REGISTERED NUMBER: 05392286 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

S.A. Agate Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Agate

SECRETARY:

R G Agate

REGISTERED OFFICE:

Jugglers

Pratts Folly Lane

Crowborough

East Sussex

TN6 1HR

REGISTERED NUMBER:

05392286 (England and Wales)

ACCOUNTANTS:

Ward Mackenzie Ltd

Thatcher House

12 Mount Ephraim

Tunbridge Wells

Kent

TN4 8AS

Fixed assets

Tangible assets

4

5,174

5,134

Current assets

Debtors

5

103,133

18,000

Cash at bank

48,900

170,927

152,033

188,927

Creditors

Amounts falling due within one year

6

(27,174

)

(63,849

)

Net current assets

124,859

125,078

Total assets less current liabilities

130,033

130,212

Capital and reserves

Called up share capital

2

2

Retained earnings

7

130,031

130,210

Shareholders' funds

130,033

130,212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 22 December 2025 and were signed by:

S Agate - Director

1.	STATUTORY INFORMATION

S.A. Agate Limited 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.

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

The principal activity of the company in the year under review was that of computer consultancy.

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.

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

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

FINANCIAL INSTRUMENTS

The company only enters into basic financial instrument transactions that results in the recognition of financial asset and liability such as trade and other debtors and creditors, loan from bank and other third parties, loan to related parties and investments in non puttable ordinary shares.

TAXATION

The tax expense represents the sum of the tax currently payable and deferred tax.

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.

CURRENT TAX

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

673

1,180

7,694

9,547

Additions

-

200

734

934

At 31 March 2025

673

1,380

8,428

10,481

DEPRECIATION

At 1 April 2024

468

538

3,407

4,413

Charge for year

41

192

661

894

At 31 March 2025

509

730

4,068

5,307

NET BOOK VALUE

At 31 March 2025

164

650

4,360

5,174

At 31 March 2024

205

642

4,287

5,134

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

18,000

Directors' current accounts

103,133

-

103,133

18,000

The directors consider the carrying value of trade and other receivables approximate to their fair values.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Corporation tax

24,007

31,715

VAT

1,528

7,912

Directors' current accounts

-

22,697

Accrued expenses

1,639

1,525

27,174

63,849

The directors consider the carrying amounts of current liabilities approximate to their fair values.

7.

RESERVES

Retained

earnings

£

At 1 April 2024

130,210

Profit for the year

80,821

Dividends

(81,000

)

At 31 March 2025

130,031

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

S Agate

Balance outstanding at start of year

(22,697

)

(12,304

)

Amounts advanced

232,589

80,139

Amounts repaid

(106,759

)

(90,532

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

103,133

(22,697

)

This loan is interest free and has been repaid in full post year end.