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Registered number: 11194259
AGMK Capital Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Goldwyns London LLP
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—7
Page 1
Statement of Financial Position
Registered number: 11194259
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 450,208 502,629
Tangible Assets 5 1,408,465 1,128,050
1,858,673 1,630,679
CURRENT ASSETS
Stocks 6 51,480 1,365,625
Debtors 7 1,289,975 487,871
Cash at bank and in hand 150,696 84,930
1,492,151 1,938,426
Creditors: Amounts Falling Due Within One Year 8 (7,072,377 ) (4,307,468 )
NET CURRENT ASSETS (LIABILITIES) (5,580,226 ) (2,369,042 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,721,553 ) (738,363 )
Creditors: Amounts Falling Due After More Than One Year 9 (53,481 ) (51,843 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (150,176 ) (159,706 )
NET LIABILITIES (3,925,210 ) (949,912 )
CAPITAL AND RESERVES
Called up share capital 11 5,000 5,000
Share premium account 1,995,000 1,995,000
Income Statement (5,925,210 ) (2,949,912 )
SHAREHOLDERS' FUNDS (3,925,210) (949,912)
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For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 A Jamaludeen
Director
31/01/2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
AGMK Capital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11194259 . The registered office is 96 Wenodo Garden Suite, Brighton Road, Banstead, SM7 1BU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities -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 are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.

The principle accounting polices adopted are set below.
2.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged their financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Patents and licences are being amortised evenly over their estimated useful life of 15 years.
2.5. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold 10 Years
Plant & Machinery 25% Reducing Balance Method
Fixtures & Fittings 25% Reducing Balance Method
Computer Equipment 33% Straight Line Method
Tangible assets are initially recorded at cost and subsequently stated at cost less accumulated depreciation and impairment losses.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it related 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 statement of financial position date.

Deferred Tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
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2.8. Pensions
The company contributes direct to employee personal pension schemes. These amounts are recognised in the income statement as and when they are paid into the employees’ pension scheme.
2.9. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
Government Assistance
The company has received assistance in the form of a government backed loan (including Coronavirus Business Interruption Loan Scheme (CBILS),Coronavirus Large Business Interruption Loan Scheme (CLBILS), Bounce Back Loan Scheme (BBLS) and Future Fund Scheme) of which the outstanding balance as at the year end was £34,167. This is reported the current and long term liabilities of the balance sheet based on the allocation of payments due within 12 months and greater than 12 months.
2.10. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.11. Cash And Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.12. Critical Accounting Judgements And Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.

The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

Accrued Expenditure

The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 138 78
138 78
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4. Intangible Assets
Intellectual Property
£
Cost
As at 1 February 2023 732,366
As at 31 January 2024 732,366
Amortisation
As at 1 February 2023 229,737
Provided during the period 52,421
As at 31 January 2024 282,158
Net Book Value
As at 31 January 2024 450,208
As at 1 February 2023 502,629
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 424,680 1,035,730 266,652 20,401 1,747,463
Additions 535,443 18,738 2,850 - 557,031
As at 31 January 2024 960,123 1,054,468 269,502 20,401 2,304,494
Depreciation
As at 1 February 2023 80,347 413,018 115,425 10,623 619,413
Provided during the period 72,013 160,362 38,519 5,722 276,616
As at 31 January 2024 152,360 573,380 153,944 16,345 896,029
Net Book Value
As at 31 January 2024 807,763 481,088 115,558 4,056 1,408,465
As at 1 February 2023 344,333 622,712 151,227 9,778 1,128,050
6. Stocks
2024 2023
£ £
Finished goods 51,480 1,365,625
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 632,869 487,871
Prepayments and accrued income 191,134 -
Staff Loan 3,000 -
Abou Elias Ltd Seycelles - Loan A/c 12,965 -
Inter Company - Ems Albemarle Limited 450,007 -
1,289,975 487,871
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 38,529 143,953
Bank loans and overdrafts 10,000 10,000
Corporation tax 100 100
Other taxes and social security 273,713 234,119
VAT 575,044 412,671
Harrods Loan 6,715 -
Shareholders loan account - AMA F&B Ltd 1,731,955 1,571,970
Shareholders loan account - EPIC LLC 2,543,880 1,578,880
Time broker finance - 1 < 1 year 34,167 87,141
Time broker finance - 2 < 1 year 3,707 3,422
Pension 9,425 24,254
Orient Luxury - Loan A/c 1,187,366 -
Accruals and deferred income 598,770 161,512
Director's loan account 59,006 79,446
7,072,377 4,307,468
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 16,722 24,167
Time broker finance - 1 > 1 year 36,759 24,539
Time broker finance - 2 > 1 year - 3,137
53,481 51,843
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 February 2023 159,706 159,706
Deferred taxation (9,530 ) (9,530 )
Balance at 31 January 2024 150,176 150,176
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11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5,000 5,000
The nominal value per share is £1 and there are 5,000 Ordinary Shares in issue.
12. Related Party Transactions
As at the 31 January 2024, the Directors Loan Account balance of Mr Ahmed Jamaludeen is £59,006 which is a current liability, is interest free and repayable on demand.
As at the 31 January 2024, the Share Premium balance of Scoop Capital Ventures Ltd is £199,000.
As at the 31 January 2024, the Shareholders Loan Account balance of AMA F&B Ltd is £1,731,955, which is a current liability, is interest free and repayable on demand.
As at the 31 January 2024, the Share Premium balance of AMA F&B Ltd is £898,000.
As at the 31 January 2024, the Shareholders Loan Account balance of Eastern Professional Investment Company LLC is £2,543,880, which is a current liability, is interest free and repayable on demand.
As at the 31 January 2024, the Share Premium balance of Eastern Professional Investment Company LLC is £898,000.
As at the 31 January 2024, the Orient Luxury - Loan A/c balance is £1,187,366.
As at the 31 January 2024, the Intercomoany - Ems Albemarle Limited balance is £450,007.
As at the 31 January 2024, the Abou Elias Ltd Seycelles - Loan A/c balance is £12,965.
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