Agulhas Applied Knowledge Limited 31/01/2025 iXBRL

Company registration number: 04644326

Agulhas Applied Knowledge Limited

Unaudited filleted financial statements

31 January 2025

Agulhas Applied Knowledge Limited

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Agulhas Applied Knowledge Limited

Directors and other information


	Directors	Mr N T Thornton
		Mrs C E Cameron
		Mr D M Cox
		Mrs L J Pett


	Secretary	Mrs C E Cameron


	Company number	04644326


	Registered office	10E Branch Place
		London
		N1 5PH

Agulhas Applied Knowledge Limited

Statement of financial position

31 January 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	21,046		13,149
		_______		_______
			21,046		13,149

Current assets
Debtors	6	130,762		146,337
Cash at bank and in hand		421,572		511,024
		_______		_______
		552,334		657,361
Creditors: amounts falling due
within one year	7	( 349,249)		( 328,212)
		_______		_______
Net current assets			203,085		329,149
			_______		_______
Total assets less current liabilities			224,131		342,298

			_______		_______
Net assets			224,131		342,298
			_______		_______

Capital and reserves
Called up share capital			1,042		1,042
Capital redemption reserve			100		100
Profit and loss account			222,989		341,156
			_______		_______
Shareholders funds			224,131		342,298
			_______		_______

For the year ending 31 January 2025 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 08 October 2025 , and are signed on behalf of the board by:

Mr N T Thornton

Director

Company registration number: 04644326

Agulhas Applied Knowledge Limited

Statement of changes in equity

Year ended 31 January 2025

	Called up share capital	Capital redemption reserve	Profit and loss account	Total
	£	£	£	£


At 1 February 2023	1,042	100	294,734	295,876

Profit for the year			46,422	46,422
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	46,422	46,422

	_______	_______	_______	_______
At 31 January 2024 and 1 February 2024	1,042	100	341,156	342,298

Profit for the year			181,833	181,833
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	181,833	181,833

Capital contribution to EOT	-	-	( 300,000)	( 300,000)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 300,000)	( 300,000)

	_______	_______	_______	_______
At 31 January 2025	1,042	100	222,989	224,131
	_______	_______	_______	_______

Agulhas Applied Knowledge Limited

Notes to the financial statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10E Branch Place, London, N1 5PH.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 25 (2024: 24 ).

5. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 1 February 2024	83,506	83,506
Additions	18,495	18,495
	_______	_______
At 31 January 2025	102,001	102,001
	_______	_______
Depreciation
At 1 February 2024	70,357	70,357
Charge for the year	10,598	10,598
	_______	_______
At 31 January 2025	80,955	80,955
	_______	_______
Carrying amount
At 31 January 2025	21,046	21,046
	_______	_______
At 31 January 2024	13,149	13,149
	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	112,169	131,711
Other debtors	18,593	14,626
	_______	_______
	130,762	146,337
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	137,472	85,767
Corporation tax	59,558	9,998
Social security and other taxes	126,814	101,625
Other creditors	25,405	130,822
	_______	_______
	349,249	328,212
	_______	_______

8. Controlling party

The reporting entity is wholly owned by Agulhas Applied Knowledge Trustee Limited, a company registered in England and Wales, whose address is at 10E Branch Place, London, England, N1 5PH.