4 3 Agent Hybrid Limited 10425775 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is estate agency services & property management. Digita Accounts Production Advanced 6.30.9574.0 true false true 10425775 2023-11-01 2024-10-31 10425775 2024-10-31 10425775 bus:OrdinaryShareClass1 2024-10-31 10425775 core:CurrentFinancialInstruments 2024-10-31 10425775 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 10425775 core:Non-currentFinancialInstruments 2024-10-31 10425775 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 10425775 core:OtherResidualIntangibleAssets 2024-10-31 10425775 core:FurnitureFittingsToolsEquipment 2024-10-31 10425775 core:OtherPropertyPlantEquipment 2024-10-31 10425775 bus:SmallEntities 2023-11-01 2024-10-31 10425775 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 10425775 bus:FilletedAccounts 2023-11-01 2024-10-31 10425775 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 10425775 bus:RegisteredOffice 2023-11-01 2024-10-31 10425775 bus:Director1 2023-11-01 2024-10-31 10425775 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 10425775 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10425775 core:IntangibleAssetsOtherThanGoodwill 2023-11-01 2024-10-31 10425775 core:OtherResidualIntangibleAssets 2023-11-01 2024-10-31 10425775 core:FurnitureFittings 2023-11-01 2024-10-31 10425775 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 10425775 core:OfficeEquipment 2023-11-01 2024-10-31 10425775 core:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 10425775 core:PlantMachinery 2023-11-01 2024-10-31 10425775 1 2023-11-01 2024-10-31 10425775 countries:England 2023-11-01 2024-10-31 10425775 2023-10-31 10425775 core:OtherResidualIntangibleAssets 2023-10-31 10425775 core:FurnitureFittingsToolsEquipment 2023-10-31 10425775 core:OtherPropertyPlantEquipment 2023-10-31 10425775 2022-11-01 2023-10-31 10425775 2023-10-31 10425775 bus:OrdinaryShareClass1 2023-10-31 10425775 core:CurrentFinancialInstruments 2023-10-31 10425775 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 10425775 core:Non-currentFinancialInstruments 2023-10-31 10425775 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 10425775 core:FurnitureFittingsToolsEquipment 2023-10-31 10425775 core:OtherPropertyPlantEquipment 2023-10-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 10425775

Agent Hybrid Limited

trading as Agent Hybrid

Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Agent Hybrid Limited

trading as Agent Hybrid

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Agent Hybrid Limited

trading as Agent Hybrid

(Registration number: 10425775)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

39,474

-

Tangible assets

5

8,592

11,258

 

48,066

11,258

Current assets

 

Debtors

6

36,418

42,325

Cash at bank and in hand

 

94,357

127,768

 

130,775

170,093

Creditors: Amounts falling due within one year

7

(76,435)

(68,890)

Net current assets

 

54,340

101,203

Total assets less current liabilities

 

102,406

112,461

Creditors: Amounts falling due after more than one year

7

(6,667)

(16,667)

Provisions for liabilities

(1,632)

(2,139)

Net assets

 

94,107

93,655

Capital and reserves

 

Called up share capital

1

1

Retained earnings

94,106

93,654

Shareholders' funds

 

94,107

93,655

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 February 2025
 

 

Agent Hybrid Limited

trading as Agent Hybrid

(Registration number: 10425775)
Balance Sheet as at 31 October 2024

.........................................
Mr A M Bridge
Director

 

Agent Hybrid Limited

trading as Agent Hybrid

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
57 High Street
Stevenage
Hertfordshire
SG1 3AQ
England

These financial statements were authorised for issue by the director on 11 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Agent Hybrid Limited

trading as Agent Hybrid

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% Reducing balance

Plant and machinery

20% Reducing balance

Furniture and fittings

25% Reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life. Amortisation is only provided when the asset has been in the company for the whole year. The amortisation rate is as follows:

Asset class

Amortisation method and rate

Customer lists

5 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

 

Agent Hybrid Limited

trading as Agent Hybrid

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 3).

 

Agent Hybrid Limited

trading as Agent Hybrid

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 November 2023

140,600

140,600

Additions acquired separately

49,342

49,342

At 31 October 2024

189,942

189,942

Amortisation

At 1 November 2023

140,600

140,600

Amortisation charge

9,868

9,868

At 31 October 2024

150,468

150,468

Carrying amount

At 31 October 2024

39,474

39,474

The above addition relates to the customer list and is recorded at cost.

5

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 November 2023

25,241

9,362

34,603

At 31 October 2024

25,241

9,362

34,603

Depreciation

At 1 November 2023

16,938

6,407

23,345

Charge for the year

2,075

591

2,666

At 31 October 2024

19,013

6,998

26,011

Carrying amount

At 31 October 2024

6,228

2,364

8,592

At 31 October 2023

8,303

2,955

11,258

 

Agent Hybrid Limited

trading as Agent Hybrid

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

6

Debtors

Current

2024
£

2023
£

Prepayments

3,100

15,000

Other debtors

33,318

27,325

 

36,418

42,325

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

12

10,000

10,000

Taxation and social security

 

42,033

36,641

Accruals and deferred income

 

1,660

1,634

Other creditors

 

22,742

20,615

 

76,435

68,890

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

12

6,667

16,667

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary share of £1 each

1

1

1

1

         
 

Agent Hybrid Limited

trading as Agent Hybrid

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

9

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of 66,358.84 (2023 - 53,000.00) per each Ordinary

66,359

53,000

 

 

10

Related party transactions

Other transactions with the director

At the company year end the director owed the company £23,716.79 (2023 : £13,196.51). This amount will be repaid within 9 months of the company year end.

11

Controlling party

The ultimate controlling party is Ashley Bridge as Director and shareholder of the parent holding company Oakden Holdings Limited.

12

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

6,667

16,667

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

10,000