Agxio Limited - Filleted accounts

Registered number

11274633

Agxio Limited

Filleted Accounts

31 March 2026

Agxio Limited
Registered number:		11274633
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		1,989,493			1,805,276
Tangible assets	4		22,526			75,881
			2,012,019			1,881,157

Current assets
Debtors	5	8,123			99
Cash at bank and in hand		15,822			219,880
		23,945			219,979

Creditors: amounts falling due within one year	6	(100,412)			(134,052)

Net current (liabilities)/assets			(76,467)			85,927

Net assets			1,935,552			1,967,084

Capital and reserves
Called up share capital			7,548			7,548
Share premium			3,174,307			3,174,307
Profit and loss account			(1,246,303)			(1,214,771)

Shareholders' funds			1,935,552			1,967,084

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Dr Stephen Christie
Director
Approved by the board on 8 June 2026

Agxio Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	20% straight line

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		7		10


3	Intangible fixed assets				£
	Software/App Development:

	Cost
	At 1 April 2025				1,805,276
	Additions				184,217
	At 31 March 2026				1,989,493

	Amortisation
	At 31 March 2026				-

	Net book value
	At 31 March 2026				1,989,493
	At 31 March 2025				1,805,276

	The software has an indefinite useful life and therefore not being amortised.


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2025				204,619
	Additions				4,870
	Disposals				(98,519)
	At 31 March 2026				110,970

	Depreciation
	At 1 April 2025				128,738
	Charge for the year				14,877
	On disposals				(55,171)
	At 31 March 2026				88,444

	Net book value
	At 31 March 2026				22,526
	At 31 March 2025				75,881


5	Debtors		2026		2025
£				£

	Other debtors		8,123		99


6	Creditors: amounts falling due within one year		2026		2025
£				£

	Taxation and social security costs		-		(3,085)
	Other creditors		100,412		137,137
			100,412		134,052


7	Investment Capital		2026		2025
£				£

	At 1 April 2025		-		1,150,000
	Value of investment		-		(1,150,000)

	At 31 March 2026		-		-


8	Controlling party

	There is no majority shareholder and therefore no ultimate controlling party.


9	Other information

	Agxio Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Elderslie Stane Street
	Ockley
	Dorking
	RH5 5TD