REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 March 2016 |
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for |
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AGORA SOLUTIONS LIMITED |
DRAFT |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 March 2016 |
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for |
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AGORA SOLUTIONS LIMITED |
AGORA SOLUTIONS LIMITED (REGISTERED NUMBER: 05990074) |
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Contents of the Abbreviated Accounts |
for the year ended 31 March 2016 |
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DRAFT |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
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Chartered Accountants' Report | 6 |
AGORA SOLUTIONS LIMITED |
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Company Information |
for the year ended 31 March 2016 |
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DRAFT |
DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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AGORA SOLUTIONS LIMITED (REGISTERED NUMBER: 05990074) |
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Abbreviated Balance Sheet |
31 March 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
DRAFT |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors |
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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 CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Capital redemption reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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) |
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Abbreviated Balance Sheet - continued |
31 March 2016 |
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DRAFT |
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The financial statements were approved by the Board of Directors on
by: |
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AGORA SOLUTIONS LIMITED (REGISTERED NUMBER: 05990074) |
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Notes to the Abbreviated Accounts |
for the year ended 31 March 2016 |
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DRAFT |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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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. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Deferred tax |
Full provision is made for deferred tax assets and liabilities arising from all timing differences between the |
recognition of gains and losses in the financial statements and recognition in the tax computation. |
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A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be |
suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. |
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Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing |
differences are expected to reverse. |
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Deferred tax assets and liabilities are discounted. |
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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 the profit and loss account in the period to which they relate. |
AGORA SOLUTIONS LIMITED (REGISTERED NUMBER: 05990074) |
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Notes to the Abbreviated Accounts - continued |
for the year ended 31 March 2016 |
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DRAFT |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2015 |
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Additions |
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At 31 March 2016 |
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DEPRECIATION |
At 1 April 2015 |
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Charge for year |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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(2015 -
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4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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As at the year end the company owed the directors/shareholders Mr & Mrs G Canavan £229,442 (2015 - |
£127,442). The loan is interest bearing at 5%. During the year the directors received £4,085 in respect of |
interest due on the loan. |
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On 6 November 2014 the company purchased 100 of its own shares for a consideration of £497,500. On |
completion the acquired shares were cancelled leaving a net share capital of £200, made up of 200 ordinary £1 |
shares. On the same day the directors Mr R G Goldman and Mrs K J Goldman resigned as directors and |
employees of the company. In consideration of the cessation of their employment and directorships, the |
company entered into compromise agreements with each of the directors resulting in the payment of |
compensation for loss of office paid to Mr R G Goldman of £30,000 and to Mrs K Goldman £15,000. |
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5. | ULTIMATE CONTROLLING PARTY |
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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 |
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DRAFT |
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have |
been prepared. |
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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 2016 which comprise the Profit and Loss |
Account, the Balance Sheet and the related notes from the company's accounting records and from information and |
explanations you have given us. |
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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 at icaew.com/membershandbook. |
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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 AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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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. |
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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. |
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31 August 2016 |