Agillex Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08861373 (England and Wales)

Agillex Ltd

Unaudited Financial Statements for the Year Ended 31 January 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S James

P James

REGISTERED OFFICE:

One New Street

Wells

Somerset

BA5 2LA

REGISTERED NUMBER:

08861373 (England and Wales)

ACCOUNTANTS:

Webb & Co Ltd

Accountants and Business Advisers

One New Street

Wells

Somerset

BA5 2LA

FIXED ASSETS

Tangible assets

4

22,541

28,438

Investment property

5

228,251

250,792

256,689

CURRENT ASSETS

Debtors

6

25,986

22,381

Cash at bank

28,106

36,097

54,092

58,478

CREDITORS

Amounts falling due within one year

7

35,815

35,412

NET CURRENT ASSETS

18,277

23,066

TOTAL ASSETS LESS CURRENT
LIABILITIES

269,069

279,755

CREDITORS

Amounts falling due after more than one
year

8

-

(10,065

)

PROVISIONS FOR LIABILITIES

(5,270

)

(6,311

)

NET ASSETS

263,799

263,379

CAPITAL AND RESERVES

Called up share capital

9

1,000

Fair value reserve

19,265

Retained earnings

243,534

243,114

SHAREHOLDERS' FUNDS

263,799

263,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2026 and were signed on its behalf by:

S James - Director

1.	STATUTORY INFORMATION

Agillex Ltd 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 (£).

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rental Income

Turnover from the rental of properties is recognised on an accruals basis in accordance with the

substance of the relevant agreement.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the

expenses recognised that are recoverable.

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

-

10% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 February 2025

and 31 January 2026

25,152

20,603

36,995

82,750

DEPRECIATION

At 1 February 2025

9,783

19,239

25,290

54,312

Charge for year

2,516

455

2,926

5,897

At 31 January 2026

12,299

19,694

28,216

60,209

NET BOOK VALUE

At 31 January 2026

12,853

909

8,779

22,541

At 31 January 2025

15,369

1,364

11,705

28,438

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

and 31 January 2026

228,251

NET BOOK VALUE

At 31 January 2026

228,251

At 31 January 2025

228,251

Fair value at 31 January 2026 is represented by:

£

Valuation in 2023

25,687

Cost

202,564

228,251

If the investment properties had not been revalued they would have been included at the following historical cost:

2026

2025

£

Cost

202,564

Investment properties were valued on an open market value basis on 31 January 2026 by by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

13,893

17,181

Other debtors

12,093

5,200

25,986

22,381

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

10,022

10,000

Trade creditors

-

347

Taxation and social security

23,409

21,705

Other creditors

2,384

3,360

35,815

35,412

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2026

2025

£

Bank loans

-

10,065

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

1,000

Ordinary shares

£1

1,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2026 and 31 January 2025:

2026

2025

£

S James

Balance outstanding at start of year

-

Amounts advanced

5,150

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

5,150

-

P James

Balance outstanding at start of year

-

Amounts advanced

5,150

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

5,150

-