Registration number: 12094154

Agate Foods Limited

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 5

Agate Foods Limited

Company Information

Director

Mr F M Ferge

Registered office

27 Old Gloucester Street London WC1N 3AX

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Agate Foods Limited

Statement of Financial Position as at 31 July 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	-	1,095
Current assets
Debtors	5	100	100
Cash at bank and in hand		360	26
		460	126
Creditors: Amounts falling due within one year	6	(48,465)	(53,265)
Net current liabilities		(48,005)	(53,139)
Net liabilities		(48,005)	(52,044)
Capital and reserves
Called up share capital		100	100
Retained earnings		(48,105)	(52,144)
Shareholders' deficit		(48,005)	(52,044)

For the financial year ending 31 July 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The director has elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, section 444.

Approved and authorised by the director on 13 June 2025
 

.........................................

Mr F M Ferge

Director

Company registration number: 12094154

Agate Foods Limited

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

1	General information

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

The address of its registered office is:
27 Old Gloucester Street
London
WC1N 3AX

The principal activity of the company is the preparation and retail of food to commercial offices

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company made a profit for the year but had net liabilities of £48,005 at the year end, which is funded by a loan from the director.

After making enquires, the director has a reasonable expectation that the company has continued access to adequate resources to continue in operational existence for the foreseeable future. As such, the director remains confident that the company will continue to meet all its financial obligations as and when they fall due. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for delivery of food products. Turnover is shown net of value added tax, discounts and rebates and is recognised on the delivery of the products to customers.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

Agate Foods Limited

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

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
Plant and equipment	3 years straight line
Motor vehicles	3 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).

4	Tangible assets

	Motor vehicles  £	Plant and equipment £	Total £
Cost or valuation
At 1 August 2023	13,000	2,417	15,417
Disposals	(13,000)	-	(13,000)
At 31 July 2024	-	2,417	2,417
Depreciation
At 1 August 2023	11,905	2,417	14,322
Charge for the year	1,095	-	1,095
Eliminated on disposal	(13,000)	-	(13,000)
At 31 July 2024	-	2,417	2,417
Carrying amount
At 31 July 2024	-	-	-
At 31 July 2023	1,095	-	1,095

Agate Foods Limited

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

5

Debtors

	2024 £	2023 £
Other debtors	100	100
	100	100

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Other creditors	48,465	53,265