Agenci Limited Accounts






Agenci Limited
	Company No. 04705868
		Information for Filing with The Registrar
		31 March 2017

The Directors present their report and the accounts for the year ended 31 March 2017.

Principal activities
The principal activity of the company during the year under review was cyber software consultants.




Directors

The Directors who served at any time during the year were as follows:

S.A.T. Barker
A.J. Cook			(Resigned 26 May 2016)
G. Hibberd
D.R. Riley
































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

S.A.T. Barker
Director
06 November 2017

at	31 March 2017

Company No.		04705868	Notes	2017	2016
				£	£
Fixed assets

	Tangible assets		2	11,047	7,657


				11,047	7,657
Current assets

	Debtors		3	69,548	90,321

	Cash at bank and in hand			15,043	(2,476)
				84,591	87,845
Creditors: Amount falling due within one year			4	(67,711)	(72,930)
Net current assets				16,880	14,915
Total assets less current liabilities				27,927	22,572
Creditors: Amounts falling due after more than one year			5	-	(4,605)



Net assets				27,927	17,967

Capital and reserves
	Called up share capital			119	115
	Share premium account		6	19,985	19,985


	Profit and loss account		6	7,823	(2,133)

Total equity				27,927	17,967


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 06 November 2017

And signed on its behalf by:

S.A.T. Barker
Director
06 November 2017

for the year ended 31 March 2017

Accounting policies

Basis of preparation

The accounts have been prepared 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) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

10% reducing balance (Computer equipment - 33.33% straight line)

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).
Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

2	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 April 2016	14,051	14,051
		Additions	5,008	5,008



		At 31 March 2017	19,059	19,059
		Depreciation
		At 1 April 2016	6,394	6,394
		Charge for the year	1,618	1,618



		At 31 March 2017	8,012	8,012
		Net book values
		At 31 March 2017	11,047	11,047
		At 31 March 2016	7,657	7,657

3	Debtors
			2017	2016
			£	£
		Trade debtors	62,456	44,486





		Other debtors	4	43,753
		Prepayments and accrued income	7,088	2,082
			69,548	90,321

4	Creditors:
		amounts falling due within one year
			2017	2016
			£	£

		Bank loans and overdrafts	4,605	10,713


		Trade creditors	669	12,089

		Corporation tax	49,651	27,736
		Other taxes and social security	10,572	21,018
		Loans from directors	2,214	23

		Accruals and deferred income	-	1,351
			67,711	72,930

5	Creditors:
		amounts falling due after more than one year
			2017	2016
			£	£

		Bank loans and overdrafts	-	4,605






			-	4,605

Reserves

Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

Profit and loss account - includes all current and prior period retained profits and losses.

7	Dividends
			2017	2016
			£	£
		Dividends for the period:
		Dividends paid in the period	170,510	119,344

			170,510	119,344

		Dividends by type:

		Equity dividends	170,510	119,344
			170,510	119,344

8	Related party disclosures
				2017	2016
		Transactions with related parties		£	£

























































		Name of related party	S.A.T. Barker
		Description of relationship between the parties	Director
		Description of transaction and general amounts involved	Loan from director
		Amount due from/(to) the related party		(1,200)	(23)
		Provision for doubtful debts due from the related party		-	-
		Amounts written off in the period in respect of debts from/(to) the related party		-	-

		Name of related party	A.J. Cook
		Description of relationship between the parties	Director
		Description of transaction and general amounts involved	Loan to director
		Amount due from/(to) the related party		-	-
		Provision for doubtful debts due from the related party		-	-
		Amounts written off in the period in respect of debts from/(to) the related party		14,931	-

		Name of related party	G. Hibberd
		Description of relationship between the parties	Director
		Description of transaction and general amounts involved	Loan from director
		Amount due from/(to) the related party		(1,014)	-
		Provision for doubtful debts due from the related party		-	-
		Amounts written off in the period in respect of debts from/(to) the related party		-	-





































































































































































































































































		Controlling parties
		Immediate controlling parties	Mr SAT Barker controls the company by virtue of being the majority shareholder.

		Ultimate controlling party	Mr SAT Barker controls the company by virtue of being the majority shareholder.

Additional information

Its registered number is:

04705868

Its registered office is:

5 The Walled Garden

The Nostell Estate Yard

Nostell

Wakefield

WF14 1AB