Agora Solutions Limited - Accounts to registrar - small 17.2
Agora Solutions Limited - Accounts to registrar - small 17.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 March 2017 |
for |
AGORA SOLUTIONS LIMITED |
AGORA SOLUTIONS LIMITED (REGISTERED NUMBER: 05990074) |
Contents of the Financial Statements |
for the year ended 31 March 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Chartered Accountants' Report | 7 |
AGORA SOLUTIONS LIMITED |
Company Information |
for the year ended 31 March 2017 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Waterside House |
Waterside Business Park |
1649 Pershore Road |
Birmingham |
West Midlands |
B30 3DR |
AGORA SOLUTIONS LIMITED (REGISTERED NUMBER: 05990074) |
Balance Sheet |
31 March 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
AGORA SOLUTIONS LIMITED (REGISTERED NUMBER: 05990074) |
Balance Sheet - continued |
31 March 2017 |
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 on |
AGORA SOLUTIONS LIMITED (REGISTERED NUMBER: 05990074) |
Notes to the Financial Statements |
for the year ended 31 March 2017 |
1. | STATUTORY INFORMATION |
Agora Solutions Limited is a |
company's registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the net invoiced sales of goods and services, excluding value added tax. Where turnover is |
derived from the delivery of projects income is recognised in direct relation to the ongoing project costs |
incurred. |
Tangible fixed assets |
Plant and machinery etc | - |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
AGORA SOLUTIONS LIMITED (REGISTERED NUMBER: 05990074) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2017 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2016 |
Additions |
At 31 March 2017 |
DEPRECIATION |
At 1 April 2016 |
Charge for year |
At 31 March 2017 |
NET BOOK VALUE |
At 31 March 2017 |
At 31 March 2016 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | OTHER FINANCIAL COMMITMENTS |
The total amount of commitments, guarantees and contingencies is £67,612 |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
As at the year end the company owed the directors/shareholders Mr & Mrs G Canavan £184,442 (2016 - |
£229,442) and Mr & Mrs J Carter £90,813 (2016 - owed by - £1,583) The loans are interest bearing at 5%. |
During the year the directors received £10,474 (2016 - £4,085) in respect of interest due on the loans. |
AGORA SOLUTIONS LIMITED (REGISTERED NUMBER: 05990074) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2017 |
9. | ULTIMATE CONTROLLING PARTY |
The company is under the control of the directors Mr J Carter and Mr G Canavan by virtue of their share |
ownership. |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Agora Solutions Limited |
The following reproduces the text of the report prepared for the directors and members in respect of the |
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only |
required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary |
statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Agora Solutions Limited for the year ended 31 March 2017 which comprise the Income |
Statement, Balance Sheet and the related notes from the company's accounting records and from information and |
explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Agora Solutions Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Agora Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Agora Solutions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Agora Solutions Limited Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Agora Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Agora Solutions Limited. You consider that Agora Solutions Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Agora Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Waterside House |
Waterside Business Park |
1649 Pershore Road |
Birmingham |
West Midlands |
B30 3DR |