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Registered number: 03030597














AGILE BUSINESS CONSORTIUM LIMITED
(A company limited by guarantee)
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024

 
AGILE BUSINESS CONSORTIUM LIMITED
  
(A company limited by guarantee)
REGISTERED NUMBER:03030597

BALANCE SHEET
AS AT 31 DECEMBER 2024

As restated
2024
2023
                                                              

FIXED ASSETS
  

Intangible assets
 4 
307,790
84,306

Tangible assets
 5 
29,956
22,002

Investments
 6 
1
1

  
337,747
106,309

CURRENT ASSETS
  

Stocks
 7 
-
35,528

Debtors: amounts falling due within one year
 8 
776,425
519,386

Cash at bank and in hand
  
1,388,970
2,753,604

  
2,165,395
3,308,518

Creditors: amounts falling due within one year
 9 
(289,455)
(186,211)

NET CURRENT ASSETS
  
 
 
1,875,940
 
 
3,122,307

TOTAL ASSETS LESS CURRENT LIABILITIES
  
2,213,687
3,228,616

  

NET ASSETS
  
£2,213,687
£3,228,616


CAPITAL AND RESERVES
  

Profit and loss account
  
2,213,687
3,228,616

  
£2,213,687
£3,228,616


Page 1

 
AGILE BUSINESS CONSORTIUM LIMITED
  
(A company limited by guarantee)
REGISTERED NUMBER:03030597

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



___________________________
Ms K J Taylor
Director

Date: 2 June 2025

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
AGILE BUSINESS CONSORTIUM LIMITED
 
(A company limited by guarantee)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Agile Business Consortium is a private company limited by guarantee and incorporated in England and Wales. The registered office of the company is Office G48, Regus Ashford, The Panorama, Park Street, Ashford, Kent, England, TN24 8EZ and the company registration number is 03030597.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
AGILE BUSINESS CONSORTIUM LIMITED
 
(A company limited by guarantee)
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
AGILE BUSINESS CONSORTIUM LIMITED
 
(A company limited by guarantee)
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
between 10% and 33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
AGILE BUSINESS CONSORTIUM LIMITED
 
(A company limited by guarantee)
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2023 - 17).

Page 6

 
AGILE BUSINESS CONSORTIUM LIMITED
 
(A company limited by guarantee)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets




Development expenditure
Patents and Trademarks
Total



Cost


At 1 January 2024
82,616
26,292
108,908


Additions
236,364
-
236,364



At 31 December 2024

318,980
26,292
345,272



Amortisation


At 1 January 2024
-
24,602
24,602


Charge for the year on owned assets
11,595
1,285
12,880



At 31 December 2024

11,595
25,887
37,482



Net book value



At 31 December 2024
£307,385
£405
£307,790



At 31 December 2023
£82,616
£1,690
£84,306



Page 7

 
AGILE BUSINESS CONSORTIUM LIMITED
 
(A company limited by guarantee)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Office equipment



Cost or valuation


At 1 January 2024
100,684


Additions
24,810



At 31 December 2024

125,494



Depreciation


At 1 January 2024
78,682


Charge for the year on owned assets
16,856



At 31 December 2024

95,538



Net book value



At 31 December 2024
£29,956



At 31 December 2023
£22,002


6.


Fixed asset investments





Investments in subsidiary companies



Cost or valuation


At 1 January 2024
1



At 31 December 2024
£1





7.


Stocks

2024
2023

Finished goods and goods for resale
£-
£35,528


Page 8

 
AGILE BUSINESS CONSORTIUM LIMITED
 
(A company limited by guarantee)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Debtors

2024
2023


Trade debtors
225,430
312,205

Amounts owed by group undertakings
545
-

Other debtors
2,850
7,394

Prepayments and accrued income
206,436
196,445

Deferred taxation
341,164
3,342

£776,425
£519,386



9.


Creditors: Amounts falling due within one year

As restated
2024
2023

Trade creditors
205,792
53,316

Other taxation and social security
43,810
95,332

Other creditors
7,253
2,921

Accruals and deferred income
32,600
34,642

£289,455
£186,211


Page 9

 
AGILE BUSINESS CONSORTIUM LIMITED
 
(A company limited by guarantee)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Deferred taxation




2024





At beginning of year
3,342


Charged to profit or loss
337,822



At end of year
£341,164

The deferred tax asset is made up as follows:

2024
2023


Accelerated capital allowances
(7,489)
(5,500)

Tax losses carried forward
£348,653
£8,842



11.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.


12.


Prior year adjustment

During the year ended 31 December 2024, it was determined that there was an misclassification of
development costs in the comparative financial year. The amount reclassified from cost of sales to
intangible assets in the prior period amounted to £82,616. This can be seen in Note 4 to the financial
statements. This increased profit for the financial year to 31 December 2023 to £57,491 from a loss of
£25,125.


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund.  The pension cost charge represents contributions payable by the Company to the fund and amounted to £36,929 (2023: £23,173). Contributions totalling £7,227 (2023: £807) were payable from the fund at the balance sheet date and are included in debtors.

Page 10

 
AGILE BUSINESS CONSORTIUM LIMITED
 
(A company limited by guarantee)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

14.


Related party transactions

Transactions
Balance 31/12/24
Transactions
Balance 31/12/23
Related party

Mr R J Campbell (resigned from director on 08/11/2024)

-

-

7,522
 
345
 
Ms K J Taylor

-

-

4,819
 
-
 
Agilospophy Limited - J C Wright

110,876

9,900

85,750
 
9,450
 
J C Wright

-

-

3,168
 
-
 
Agile Delta Consulting -  G J Lindsay

46,000

-

-
 
-
 
Coesmans Management - P Coesmans

-

-

6,534
 
-
 
P Coesmans

-

-

402
 
-
 
Ms M Lungu (resigned from director on 05/06/2024)

-

-

683
 
25
 
Ikigai Legal Ltd - K Withane

500

-

-
 
-
 

£157,376

£9,900

£108,878
 
£9,820
 

The services rendered were as follows:
Work packages - Agilospophy Limited - J C Wright, Ikigai Legal Ltd - K Withane and Agile Delta Consulting - G J Lindsay.
Additionally, the company received Professional/Associate membership fee from followings:
Mr G J Lindsay Nil (2023: £99), J W V Grant Nil (2023: £50) and Mr R J Campbell Nil (2023: £149).
 


15.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 3 June 2025 by Joshua Conlon FCCA (Senior statutory auditor) on behalf of Magee Gammon Corporate Limited.

Page 11