Company Registration No. 07246421 (England and Wales)
AEGUANA LTD
Unaudited accounts
for the year ended 31 March 2024
AEGUANA LTD
Unaudited accounts
Contents
AEGUANA LTD
Company Information
for the year ended 31 March 2024
Directors
Jason Vicente
Charalambos Palas
Johannes Lermann
Company Number
07246421 (England and Wales)
Registered Office
Unit 35, IO Centre
Armstrong Road
London
SE18 6RS
Accountants
AW Accountancy & Bookkeeping
Kingfisher House
21-23 Elmfield Road
Bromley
BR1 1LT
AEGUANA LTD
Statement of financial position
as at 31 March 2024
Tangible assets
616,358
9,581
Inventories
387,619
339,898
Debtors
1,674,490
1,347,301
Cash at bank and in hand
293,323
341,859
Creditors: amounts falling due within one year
(1,654,045)
(960,360)
Net current assets
701,387
1,068,698
Total assets less current liabilities
1,317,745
1,078,279
Creditors: amounts falling due after more than one year
(470,468)
(318,750)
Net assets
847,277
759,529
Called up share capital
92
92
Capital contribution reserve
1,400,000
-
Profit and loss account
(552,815)
759,437
Shareholders' funds
847,277
759,529
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by
Johannes Lermann
Director
Company Registration No. 07246421
AEGUANA LTD
Notes to the Accounts
for the year ended 31 March 2024
AEGUANA LTD is a private company, limited by shares, registered in England and Wales, registration number 07246421. The registered office is Unit 35, IO Centre, Armstrong Road, London, SE18 6RS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised in stages to ensure gross margins are commensurate throughout the production process. 50% of turnover is recognised upon goods starting manufacture with the remaining 50% recognised when manufacturing has been completed. Risks and rewards of ownership are only transferred to Customers upon delivery. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Fixtures & fittings
33% straight line
Computer equipment
33% straight line
Inventories have been valued at the higher of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
AEGUANA LTD
Notes to the Accounts
for the year ended 31 March 2024
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
4,219
-
14,973
19,192
Additions
11,727
481,920
134,713
628,360
Disposals
(1,110)
-
(1,291)
(2,401)
At 31 March 2024
14,836
481,920
148,395
645,151
At 1 April 2023
1,997
-
7,614
9,611
Charge for the year
2,365
3,265
15,953
21,583
On disposals
(1,110)
-
(1,291)
(2,401)
At 31 March 2024
3,252
3,265
22,276
28,793
At 31 March 2024
11,584
478,655
126,119
616,358
At 31 March 2023
2,222
-
7,359
9,581
Amounts falling due within one year
Trade debtors
456,315
452,818
Amounts due from group undertakings etc.
973,060
815,239
Accrued income and prepayments
134,334
64,574
Other debtors
110,781
14,670
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
39,505
39,585
Trade creditors
1,289,045
559,748
Taxes and social security
(54,217)
99,701
Other creditors
14,040
64,075
Deferred income
560,883
217,040
AEGUANA LTD
Notes to the Accounts
for the year ended 31 March 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
464,218
275,000
Analysis of the maturity of loans is given below:
Amounts falling due within one year:
Bank loans £37,500
Amounts falling due 1-2 years:
Bank loans £6,250
Allotted, called up and fully paid:
92 Ordinary shares of £1 each
92
92
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Transactions with related parties
All related party transactions during the and prior period, including key management personnel
compensation, were made under normal market conditions.
The company is a wholly owned subsidiary of Pagoda Group Limited, a company incorporated in England and Wales.
The ultimate controlling party of Pagoda Group Limited.
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Average number of employees
During the year the average number of employees was 27 (2023: 17).