Company Registration No. 14163376 (England and Wales)
Agyad Limited
Unaudited accounts
for the year ended 30 June 2024
Agyad Limited
Unaudited accounts
Contents
Agyad Limited
Company Information
for the year ended 30 June 2024
Director
Mr Ahmed Ali Mohamed Arafa
Company Number
14163376 (England and Wales)
Registered Office
5 Ross Avenue
Whitefield
Manchester
Lancashire
M45 7FH
England
Accountants
Fabaci Financial Ltd
30 Ebbett Court
Victoria Road
London
W3 6BW
Agyad Limited
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
646
10,318
Creditors: amounts falling due within one year
(18,110)
(14,667)
Net current liabilities
(17,464)
(4,349)
Net liabilities
(17,464)
(4,349)
Called up share capital
100
1
Profit and loss account
(17,564)
(4,350)
Shareholders' funds
(17,464)
(4,349)
For the year ending 30 June 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 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 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 and authorised for issue on 24 April 2025 and were signed on its behalf by
Mr Ahmed Ali Mohamed Arafa
Director
Company Registration No. 14163376
Agyad Limited
Notes to the Accounts
for the year ended 30 June 2024
Agyad Limited is a private company, limited by shares, registered in England and Wales, registration number 14163376. The registered office is 5 Ross Avenue, Whitefield, Manchester, Lancashire, M45 7FH, England. The principal place of business is Unit 2, 2nd Floor, 24 Broughton Street, Manchester, Lancashire, M8 8NN, England.
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.
The accounts are presented in GBP sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Inventories have been valued at the lower 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.
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.
4
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
819
Loans from directors
17,460
12,836
Agyad Limited
Notes to the Accounts
for the year ended 30 June 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
1
Shares issued during the period:
99 Ordinary shares of £1 each
99
6
Average number of employees
During the year the average number of employees was 1 (2023: 2).