Agile on the Beach Limited

Company Information

Directors

Mr Toby Harry Parkins Mr Mark Terrance Smith

Registered office

Fibrehub Trevenson Lane Pool Cornwall TR15 3GF

Bankers

Santander PO Box 382 21 Prescot Street London E1 8AD

Accountants

Francis Clark LLP Lowin House Tregolls Road Truro Cornwall TR1 2NA

Agile on the Beach Limited

Balance Sheet

31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	248	720
Current assets
Debtors	5	11,934	32,445
Cash at bank and in hand		111,389	102,653
		123,323	135,098
Creditors: Amounts falling due within one year	6	(74,092)	(86,715)
Net current assets		49,231	48,383
Total assets less current liabilities		49,479	49,103
Creditors: Amounts falling due after more than one year	6	(8,333)	(18,333)
Net assets		41,146	30,770
Reserves
Profit and loss account		41,146	30,770
Total equity		41,146	30,770

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

......................................... Mr Mark Terrance Smith Director

Agile on the Beach Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2024

1	General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Fibrehub Trevenson Lane
Pool
Cornwall
TR15 3GF

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors of the company have considered the going concern position. In the opinion of the directors, the company has sufficient working capital within existing facilities to continue to trade for the foreseeable future, and therefore the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Agile on the Beach Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office and event equipment	Straight line - 25%

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

Agile on the Beach Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2024

4	Tangible assets

	Office and event equipment  £	Total £
Cost or valuation
At 1 January 2024	1,886	1,886
At 31 December 2024	1,886	1,886
Depreciation
At 1 January 2024	1,166	1,166
Charge for the year	472	472
At 31 December 2024	1,638	1,638
Carrying amount
At 31 December 2024	248	248
At 31 December 2023	720	720

5

Debtors

	2024 £	2023 £
Trade debtors	260	11,265
Prepayments	10,120	21,180
Other debtors	1,554	-
	11,934	32,445

6

Creditors

Creditors: amounts falling due within one year

	Note	2024  £	2023  £
Due within one year
Loans and borrowings	7	10,000	10,000
Trade creditors		17,111	534
Social security and other taxes		-	194
Other creditors		45,194	74,089
Accrued expenses		1,787	1,898
		74,092	86,715

Agile on the Beach Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2024

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	7	8,333	18,333

7	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	8,333	18,333

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	10,000	10,000

8	Related party transactions

There were no related party transactions in the year. (2023: £nil)