AGAM International Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12337299 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 27TH NOVEMBER 2019 TO 30TH NOVEMBER 2020

FOR

AGAM INTERNATIONAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Miss S N Wazed

R Sankhe

REGISTERED OFFICE:

71-75 Shelton Street

Covent Garden

London

WC2H 9JQ

REGISTERED NUMBER:

12337299 (England and Wales)

CURRENT ASSETS

Debtors

4

2,088

Cash at bank

55,856

57,944

CREDITORS

Amounts falling due within one year

5

16,134

NET CURRENT ASSETS

41,810

TOTAL ASSETS LESS CURRENT LIABILITIES

41,810

CREDITORS

Amounts falling due after more than one year

6

50,000

NET LIABILITIES

(8,190

)

CAPITAL AND RESERVES

Called up share capital

7

20

Retained earnings

(8,210

)

SHAREHOLDERS' FUNDS

(8,190

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th November 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th November 2020 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th August 2021 and were signed on its behalf by:

Miss S N Wazed - Director

1.	STATUTORY INFORMATION

AGAM International 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Government grants

Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment.

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments.

Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Covid-19 grants such as Bounce Back Loans are deemed to be government grants as the first year's bank interest and bank fees are payable by the government to the lender on behalf of the Company.

Taxation

Taxation for the period 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 period 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

2,088

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

4,064

Other creditors

12,070

16,134

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

50,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

10,000

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2,000,000

Ordinary

0.00001

20

2,000,000 Ordinary shares of 0.00001 each were allotted and fully paid for cash at par during the period.

During the year the company sub-divided its shares from nominal value of £10 to £0.00001 per ordinary share. As a result 2,000,000 shares were issued to replace the 2 shares issued on incorporation.