AG Consultancy & Apps Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 06335830 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

AG CONSULTANCY & APPS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

F R R Maria Siluvai Raj

REGISTERED OFFICE:

9 Cedar Court

Birchington Road

Windsor

Berkshire

SL4 3QA

REGISTERED NUMBER:

06335830 (England and Wales)

ACCOUNTANTS:

N C Graves & Co

19 Oak Grove

Hertford

Hertfordshire

SG13 8AT

BANKERS:

HSBC Plc

Leicester Clock Tower

2-6 Gallowtree

Leicester

LE1 1DA

FIXED ASSETS

Intangible assets

4

1,445,000

1,670,000

Tangible assets

5

17,971

23,962

1,462,971

1,693,962

CURRENT ASSETS

Debtors

6

2,074,122

1,322,655

Cash at bank and in hand

480,252

468,934

2,554,374

1,791,589

CREDITORS

Amounts falling due within one year

7

2,569,505

1,204,607

NET CURRENT (LIABILITIES)/ASSETS

(15,131

)

586,982

TOTAL ASSETS LESS CURRENT

LIABILITIES

1,447,840

2,280,944

CREDITORS

Amounts falling due after more than one

year

8

(172,749

)

(381,795

)

PROVISIONS FOR LIABILITIES

(4,490

)

(5,990

)

NET ASSETS

1,270,601

1,893,159

CAPITAL AND RESERVES

Called up share capital

80

111

Share premium

474,989

-

Retained earnings

795,532

1,893,048

SHAREHOLDERS' FUNDS

1,270,601

1,893,159

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 29 September 2025 and were signed by:

F R R Maria Siluvai Raj - Director

1.	STATUTORY INFORMATION

AG Consultancy & Apps 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

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 32 (2023 - NIL ) .

The total average number of persons engaged by AG during the period (including UK permanent, India permanent

and UK contractors was 135 (2023 – 106).

4.	INTANGIBLE FIXED ASSETS

Development

Goodwill

costs

Totals

£

COST

At 1 January 2024

and 31 December 2024

25,000

2,250,000

2,275,000

AMORTISATION

At 1 January 2024

25,000

580,000

605,000

Amortisation for year

-

225,000

At 31 December 2024

25,000

805,000

830,000

NET BOOK VALUE

At 31 December 2024

-

1,445,000

At 31 December 2023

-

1,670,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

83,744

DEPRECIATION

At 1 January 2024

59,782

Charge for year

5,991

At 31 December 2024

65,773

NET BOOK VALUE

At 31 December 2024

17,971

At 31 December 2023

23,962

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

2,004,675

1,271,839

Other debtors

69,447

50,816

2,074,122

1,322,655

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

219,796

252,617

Trade creditors

573,796

303,999

Taxation and social security

438,008

208,784

Other creditors

1,337,905

439,207

2,569,505

1,204,607

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR

31.12.24

31.12.23

£

Bank loans

172,749

381,795

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

Bank loans

392,545

634,412

Bank loans are secured by the personal guarantees of the directors and by fixed and floating charges over the assets of the company.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is F R R Maria Siluvai Raj.