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REGISTERED NUMBER: 04021968















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

AGAPI LTD

AGAPI LTD (REGISTERED NUMBER: 04021968)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AGAPI LTD

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: Dr A Grous





SECRETARY: K M Grous





REGISTERED OFFICE: 5 Beechcroft
Ashtead
KT21 2TY





REGISTERED NUMBER: 04021968





ACCOUNTANTS: A & N (Haslemere) Limited
Aruna House
2 Kings Road
Haslemere
Surrey
GU27 2QA

AGAPI LTD (REGISTERED NUMBER: 04021968)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 2,433 2,863

CURRENT ASSETS
Debtors 4 2,335 2,336
Cash at bank 6,544 5,889
8,879 8,225
CREDITORS
Amounts falling due within one year 5 10,256 1,589
NET CURRENT (LIABILITIES)/ASSETS (1,377 ) 6,636
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,056

9,499

PROVISIONS FOR LIABILITIES 462 544
NET ASSETS 594 8,955

CAPITAL AND RESERVES
Called up share capital 16 16
Retained earnings 578 8,939
SHAREHOLDERS' FUNDS 594 8,955

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 26 June 2025 and were signed by:




Dr A Grous - Director


AGAPI LTD (REGISTERED NUMBER: 04021968)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. 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 represents invoiced sales of services, net of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

AGAPI LTD (REGISTERED NUMBER: 04021968)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings Equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 7,492 9,764 17,256
DEPRECIATION
At 1 July 2023 4,629 9,764 14,393
Charge for year 430 - 430
At 30 June 2024 5,059 9,764 14,823
NET BOOK VALUE
At 30 June 2024 2,433 - 2,433
At 30 June 2023 2,863 - 2,863

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 2,335 2,336

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 10,256 1,589

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr A Grous.

There is no ultimate controlling party as the shares are equally held.