Registration number:
Agora-Direct Limited
for the Year Ended 31 December 2017
Agora-Direct Limited
Contents
Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Financial Statements |
Agora-Direct Limited
Company Information
Directors |
M Nowatzki A S H Din T J Ahmad |
Registered office |
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Bankers |
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Accountants |
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Page 1 |
Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Agora-Direct Limited
for the Year Ended 31 December 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Agora-Direct Limited for the year ended 31 December 2017 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/
member/professional-standards/rules-standards/acca-rulebook.html.
This report is made solely to the Board of Directors of Agora-Direct Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Agora-Direct Limited and state those matters that we have agreed to state to the Board of Directors of Agora-Direct Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.doc.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Agora-Direct Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Agora-Direct Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Agora-Direct Limited. You consider that Agora-Direct 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 accounts of Agora-Direct 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 accounts.
............................................................
Millennium Way
Pride Park
Derby
DE24 8HG
Date:.............................
Page 2 |
Agora-Direct Limited
(Registration number: 09349168)
Balance Sheet as at 31 December 2017
Note |
2017 |
2016 |
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Current assets |
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Debtors |
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Other financial assets |
3,600 |
3,010 |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net assets |
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Capital and reserves |
|||
Called up share capital |
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|
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Profit and loss account |
( |
( |
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Total equity |
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For the financial year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
M Nowatzki
Director
Page 3 |
Agora-Direct Limited
Notes to the Financial Statements for the Year Ended 31 December 2017
General information |
The company is a private company limited by share capital incorporated in England.
The address of the registered office is given in the company information on page 1 of the financial statements.
The principal place of activity of the business is in Derby.
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland' and Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in Sterling (£) and rounded to the nearest £1.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown gross of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Taxation |
Factors that may affect future tax charges
The company has tax losses carried forward totalling £63,901 (2016 - £72,514). This gives rise to a potential deferred tax asset of £12,141 (2016 - £14,503). This is not recognised within the financial statements due to the uncertainty of when they will reverse.
Page 4 |
Agora-Direct Limited
Notes to the Financial Statements for the Year Ended 31 December 2017
Debtors |
2017 |
2016 |
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Other debtors |
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- |
Prepayments and accrued income |
4,852 |
4,750 |
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Creditors |
Note |
2017 |
2016 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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- |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2017 |
2016 |
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No. |
£ |
No. |
£ |
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94,000 |
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94,000 |
Financial commitments, guarantees and contingencies |
The total amount of financial commitments not included in the balance sheet is £Nil (2016 - £
Related party transactions |
Transactions with directors |
2017 |
At 1 January 2017 |
Advances to directors |
Repayments by director |
At 31 December 2017 |
Interest free loans repayable on demand |
97 |
( |
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( |
Page 5 |