar - Director


Advanced Global Ideas UK Limited (Registered number: 08235871)

Notes to the Financial Statements
for the year ended 29 February 2024


1. Statutory information

Advanced Global Ideas UK 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The company meets its day to day working capital requirements through the support of the directors and
shareholders of the company. On this basis, the directors and shareholders consider it appropriate to prepare
the financial statements on the going concern basis.

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.
Long leasehold - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

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 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.

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.

Leases
Rental income from operating leases is recognised on a straight line basis over the term of the relevant
lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying
amount of the leased asset and recognised on a straight line basis over the lease term.

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.

3. Employees and directors

The average number of employees during the year was 6 (2023 - 6 ) .

Advanced Global Ideas UK Limited (Registered number: 08235871)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


4. Tangible fixed assets
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£ £ £ £ £
Cost
At 1 March 2023 30,000 10,000 114,825 37,665 192,490
Additions - 21,940 1,017 15,700 38,657
At 29 February 2024 30,000 31,940 115,842 53,365 231,147
Depreciation
At 1 March 2023 27,500 2,500 112,814 21,754 164,568
Charge for year 2,500 7,985 1,698 10,279 22,462
At 29 February 2024 30,000 10,485 114,512 32,033 187,030
Net book value
At 29 February 2024 - 21,455 1,330 21,332 44,117
At 28 February 2023 2,500 7,500 2,011 15,911 27,922

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 111,571 259,725
Other debtors 2,527,889 1,367,685
2,639,460 1,627,410

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 51,249 51,249
Trade creditors 53,600 47,592
Taxation and social security 214,991 151,430
Other creditors 552,950 463,132
872,790 713,403

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 94,713 145,039

8. Secured debts

The bank have secured a fixed and floating charge which covers all property or undertaking of the company.

Advanced Global Ideas UK Limited (Registered number: 08235871)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
75 Ordinary-A shares £1 75 75
25 Ordinary-B shares £1 25 25
100 100

10. Related party disclosures

Included within other creditors is £474,433 (2023: £398,521) owed to the company directors.

Included within other debtors is £2,517,180 (2023: £1,357,023) owed by a connected company.