Agenda Publishing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09364538 (England and Wales)

AGENDA PUBLISHING LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

7

DIRECTORS:

S Gerrard

M Campbell

REGISTERED OFFICE:

C/O Cox Costello & Horne

26 Main Avenue

Moor Park

HA6 2HJ

REGISTERED NUMBER:

09364538 (England and Wales)

ACCOUNTANTS:

Cox Costello & Horne

Chartered Accountants and Tax Advisors

26 Main Avenue

Moor Park

HA6 2HJ

FIXED ASSETS

Intangible assets

4

-

1,725

Tangible assets

5

351

-

351

1,725

CURRENT ASSETS

Stocks

66,000

49,000

Debtors

6

72,068

31,103

Cash at bank and in hand

70,870

-

208,938

80,103

CREDITORS

Amounts falling due within one year

7

152,982

94,467

NET CURRENT ASSETS/(LIABILITIES)

55,956

(14,364

)

TOTAL ASSETS LESS CURRENT LIABILITIES

56,307

(12,639

)

CAPITAL AND RESERVES

Called up share capital

2,500

2,000

Share premium

373,500

249,000

Retained earnings

(319,693

)

(263,639

)

SHAREHOLDERS' FUNDS

56,307

(12,639

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

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.

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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2020 and were signed on its behalf by:

S Gerrard - Director

1.	STATUTORY INFORMATION

Agenda Publishing Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Going concern

The company meets its day-to-day working capital requirements through its bank facility and support from

shareholders. The company's forecasts and projections, taking account of reasonably possible changes in trading

performance, show that the company should be able to operate within the level of its current facilities. After making

enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in

operational existence for the foreseeable future; taken to be 12 months after signing the financial statements. The

company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment

losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and

condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if

appropriate, or if there is an indication of a significant change since the last reporting date.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the

cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable

overheads. Stocks held for 24 months are written down to its residual value which is considered to be £nil.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced

to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets

and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related

parties and investments in non-puttable ordinary shares.

Basic financial instruments

a) Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the

arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future

receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the

effective interest method, less any impairment.

b) Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties,

are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the

debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such

instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

c) Cash at bank and in hand

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other

short-term highly liquid investments that mature in no more than three months from the date of acquisition and that

are readily convertible to known amounts of cash with insignificant risk of change in value.

d) Interest income

Interest income is recognised in profit or loss using the effective interest method.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as

other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive

income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the

balance sheet date, except that:

-

the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

-

any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted

by the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

Operating leases

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under

operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2019

and 31 December 2019

16,300

AMORTISATION

At 1 January 2019

14,575

Charge for year

1,725

At 31 December 2019

16,300

NET BOOK VALUE

At 31 December 2019

-

At 31 December 2018

1,725

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

358

At 31 December 2019

358

DEPRECIATION

Charge for year

7

At 31 December 2019

7

NET BOOK VALUE

At 31 December 2019

351

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade debtors

50,546

29,543

Other debtors

21,522

1,560

72,068

31,103

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Bank overdraft

24,804

24,241

Trade creditors

34,060

2,429

Taxation and social security

827

804

Other creditors

93,291

66,993

152,982

94,467

8.	RELATED PARTY DISCLOSURES

At the reporting date, amount due to director Mr S Gerrard was £11,429 (2018 - £2,629).

At the reporting date, amount due to director Mr M Campbell was £30,000 (2018 - £30,000).

Amounts outstanding are unsecured, attracts interest at 8%pa, have no fixed terms of repayment and considered

payable on demand.

9.	POST BALANCE SHEET EVENTS

The adverse impact of Covid-19 globally and nationally has been, and continues to be unprecedented. There remains

significant uncertainty as to both the duration and quantum of Covid-19's effects on the company's business and the

extent to which the company may benefit financially from support from central and local government. As such, there is

a wide range of potential outcomes for the company's cash flows from the impact from Covid-19. The directors have

considered the company's current key performance indicators to identify and quantify the potential impact of Covid-19

on the company's cash flows, although the actual impact could be materially different.

10.	ULTIMATE CONTROLLING PARTY

At the reporting date, in the opinion of the directors, there is no single ultimate controlling party. There has been no

change between the reporting date and date of approval of the financial statements.

The following reproduces the text of the report prepared for the directors 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 Agenda Publishing Limited for the year ended 31 December 2019 which comprise the Profit and Loss account,

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 Agenda Publishing 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 Agenda Publishing Limited and state those matters that we have agreed to state to the Board of Directors of Agenda Publishing 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 Agenda Publishing Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Agenda Publishing 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 loss of Agenda Publishing Limited. You consider that Agenda Publishing 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 Agenda Publishing 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.

Cox Costello & Horne

Chartered Accountants and Tax Advisors

26 Main Avenue

Moor Park

HA6 2HJ

24 November 2020