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REGISTERED NUMBER: 10528770 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

AGILE SOFTWARE ENGINEERING LIMITED

AGILE SOFTWARE ENGINEERING LIMITED (REGISTERED NUMBER: 10528770)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AGILE SOFTWARE ENGINEERING LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: Dr S Chong
Mrs E S Chong





REGISTERED OFFICE: Bank Gallery
13 High Street
Kenilworth
Warwickshire
CV8 1LY





REGISTERED NUMBER: 10528770 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

AGILE SOFTWARE ENGINEERING LIMITED (REGISTERED NUMBER: 10528770)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,173 35,191

CURRENT ASSETS
Debtors 5 6,750 7,200
Cash at bank 57,679 55,907
64,429 63,107
CREDITORS
Amounts falling due within one year 6 30,874 20,616
NET CURRENT ASSETS 33,555 42,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,728

77,682

CREDITORS
Amounts falling due after more than one year 7 (4,303 ) (12,271 )

PROVISIONS FOR LIABILITIES (4,403 ) (6,686 )
NET ASSETS 48,022 58,725

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 47,922 58,625
SHAREHOLDERS' FUNDS 48,022 58,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

AGILE SOFTWARE ENGINEERING LIMITED (REGISTERED NUMBER: 10528770)

BALANCE SHEET - continued
31 December 2024


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 3 April 2025 and were signed on its behalf by:





Dr S Chong - Director


AGILE SOFTWARE ENGINEERING LIMITED (REGISTERED NUMBER: 10528770)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Agile Software Engineering 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

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 year 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.

AGILE SOFTWARE ENGINEERING LIMITED (REGISTERED NUMBER: 10528770)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company does not currently operate a defined contribution company scheme. Pension contributions are made into a personal scheme nominated by the director.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024
and 31 December 2024 256 412 44,630 3,762 49,060
DEPRECIATION
At 1 January 2024 256 412 11,158 2,043 13,869
Charge for year - - 11,158 860 12,018
At 31 December 2024 256 412 22,316 2,903 25,887
NET BOOK VALUE
At 31 December 2024 - - 22,314 859 23,173
At 31 December 2023 - - 33,472 1,719 35,191

AGILE SOFTWARE ENGINEERING LIMITED (REGISTERED NUMBER: 10528770)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024
and 31 December 2024 44,630
DEPRECIATION
At 1 January 2024 11,158
Charge for year 11,158
At 31 December 2024 22,316
NET BOOK VALUE
At 31 December 2024 22,314
At 31 December 2023 33,472

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,750 7,200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 7,968 7,118
Taxation and social security 19,937 9,696
Other creditors 2,969 3,802
30,874 20,616

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 4,303 12,271

AGILE SOFTWARE ENGINEERING LIMITED (REGISTERED NUMBER: 10528770)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 12,271 19,389

9. RELATED PARTY DISCLOSURES

At 31 December 2024 other creditors include loans made to the company by the directors amounting to £312 (2023 £1,262). The loans are interest free with no fixed date for repayment.

10. CONTROLLING PARTY

The controlling party is Dr S Chong.