Registered number
14513719
AG Cyber Ltd
Filleted Accounts
30 November 2024
AG Cyber Ltd
Registered number: 14513719
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 19,200 21,600
Tangible assets 4 23,400 11,920
42,600 33,520
Current assets
Debtors 5 2,579 449
Cash at bank and in hand 11,121 7,820
13,700 8,269
Creditors: amounts falling due within one year 6 (20,472) (14,416)
Net current liabilities (6,772) (6,147)
Net assets 35,828 27,373
Capital and reserves
Called up share capital 2 2
Profit and loss account 35,826 27,371
Shareholder's funds 35,828 27,373
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Armstrong-Godwin
Director
Approved by the board on 31 December 2024
AG Cyber Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2023 24,000
At 30 November 2024 24,000
Amortisation
At 1 December 2023 2,400
Provided during the year 2,400
At 30 November 2024 4,800
Net book value
At 30 November 2024 19,200
At 30 November 2023 21,600
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Office equipment
£
Cost
At 1 December 2023 14,903
Additions 18,074
At 30 November 2024 32,977
Depreciation
At 1 December 2023 2,983
Charge for the year 6,594
At 30 November 2024 9,577
Net book value
At 30 November 2024 23,400
At 30 November 2023 11,920
5 Debtors 2024 2023
£ £
Other debtors 2,579 449
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 17,882 11,826
Other creditors 2,590 2,590
20,472 14,416
7 Controlling party
The company is controlled by the director.
8 Other information
AG Cyber Ltd is a private company limited by shares and incorporated in England. Its registered office is:
New Court
The Steadings Business Centre
Maisemore
Glos
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