Mid Anglian Enterprise Agency Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01805308 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Mid Anglian Enterprise Agency Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R W Masson

A J Till

W J J Ward

C P Kelly

Mrs L E Ahuja

O W Peacock

G Carew

REGISTERED OFFICE:

The Vision Centre

5 Eastern Way

Bury St Edmunds

Suffolk

IP32 7AB

REGISTERED NUMBER:

01805308 (England and Wales)

AUDITORS:

Knights Lowe Limited

Eldo House

Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

FIXED ASSETS

Intangible assets

4

9,336

-

Tangible assets

5

757,698

752,440

767,034

752,440

CURRENT ASSETS

Debtors

6

110,090

158,285

Cash at bank and in hand

376,647

249,678

486,737

407,963

CREDITORS

Amounts falling due within one year

7

388,476

287,732

NET CURRENT ASSETS

98,261

120,231

TOTAL ASSETS LESS CURRENT LIABILITIES

865,295

872,671

CREDITORS

Amounts falling due after more than one
year

8

(8,833

)

(18,447

)

PROVISIONS FOR LIABILITIES

(48,139

)

(48,139

)

NET ASSETS

808,323

806,085

RESERVES

Fair value reserve

10

205,222

Income and expenditure account

603,101

600,863

808,323

806,085

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 22 October 2025 and were signed on its behalf by:

A Ponder - Director

A J Till - Director

1.	STATUTORY INFORMATION

Mid Anglian Enterprise Agency Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover is the total amount receivable by the company for services provided excluding VAT and includes income from sponsorship, donations, revenue funding and from property management.

Income from services is recognised on an accruals basis and includes income as it is earned.

All other income is included in turnover on receipt except where it is designated to be used to fund a specific activity and is included in turnover when this activity takes place.

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.

Website is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

life.

Improvements to property - 10 years straight line and 6 years straight line

Fixtures & equipment - 4 years straight line

Freehold property is recognised at the revalued amount via the revaluation model.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 31 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

14,700

Additions

9,885

Disposals

(14,700

)

At 31 March 2025

9,885

AMORTISATION

At 1 April 2024

14,700

Charge for year

549

Eliminated on disposal

(14,700

)

At 31 March 2025

549

NET BOOK VALUE

At 31 March 2025

9,336

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1 April 2024

720,000

70,697

790,697

Additions

-

19,433

At 31 March 2025

720,000

90,130

810,130

DEPRECIATION

At 1 April 2024

-

38,257

Charge for year

-

14,175

At 31 March 2025

-

52,432

NET BOOK VALUE

At 31 March 2025

720,000

37,698

757,698

At 31 March 2024

720,000

32,440

752,440

Cost or valuation at 31 March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 2017

83,361

-

83,361

Valuation in 2020

50,000

-

50,000

Valuation in 2023

120,000

-

120,000

Cost

466,639

90,130

556,769

720,000

90,130

810,130

An independent valuation report was carried out by John Casson Survey Services Ltd on 11 April 2023. They gave a property valuation with vacant possession of £720,000. The directors do not consider there to be a material change in value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

90,099

123,350

Other debtors

19,991

34,935

110,090

158,285

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

10,228

10,648

Trade creditors

49,701

30,376

Social security & other tax

80,626

49,622

Tenants' deposits held

24,066

28,540

Intercompany loan

-

415

Accruals and deferred income

139,115

159,848

Grant bursaries for start ups

84,740

8,283

388,476

287,732

Tenants' deposits held and grant bursaries for start up businesses have equivalent ring fenced funds included in cash at bank.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans - 1-2 years

8,833

18,447

Bank loans is a Government-backed loan obtained to alleviate the effects of Covid-19 on the company's cash flow.

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

63,850

55,852

Between one and five years

55,196

95,796

In more than five years

66,000

-

185,046

151,648

10.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

205,222

The fair value reserve represents unrealised gains on revaluation and is non-distributable, and does not form part of retained earnings.

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Knights BSc ACA (Senior Statutory Auditor)

for and on behalf of Knights Lowe Limited

12.	RELATED PARTY DISCLOSURES

Directors

Directors remuneration was paid in the year made up of salary of £88,850 (2024 - £89,225), pension of £2,725 (2024 - £17,070) and accrued bonus of NIL (2024 - £Nil).

National Enterprise Network

(A company in which Alex Till is also a director)

Purchases of £249 (2024 - £3,418) were supplied by this company in the year.

Outstanding creditor at the year end of NIL (2024 - NIL).

Community Workshop Limited

(A company in which Alex Till is also a director)

Purchases of £190 (2024 - £114) were supplied by this company in the year.

Outstanding creditor at the year end of £0 (2024 - £78).

LouiseBComms Limited

(A company in which Louise Ahuja is also a director)

Income of £290 (2024 - £491) were supplied to this company in the year.

Outstanding debtor at the year end of NIL (2024 - NIL).

13.	COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee and does not have any share capital.