Argento Global Solutions Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11750584 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

ARGENTO GLOBAL SOLUTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S De Michele

SECRETARY:

N J De Michele

REGISTERED OFFICE:

Unit 8 Ribocon Way

Luton

Bedfordshire

LU4 9UR

REGISTERED NUMBER:

11750584 (England and Wales)

ACCOUNTANTS:

MDG Business Associates Limited

Room 73

Wrest House

Wrest Park

Silsoe

Bedfordshire

MK45 4HR

FIXED ASSETS

Tangible assets

5

171,691

115,054

CURRENT ASSETS

Stocks

6

21,245

15,695

Debtors

7

53,756

49,481

Cash at bank

185,271

66,012

260,272

131,188

CREDITORS

Amounts falling due within one year

8

(99,723

)

(86,279

)

NET CURRENT ASSETS

160,549

44,909

TOTAL ASSETS LESS CURRENT
LIABILITIES

332,240

159,963

CREDITORS

Amounts falling due after more than one year

9

(5,816

)

(14,338

)

PROVISIONS FOR LIABILITIES

(26,105

)

(16,618

)

NET ASSETS

300,319

129,007

CAPITAL AND RESERVES

Called up share capital

10

1

Retained earnings

300,318

129,006

SHAREHOLDERS' FUNDS

300,319

129,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 20 October 2026 and were signed by:

S De Michele - Director

1.	STATUTORY INFORMATION

Argento Global Solutions 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to surplus or deficit over the relevant period. The capital element of the future payments is treated as a liability.

Business bounce back loan scheme

The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% a year.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 6 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

Cost

At 1 March 2025

55,126

41,344

7,668

Additions

2,017

19,183

1,585

Disposals

-

At 28 February 2026

57,143

60,527

9,253

Depreciation

At 1 March 2025

20,593

18,450

4,175

Charge for year

5,471

5,724

873

Eliminated on disposal

-

At 28 February 2026

26,064

24,174

5,048

Net book value

At 28 February 2026

31,079

36,353

4,205

At 28 February 2025

34,533

22,894

3,493

Motor

Computer

vehicles

equipment

Totals

£

Cost

At 1 March 2025

91,278

9,447

204,863

Additions

52,225

3,749

78,759

Disposals

-

(900

)

(900

)

At 28 February 2026

143,503

12,296

282,722

Depreciation

At 1 March 2025

40,236

6,355

89,809

Charge for year

7,688

1,597

21,353

Eliminated on disposal

-

(131

)

(131

)

At 28 February 2026

47,924

7,821

111,031

Net book value

At 28 February 2026

95,579

4,475

171,691

At 28 February 2025

51,042

3,092

115,054

6.

STOCKS

2026

2025

£

Stocks

21,245

15,695

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

47,398

21,530

Other debtors

4,222

26,852

Prepayments and accrued income

2,136

1,099

53,756

49,481

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

-

10,651

Hire purchase contracts

6,547

Trade creditors

8,447

2,654

Tax

32,243

29,979

Social security and other taxes

7,778

3,062

VAT

36,041

20,801

Other creditors

6,099

3,538

Director's loan account

280

612

Accruals and deferred income

2,288

8,435

99,723

86,279

The bank loan relates to a Business Bounce Back Loan Scheme facility which is 100% guaranteed by the UK government. Interest is charged at 2.5% per annum.

Obligations held under hire purchase contracts are secured on the assets concerned.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

Bank loans - 2-5 years

-

3,223

Hire purchase contracts

5,816

11,115

5,816

14,338

Obligations held under hire purchase contracts are secured on the assets concerned.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

1

Ordinary

£1

1

11.	RELATED PARTY DISCLOSURES

Within other creditors is an amount of £280 (2025: £612) due to S De-Michele, director. Interest of £Nil (2025: £Nil) has been charged on this balance during the year.The loan has no set repayment terms.

During the year the company paid rent and service charges of £24,000 (2025: £26,680) to DMPI (Unit 8) Limited, a company with a common under common control. At 28th February 2026 the company was owed an amount of £3,524 (2025 £4,074) from DMPI (Unit 8) Limited. No interest has been charged on the outstanding balance during the year (2025: £Nil) and there are no set repayment terms in place.

At 28th February 2026 the company was owed an amount of £698 (2025: £23,328) from Fire Safety Stick Ireland Limited, a company under common control. No interest has been charged on the outstanding balance during the year (2025: £Nil) and there are no set repayment terms in place.