REGISTERED NUMBER: 12330113 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

ARGON INTERNATIONAL SOLUTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M S Bhagrath

Mr B C A Hawkins

Mr C L Qirem

REGISTERED OFFICE:

4th Floor Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

REGISTERED NUMBER:

12330113 (England and Wales)

ACCOUNTANTS:

Total Back Office Solutions Limited

4th Floor Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

FIXED ASSETS

Tangible assets

4

6,812

4,400

CURRENT ASSETS

Debtors

5

4,179,624

3,246,844

Cash at bank and in hand

550,335

253,806

4,729,959

3,500,650

CREDITORS

Amounts falling due within one year

6

(3,607,540

)

(2,997,401

)

NET CURRENT ASSETS

1,122,419

503,249

TOTAL ASSETS LESS CURRENT LIABILITIES

1,129,231

507,649

CREDITORS

Amounts falling due after more than one year

7

(4,167

)

(14,167

)

PROVISIONS FOR LIABILITIES

(1,703

)

(1,035

)

NET ASSETS

1,123,361

492,447

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

1,123,351

492,437

1,123,361

492,447

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 directors acknowledge their 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 Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

Mr B C A Hawkins - Director

1.	STATUTORY INFORMATION

Argon International Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

33% on cost

Hire purchase and leasing commitments

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

11,184

Additions

6,800

At 31 December 2024

17,984

DEPRECIATION

At 1 January 2024

6,784

Charge for year

4,388

At 31 December 2024

11,172

NET BOOK VALUE

At 31 December 2024

6,812

At 31 December 2023

4,400

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

3,607,369

2,952,256

Other debtors

53,059

25,393

3,660,428

2,977,649

Amounts falling due after more than one year:

Amounts owed by group undertakings

519,196

269,195

Aggregate amounts

4,179,624

3,246,844

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

103,847

892,617

Corporation Tax

438,479

133,748

PAYE/NI

46,111

38,901

VAT

165,581

125,818

Other Creditors

2,853,522

1,806,317

3,607,540

2,997,401

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

4,167

14,167

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Other Loans

2,290,013

1,521,553

Santander UK PLC hold a debenture dated 7 September 2021 creating a fixed charge on certain assets and a floating charge on the remaining assets of the company and in particular incorporating a charge on all book debts or other debts now and in the future owing to the company.

9.	CONTROLLING PARTY

The company's ultimate parent undertaking is Argon International Solutions Holdings Limited (14975723), a company registered in England and Wales.

There is no ultimate controlling party