REGISTERED NUMBER: SC311218 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Agenor Technology Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Andrew John Smith

REGISTERED OFFICE:

41 Charlotte Square

Edinburgh

EH2 4HQ

REGISTERED NUMBER:

SC311218 (Scotland)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Property, plant and equipment

5

36,554

45,692

Investments

6

-

1

36,554

45,693

CURRENT ASSETS

Debtors

7

169,905

223,772

Cash at bank

223,987

28,407

393,892

252,179

CREDITORS

Amounts falling due within one year

8

337,688

235,848

NET CURRENT ASSETS

56,204

16,331

TOTAL ASSETS LESS CURRENT LIABILITIES

92,758

62,024

CREDITORS

Amounts falling due after more than one year

9

(27,500

)

(57,500

)

PROVISIONS FOR LIABILITIES

(15,000

)

(8,500

)

NET ASSETS/(LIABILITIES)

50,258

(3,976

)

CAPITAL AND RESERVES

Called up share capital

13

13

Share premium

151,261

151,261

Retained earnings

(101,016

)

(155,250

)

50,258

(3,976

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 10 September 2025 and were signed by:

Mr Andrew John Smith - Director

1.	STATUTORY INFORMATION

Agenor Technology Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

The directors have considered the company's financial position for a period of 12 months from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. In accordance with the principles of revenue recognition, income is recognised as the right to consideration obtained through performance of contractual obligations.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

20% on reducing balance

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to

the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 37 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

142,077

DEPRECIATION

At 1 January 2024

96,385

Charge for year

9,138

At 31 December 2024

105,523

NET BOOK VALUE

At 31 December 2024

36,554

At 31 December 2023

45,692

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

1

Disposals

(1

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

1

7.

DEBTORS

31/12/24

31/12/23

£

£

Amounts falling due within one year:

Trade debtors

36,360

138,054

Amounts owed by group undertakings

-

23,327

Amounts owed by associates

2,172

3,650

Other debtors

68,605

58,741

107,137

223,772

Amounts falling due after more than one year:

Other debtors

62,768

-

Aggregate amounts

169,905

223,772

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

30,000

30,000

Trade creditors

28,646

21,201

Amounts owed to group undertakings

329

330

Taxation and social security

141,690

161,958

Other creditors

137,023

22,359

337,688

235,848

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans

27,500

57,500

10.	SECURED DEBTS

The Royal Bank of Scotland PLC and RBS Invoice Finance Ltd have a bond and floating charge over the undertaking and all property and assets.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Agenor Technology Holdings Ltd.